Wednesday, May 6, 2026
26.1 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

What pushed Australia to reportedly cancel Sneako’s visa? streamer responds with bold clarification

What pushed Australia to reportedly cancel Sneako’s visa? Read More

Hantavirus-hit cruise ship leaves Cape Verde after three evacuated

A British man is among three evacuees sent to the Netherlands after displaying symptoms while aboard the MV Hondius. Read More

Tamil Nadu results: AIADMK shuts door on TVK over ‘prolonged silence’

EPS CHENNAI: AIADMK led by Edappadi K Palaniswami was ready to extend unconditional support to TVK to help it form the govt, and discussions were underway between the two sides. Read More

Suvendu terms aide’s killing ‘cold-blooded murder’, says murderers conducted recce before attack

Kolkata, May 7 (PTI): BJP leader Suvendu Adhikari on Thursday described the gunning down of his close aide Chandranath Rath as a “cold-blooded murder” and alleged that the killers had carried out reconnaissance before executing the attac Read More

Topics

Hantavirus-hit cruise ship leaves Cape Verde after three evacuated

A British man is among three evacuees sent to the Netherlands after displaying symptoms while aboard the MV Hondius. Read More

Tamil Nadu results: AIADMK shuts door on TVK over ‘prolonged silence’

EPS CHENNAI: AIADMK led by Edappadi K Palaniswami was ready to extend unconditional support to TVK to help it form the govt, and discussions were underway between the two sides. Read More

Suvendu terms aide’s killing ‘cold-blooded murder’, says murderers conducted recce before attack

Kolkata, May 7 (PTI): BJP leader Suvendu Adhikari on Thursday described the gunning down of his close aide Chandranath Rath as a “cold-blooded murder” and alleged that the killers had carried out reconnaissance before executing the attac Read More

Clavicular charged in shocking Everglades shooting stream, faces up to 1 year in jail

Image/Instagram Kick streamer Clavicular, whose real name is Braden Eric Peters, is now in serious legal trouble after a viral livestream shocked viewers online. Read More

‘Comparing H-1B workers…’: Row over claim visa holders are less than 0.5% of US jobs

A social media post by US entrepreneur James Blunt claiming that H-1B visa holders make up less than 0.5% of the American workforce has triggered an online debate over immigration, tech jobs and data interpretation. Read More

Ted Turner and legacy of WCW: How he revolutionized wrestling, created nWo, and challenged Vince McMahon

FILE – Atlanta Braves owner Ted Turner watches his team in action against the St. Louis Cardinals during the first National League Championship game, Oct. 6, 1982, St. Louis. Read More

Related Articles