Pakistan and Bangladesh to Strengthen Agriculture and Livestock Cooperation

Pakistan and Bangladesh have discussed expanding cooperation in agriculture, livestock and fisheries as both countries look to improve food security, strengthen climate resilience and develop more sustainable farming systems.

The discussions took place during a meeting between Federal Minister for National Food Security and Research Rana Tanveer Hussain and Bangladesh’s Minister of Environment, Forest and Climate Change Abdul Awal Mintoo and Minister of State for Fisheries and Livestock Sultan Salauddin Tuku.

The meeting was held on the sidelines of the FAO Global Conference for Actions on One Health in Agrifood Systems in Rome, where officials and experts from different countries gathered to discuss health, food production and agricultural sustainability.

During the meeting, the two sides explored opportunities for greater technical cooperation across several areas of agriculture and livestock development.

Key areas included livestock disease surveillance, antimicrobial resistance, feed and fodder systems and climate-smart livestock production. These areas are becoming increasingly important as countries seek to protect animal health while maintaining reliable food supplies.

Livestock disease surveillance can help authorities identify and respond to outbreaks more quickly. Strong monitoring systems can also support the movement of animals and animal products while reducing risks to farmers, consumers and the wider food chain.

The officials also discussed antimicrobial resistance, a growing international concern linked to the misuse and overuse of antimicrobial medicines. Cooperation in this area can support better disease prevention and encourage responsible approaches to the use of medicines in livestock production.

Feed and fodder systems were another important part of the discussions. Reliable access to quality animal feed is essential for improving livestock productivity, particularly in regions where farmers face challenges related to changing weather conditions, rising input costs and limited resources.

Climate-smart livestock production was also highlighted as both countries face increasing pressure from climate change. Higher temperatures, changing rainfall patterns, water shortages and extreme weather events can affect animal health, feed availability and agricultural productivity.

The two countries also discussed broader cooperation in agriculture, livestock, fisheries, climate adaptation and the One Health approach.

The One Health approach recognizes the links between human health, animal health and the environment. Applying this approach to agrifood systems can help countries address diseases and food-safety risks while promoting more sustainable agricultural practices.

For Pakistan and Bangladesh, closer agricultural cooperation could provide opportunities to exchange technical knowledge, research findings and practical experience.

Both countries have large agricultural sectors and rely heavily on farming, livestock and fisheries for employment, rural livelihoods and food supplies. Improvements in these sectors can therefore have a direct impact on rural communities and national food security.

Climate adaptation is also becoming an important part of agricultural policy in South Asia. Farmers and livestock producers increasingly need production systems that can withstand changing environmental conditions while maintaining productivity.

Technical collaboration between Pakistan and Bangladesh could include knowledge-sharing on disease monitoring, animal nutrition, livestock management, fisheries development and climate-resilient farming techniques.

The meeting also reflects broader efforts to strengthen cooperation between the two countries in areas that directly affect economic development and food security.

As agricultural challenges become more interconnected, cooperation in disease prevention, food safety, animal health and environmental sustainability could help both countries improve the resilience of their agrifood systems.

The discussions in Rome provide a framework for further engagement between Pakistan and Bangladesh, particularly in areas where technical cooperation and shared agricultural experience can contribute to stronger and more sustainable food systems.

Gold Prices Fall for Fifth Straight Day in Pakistan

Gold prices in Pakistan continued their sharp decline on Thursday, marking the fifth consecutive session of losses as local rates followed another drop in international gold prices.

According to rates issued by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold fell by Rs. 5,600 per tola, bringing the latest rate down to Rs. 448,336 per tola.

The decline also affected the 10-gram gold rate. The price of 10 grams of 24-karat gold settled at Rs. 384,375, reflecting a decrease of Rs. 4,801.

The latest fall follows another reduction recorded on Wednesday, when gold lost Rs. 1,800 per tola and closed at Rs. 453,936. The consecutive declines have pushed the local gold market significantly lower from its recent levels.

The movement in Pakistan has largely mirrored the international market, where gold prices also recorded a substantial decline.

International gold prices dropped by $56 per ounce, reaching approximately $4,258 per ounce. The international decline was reflected in domestic bullion rates as traders adjusted prices in line with global market movements.

The continued decline comes after a period of elevated gold prices, during which investors closely monitored global economic conditions, financial markets and geopolitical developments.

Gold is traditionally viewed as a safe-haven asset, meaning demand can increase when investors are concerned about economic or geopolitical uncertainty. However, changes in market expectations can also trigger significant price movements in either direction.

For buyers in Pakistan, the latest reduction means the cost of purchasing gold has become lower compared with the previous day’s rate. However, jewellery prices can differ from official bullion rates because retailers may add making charges, taxes and other costs.

The fall in gold prices was not limited to the yellow metal. Silver also recorded a decline in Pakistan’s local market on Thursday.

According to the latest rates, silver fell by Rs. 171 per tola, settling at Rs. 6,837 per tola. The international silver price also decreased, dropping by $1.71 to around $63.59 per ounce.

The continuing decline in precious-metal prices is likely to remain a key point of interest for investors, jewelers and consumers considering purchases in Pakistan.

Market participants will continue watching international bullion prices as well as currency movements and broader economic developments for clues about the direction of local gold rates.

For now, the latest figures show that Pakistan’s gold market remains under downward pressure, with the 24-karat price falling for the fifth straight day and moving below the Rs. 450,000-per-tola level.

Consumers and investors should keep in mind that gold rates can change during trading periods as international prices and currency conditions shift. The official daily rates released by the relevant industry association provide the reference point for the local market.

Oil Prices Cross $105 as US-Iran Talks Show Little Progress

Global oil prices have climbed back above $105 per barrel as uncertainty over diplomatic efforts to end the US-Iran conflict continues to weigh on energy markets.

Brent crude, the international benchmark, rose above $105 per barrel on Thursday and briefly crossed $106. West Texas Intermediate (WTI), the US benchmark, also moved higher, trading close to $94 per barrel.

The latest increase comes after oil prices had declined earlier in the week when markets responded positively to indications that Iran remained open to diplomacy. Investors had also been watching developments involving Saudi Arabia’s East-West pipeline and the flow of crude through the Strait of Hormuz.

However, expectations of a quick diplomatic breakthrough have weakened. Indirect discussions involving the United States and Iran at the United Nations General Assembly have produced little visible progress, increasing uncertainty over the future of the conflict and regional oil supplies.

