Friday, June 26, 2026
40.5 C
New Delhi

Breaking News: Pakistan faces severe oil crisis, govt cuts salaries and limits operations

Pakistan is facing a severe crisis as global oil supply disruptions, fueled by ongoing Gulf conflicts, hit the country hard. In response to skyrocketing fuel prices, the government led by Prime Minister Shehbaz Sharif has announced drastic cost-cutting measures. Federal ministers’ salaries have been suspended for three months, while lawmakers’ pay has been reduced by 25%. Non-essential government spending has been curtailed, including a freeze on new vehicles and furniture purchases. The shortage has forced offices to operate only four days a week, and 50% of government employees will work from home. Schools and colleges will remain closed for two weeks, and official events such as Iftar gatherings have been canceled. Fuel prices have surged sharply, with petrol reaching approximately PKR 336 per liter and diesel at PKR 321, triggering long queues and public distress. The rising oil costs are having a ripple effect across the economy, driving up the prices of essential commodities such as milk, now expected to reach PKR 320 per liter. The government has imposed additional restrictions on vehicle usage, with 60% of official cars grounded and the remaining operating at limited capacity. Citizens are struggling with shortages, inflation, and uncertainty over daily essentials, while authorities scramble to stabilize the situation during the holy month of Ramadan. The crisis underscores Pakistan’s vulnerability to international energy fluctuations and highlights the severe social and economic consequences of regional conflicts.

 

Go to Source

Hot this week

Illegal immigrant in US sentenced to 8 years for helping businesses hire undocumented workers

Mario Flores conspired with his lover and others to set up shell companies in Orlando, Florida A Honduran national living US illegally has been sentenced to eight years in prison for his role in a multimillion-dollar payroll tax fra Read More

From office towers to open skies: How India’s digital nomads are changing the way we work

India ranks 11th globally in digital nomad population For generations, the economic narrative of modern India was written in one direction: a relentless, exhausting migration from rural villages to hyper-urban hubs. Read More

Small Genetic Mutation Can Change How SARS-CoV-2 Behaves: Study

Show Quick Read Key points generated by AI, verified by newsroom Identifying these genetic changes strengthens future pandemic preparedness efforts. Read More

Neuroscience Driven Footwear: Can Sensory Stimulation Improve Focus?

Show Quick Read Key points generated by AI, verified by newsroom These passive neuro-wearables require independent scientific validation. Read More

Khushbu shares first wedding pictures of Avantika-Shravan

Khushbu Sundar shares first wedding pictures of daughter Avantika Sundar and Shravan Sreenivasan (Image credits: Instagram) Actor-politician Khushbu Sundar’s family has a new reason to celebrate. Read More

Topics

Illegal immigrant in US sentenced to 8 years for helping businesses hire undocumented workers

Mario Flores conspired with his lover and others to set up shell companies in Orlando, Florida A Honduran national living US illegally has been sentenced to eight years in prison for his role in a multimillion-dollar payroll tax fra Read More

From office towers to open skies: How India’s digital nomads are changing the way we work

India ranks 11th globally in digital nomad population For generations, the economic narrative of modern India was written in one direction: a relentless, exhausting migration from rural villages to hyper-urban hubs. Read More

Small Genetic Mutation Can Change How SARS-CoV-2 Behaves: Study

Show Quick Read Key points generated by AI, verified by newsroom Identifying these genetic changes strengthens future pandemic preparedness efforts. Read More

Neuroscience Driven Footwear: Can Sensory Stimulation Improve Focus?

Show Quick Read Key points generated by AI, verified by newsroom These passive neuro-wearables require independent scientific validation. Read More

Khushbu shares first wedding pictures of Avantika-Shravan

Khushbu Sundar shares first wedding pictures of daughter Avantika Sundar and Shravan Sreenivasan (Image credits: Instagram) Actor-politician Khushbu Sundar’s family has a new reason to celebrate. Read More

Sanjay Gupta lauds Aditya’s conviction for four years for making Dhurandhar: ‘No shortcuts’

‘Dhurandhar’ and ‘Dhurandhar: The Revenge’ have changed the perspective towards Hindi cinema. Read More

Rs 79.84 Lakh Recovered: Police Make Explosive Claims In Ram Temple Donation Theft Case

Show Quick Read Key points generated by AI, verified by newsroom Eight accused produced in court for Ram Temple theft. CCTV footage confirms accused stole temple cash, jewellery. Police recovered ₹79.84 lakh, found key access issues. Read More

‘By mistake crossed the US-Canada border’: Indian man says friend detained by CBP, family members getting worried

Indian man claims his friend, by mistake, crossed to the Canadian side of the Niagara Falls and got detained by CBP on the US border. Read More

Related Articles