Petroleum Minister Ali Pervaiz Malik announced on Thursday that the price of petrol was being raised to Rs458.4 per litre and that of high-speed diesel (HSD) to Rs520.35 per litre. He made the announcement while addressing a press conference alongside Finance Minister Muhammad Aurangzeb. Breakup of the new petrol prices Soon after his announcement, the energy ministry also notified the new prices, with petrol’s price being raised by Rs137.24 per litre and diesel’s by Rs184.49 per litre. The government also increased kerosene prices by Rs34.08 per litre to Rs457.80 per litre. Malik said the new prices would be effective from Friday. The latest hike comes amid a global fuel crisis resulting from the US-Israeli war on Iran, which began on February 28. It was announced around a week after Prime Minister Shehbaz Sharif said he had rejected a third recommendation for an increase of Rs95 per litre in the price of petrol and Rs203 per litre in that of HSD since the war began. Previously, the PM said he had rejected a...
The 34th day of the US-Israel war against Iran unfolded in the immediate aftermath of US President Donald Trump’s speech, which, rather than opening any pathway to de-escalation, appeared to have hardened positions across the conflict spectrum. The remarks triggered swift Iranian retaliation, and reinforced a trajectory of sustained attrition with an increasingly central focus on economic pressure and maritime control. In his speech, Trump declared that US and Israeli objectives were nearing completion, while committing to another two to three weeks of intensified strikes and warning that Iran could be pushed “back to the Stone Age” if it failed to reopen the Strait of Hormuz. Trump’s formulation looked to be a combination of coercive diplomacy and continued military escalation, even as it left ambiguity over the precise end state being sought. The immediate Iranian response underscored the limited deterrent effect of the speech as Iran’s Islamic Revolutionary Guard Corps launched one of its largest single-ni...
US President Donald Trump has removed Attorney General Pam Bondi from her post, a White House official said on Thursday, following mounting frustration with her performance, including her handling of investigative files related to the late financier and sex offender Jeffrey Epstein. Trump had also reportedly grown frustrated that Bondi was not moving quickly enough to prosecute critics and adversaries whom he wanted to face criminal charges. In a social media post, Trump praised Bondi as a “Great American patriot and a loyal friend” and said she will move to a job in the private sector. Trump said Deputy Attorney General Todd Blanche, his former personal lawyer, will lead the Justice Department in the interim. During her tenure as the top US law enforcement official, Bondi was a combative champion of Trump’s agenda and dismantled the Justice Department’s longstanding tradition of independence from the White House in its investigations. But it was repeated criticism over the Epstein files, including from Trump...