Business

The All Pakistan Petroleum Pump Owners Association (APPPOA) has postponed its planned nationwide strike for two weeks after successful negotiations with Petroleum Minister Ali Pervaiz Malik, providing relief to consumers who feared fuel supply disruptions across Pakistan. The association had earlier announced an indefinite strike after talks with the government over the newly introduced daily petroleum pricing mechanism failed. However, following fresh negotiations on Wednesday, both sides agreed to continue discussions, with the government assuring petroleum dealers that their concerns would be addressed within the next fortnight. Addressing a joint press conference, Petroleum Minister Ali Pervaiz Malik said the government would hold consultations with the Oil and Gas Regulatory Aut...

Mobile phone users across Pakistan will now have to pay more for call and internet packages after telecom operators increased tariffs with the approval of the Pakistan Telecommunication Authority (PTA). According to the revised tariff sheets issued on the PTA website, prices of various hybrid and data-only packages have been increased by 19% to 33% on an annual basis, making several popular bundles significantly more expensive. Monthly call and data packages have become up to Rs500 more expensive, while 15-day hybrid packages now cost up to Rs300 more. Similarly, weekly hybrid bundles have seen price increases of up to Rs130. The revised tariffs also show that three-day packages have been increased by up to Rs21, two-day packages by up to Rs20, and one-day hybrid packages by up to...

The federal government has increased the prices of petroleum products, raising the cost of petrol by Rs6.39 per litre and high-speed diesel (HSD) by Rs7.83 per litre, citing fluctuations in global oil markets triggered by renewed tensions in the Persian Gulf. According to a notification issued by the Petroleum Division, the revised prices came into effect on Thursday, July 23. Petrol is now priced at Rs327.12 per litre, while HSD will be sold at Rs375.04 per litre across Pakistan. The latest increase comes as the government officially shifts to a daily fuel pricing mechanism, replacing the weekly revisions introduced earlier this year. Petroleum Minister Ali Pervaiz Malik said the decision was taken by the federal cabinet and Prime Minister Shehbaz Sharif to enable faster adjustments...

Pakistan's two- and three-wheeler industry recorded a remarkable turnaround in fiscal year 2025-26, with motorcycle sales reaching an all-time high as improving economic activity and stronger consumer demand fueled record growth across the sector. According to the latest industry data, annual motorcycle sales crossed 1.93 million units for the first time in Pakistan's history during FY2025-26, surpassing the previous record set in FY2020-21. The milestone marks a significant recovery for the industry after two challenging years in FY2022-23 and FY2023-24, when high inflation, expensive financing, and weak purchasing power weighed heavily on sales. The rebound reflects improving consumer confidence and increased demand for affordable personal transportation, as motorcycles continue to...

Pak Suzuki Motor Company has significantly increased the prices of its Fronx hybrid variants after ending a limited-time promotional offer, making the crossover up to Rs. 700,001 more expensive for new buyers. The price revision applies only to the hybrid GLX variants, while prices of the non-hybrid models remain unchanged. According to the company's latest price update, the Suzuki Fronx GLX 6A/T Mono Tone now costs Rs. 7,000,000, compared to its previous promotional price of Rs. 6,299,999, reflecting an increase of Rs. 700,001. Similarly, the Fronx GLX 6A/T Two Tone has seen its price rise from Rs. 6,374,999 to Rs. 7,075,000, also an increase of Rs. 700,001. Pak Suzuki clarified that the earlier prices were offered as part of a limited-time promotional discount, which has now exp...

The All Pakistan Petrol Pumps Association has announced an indefinite nationwide shutdown of petrol pumps starting 12:00 am on Wednesday night, following the collapse of negotiations with the Ministry of Petroleum over the government's newly approved daily fuel pricing system. In a video statement, the association's Secretary General Nauman Ali Butt said talks with the Petroleum Ministry had failed and accused the government of ignoring the concerns of petrol pump owners. He said the association "completely rejects" the proposed daily petroleum pricing mechanism, arguing that changing fuel prices daily is impractical for dealers and will create operational and financial challenges for filling stations nationwide. Following the unsuccessful negotiations, Butt announced that petrol ...

Petrol, Diesel, Kerosene Prices Increased in Pakistan The federal government has announced another increase in petroleum product prices, raising the rates of petrol, high-speed diesel (HSD), and kerosene just hours before a nationwide petrol pump strike is expected to begin. According to a notification issued by the government, the price of petrol has been increased by Rs. 4.93 per litre, taking the new price to Rs. 320.73 per litre. High-speed diesel (HSD) has become Rs. 7.15 per litre more expensive, with the revised price set at Rs. 367.21 per litre. The government has also raised the price of kerosene oil by Rs. 6.78 per litre, bringing its new retail price to Rs. 289.37 per litre. The revised prices came into effect on July 22 and are expected to increase transportation an...

Global oil prices climbed above $90 per barrel on Monday as escalating military tensions between the United States and Iran raised fresh concerns over disruptions to oil shipments through the Strait of Hormuz, one of the world's most critical energy transit routes. Brent crude rose 2.37% to $90.19 per barrel, its highest level since June 11, after posting a massive 15.9% weekly gain—the strongest since April. Meanwhile, US West Texas Intermediate (WTI) crude climbed 2.07% to $84.20 per barrel, marking its highest level since June 12 after surging 15.5% last week. The rally comes as the Middle East conflict intensified over the weekend. The United States reportedly carried out a ninth consecutive night of strikes against Iran, while regional allies Kuwait and Bahrain also reported fre...

The European Union has imposed a record €550 million ($640 million) fine on Chinese e-commerce platform AliExpress, accusing the company of failing to prevent the sale of counterfeit, illegal, and unsafe products to consumers across the bloc. The penalty follows an extensive investigation by the European Commission, which found that AliExpress did not take sufficient steps to identify, assess, and reduce the risks posed by fake and potentially dangerous goods listed on its marketplace. Regulators said the platform's existing systems for detecting illegal products and monitoring sellers were inadequate, exposing millions of consumers to safety risks. The action is one of the largest enforcement measures taken under the EU's Digital Services Act (DSA), landmark legislation designed to ...

Mega Motor Company (MMC), BYD's official partner in Pakistan, has received a Roll-on/Roll-off (RoRo) vessel carrying more than 2,000 BYD New Energy Vehicles (NEVs) at Karachi Port, marking one of the largest consignments of BYD vehicles to arrive in the country to date. The shipment underscores the rapid growth of Pakistan's electric vehicle market as consumers increasingly embrace NEVs for their lower operating costs, advanced technology, and environmental benefits. According to MMC, the larger shipment reflects rising demand for BYD vehicles and reinforces the company's commitment to making electric mobility more accessible while supporting Pakistan's transition to cleaner transportation. Danish Khaliq, Vice President – Sales & Strategy at BYD Pakistan-MMC, said the mileston...