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Pakistan expects Turkish Petroleum seismic vessels to arrive in the autumn as both countries advance a new phase of offshore oil and gas exploration.

The government and Jamaat-i-Islami have agreed to form committees to review the petroleum levy and recommend public relief measures.

Pakistan collected a record Rs1.567 trillion through the petroleum levy in FY26 as lower interest costs and provincial surpluses reduced the fiscal deficit.

LAHORE: Jamaat-i-Islami Pakistan (JI) Emir Hafiz Naeemur Rehman on Thursday announced peaceful sit-ins against the petroleum levy at 510 locations across the country on Friday, warning that the protests would transform into a movement to ov

Pakistan's decision to raise petroleum dealers' margins has eased the immediate threat of a nationwide strike, but it keeps the larger fuel-cost debate alive.

On 26 August 2026, petrol in Pakistan costs Rs343.10 a litre and high-speed diesel Rs371.80. Those rates come from a Petroleum Division notification, and they are valid until 27 August — one day.

Petrol pump owners in Pakistan have announced a nationwide strike starting Wednesday night after talks with the government over a daily petroleum pricing mechanism ended without agreement, according to a monitored

Petroleum dealers have withdrawn a nationwide strike call after Pakistan approved a revised per-litre margin, easing immediate supply concerns.

Pakistan's petroleum prices climbed again this week, with the government raising petrol by Rs1.63 per litre and high-speed diesel (HSD) by Rs1.55 per litre, effective from July 29. The increase takes petrol to Rs335.81

Pakistan and Turkiye are moving beyond traditional friendship in 2026, with defence cooperation, trade goals and regional diplomacy giving the relationship a sharper strategic shape.

Ishaq Dar has discussed implementation of the Makkah defence framework with his Saudi and Turkish counterparts following the alliance committee's first meeting.

PPP has held back support for two natural gas revenue bills as coalition grievances spill into the petroleum committee's legislative work.

Turkish Foreign Minister Hakan Fidan has invited Pakistan's Deputy Prime Minister and Foreign Minister Ishaq Dar to attend the upcoming Regional 4 foreign ministers' meeting in Istanbul, bringing Pakistan, Turkiye

Petrol fell by 12 paisas to Rs336.03 per litre and high-speed diesel by 66 paisas to Rs392.38 under Pakistan's short-cycle fuel pricing system.

Pakistan reduced petrol by Rs0.50 to Rs342.60 per litre and high-speed diesel by Rs0.19 to Rs371.61 under its daily pricing system for August 28.

body { margin: 0; padding: 0; font-family: system-ui, -apple-system, sans-serif; overflow-wrap: anywhere; } Pakistan fuel prices, 2026 Official ex-depot prices (PKR/litre) — OGRA & Ministry of Energy notifications Petrol (MS-92) Diesel (HSD

Erdogan says Egypt could be considered for a wider Turkiye-Saudi-Pakistan defence pact, raising the stakes for regional security coordination.

Rescuers saved 242 people after the Filo Jet sank off Kyrenia, while investigators examine how the passenger ferry capsized with 267 people aboard.

The Strait of Hormuz crisis is becoming an economic warning for Pakistan as fuel imports, LNG supplies, freight costs and inflation risks converge.

Pakistan, Saudi Arabia and Turkiye on Friday signed the “Makkah Joint Defence Agreement” aimed at strengthening collective deterrence against any act of aggression, the Foreign Office (FO) said. Prime Minister Shehbaz Sharif, Saudi Crown Pr

Turkiye used an extraordinary OIC meeting in Jeddah to press for a durable Gaza ceasefire, uninterrupted aid and stronger protection of Palestinian rights.

The Makkah Defence Pact gives Pakistan, Saudi Arabia and Turkiye a new collective-security framework, but its real test will be implementation.

A Saudi business delegation has held talks with Pakistan's SIFC on investment opportunities spanning energy, transport, industry and communications.

Oil prices moved higher as U.S.-Iran diplomacy stalled and reduced traffic through the Strait of Hormuz renewed concern about global energy supplies.