Iran has indicated that it remains willing to pursue diplomatic efforts, but Tehran and Washington continue to differ over the conditions required to end the conflict. Among Iran’s stated proposals are lifting the US naval blockade on Iranian ports and reopening the Strait of Hormuz.

The Strait of Hormuz remains one of the world’s most important energy routes. Any prolonged disruption to shipping through the waterway could create additional concerns about global crude supplies and place further upward pressure on oil prices.

Saudi Arabia’s East-West pipeline has provided some relief to the market after its reopening following a drone attack. The pipeline offers an alternative route for transporting crude toward the Red Sea, reducing some of the immediate concerns surrounding supply disruptions.

Despite this additional route, traders remain highly sensitive to developments in the Middle East. The oil market is continuing to price in the possibility that further disruptions could affect production, transportation or exports from the region.

According to Reuters, Brent crude futures were recently up more than 2%, while WTI also recorded a significant increase during Thursday trading. Brent had gained about 5.5% during the week, while WTI was up around 2% at the time of the report.

The renewed rise in crude prices could also have implications for countries that depend heavily on imported petroleum. Pakistan is among the economies that could face additional pressure if international crude prices remain elevated for an extended period.

Higher global oil prices can increase the cost of importing crude and petroleum products. Depending on international prices, exchange-rate movements and domestic pricing decisions, sustained increases can eventually influence petrol and diesel prices in Pakistan.

For consumers, a prolonged rise in crude prices could increase transportation and logistics costs. Higher fuel expenses can also affect businesses that rely heavily on road transportation and may contribute to broader cost pressures across the economy.

The direction of oil prices in the coming days is likely to remain closely linked to developments involving the United States, Iran and the Strait of Hormuz. A credible diplomatic breakthrough could reduce some of the supply-risk premium currently reflected in prices, while further disruption could keep markets under pressure.

For now, traders are closely monitoring diplomatic statements, shipping conditions and crude supply routes as Brent remains above the $105 level and the market assesses the possibility of further price increases.

Government Says Protests Cost Rs. 120 Billion Daily as Container Costs Draw Attention

The federal government has highlighted the economic impact of protests, long marches and road blockades in Pakistan, with Finance Minister Muhammad Aurangzeb stating in a pre-recorded message that such disruptions can cost the country around Rs. 120 billion per day.

The figure has drawn attention to the wider economic consequences of prolonged road closures and disruptions to commercial activity.

According to the government’s position, demonstrations that block major roads can affect transportation, trade, businesses and the movement of goods and people. These disruptions can create costs across multiple sectors of the economy.

The government has therefore emphasized the need to prevent prolonged blockades and minimize interruptions to economic activity during periods of political unrest.

However, the discussion about the financial impact of protests also raises questions about the cost of the measures used to control or restrict movement during demonstrations.

One of the most visible measures used during major protests in Pakistan is the deployment of shipping containers to block roads and access points. Authorities have frequently used containers as temporary barriers at sensitive locations and along important routes.

The financial cost associated with moving, renting, deploying and returning large numbers of containers can vary depending on the duration and scale of a security operation. Additional expenses may also arise from transportation, police deployment and traffic management.

Unlike the government’s stated Rs. 120 billion daily estimate for the broader economic impact of protests and blockades, the specific nationwide cost of deploying containers is a separate calculation.

It is therefore important to distinguish between the estimated economic losses caused by road disruptions and the direct expenses incurred by authorities during security and traffic-control operations.

The impact of protests can extend beyond immediate business activity. Road closures may affect supply chains, fuel deliveries, public transportation, retail businesses and daily commuting.

For companies dependent on timely transportation, even temporary disruptions can result in delays and additional operating costs. Small businesses and daily-wage workers can also be affected when movement through commercial areas is restricted.

At the same time, the cost of managing protests is not limited to containers. Government agencies may incur expenses related to policing, traffic diversions, security arrangements and the restoration of normal traffic after a blockade.

The Rs. 120 billion figure cited by the finance minister therefore represents a broader economic estimate rather than a direct bill issued for protest management.

A clearer assessment of the overall financial impact would require separate data on lost economic activity, transportation disruptions, security expenditure and infrastructure-related costs.

The debate also highlights the importance of transparent calculations when large economic figures are presented publicly. Identifying how an estimate was calculated can help businesses, policymakers and citizens better understand the actual financial consequences of major disruptions.

For Pakistan, where major highways and urban roads serve as important routes for trade and daily transportation, prolonged closures can have consequences well beyond the locations where demonstrations take place.

The government’s warning about the economic cost of protests has consequently opened a wider discussion about both the financial impact of blockades and the expenses involved in maintaining public order during periods of unrest.

Key Motorways and Highways to Remain Closed From Tonight Until Further Notice

Several major motorways and highways in and around Islamabad and northern Punjab are being closed from 11pm on Wednesday, according to an advisory issued by the Islamabad Traffic Police.

The closures affect important routes used for intercity travel, including the M-1 Peshawar Motorway, M-14 CPEC route, E-35 Hazara Motorway and sections of the N-5 GT Road.

The traffic restrictions are scheduled to begin at 11pm and will remain in place until further notice. Motorists planning to travel on these routes have been advised to take the latest traffic situation into account before starting their journeys.

Under the announced arrangements, the M-1 Peshawar Motorway will be closed from the Haroon Bridge. The route is one of the main road connections between Islamabad and Peshawar and is widely used by passenger and commercial traffic.

The M-14 CPEC route will also face restrictions. According to the traffic advisory, the closure will begin from Kani Bridge near Tarap Interchange, within the jurisdiction of Mianwali Police.

Another major route affected by the decision is the E-35 Hazara Motorway. Traffic will be stopped from the Hazara Interlink near Burhan Interchange.

The N-5, commonly known as the GT Road, will also be closed at Attock Khurd. The route is an important road corridor connecting several cities in Punjab and northern areas.

The closures could affect travel plans for commuters, long-distance passengers, transport operators and freight vehicles using these major corridors. Travelers may need to check for alternative routes and updated instructions before departure.

The Islamabad Traffic Police issued the advisory to inform road users about the restrictions and help them plan their journeys accordingly. Since the closures will continue until further notice, motorists should monitor official traffic updates for information about any changes.

