Pakistan Announces Austerity Measures Amid Rising Fuel Prices

Pakistan announced austerity measures approved by the cabinet to curb fuel consumption and expenditure for three months amid rising global oil prices.

Fuel allocations for government vehicles will be cut by 50% with exemptions for essential services, while markets must close by 9 p.m.

The development follows the government raising petrol prices by PKR 4.10 per litre and high-speed diesel by PKR 6.41 per litre.