Business

Iran-US confrontation hits Pakistan’s exports to the Middle East hard

Published

4 months ago

June 3, 2026

Bilal

— The current Iran-US war has not only rattled the global energy markets and the international economy, but has also severely harmed Pakistan’s trade with shipments to Middle Eastern countries nosediving by as much as 70 percent.

Official documents obtained by Dunya News revealed that Pakistan had a substantial fall in exports in March and April. Exports to Gulf Cooperation Council (GCC) countries plummeted about 70 percent in March alone, from more than $315.1 million in March 2025 to $95.4 million in the same month in 2026.

The downturn continued in April albeit at a reduced pace, with shipments to GCC countries falling by more than 23 percent. April 2025 saw Pakistan send commodities worth $200 million to the region, while in April 2026, it exported goods worth $152.4 million.

The GCC bloc includes the United Arab Emirates, Bahrain, Oman, Saudi Arabia, Kuwait and Qatar.

March saw the UAE suffer the biggest loss in exports among member states, down 74 percent. Exports to Saudi Arabia decreased 56 percent, to Qatar by 64 percent and to Oman by 85 percent. While shipments to Kuwait fell 21 percent, with Bahrain recording a drop of 85 percent.

The violence has affected sea and air transport lines and raised prices for shipping and logistics, the Ministry of Commerce said. This has impacted the UAE hard because of the breakdown in its logistical network.

Pakistan is significantly reliant on the UAE’s Jebel Ali Port for regional trade, with approximately 80 percent of its trade with GCC countries moving through the key transit centre.

Trade experts worry that prolonged instability in the region could result in higher shipping insurance prices, slower flow of cargo and a further burden on Pakistani exporters already suffering rising production and transportation charges.

Analysts also see wider economic implications for Pakistan in case of lingering tensions, including pressure on foreign exchange earnings and trade balances, as the Middle East is a major destination for Pakistani exports and a key source of economic activity linked to overseas workers and regional trade.

Business

Jet fuel price rises by Rs9.05 per litre in Pakistan

Published

20 hours ago

October 4, 2026

Bilal

Jet fuel prices have once again increased in the country, along with the price of kerosene oil.

The price of jet fuel has been increased by Rs9.05 per litre, while kerosene oil has become Rs7.68 per litre more expensive.

Following the increase, the new price of jet fuel has been fixed at Rs355.52 per litre, while kerosene oil will now cost Rs329.54 per litre.

Meanwhile, according to a notification issued by the Petroleum Division, the price of petrol has also been increased by Rs2.10 per litre, taking its new price to Rs392.76 per litre.

Business

Govt sets deadline of 20th Oct for pilgrims to pay 2nd Hajj installment

Published

20 hours ago

October 4, 2026

Bilal

The religious affairs ministry stated late Friday that the federal government has fixed October 20 as the deadline for intending pilgrims selected under the government Hajj system to deposit the second installment of their pilgrimage dues.

ISLAMABAD: Pakistan has set aside 107,526 slots for the government plan, including 30,000 for a shorter package, and another 71,696 slots have been granted to the private scheme for next year’s Hajj.

The country on Aug. 25 completed online booking of all tickets in the government Hajj scheme, the first time the whole quota has been filled through a digital reservation system.

The ministry of religious affairs said in a statement on Friday that the applications of pilgrims for next year’s Hajj will be cancelled if they did not pay by the deadline.

“The dates for depositing the second installment of dues for Hajj pilgrims under the government scheme have been fixed from 5 October to 20 October, 2026,” the ministry said.

“If the second installment is not deposited within the deadline, then the Ministry said the pilgrim’s application will be cancelled and the amount deposited earlier will be refunded to the pilgrim’s account,” the Ministry said.

Under the government arrangement, pilgrims can pay the second payment of Hajj dues through the ‘Pak Hajj App’ or digital Hajj site within the stipulated deadline.

The government said that submitting the Hajj medical fitness certificate on the ‘Pak Hajj’ app or the digital Hajj portal was essential before depositing the second installment.

This year the government announced that pilgrims will pay Rs1.2 million ($4,334) for a 40-day Hajj package and Rs1.3 million ($4,695) for a shorter, 20- to 25-day package under the government system.

The first installment of dues for seats under the shorter government package was paid within 24 hours of the process starting on Aug 18 and the rest of the seats under the plan were booked by Aug 25.

Business

Petrol price goes up by Rs2.10, diesel by 30 paisa a liter:

Published

2 days ago

October 3, 2026

Bilal

– Petrol and diesel prices have been increased once again under the latest fuel-price revision.

The revised prices will take effect from October 3, 2026.

According to a notification issued by the Petroleum Division, the price of petrol has been increased by Rs2.10 per litre. Following the latest increase, petrol will now cost Rs392.76 per litre.

The price of high-speed diesel has also been raised by 30 paisa per litre, taking its new rate to Rs399.64 per litre.

The Petroleum Division said the announced rates are linked to movements in international petrol and diesel prices.

According to the notification, changes in the global market, Platts rates, premiums and other associated costs were taken into account when determining the revised prices.