Drivers approaching the affected areas are advised to follow instructions from traffic authorities and law enforcement personnel. Road conditions and access arrangements can change depending on developments at the affected locations.

The closure of multiple major routes at the same time could also have an impact on traffic flow on alternative roads. Motorists using diversion routes should allow additional travel time and remain alert for further traffic management measures.

Authorities have not specified a final reopening time in the advisory, meaning travelers should not assume that the affected roads will reopen according to a fixed schedule.

For people traveling from Islamabad toward Peshawar, Hazara, Mianwali, Attock and other connected areas, checking the latest traffic advisory before leaving can help avoid unexpected delays and route disruptions.

Finance Minister Seeks Boeing Support for PIA Fleet Expansion as Pakistan Explores Aircraft Financing

Pakistan is exploring new financing options to expand and modernize the fleet of Pakistan International Airlines (PIA), as the government moves forward with plans aimed at strengthening the national carrier and improving its operational capacity.

Finance Minister Muhammad Aurangzeb discussed the airline’s fleet expansion plans during a meeting with Boeing Global President Dr. Brendan Nelson in New York. The discussions covered aircraft procurement, financing arrangements, delivery timelines and measures to improve PIA’s existing fleet.

A major focus of the meeting was PIA’s plan to acquire new aircraft as part of its broader fleet modernization strategy. Boeing is expected to provide the airline with a revised proposal outlining potential options for supporting the acquisition process.

The discussions also explored ways to secure aircraft delivery slots earlier than currently available schedules. Earlier deliveries could help PIA increase its operational capacity while addressing the challenges associated with an aging or limited fleet.

Another option discussed was the use of interim leasing arrangements. Such arrangements could allow PIA to add aircraft to its fleet while waiting for newly ordered planes to become available.

Financing remains a key issue for PIA as it seeks to expand its fleet. During the meeting, Pakistan also raised the possibility of financing support from the US Export-Import Bank for aircraft acquisitions.

Support from a major export credit institution could potentially provide an additional financing avenue for PIA’s fleet modernization plans. The discussions indicate that Pakistan is examining multiple options rather than relying solely on direct financing for new aircraft.

The meeting also covered the procurement of aircraft engines and spare parts. Reliable access to these components is important for maintaining aircraft availability and minimizing operational disruptions.

Aircraft maintenance was another significant area of discussion between the Pakistani delegation and Boeing. The sides considered issues related to maintenance support as Pakistan looks to improve the reliability and utilization of PIA’s fleet.

The restoration of grounded aircraft was also discussed. Returning inactive planes to service could provide PIA with additional capacity while longer-term fleet expansion plans are being developed.

The fleet discussions come as the Pakistani government continues to pursue changes in the aviation sector. Authorities are also advancing plans to outsource the management of major airports, reflecting broader efforts to improve airport operations and attract private-sector participation.

For PIA, fleet modernization remains closely linked to its ability to expand routes, improve service reliability and strengthen its position in the international aviation market. The availability of suitable aircraft, financing and maintenance support will all play a role in determining how quickly the airline can increase its operational capacity.

Boeing’s commitment to share a revised proposal could provide PIA with further options as the airline evaluates its future aircraft requirements. Discussions over delivery schedules, leasing, financing, engines, spare parts and maintenance suggest that the potential cooperation extends beyond the purchase of aircraft alone.

Pakistan’s engagement with Boeing therefore represents part of a wider effort to address PIA’s fleet requirements through a combination of aircraft procurement, financing arrangements and operational support. Further details are expected as the airline reviews Boeing’s revised proposal and evaluates available financing and delivery options.

SIFC Launches Digital Platform to Streamline Investor Support in Pakistan

The Special Investment Facilitation Council (SIFC) has introduced a centralized digital platform to make it easier for investors to submit queries, raise requests and follow up on their cases.

The system, known as the SIFC Ticketing Hub, provides investors with a single digital channel for communicating their concerns and requests with the relevant authorities.

The platform is designed to bring different stages of investor facilitation into one coordinated digital workflow. This allows requests to move through the relevant process while maintaining a record of their progress.

Under the new system, investors can submit their queries and requests through the digital platform rather than relying on separate channels for different stages of engagement.

Once a request is submitted, its progress can be monitored as it moves through the relevant stages. This creates a more structured process for handling investor-related matters.

The SIFC Ticketing Hub is also intended to support follow-up and coordination between the institutions involved in addressing investor requests. Relevant cases can be directed through appropriate channels depending on the nature of the issue.

Digital tracking can provide greater visibility into the status of individual requests. It can also help relevant officials identify cases that require further action or coordination.

For investors, having a centralized system can simplify the process of raising questions and seeking assistance. Instead of navigating multiple communication channels, users can access a single platform for submitting and tracking requests.

The initiative forms part of broader efforts to use digital technology to improve investor facilitation in Pakistan. Efficient communication and timely handling of investor queries are important elements of an investment support framework.

The platform’s tracking mechanism can also help create a clearer record of interactions between investors and relevant government institutions. Each request can be followed through its subsequent stages rather than being handled as a series of disconnected communications.

The SIFC Ticketing Hub is particularly relevant for investors dealing with multiple government departments or agencies. Coordinating these interactions through a centralized workflow may make it easier to identify which channel is responsible for addressing a particular request.

The system does not simply provide a channel for submitting queries; it also focuses on monitoring their progress. This allows investor cases to remain visible throughout the facilitation process.

As Pakistan continues efforts to attract and facilitate domestic and foreign investment, digital tools such as the SIFC Ticketing Hub can support more organized engagement between investors and government authorities.

The effectiveness of the platform will depend on how efficiently requests are processed, referred and followed up by the relevant institutions. Its centralized structure, however, provides a digital framework for managing investor support from initial submission through subsequent stages.

The SIFC’s move places investor facilitation within a more coordinated digital environment, giving investors a single point through which they can submit requests and monitor their progress.

Pakistan Railways Cuts Fuel Quota for Officers Under Austerity Measures

Pakistan Railways has introduced a series of austerity measures aimed at reducing official expenditure, following directions linked to the government’s broader efforts to control spending.

Under the latest decisions, fuel quotas allocated to officers have been reduced as part of measures intended to limit unnecessary expenses within the railway department.

The Ministry of Railways has also suspended house-building advance loans for officers and employees until December 31. During this period, no new house-building advance will be issued to Pakistan Railways staff.

