ISLAMABAD: Prime Minister Shehbaz Sharif announced on Saturday the government will maintain current petroleum product prices for the another fortnight and utilize the resulting fiscal space to implement a reduction in electricity tariffs, aiming to provide relief to consumers.

Fuel prices in Pakistan are adjusted fortnightly, reflecting global energy market fluctuations and the rupee-dollar exchange rate, to pass on the net effect to consumers.

Since fuel is a key input for thermal power generation, keeping petroleum prices unchanged can create fiscal space for the government to lower electricity tariffs and making it more affordable for consumers.

“We have decided to maintain petroleum prices at their previous levels and transfer the entire financial advantage to the public through reduced electricity tariffs,” the prime minister said in a statement released by his office.

“This measure, among many others, will lead to a meaningful decrease in electricity rates.”

Sharif also said that a comprehensive and effective strategy was being finalized to reduce electricity charges, with details to be announced in the coming weeks.

“Since assuming office, we pledged to prioritize public relief,” he said. “This relief will not only lower electricity prices but also have an overall impact on inflation, leading to a further decline.”

Both fuel prices and electricity tariffs are sensitive issues in Pakistan, which experienced an inflation rate hitting about 38 percent in 2023.

Subsequent stringent monetary policies have significantly reduced inflation, with the latest figures indicating a drop to 1.5 percent in February, marking a nine-year low.

PESHAWAR: A blast on the outskirts of the northwestern Pakistani city of Peshawar on Saturday killed local cleric Mufti Munir Shakir, founder of the banned militant outfit Lashkar-e-Islam, a hospital official confirmed after Shakir was rushed there in an injured state following the explosion.
Established in 2004, Lashkar-e-Islam initially focused on enforcing a strict interpretation of Islam before establishing a parallel governance system in parts of the Khyber district between 2008 and 2014.
Its members frequently clashed with Pakistani security forces, contributing to the broader insurgency in the tribal region, which was later merged with Khyber Pakhtunkhwa province.
“Mufti Munir Shakir ... was brought into the [Lady Reading] hospital in a critical condition with three other wounded people in the blast,” Muhammad Asim, the spokesperson of the medical facility, said in a statement. “Unfortunately, Mufti Munir Shakir embraced martyrdom at the hospital. Right now, we are in the process of handing over his dead body to his relatives.”
Speaking to Arab News, Noor Muhammad, the Station House Officer of the area where the attack occurred, said the blast took place outside a mosque and specifically targeted Shakir.
“The moment Mufti Munir Shakir was entering the mosque at around 5 PM the blast took place, leaving four persons wounded,” he said. “It was a planted bomb.”
No group has so far claimed responsibility for the attack.
Khyber Pakhtunkhwa has experienced a surge in militant violence, with frequent attacks targeting security forces and civilians.
The region has mostly been targeted by the proscribed Tehreek-e-Taliban Pakistan (TTP), whose leadership is reportedly based in neighboring Afghanistan.
Pakistan has frequently accused the interim Afghan Taliban administration of sheltering these militants and facilitating their cross-border attacks in its border region, an allegation denied by Kabul.
Last month, a prominent religious cleric, Maulana Hamid-ul-Haq, lost his life in a massive suicide bombing at the Darul Uloom Haqqania seminary in Akora Khattak that killed at least six other individuals.
The seminary has earned a reputation for producing several Afghan Taliban leaders, prompting the administration in Kabul to condemn the attack and blame it on the rival Daesh group in the region.
Prior to the explosion that killed Mufti Shakir on Saturday, police officials confirmed that militants launched four coordinated overnight attacks in the province, targeting police stations in two districts, leaving one attacker dead and a police officer injured.
The first three attacks took place in Bannu, a restive district located on the periphery of North Waziristan bordering Afghanistan.
The fourth attack occurred in the adjacent Lakki Marwat district when a group of well-armed militants launched an assault on the Abbasia police station, sparking a fierce gunbattle.
The confrontation resulted in the death of one militant, while others managed to flee the scene.
“During the chase, a police vehicle hit a roadside improvised explosive device, injuring one police official who was transported to a nearby medical facility for treatment,” Shahid Marwat, the spokesperson of the district’s police, told Arab News.
In a statement released earlier in the day, Khyber Pakhtunkhwa’s Police Chief Zulfiqar Hameed also paid tribute to the courage of the police personnel for thwarting successive militant attacks in the two districts.