ISLAMABAD: Pakistan has slashed the price of petrol for the next fortnight by Rs6.17 [$0.022] per liter to Rs269.43 [$0.97] per liter, the country’s finance division confirmed on Wednesday.
In a notification, the finance division announced it has also decreased the price of high speed diesel by Rs10.86 [$0.039] per liter to bring it to Rs272.77 [$0.98] per liter.
“The Oil & Gas Regulatory Authority (OGRA) has worked out the consumer prices of Petroleum Products, based on the price variations in the international market,” the notification read.
Pakistan increased the prices of petroleum products by Rs9.99 [$0.036] and high speed diesel by Rs6.18 [$0.022] per liter on June 30.
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The fuel prices had been increased after Pakistan and the International Monetary Fund reached an agreement for a $7 billion, 37-month loan program that comes with tough measures.
The latest decrease will be a slight relief for the masses in a country where petroleum and electricity prices have been the key drivers of high inflation.
Petrol is mostly used in private transport, small vehicles, rickshaws and two-wheelers while any increase in the price of diesel is considered highly inflationary as it is mostly used to power heavy transport vehicles and particularly adds to the prices of vegetables and other eatables.
KARACHI: An IMF team visiting Pakistan to undertake a Governance and Corruption Diagnostic Assessment (GCDA) will conclude its mission today, Monday, an official with direct knowledge of the review said.
IMF staff reached a deal with Pakistan for a new $1.3 billion arrangement last month and also agreed on the first review of the ongoing 37-month bailout program. Pending board approval, Pakistan can unlock the $1.3 billion under a new climate resilience loan program spanning 28 months. The IMF will also release $1 billion for the South Asian nation under its $7 billion bailout program, which would bring those disbursements to $2 billion.
“Following a scoping mission in February, an IMF team is in Pakistan until April 14 [Monday] to undertake a Governance and Corruption Diagnostic Assessment (GCDA),” an official privy to the negotiations told Arab News, requesting anonymity as he was not authorized to speak to the media. “A press release will be issued at the conclusion of the mission.”
The IMF bailout program, secured mid-year in 2024, has played a key role in stabilizing Pakistan’s economy and the government has said the country is on course for a long-term recovery.
The GCDA is a detailed assessment tool used by the global lending agency to identify governance vulnerabilities in areas such as fiscal management, financial oversight and the rule of law. It is designed to support targeted reforms to improve transparency, accountability and institutional performance.
The IMF conducted the preliminary phase of the assessment in February at the request of the Pakistani government. Following the visit, it praised the country’s commitment to governance reform. A second review began on Apr. 4.
A separate technical team from the IMF is also scheduled to visit Pakistan this week to hold discussions with senior officials from the Federal Board of Revenue (FBR) regarding taxation proposals for the upcoming budget of 2025-26.
“The visit … will see talks focused on expanding the country’s narrow tax base, with a particular emphasis on bringing retailers and other untaxed sectors into the tax system,” Profit, a top Pakistani business publication, reported last week.
“One of the key issues on the table will be the government’s desire to reduce tax rates for salaried individuals, a move the IMF will likely evaluate as part of broader fiscal discussions.”
A high-powered Pakistani delegation, led by Finance Minister Mohammad Aurangzeb, will participate in the upcoming annual spring meetings of the IMF and World Bank in Washington from April 21-26.
ISLAMABAD: Pakistani Finance Minister Muhammad Aurangzeb has said Islamabad was concerned about new tariffs imposed by the US administration of President Donald Trump but had no intentions of imposing reciprocal taxes, BBC reported on Sunday.
Islamabad would have been slapped with a 29% tariff rate before Trump’s temporary suspension announcement on Wednesday. A 10% blanket duty on almost all US imports will remain in effect, the White House has said.
“There is a minimum tariff of 10% and then there is an additional tariff, I think we need to talk about this issue,” Aurangzeb said in an interview to the BBC.
In response to a question about reciprocal tariffs, he said: “If your question is whether we are going to give any response [to the US] in return, the answer is no.”
“There is a situation of uncertainty, and we all have to think about how to move forward with this new world order,” the finance minister added.
When asked if he felt Pakistan was losing out in the tug-of-war between the US and China, he said Washington had been a “strategic partner” of Pakistan for a long time, not just in trade but also in other sectors, while relations with China were important in their own right.
A study by the Pakistan Institute of Development Economics (PIDE) entitled ‘Impact of Unilateral Tariff Increase by United States on Pakistani Exports’ said this month when added to the existing 8.6% Most Favored Nation (MFN) tariff, the total duty after the imposition of the 29% tariff could reach 37.6%. This would likely result in a 20-25% decline in Pakistani exports to the US, translating into an annual loss of $1.1-1.4 billion, with the textile sector bearing the brunt of the blow.