The decisions form part of a wider effort to implement austerity measures across government institutions. The restrictions are intended to reduce spending and manage available financial resources more carefully.

In another significant decision, the Railways Minister has ordered a ban on foreign official visits by officers and employees. The restriction will prevent railway officials from undertaking foreign trips for official purposes during the applicable period.

The fuel quota reduction is expected to directly affect the official vehicle-related expenses of railway officers. Fuel allocations are among the recurring operational costs associated with government departments, making them a potential area for expenditure control.

The suspension of house-building advance loans represents another financial restriction for Pakistan Railways employees. Staff members seeking such advances will have to wait until the suspension period ends before the facility can be considered again.

Pakistan Railways has been operating under financial and administrative pressures, while the government has continued to emphasize measures designed to improve fiscal discipline across public institutions.

The ban on foreign official visits is also expected to reduce expenses associated with international travel, including transportation and other costs linked to official delegations.

These measures reflect an emphasis on limiting discretionary spending while maintaining essential government operations. The impact of the restrictions will depend on their implementation and the duration for which they remain in place.

The latest decisions come as government departments face increased pressure to manage expenditures and identify areas where costs can be reduced without disrupting essential services.

For Pakistan Railways employees, the suspension of house-building advances and restrictions on official foreign travel represent notable changes in existing administrative arrangements. Meanwhile, the reduction in fuel quotas will affect the use of official transport by officers.

The ministry’s latest steps indicate that austerity remains a key consideration in managing public-sector spending. Further decisions could follow as government departments continue reviewing their operational expenses and financial commitments.

SECP Proposes More Insurance Tribunals and Digital Complaint System in Pakistan

The Securities and Exchange Commission of Pakistan (SECP) has proposed a set of reforms aimed at making the insurance complaint resolution process more accessible, efficient and transparent for policyholders across the country.

The proposed measures include expanding the number of insurance tribunals, improving access to small dispute resolution committees and establishing a centralized digital platform for handling insurance-related complaints.

The recommendations come as the number of insurance complaints continues to highlight pressure on Pakistan’s existing dispute resolution mechanisms.

According to an SECP report, a total of 37,029 insurance-related complaints were received through different forums during 2025. The figure has underlined the need for stronger and more accessible systems to address disputes between policyholders and insurance companies.

One of the key proposals is to increase the number of insurance tribunals based on geographical requirements. This could help policyholders in different parts of Pakistan access the appropriate legal forum without facing unnecessary difficulties related to distance and jurisdiction.

The SECP has also proposed publishing a list of sessions courts that have been designated as insurance tribunals. Making this information publicly available could help policyholders determine where they can submit insurance-related disputes and seek legal remedies.

The proposed reforms also focus on providing easier access to small dispute resolution committees. Such mechanisms can play an important role in addressing relatively smaller insurance disputes through a process that may be more accessible than lengthy formal proceedings.

Another major recommendation is the introduction of a centralized digital complaints system. The proposed platform could bring insurance complaints from different forums into a more organized digital framework, potentially making it easier for consumers to submit, monitor and follow up on their cases.

A centralized system could also improve the availability of complaint-related information for regulators and other relevant authorities. Better data collection may help identify recurring problems and areas where insurance companies or existing procedures require improvement.

For insurance policyholders, the proposed changes could make the complaint process easier to understand. Clear information about relevant tribunals, dispute resolution options and digital complaint procedures may reduce confusion when consumers face disagreements over insurance claims or services.

The SECP’s recommendations reflect a broader effort to strengthen consumer protection within Pakistan’s insurance sector. As more people use insurance products, accessible mechanisms for resolving disputes become increasingly important.

The proposed expansion of insurance tribunals would also recognize the geographical challenges faced by policyholders. Increasing the availability of designated forums according to regional requirements could help improve access to justice for consumers outside major urban centers.

At the same time, a centralized digital complaints platform could support a more modern approach to insurance regulation. Digital tracking can potentially provide consumers with greater visibility into the progress of their complaints while helping authorities maintain more consistent records.

The 37,029 complaints recorded during 2025 demonstrate the scale of consumer concerns reaching various insurance complaint forums. The SECP’s proposed reforms are intended to strengthen the framework so that policyholders have clearer and more accessible channels for resolving disputes.

Further implementation details, including the structure of the centralized digital system and the geographical expansion of insurance tribunals, would determine how the proposed reforms are ultimately applied.

For now, the SECP’s recommendations indicate a focus on improving insurance consumer protection through wider tribunal access, small dispute resolution mechanisms and greater use of digital technology.

Gold Falls Below Rs. 4.6 Lakh as Prices Decline Again

Gold prices in Pakistan fell further on Monday, with the domestic market following a similar downward trend in international gold prices.

According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold declined by Rs. 2,700 per tola, bringing the latest price to Rs. 457,536 per tola.

The decline pushed the price of gold below the Rs. 4.6 lakh mark, after it had remained above that level previously.

The price of 10-gram gold also recorded a decrease during the latest trading session. It settled at Rs. 392,263 after falling by Rs. 2,315.

The latest movement reflects the connection between Pakistan’s domestic gold market and international bullion prices. Changes in global gold prices can influence local rates, although domestic prices are also affected by currency movements and other market factors.

Gold remains an important asset in Pakistan, with consumers purchasing the precious metal for jewellery, savings and investment purposes. Daily changes in gold prices are therefore closely followed by buyers, sellers and investors.

The latest APGJSA figures provide the benchmark for the reported domestic market prices. The association regularly announces gold rates based on developments in the local and international bullion markets.

The Rs. 2,700 decline in the price of 24-karat gold represents a notable daily movement for consumers considering purchases. At Rs. 457,536 per tola, the precious metal remains at a high price level despite the latest reduction.

For buyers, the lower rate may affect purchasing decisions, particularly for those planning to buy jewellery or bullion. However, gold prices can change from one trading session to another as international market conditions evolve.

The price of 10-gram gold also moved lower in line with the per-tola rate. After a reduction of Rs. 2,315, it settled at Rs. 392,263.

The international gold market remains an important factor for Pakistan’s bullion rates. When global prices rise or fall, local markets can experience corresponding movements after taking domestic market conditions into account.

Market participants will continue to monitor international gold prices and currency trends for indications about the direction of local rates in coming sessions.

