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IMF resists oil levy cut despite govt push for consumer relief amid global price surge

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A view of people standing in a queue for filling petrol outside a petrol pump in Rawalpindi on January 29, 2023. — OnlinePM Shehbaz orders finance ministry to re-engage with IMF.Premier tells ministry to renew case for easing public burden.Passing on full impact of int’l price to…

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Oil prices bounce higher after new US strikes on Iran

A Mexican Navy boat patrols near the Mexico state oil firm Pemex’s Ciudad Madero refinery, in Ciudad Madero, Mexico, May 28, 2025. — ReutersPrice jumps erase much of Wednesday’s declines.WTI, main US contract, increases by 1.7% to $90.17.Stock markets across Asia were mostly down.

Govt debt rises in 1HFY26 to Rs78.5tr

An employee counts Pakistani rupee notes at a bank in Peshawar on August 22, 2023. — ReutersGovt debt up Rs641bn to Rs78.5tr by December.Govt debt edges up 0.82% in 1HFY26, SBP data shows.Govt debt climbs to Rs78.5tr in first half of FY26.

KARACHI: Government debt rose by Rs641…