The textile sector in Pakistan generates about $17 billion in exports and is the largest employer in the country, according to the Pakistan Textile Council. The industry is expected to face significant challenges from the tariffs, with potential losses of up to $2 billion in textile exports estimated by experts if the 29% tariff rate is reinstated after Trump’s 90-day pause ends.
Despite the risks, the PIDE reports also view the tariffs crisis as an “opportunity for strategic transformation.”
In the short term, it recommended that Pakistan engage in high-level diplomatic efforts to highlight the mutual costs of the tariffs and preserve long-standing trade relations. In the long term, it called for the need to diversify both export products and markets, seeing destinations such as the European Union, China, Asean nations, Africa and the Middle East as offering growth potential in sectors like IT, halal food, processed foods and sports goods.
ISLAMABAD: The Pakistan Pavilion is a “global crowd-puller” at the World Expo 2025 that opened in Osaka, Japan, on Sunday, with an official statement saying crowds were lining up to visit “one of the most unique pavilions” on site.
Expo 2025 Osaka was officially inaugurated by Japanese Prime Minister Shigeru Ishiba on Sunday with the theme of life, world and the future, with Tokyo hoping that the event will help restore global unity in a world plagued by conflicts and trade wars. Pakistan’s national pavilion features a design inspired by the country’s iconic salt mines amid a broader effort to promote exports of the globally popular pink salt.
During the six-month event on the reclaimed island and industrial waste burial site of Yumeshima, which means dream island, in the Osaka Bay, the city is hosting some 180 countries, regions and organizations showcasing their futuristic exhibits inside of about 80 pavilions of unique designs.
It is Osaka’s second world expo after the 1970 event that scored a huge success and attracted 64 million visitors — a record until Shanghai in 2010.
“Pakistan offers something refreshingly grounded. Here, visitors don’t just look— they run their hands across majestic pink rock salt formations, feel the textures, and reconnect with nature in a way that’s rare in today’s fast-paced world,” the official Instagram page for the Pakistan Pavilion said.
Aligned with the Expo’s theme, “Designing Future Society for Our Lives,” the Pakistan pavilion “reimagines progress through the lens of harmony with the earth.”
People visit day one of the Pakistan pavilion at the World Expo 2025 in Osaka, Japan, on Aprl 13, 2025. (Pakistan Expo)
The pavilion’s design, inspired by the Khewra Salt Mines in Pakistan’s Punjab province, incorporates a tranquil “salt garden” meant to offer visitors a multi-sensory experience reflecting both the country’s natural beauty and economic potential. The Pakistani salt mines are among the oldest and largest in the world, renowned for producing pink Himalayan salt, which is prized worldwide for its distinctive color and health benefits.
Pakistan also seeks to export more of its products by leveraging platforms such as the Osaka Expo.
Visitors hold ccolored tiles at the Pakistan pavilion during the World Expo 2025 in Osaka, Japan, on Aprl 13, 2025. (Pakistan Expo)
“This pavilion belongs to all of you,” Muhammad Naseer, Project Director of the Pakistan Pavilion, said while addressing the soft launch of the pavilion earlier this month. “Your stories, contributions, and connection to Pakistan are part of this journey.”
“Over the next months, this space will be a place of discovery, dialogue, and celebration, where we invite the world to experience Pakistan’s culture, innovation, and aspirations.”
HASAN ABDAL, Pakistan: For much of the year, Hasan Abdal, a small town about 45 kilometers northwest of Islamabad, remains quiet and uneventful. But this week, its narrow streets have come to life with color and devotion as Sikh pilgrims from India and other countries gather at Gurdwara Panja Sahib in their vibrant turbans and flowing beards to mark Baisakhi, one of the holiest days in the Sikh calendar.
The festival, held every April 14, commemorates the founding of the Khalsa, the Sikh order established by Guru Gobind Singh in 1699, and coincides with the spring harvest.
For many pilgrims, the journey to Pakistan, which is home to some of Sikhism’s most sacred sites, is a once-in-a-lifetime spiritual experience.
“What Makkah and Madinah are for Muslims, Pakistan is for Sikhs,” Sardar Sartook Singh, president of the temple in Hasan Abdal, told Arab News.
“Every year, around 3,000 pilgrims come from India, along with many more from other parts of the world, to Gurdwara Panja Sahib for the Baisakhi celebrations,” he continued. “This year, the Government of Pakistan issued over 6,000 visas to Indian pilgrims. Out of these, around 5,800 have arrived.”
The picture, taken on April 12, 2025, shows the foundation stone of the sacred tank laid by the ninth and last ruling Maharaja of Patiala, Tikka Yadavindra Singh, in 1989 at the Panja Sahib shrine in Hasan Abdal, Pakistan. (AN photo)
In recent years, Pakistan has stepped up efforts to promote religious tourism by providing easy access to historic sites linked to Hinduism, Sikhism and Buddhism.
A key initiative is the Kartarpur Corridor, launched in November 2019, which allows Sikhs from India to visit Gurdwara Darbar Sahib in Kartarpur without a visa. The site holds deep significance as the place where Guru Nanak, the founder of Sikhism, spent his final years.
