Current Account Posts Surplus of $427m in Feb 2026

Current account surplus Pakistan — Pakistan recorded a current account surplus of $427 million in February 2026, according to data released by the State Bank of Pakistan (SBP). This is the highest surplus recorded since March 2025 — and marks the second consecutive monthly surplus, following a revised $60 million surplus in January 2026, signaling […]

Canada Sheds More Than 100,000 Jobs in First Two Months of Year

The Canada labour market shed more than 100,000 jobs in the first two months of 2026 — a brutal opening to the year that has confirmed economists’ worst fears about the combined impact of US tariffs, consumer confidence collapse, and the spillover effects of the Middle East war on Canadian export industries. Canada labour market […]

Judge Says ‘No Evidence’ to Justify Federal Reserve Probe

A federal judge ruled on March 12, 2026, that there was no evidence to justify a Trump administration investigation into the Federal Reserve — delivering a significant early victory for Federal Reserve Chairman Jerome Powell and reinforcing the legal protections around the US Federal Reserve legal case for central bank independence. The US Federal Reserve […]

Retailers in Islamabad Pass Oil Price Surge on to Consumers

The fuel price impact on consumers Pakistan has become acutely visible in Islamabad’s retail markets — where shopkeepers, transporters, and service providers have already passed the full weight of the government’s Rs55 per litre petrol price increase on to ordinary citizens within days of the hike taking effect. The fuel price impact on consumers Pakistan […]

Fuel Price Hike Adds to Ramazan Inflation Burden

Pakistan’s fuel price hike of Rs55 per litre announced on March 7, 2026, has added a severe new burden to Ramazan households already struggling with rising food and transport costs. The fuel price hike Pakistan pushed petrol to Rs321.17 per litre and High-Speed Diesel to Rs335.86 — one of the largest single fuel price hike […]

Flights Cut, Fares Skyrocket Worldwide Amid Middle East Unrest

Flights cut fares skyrocket across the globe as the Iran war triggers the worst aviation crisis since the COVID-19 pandemic. More than 21,300 flights have been cancelled across seven major Gulf airports since February 28, 2026. Over one million passengers are stranded worldwide as flights cut fares skyrocket alerts hit every major airline simultaneously. With […]

Govt to Keep Check on Undue Inventory Gains by Oil Companies: Aurangzeb

Finance Minister Muhammad Aurangzeb has issued a direct warning against undue inventory gains by oil companies as Pakistan faces a deepening fuel supply crisis. Aurangzeb said the government will strictly monitor oil marketing companies to prevent undue inventory gains by oil companies and enforce a mandatory 20-day minimum inventory requirement across the petroleum sector. The […]

Strategic Oil Reserves on the Table as G7 Meets

Strategic oil reserves moved to the centre of global energy politics on March 9, 2026, as G7 finance and energy ministers held emergency talks after Brent crude surged to $119.50 per barrel. The crisis was triggered by the near-total closure of the Strait of Hormuz, cutting off 20 percent of the world’s daily oil supply. […]

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