World Asia Business

Pakistan Faces Record Fuel Hikes

Pakistan Faces Record Fuel Hikes

The Pakistani government announced the steep hikes as global oil supplies tighten and shipping costs skyrocket due to the Middle East conflict.

Citizens are grappling with the sudden financial burden, which is expected to drive up inflation and the cost of essential goods.

Authorities have implemented spending curbs and shorter hours for some businesses to conserve energy.

The crisis underscores the vulnerability of nations heavily dependent on Middle Eastern oil imports during regional instability.