ISLAMABAD: The government announced a reduction in the petrol price in Pakistan by Rs5.45 per liter on Tuesday night, bringing the overall rate down to Rs288.49 for the next 15 days following a recommendation of the Oil and Gas Regulatory Authority (OGRA).
Pakistan typically adjusts petroleum prices on a fortnightly basis, taking into account fluctuations in the international energy market and the rupee-dollar exchange rate.
According to an official notification, the diesel price has also seen a downward revision of Rs8.42 per liter, setting it at Rs281.96.
“The prices of Petroleum products have seen a decreasing trend in the international market during the last fortnight,” the notification announced. “The Oil & Gas Regulatory Authority (OGRA) has worked out the consumer prices, based on the price variations in the international market. The prices of Motor Spirit [petrol] & HSD [high-speed diesel] for the next fortnight, starting from 1st May, 2024, are accordingly being lowered.”
Earlier, the government increased the petrol and diesel prices by Rs4.5 and Rs8.1 per liter, respectively, on April 15.
Pakistan significantly increased fuel prices after securing a short-term, $3 billion loan from the International Monetary Fund (IMF) last year.
The rising rates also led to spiraling inflation in the country, though the government started offering relief to the people by gradually bringing down the petroleum prices.
Pakistan is in the process of securing yet another IMF loan which is expected to be bigger in terms of size and duration.
Pakistan reduces petrol and diesel prices amid favorable global energy market conditions
https://arab.news/ntk7q
Pakistan reduces petrol and diesel prices amid favorable global energy market conditions
- The government has announced to bring down the petrol and diesel prices by Rs5.45 and Rs8.42 respectively
- Rising fuel cost in Pakistan led to inflationary pressure in economy, though things are said to be improving
Islamic military coalition, Pakistan to deepen cooperation to combat ‘terrorism’ — Pakistani military
- Islamic Military Counter Terrorism Coalition is a 43-member alliance that includes Pakistan, Saudi Arabia, Egypt, Jordan, UAE and other nations
- The Pakistani military statement comes after a meeting between IMCTC secretary-general and the chief of Pakistani defense forces in Rawalpindi
ISLAMABAD: Pakistan and the Islamic Military Counter Terrorism Coalition (IMCTC) have reaffirmed their commitment to deepening cooperation, including intelligence sharing and capacity building, to jointly combat “terrorism” and “extremism,” the Pakistani military said on Monday.
The IMCTC is a 43-member military alliance that was formed on Saudi Arabia’s initiative in Dec. 2015 to consolidate Muslim countries’ efforts in countering “terrorism.”
A 17-member IMCTC delegation is visiting Pakistan from Feb. 2-6 to conduct a training at National University of Sciences and Technology on “Re-integration and Rehabilitation of Extremist Elements,” according to the Pakistani military.
On Monday, IMCTC Secretary-General Maj. Gen. Mohammed bin Saeed Al-Moghedi held a meeting with Chief of Pakistani Defense Forces Field Marshal Asim Munir to discuss cooperation among IMCTC member states.
“During the meeting, matters of mutual interest were discussed, with particular emphasis on regional security dynamics and enhanced cooperation in counter-terrorism efforts,” the Inter-Services Public Relations (ISPR), the Pakistani military’s media wing, said in a statement.
“Both sides reaffirmed their shared commitment to combating terrorism and extremism through collaborative strategies, intelligence sharing, and capacity building among member states.”
The IMCTC features Pakistan, Saudi Arabia, Türkiye, Afghanistan, Egypt, Jordan, Qatar, Palestine, UAE, Bangladesh and other nations. In 2017, Pakistan’s former army chief Gen. (retd) Raheel Sharif was appointed as the IMCTC commander-in-chief.
During discussions with Major General Al-Moghedi, Field Marshal Munir appreciated the role of IMCTC in fostering stability and promoting coordinated counterterrorism initiatives across the Islamic world, according to the ISPR.
The IMCTC secretary-general acknowledged Pakistan’s significant contributions and sacrifices in the fight against militancy and lauded the professionalism of Pakistan’s armed forces.
“The meeting underscored the resolve of both sides to further strengthen institutional collaboration for peace, stability, and security in the region,” the ISPR added.
Pakistan enjoys cordial ties with most Muslim countries around the world, particularly Gulf Cooperation Council countries. In Sept. 2025, Pakistan signed a landmark defense pact with Saudi Arabia according to which an act of aggression against one country will be treated as an act of aggression against both.
