3D-printed oil barrels and an oil pump jack appear in this illustration taken March 2, 2026. — ReutersIran conflict escalates, Houthis launch attacks on Israel.Analysts flag concerns over Saudi exports from Red Sea.Iran accuses US of ground assault plans amid offers of…
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Govt establishes stabilisation fund to cope with fluctuating petroleum prices
A worker holds a fuel nozzle to fills fuel in a car, after the government announced the increase of petrol and diesel prices, at petrol station in Karachi on September 16, 2023. — ReutersFinance Ministry notifies institutions regarding special fund.Provincial governments receive…
IMF cuts growth outlook, warns of potential global recession if Iran war worsens
International Monetary Fund logo is seen outside the headquarters building in Washington, US, September 4, 2018.— ReutersIMF cuts 2026 global GDP growth forecast to 3.1%.Fund warns longer conflict to push down economies.Surging oil prices to make hard to control inflation:…
State can’t afford 70% electricity discount: minister
Federal Minister for Energy Awais Leghari addresses a press conference in an undated picture. — Radio Pakistan/File Ministry says will try to restructure power sector’s debt to bring down rates.No fiscal space for further subsidies, says Awais Leghari.Energy minister…