For now, the latest APGJSA data shows that 24-karat gold in Pakistan is trading at Rs. 457,536 per tola, while 10-gram gold is priced at Rs. 392,263 following the latest decline.

Engro’s 1.3 Million-Ton Urea Plant Back Online

Engro Fertilizers Limited has resumed operations at its EnVen urea plant after completing scheduled maintenance, restoring production at one of the company’s major fertilizer facilities.

The company informed the Pakistan Stock Exchange (PSX) that operations at the plant successfully restarted on September 19 following the completion of the planned maintenance activities.

The EnVen Plant has an annual production capacity of around 1.3 million tons of urea, making its operational status important for Engro Fertilizers and Pakistan’s fertilizer supply chain.

According to the company’s notice, the maintenance work was completed as scheduled and the plant returned to operations after the necessary activities were carried out.

The restart means production activities at the facility can resume following the temporary maintenance shutdown. The plant’s return to service also restores its contribution to Engro Fertilizers’ overall urea production capacity.

Engro Fertilizers is one of Pakistan’s major fertilizer companies, with urea production playing an important role in meeting the needs of the country’s agriculture sector. Urea is widely used by farmers to support crop growth and improve agricultural productivity.

Planned maintenance is an important part of operating large-scale industrial facilities because it allows companies to inspect equipment, perform necessary servicing and address operational requirements before returning plants to normal production.

For the fertilizer market, the return of a major production facility can be relevant to overall supply conditions. The impact on production and availability, however, will depend on operating levels and broader market conditions.

The company’s notification to the Pakistan Stock Exchange provides investors with an update on the operational status of the EnVen Plant. With maintenance completed, the facility is now back online and able to continue its production activities.

The development also comes amid continued attention to Pakistan’s fertilizer sector, where domestic production and supply availability remain important for farmers and the wider agricultural economy.

Engro Fertilizers’ EnVen Plant is located at the company’s fertilizer complex in Daharki, Sindh, and has been a significant part of its urea manufacturing operations.

The resumption of operations on September 19 marks the completion of the scheduled maintenance period. Investors and industry stakeholders will continue to monitor the plant’s performance and the company’s subsequent production updates.

For now, Engro Fertilizers has confirmed that the EnVen Plant has successfully returned to operations after the planned maintenance work, bringing its approximately 1.3-million-ton annual urea production capacity back online.

Pakistan Announces First-Ever Central Contracts for U19 Players

The Pakistan Cricket Board (PCB) has announced a major step toward strengthening the country’s cricket development system by introducing central contracts for Pakistan Under-19 players for the first time.

The initiative is designed to recognize promising young cricketers, reward consistent performances and provide greater support as they progress through the national pathway.

The decision was announced after PCB Chairman Mohsin Naqvi met the Pakistan U19 squad following their successful tour of England. Pakistan produced an impressive performance during the tour, winning the four-match one-day series 3-1.

The introduction of central contracts at the Under-19 level represents a significant development for Pakistan cricket. It could provide young players with greater recognition at an important stage of their careers while encouraging them to maintain high standards on and off the field.

Pakistan has traditionally relied on domestic age-group competitions and international youth tournaments to identify future stars. A formal contract structure could add another layer to that system by giving outstanding U19 players a clearer connection with the PCB and its development programs.

The England tour provided an important opportunity for Pakistan’s young cricketers to compete against strong opposition in overseas conditions. Winning three of the four one-day matches also highlighted the potential within the current U19 squad.

For young players, international exposure can play an important role in preparing them for senior-level cricket. Performing consistently against quality opposition can help selectors assess which cricketers are ready to take the next steps in their development.

The PCB’s decision also reflects the growing importance of investing in emerging talent. Young cricketers require not only competitive opportunities but also structured support, professional guidance and access to better development resources.

Central contracts could potentially give selected U19 players greater financial stability while they continue developing their skills. The system may also encourage young cricketers to remain focused on long-term progress rather than viewing age-group cricket as a short-term opportunity.

Pakistan has produced several international cricketers who made their mark after progressing through youth cricket. A stronger pathway from U19 cricket to domestic and international levels could help the country identify and prepare more players capable of representing the senior national team.

The move comes at a time when Pakistan cricket continues to focus on developing its next generation of talent. The U19 setup remains an important part of that strategy because it provides selectors with an opportunity to identify players before they reach senior domestic and international cricket.

The successful England tour has added further attention to the current group of young cricketers. Their 3-1 series victory provides an encouraging result as the PCB begins considering a more structured system of recognition and support for U19 performers.

The first-ever central contracts for Pakistan U19 players are therefore expected to become an important part of the country’s youth cricket framework. The initiative could help create a more defined pathway for talented players moving toward professional cricket.

As Pakistan continues to invest in young talent, the performance of contracted U19 players will likely remain closely watched by selectors, coaches and cricket fans. The ultimate objective will be to ensure that promising youngsters receive the opportunities and support needed to develop into future Pakistan internationals.

FIFA Confirms Pakistan U-15 World Cup and Festival 2026 Schedule

FIFA has confirmed Pakistan’s schedule for the inaugural FIFA U-15 World Cup & Festival 2026 in Azerbaijan, with the young Pakistan team set to play five qualification-stage matches over three days.

The tournament will take place in Baku and is scheduled to feature teams from across the FIFA membership. FIFA says the inaugural boys’ competition will use an 8v8 format, with matches consisting of two 20-minute halves.

Pakistan has been drawn in Group AD, alongside Cyprus, Gambia, Jordan, Nigeria and South Sudan.

The Pakistan U-15 side will begin its campaign against Gambia on October 24. The team will then face two opponents on October 25 before completing the qualification stage with two more matches on October 26.

Pakistan’s FIFA U-15 World Cup & Festival Schedule

Date	Match	Time
October 24	Pakistan vs Gambia	3:30 p.m.
October 25	Pakistan vs South Sudan	1:45 p.m.
October 25	Pakistan vs Cyprus	8:30 p.m.
October 26	Pakistan vs Jordan	12:30 p.m.
October 26	Pakistan vs Nigeria	7:15 p.m.

The schedule gives Pakistan a demanding opening phase, with the team required to play five qualification matches within a short period.

The FIFA U-15 World Cup & Festival is a new youth competition designed to provide international playing opportunities to young footballers from FIFA member associations. The 2026 edition is open to boys’ teams, while the girls’ edition is scheduled to follow in 2027.

