Business

Pakistan grapples with soaring fuel prices, prompting free public transport in Islamabad and Punjab for 30 days. Despite a revised petrol price, public anger persists. The government aims to ease economic burdens amid global energy disruptions and IMF pressure, with similar measures seen in Karachi and Bangladesh.

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Pakistan is set to repay a $2 billion loan to the UAE by month’s end, a request reportedly linked to the Middle East’s recent geopolitical shifts. The funds, held by the State Bank of Pakistan, were initially for balance of payment support. While Pakistan can meet this repayment, it may require further external financing for