Sikh devotees take a dip in the holy sarovar at the Gurdwara Panja Sahib during the Baisakhi festival, the annual spring harvest festival, in Hasan Abdal on April 12, 2025. (AN photo)
The temple in Hasan Abdal also holds immense importance. According to legend, Guru Nanak once stopped a boulder, thrown at him by a local saint, with his hand, leaving behind the imprint, or panja, that gives the shrine its name.
Today, the site draws pilgrims from India, the United Kingdom, Canada and beyond, many of whom also visit two other important Gurdwaras of Kartarpur Sahib and Nankana Sahib.
“I had always dreamt of visiting Guru [Nanak] Ji’s shrine,” said 60-year-old Jaranjeet Kaur, who traveled from Patiala in India with her niece. “Seeing it made me happier than the birth of my first child.”
A Sikh devotees worship during the Baisakhi festival at the Panja Sahib shrine in Hasan Abdal, Pakistan, on April 12, 2025. (AN photo)
Her niece Sugdeep Kaur also expressed her emotions about their ongoing journey.
“Since childhood, we heard of the imprint of Guru Nanak’s hand on a boulder with flowing water,” she said. “But witnessing it in person brings immense peace. I’ll return next year with my children from Canada.”
The picture taken on April 12, 2025, shows the carved marble floor of the Panja Sahib shrine in Hasan Abdal, Pakistan. (AN photo)
One of Sikhism’s features is selfless service, or sewa, which is also central to this spiritual gathering. Pilgrims from India and other places can be seen working in the kitchen or helping others. One of them, Sukhpal Kaur, washes dishes with a smile.
“Without sewa, there is no mewa [reward],” she said. “No one has asked us to help, but it’s a blessing to serve.”
A Sikh devotees worship during the Baisakhi festival at the Panja Sahib shrine in Hasan Abdal, Pakistan, on April 12, 2025. (AN photo)
Amarjeet Kaur, another Indian pilgrim from Barnala, said her trip to Pakistan was like a dream come true.
“I used to pray daily to see Baba Guru Nanak’s shrine,” she said. “This year, he has listened. The care shown by Pakistani pilgrims also compelled us to join in sewa.”
The picture taken on April 12, 2025, shows decorated hallway of the Panja Sahib shrine in Hasan Abdal, Pakistan. (AN photo)
Speaking to Arab News, Saifullah Khokhar, additional secretary of shrines at the Evacuee Trust Property Board, said there was a marked increase in the number of Sikh pilgrims every year.
“Religious tourism has grown 72 percent in the past seven months,” he said. “Visitors leave with a changed view of Pakistan, one of hospitality and peace.”
As Sikh pilgrims at the temple chanted hymns, shared meals and bathed in the sacred water at Panja Sahib, their presence transformed the quiet town into a vibrant expression of faith, community and cross-border connection.
“Pakistan is more sacred to Sikhs [living abroad] than to Pakistanis themselves,” Singh, the Gurdwara’s president, said. “Our faith began here. It is our spiritual home.”
ISLAMABAD: Prime Minister Shehbaz Sharif on Sunday called on the Taliban authorities in Kabul to prevent militant groups from using Afghan soil to launch attacks against Pakistan, warning such militant violence threatened regional stability and would not be tolerated.
Speaking to reporters in London after concluding a two-day official visit to Belarus, Sharif reiterated Pakistan had repeatedly urged the Afghan interim government to uphold its commitments under the 2020 Doha Agreement, which called for preventing armed groups from operating on Afghan territory.
“We have always said Afghanistan is a neighboring and brotherly country,” his office quoted him as saying in a statement after the media interaction. “As neighbors, we have to live together — the choice is whether to do so peacefully or through conflict.”
Sharif said Pakistan had sent several messages to Kabul, emphasizing that Afghan soil must not be used for militancy under any circumstances.
“But unfortunately, the TTP [Tehreek-e-Taliban Pakistan], ISKP [Islamic State Khorasan Province] and other terrorist outfits continue to operate from there and have martyred innocent Pakistani civilians,” he added.
The prime minister vowed the sacrifices made by Pakistan’s civilians and armed forces would not go in vain, adding that the Afghan authorities should take immediate action against militant groups.
“My sincere advice to Afghanistan is to rein in these terrorist organizations at once and not allow them to use Afghan land under any circumstances,” he said.
Tensions between Islamabad and Kabul have risen in recent years following a surge in militant attacks in Pakistan’s western provinces bordering Afghanistan.
Islamabad blames the TTP, a banned outfit ideologically aligned with the Afghan Taliban, for orchestrating cross-border violence from safe havens inside Afghanistan — a charge the Taliban administration has repeatedly denied.
Amid the bitterness between the two countries, Pakistan has deported hundreds of thousands of undocumented Afghan nationals since late 2023, citing security concerns while prompting criticism from rights groups and calls for dialogue from Kabul.