The tournament will bring more than 3,000 players, coaches and officials to Azerbaijan. FIFA has designed the competition around a development-focused format, with smaller pitches, eight-player teams and shorter matches.

The qualification stage will consist of four or five round-robin matches for each team. Results from this phase will determine placement in the tournament’s second stage.

Unlike a conventional competition where teams can be eliminated after the opening round, every participating team will continue playing. The second stage will be divided into six performance tiers, with teams competing through to the final matchday.

The overall competition is scheduled to run in Azerbaijan from October 24 to October 30, with Baku serving as the main host city. The Hovsan Competition Complex will stage most matches, while the tier finals are scheduled for the Crystal Hall.

For Pakistan’s young players, the event will provide an opportunity to face teams from different footballing backgrounds and gain experience in an international competition.

The five scheduled fixtures against Gambia, South Sudan, Cyprus, Jordan and Nigeria will form Pakistan’s first stage of the tournament.

The FIFA U-15 World Cup & Festival is part of FIFA’s wider youth-development approach, with the organisation saying the competition is intended to give young players from countries with different levels of football development meaningful international competition.

Pakistan’s participation in the inaugural edition will therefore give its U-15 players an international platform while allowing them to compete against several different opponents during the qualification phase.

CCP Fines Edible Oil Tanker Association Rs. 60 Million

The Competition Commission of Pakistan (CCP) has imposed a Rs. 60 million fine on the All Pakistan Edible Oil Tanker Owners Association over practices that the commission found restricted competition in the transportation market for edible oil, ghee and fats.

The penalty follows an investigation into the association’s activities involving the transportation of edible oil from Karachi Port Trust and Port Qasim to destinations across Pakistan.

According to the CCP, the association collectively fixed transportation charges for edible oil, ghee and fats and also allocated transport business among its members through a queue-based system.

The commission determined that these practices violated Section 4 of the Competition Act, 2010, which addresses agreements and practices that restrict competition.

Under the order, the CCP imposed a Rs. 30 million penalty for fixing transportation charges. Another Rs. 30 million fine was imposed for allocating transport business among association members through the queue system.

The combined penalty therefore amounts to Rs. 60 million.

The investigation examined how transportation services were organized for edible oil shipments originating from Karachi’s major ports and transported to different locations across Pakistan.

The CCP found that the association’s queue system played a role in determining which tanker would receive a particular consignment. According to the commission, this arrangement restricted competition among tanker owners in the relevant market.

The commission also addressed whether the association fell within the scope of the Competition Act. Its order determined that the association qualified as an undertaking because its activities were directly connected with the transportation of edible oil, ghee and fats.

The CCP’s decision highlights the importance of competition rules in transportation and supply chains connected to essential food products.

Edible oil, ghee and fats are widely used in Pakistan, making their transportation an important part of the supply chain connecting ports with markets and businesses across the country.

According to the commission’s findings, collectively determining transportation charges can affect the ability of market participants to compete independently on prices.

Similarly, a system that determines access to particular consignments among members can influence how transport business is distributed within a market.

The Rs. 60 million penalty reflects two separate findings by the CCP, with equal amounts imposed for transportation charge fixing and business allocation through the queue system.

The decision serves as a regulatory development for transport associations and businesses involved in the movement of edible oil and related products.

The CCP continues to enforce the Competition Act, 2010, with the aim of addressing practices that it determines restrict competition in relevant markets.

Sindh Cancels NOCs of 44 Private Security Companies Over Legal Violations

The Sindh Home Department has cancelled the no-objection certificates (NOCs) of 44 private security companies after they failed to comply with requirements under the Sindh Private Security Act 2026.

According to a notification issued by the provincial Home Department, the action was taken against companies found to be in violation of legal and regulatory requirements governing private security agencies in Sindh.

A major reason behind the cancellation was the failure of several companies to renew their required licences. The department also cited issues related to the licences of weapons being used by private security companies.

The move highlights the Sindh government’s focus on ensuring that private security firms operating across the province remain compliant with the applicable legal framework.

Private security companies are required to meet licensing and regulatory conditions to continue their operations. These requirements are intended to ensure that security agencies operate within the law and maintain proper records and authorisations.

The cancellation of 44 NOCs means the affected companies will face regulatory consequences for failing to meet the requirements set under the Sindh Private Security Act 2026.

The development may also prompt other private security agencies in Sindh to review their licences, documentation and other regulatory requirements to avoid similar action.

The Home Department’s decision comes as private security companies continue to play an important role in providing security services to businesses, residential communities, commercial centres and other organisations across the province.

The All-Private Security Agencies Association has welcomed the action taken by the Sindh Home Department. The association’s support indicates that compliance with licensing requirements remains an important issue for the private security industry.

The cancellation also draws attention to the importance of keeping company licences and weapon-related documentation valid and updated. Agencies that fail to meet these requirements may face action from the relevant authorities.

The Sindh government’s latest decision is therefore expected to reinforce regulatory oversight of private security companies operating in the province.

For affected agencies, compliance with the Sindh Private Security Act 2026 and renewal of required licences will remain critical to maintaining their legal status and continuing their security operations.

The action against 44 companies serves as a reminder that private security agencies must follow provincial regulations and maintain valid authorisations for both their businesses and weapons used during security dutie.

Sindh Cabinet Approves 13-Story Edhi Medical Tower at NICH

The Sindh government has approved the construction of a new 13-story medical tower at the National Institute of Child Health (NICH), marking a major planned expansion of healthcare infrastructure for children in the province.

The proposed Bilquis & Abdul Sattar Edhi Medical Tower will have a capacity of 445 beds and will be developed at NICH under a public-private partnership with the Abdul Sattar Edhi Foundation.

The total estimated cost of the project is $17 million. Under the approved financing arrangement, the Abdul Sattar Edhi Foundation will contribute $10 million toward construction, while the Sindh government will provide $7 million as a grant-in-aid.

The provincial government’s financial contribution will be released in two equal installments. The first installment is planned for the 2026-27 financial year, while the second is scheduled for 2027-28.

The project is expected to expand the healthcare capacity available at NICH, one of the key public-sector institutions providing specialized medical services to children in Sindh.

