A sharp rise in global oil prices has intensified Pakistan’s economic woes, exacerbating inflation and widening the trade deficit. The surge threatens to destabilize the already fragile economy amid ongoing fiscal challenges.

Best Asian Daily Information Website

A sharp rise in global oil prices has intensified Pakistan’s economic woes, exacerbating inflation and widening the trade deficit. The surge threatens to destabilize the already fragile economy amid ongoing fiscal challenges.

Pakistan’s petrol price surged by PKR 55 per litre, now retailing at PKR 321.17. Diesel also increased, reaching PKR 335.86 per litre, pushing fuel costs to new highs, reports The Economic Times.

Digital payments now make up an impressive 88% of retail transactions in Pakistan, reveals CoinGeek. This remarkable surge showcases the nation’s swift move towards a cashless economy and the booming embrace of digital financial services