Pakistan may resort to fuel rationing at petrol pumps if the US-Iran conflict escalates, finance minister Muhammad Aurangzeb warned. While currently managing demand through price adjustments and targeted subsidies, the government acknowledges this approach’s limits. Disruptions to oil flows via the Strait of Hormuz, crucial for Pakistan’s imports, have already caused significant price hikes and
Positive inflation rate in March 2026 was mainly due to higher prices of crude petroleum and natural gas, manufactured products, non-food articles, basic metals and food items.
The agreement had originally been expected to be signed in March, but developments in the Donald Trump tariff regime following a ruling by the Supreme Court of the United States have changed the circumstances.
The Delhi High Court examined the impugned order and the reasons furnished by the petitioner and found no merit in the challenge. The Court specifically rejected the submissions that the petitioner’s lack of awareness of tax laws or his alleged illiteracy could justify the delay. It held that such a plea was not tenable in
A key pillar of what is being described as Atmanirbhar 2.0 involves expanding capacity in green energy, nuclear power and thermal generation to lessen dependence on imported oil and gas.
Stock market today: Sensex and Nifty50 rallied strongly in trade on Wednesday after optimism surrounding renewed US-Iran peace talks led oil prices to drop. While Nifty50 went above 24,200, BSE Sensex rose over 1,200 points.
Trump is attempting to rebuild his tariff regime using alternative legal avenues after the court ruled that his earlier reliance on emergency powers to impose duties was unconstitutional.
Oil prices dipped for a second day as hopes for US-Iran talks eased supply worries. Brent crude futures fell to $94.27, and WTI to $90.24, though later saw a slight uptick. Diplomatic signals suggest negotiations might restart, potentially impacting flows through the Strait of Hormuz.