The addition of a 13-story facility with 445 beds would provide significant additional space for patient care and other hospital-related services. The project’s scale also reflects the need for expanded healthcare infrastructure at major public hospitals.

The public-private partnership model will bring together government funding and philanthropic support from the Abdul Sattar Edhi Foundation. The foundation’s $10 million contribution represents the larger share of the project’s total financing.

The Sindh government, meanwhile, will meet the remaining cost through its grant-in-aid contribution. Releasing the amount over two financial years will allow the provincial authorities to allocate the funds through the relevant annual budgets.

The proposed tower has been named after Bilquis Edhi and Abdul Sattar Edhi, whose humanitarian work is closely associated with healthcare, welfare and emergency services in Pakistan.

For families seeking specialized medical care for children, additional hospital capacity can be particularly important as demand for pediatric healthcare services continues to grow.

The project also represents another development in the use of public-private partnerships for healthcare infrastructure. Such arrangements can combine public-sector resources with private or philanthropic financing to support the construction and expansion of medical facilities.

Once completed, the new tower will add substantially to NICH’s physical capacity. The exact timeline for construction and the range of services to be housed in the building will depend on the project’s implementation and subsequent development stages.

The approved funding arrangement provides a defined financial framework for the project, with the Sindh government’s $7 million contribution divided equally between the 2026-27 and 2027-28 fiscal years.

The approval of the Edhi Medical Tower is therefore a significant step toward expanding pediatric healthcare infrastructure at NICH. Further details about construction milestones, facilities and operational plans are expected as the project progresses.

Senate Data Shows Wide Gap Between IPP and Dam Electricity Costs in Pakistan

Electricity generation costs in Pakistan vary sharply across different power sources, with new details presented in the Senate showing a substantial difference between the reported cost of hydropower from WAPDA dams and electricity generated by some private power plants.

According to documents presented to the Senate, WAPDA dams generated electricity at rates as low as Rs. 2.70 per unit, while the cost at some independent power producers (IPPs) exceeded Rs. 34 per unit.

The figures provide a comparison of generation costs across several electricity sources and highlight the different costs associated with hydropower, nuclear energy, domestic coal and imported coal-based plants.

During the period covered by the documents, the government paid Rs. 186 billion to WAPDA for 34.5 billion units of electricity. In comparison, payments to private IPPs reached Rs. 1.04 trillion for 49.8 billion units.

The documents also reported that more than Rs. 1.3 trillion was paid to IPPs in capacity charges during the current fiscal year. Capacity payments are separate from the per-unit generation costs cited in the comparison.

Among the power plants listed, the Tarbela Hydel Power Project recorded the lowest generation cost at Rs. 2.70 per unit. Mangla Hydel Power Project followed with a reported cost of Rs. 3.75 per unit.

Across the WAPDA dams included in the data, the average electricity generation cost was reported at Rs. 5.39 per unit. These figures place hydropower among the lower-cost sources listed in the Senate documents.

Nuclear generation was also reported at a comparatively lower rate. The Chashma Nuclear Power Plant generated electricity at Rs. 6.76 per unit, according to the documents.

The reported cost increased for coal-based electricity. Power generated using domestic Thar coal was listed at Rs. 19.03 per unit, considerably above the reported average cost of electricity generated by the listed WAPDA dams.

Plants using imported coal recorded still higher figures. The Sahiwal Coal Power Plant had a reported generation cost of Rs. 34.17 per unit, while Port Qasim’s reported cost stood at Rs. 32.16 per unit.

The reported difference between Rs. 2.70 per unit at Tarbela and Rs. 34.17 per unit at Sahiwal illustrates the wide variation in electricity generation costs across Pakistan’s power sector.

The figures also show that comparing total payments alone does not provide a complete picture of electricity costs, because WAPDA and private IPPs supplied different quantities of electricity during the period under review.

WAPDA supplied 34.5 billion units against payments of Rs. 186 billion, while private IPPs supplied 49.8 billion units against payments of Rs. 1.04 trillion. These figures therefore need to be considered alongside the respective electricity volumes and payment structures.

The Senate data comes amid continued attention on Pakistan’s electricity costs, power-sector payments and the financial pressures associated with the country’s energy system.

For consumers and businesses, the cost of electricity generation is an important part of the broader discussion surrounding power tariffs and the overall cost of electricity. However, generation costs represent only one component of the final electricity price.

The latest figures provide a snapshot of the reported costs of different generation sources and show particularly large differences between some hydropower projects and coal-based power plants.

The data presented to the Senate is likely to remain relevant as policymakers examine Pakistan’s power generation mix, payments to power producers and ways of managing the financial costs associated with electricity generation.

FED Collection Rises to Rs. 840 Billion in FY2025-26 as Key Sectors Drive Growth

Federal Excise Duty (FED) collection in Pakistan increased significantly during fiscal year 2025-26, reaching Rs. 840.02 billion as revenue from major sectors, including cigarettes, cement and air travel, continued to contribute to government receipts.

According to data from the Federal Board of Revenue (FBR), FED collection rose by 9.6 percent during FY2025-26 compared with Rs. 766.64 billion collected in the previous fiscal year.

The latest figures show an increase of Rs. 73.38 billion in Federal Excise Duty revenue over the one-year period. The growth highlights continued revenue generation from sectors subject to federal excise taxation.

FED collection also recorded growth during both halves of the financial year. However, the pace of increase differed considerably between the first and second halves of FY2025-26.

During the first half of FY2025-26, FED revenue stood at Rs. 400.73 billion, compared with Rs. 346.57 billion during the corresponding period of FY2024-25.

This represented a year-on-year increase of 15.6 percent, making the first half the stronger contributor to the overall annual growth in Federal Excise Duty collection.

The second half of FY2025-26 generated Rs. 439.29 billion in FED revenue. The figure was higher than the Rs. 420.07 billion collected during the same period a year earlier.

On a year-on-year basis, second-half FED collection increased by 4.6 percent, according to FBR data. Although the growth rate was lower than in the first half, the second-half collection remained higher in absolute terms.

The rise in FED revenue was supported by collections from important taxable sectors. Cigarettes remained among the sectors contributing to federal excise receipts, while cement and air travel also added to overall collection.

Federal Excise Duty is an important source of government revenue in Pakistan and applies to a range of locally produced goods, imported products and selected services. Changes in FED collections can therefore provide an indication of revenue activity across several parts of the economy.

