An Air India Airbus A350 aeroplane is displayed at Wings India 2024 aviation at Begumpet airport, Hyderabad, India, January 18, 2024. — ReutersAirspace closure costs airline $600 million over 12 months.$400 million retrofit programme underway to upgrade fleet.Airline faces latest…
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SBP gets $2bn Saudi inflow, strengthens foreign reserves
A representational image of a money exchanger counting dollar bills and a stack of rupee notes is seen in the background. — APP/FileSBP receives funds from KSA’s Ministry of Finance.Development comes during PM Shehbaz’s ongoing KSA visit.Pakistan faces $3.5bn repayment to UAE this…
Fuel prices remain unchanged as govt adjusts levies
A person uses a fuel nozzle to fuel up a car at a petrol station in Vienna, Austria March 18, 2022. — Reuters
Climate Support Levy raised by Rs2.50 per litre to Rs5 per litre.Petroleum Levy on petrol and diesel reduced by Rs2.50 per litre.Same levy adjustments also apply to…
Rising oil prices jolt Pakistan’s fragile economy
Luojiashan tanker sits anchored in Muscat, as Iran vows to close the Strait of Hormuz, amid the US-Israeli conflict with Iran, in Muscat, Oman, March 7, 2026. — ReutersPakistan imports over 85% of crude via Hormuz.Fuel prices raised 20% to curb hoarding.Farmers fear rising diesel…