The latest FBR figures come as Pakistan continues efforts to strengthen tax collection and improve government revenues. Higher receipts from federal duties can play a role in supporting fiscal management and meeting revenue targets.

The difference between the first- and second-half growth rates also provides an important picture of the revenue trend during FY2025-26. While the first six months recorded stronger percentage growth, the second half still delivered a larger total FED collection.

Overall, Federal Excise Duty revenue increased from Rs. 766.64 billion in FY2024-25 to Rs. 840.02 billion in FY2025-26. The Rs. 73.38 billion increase represents a notable rise in federal excise receipts over the period.

The figures will remain relevant for businesses and economic observers tracking Pakistan’s tax revenues, consumer activity and fiscal performance. Further FBR data can provide additional insight into which sectors contributed most to the increase in FED collection during the financial year.

Government Exempts Armed Forces and FBR Operational Vehicles From Fuel Cuts

The federal government has clarified which official vehicles will be exempt from its newly announced fuel conservation measures, with operational vehicles of the Armed Forces and several essential institutions excluded from the 50 percent fuel reduction.

The fuel-saving measure applies to government vehicles for a period of three months as part of a broader austerity campaign aimed at conserving petroleum supplies and reducing public expenditure.

Under the government’s decision, operational vehicles of the Armed Forces will not be affected by the fuel reduction. However, administrative and non-operational military vehicles will remain subject to the 50 percent cut.

The distinction between operational and non-operational vehicles means that vehicles required for essential duties will continue to receive fuel according to their operational needs, while vehicles used for administrative purposes will be covered by the conservation measure.

The exemption also extends to operational vehicles of the Civil Armed Forces. Law enforcement agencies and vehicles used for essential services have similarly been excluded from the fuel reduction.

Operational vehicles of the Federal Board of Revenue (FBR) are also exempt from the restriction.

The government has introduced the measures as part of efforts to conserve fuel and manage public spending amid pressure from rising international petroleum prices and regional tensions.

The fuel restriction is one component of a wider austerity programme announced by the federal government. Authorities are seeking to reduce unnecessary consumption while ensuring that essential government operations continue without disruption.

The three-month duration means government departments will need to operate under the revised fuel allocations during the specified period.

For administrative and non-operational vehicles belonging to the Armed Forces, the 50 percent reduction will continue to apply. This arrangement allows the government to distinguish between vehicles required for essential operational responsibilities and those used for routine administrative functions.

The exemption for law enforcement and essential services is intended to ensure that critical public functions can continue despite the broader fuel conservation drive.

Similarly, exempting operational FBR vehicles allows field activities considered necessary for the revenue authority to continue under the government’s fuel conservation programme.

The latest clarification is important because the original fuel reduction applies broadly to official vehicles but includes specific exemptions based on operational requirements.

Government departments and institutions will therefore have to identify vehicles falling within the exempted categories and implement the reduced fuel allocations for those that remain covered.

The decision comes as Pakistan seeks to conserve petroleum resources and contain government expenditure during a period of heightened economic and regional pressure.

Fuel consumption by official vehicles has become one of the areas targeted under the government’s austerity campaign. Alongside fuel restrictions, the federal government has announced other measures aimed at reducing non-essential spending.

The government’s approach combines conservation with exemptions for essential operations, allowing critical services and security-related activities to continue while reducing fuel use in administrative areas.

The 50 percent fuel reduction will remain in effect for three months for vehicles covered by the policy. Operational vehicles of the Armed Forces, Civil Armed Forces, law enforcement agencies, essential services and FBR will remain exempt under the stated provisions.

Further implementation details will depend on individual government departments and institutions applying the restrictions according to the categories outlined by the federal government.

NEPRA Imposes Rs. 10 Crore Fine on CPPA-G Over WAPDA Damages

The National Electric Power Regulatory Authority (NEPRA) has imposed a Rs. 100 million fine on the Central Power Purchasing Agency-Guarantee (CPPA-G) over its failure to enforce liquidated damages against WAPDA.

The regulatory action follows a finding that CPPA-G did not apply the relevant contractual provisions requiring liquidated damages to be imposed on WAPDA.

According to NEPRA’s order, the power purchasing agency was required to enforce the applicable provisions but failed to do so. The regulator subsequently took action and issued a financial penalty against CPPA-G.

The Rs. 100 million penalty is equivalent to Rs. 10 crore, making it a significant regulatory action involving two major entities connected with Pakistan’s power sector.

NEPRA has directed CPPA-G to deposit the fine into the designated bank account within 15 days of receiving the order.

A copy of the regulatory order has also been forwarded to the Chief Executive Officer of CPPA-G for compliance and necessary action.

Liquidated damages are generally contractual financial payments that may become applicable when a party fails to meet specified obligations under an agreement. In the power sector, such provisions can form part of arrangements governing performance and contractual responsibilities.

The latest NEPRA order highlights the regulator’s role in monitoring compliance with rules and contractual requirements within Pakistan’s electricity market.

CPPA-G plays a central role in the country’s power purchasing arrangements, while WAPDA remains an important institution within Pakistan’s electricity and water infrastructure. Any regulatory dispute involving the two organizations can therefore attract attention from power-sector stakeholders.

NEPRA’s action indicates that regulatory authorities expect CPPA-G to enforce applicable contractual provisions rather than waive or overlook financial consequences where they are required under the relevant agreements.

The regulator has specified a 15-day deadline for payment of the penalty. CPPA-G will therefore be required to comply with the order within the prescribed period unless the order is otherwise challenged or modified through an applicable legal or regulatory process.

The development comes amid continued efforts to improve governance, accountability and contractual compliance across Pakistan’s power sector.

Regulatory enforcement is particularly important in the electricity market because contractual obligations can have financial implications for power purchasers, generators and other stakeholders.

The NEPRA order does not merely concern the fine itself but also draws attention to the responsibility of power-sector institutions to follow the terms and conditions governing their agreements.

Further developments could emerge if CPPA-G takes any action concerning the regulatory order or provides additional clarification regarding the circumstances surrounding the liquidated damages.

For now, NEPRA has directed CPPA-G to pay Rs. 100 million within 15 days, citing the agency’s failure to impose applicable liquidated damages on WAPDA.

The decision adds another regulatory development to Pakistan’s power sector and places renewed focus on contractual enforcement and institutional accountability.

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