PDMA Issues GLOF Alert for Upper KP as Heavy Rains Raise Flood Risk

The Provincial Disaster Management Authority (PDMA) has issued a Glacial Lake Outburst Flood (GLOF) alert for several upper districts of Khyber Pakhtunkhwa (KP) following forecasts of heavy rainfall from July 19 to July 25. The advisory comes as authorities prepare for possible flooding, landslides, and other weather-related emergencies across the province’s northern regions.

According to the PDMA, widespread and persistent rainfall is expected to affect upper KP throughout the week, significantly increasing the risk of flash floods in rivers, streams, and low-lying areas. Mountainous districts are also likely to face a heightened threat of landslides due to saturated soil and continuous rainfall.

The authority has warned that communities living near rivers, nullahs, and vulnerable slopes should remain alert and closely follow weather advisories issued by the relevant departments. Residents have been urged to avoid unnecessary travel during periods of intense rainfall and to take precautionary measures to safeguard lives and property.

A Glacial Lake Outburst Flood (GLOF) occurs when water retained by a glacier is suddenly released after a natural dam collapses. Such events can trigger powerful flash floods capable of causing widespread damage to infrastructure, agricultural land, roads, and settlements located downstream.

Northern Pakistan is particularly vulnerable to GLOF incidents because it is home to thousands of glaciers, many of which have formed unstable glacial lakes. Rising temperatures and changing weather patterns have increased concerns about the frequency of such events in recent years.

The PDMA has directed district administrations, rescue services, and relevant government departments to remain on high alert during the forecast period. Emergency response teams have been advised to ensure the availability of rescue equipment and maintain readiness in areas considered most vulnerable to flooding.

Authorities have also encouraged local administrations to monitor water levels in rivers and streams while coordinating with meteorological agencies to provide timely warnings if weather conditions deteriorate further. Early preparedness is considered essential for reducing the impact of potential natural disasters.

Motorists and tourists planning to travel to northern areas have been advised to check the latest weather updates before departing. Heavy rainfall can lead to road blockages, landslides, and disruptions to transportation routes, particularly in mountainous regions.

The latest advisory reflects the government’s ongoing efforts to strengthen disaster preparedness during the monsoon season. Timely alerts allow emergency services and local communities to take preventive action before severe weather conditions develop.

With heavy rains expected across upper Khyber Pakhtunkhwa over the coming days, residents are urged to remain vigilant, follow official safety instructions, and report emergencies to the relevant authorities. Staying informed and taking precautionary measures can help minimize the risks associated with flash floods, landslides, and Glacial Lake Outburst Floods.

Oil Prices Surge as Iran Attacks US Military Bases, Analysts Warn Brent Could Cross $100

Global oil markets witnessed sharp volatility after Iran launched missile attacks targeting multiple United States military bases across the region, escalating tensions in the Middle East and raising fears of a broader regional conflict. The latest developments have fueled concerns about potential disruptions to global energy supplies, prompting a strong rebound in crude oil prices.

Brent crude climbed close to $90 per barrel following reports of the attacks, recovering significantly after trading below $75 per barrel just a day earlier. Market analysts believe that if hostilities continue to intensify, oil prices could once again rise above the $100 per barrel mark.

The escalation comes after Iran carried out missile strikes in response to reported US bombardment of key Iranian infrastructure. The exchange has heightened geopolitical uncertainty in one of the world’s most strategically important energy-producing regions.

A senior Iranian official warned that Tehran could significantly expand its military response if the United States continues targeting Iranian assets. The statement has increased investor concerns that the conflict could widen, potentially affecting oil production, transportation routes, and regional stability.

Mohsen Rezaee, a senior commander of the Islamic Revolutionary Guard Corps (IRGC) and a member of Iran’s Expediency Discernment Council, said Iran is no longer willing to limit its response to reciprocal actions.

According to Rezaee, if US military operations continue, Iran would shift toward what he described as a broader military offensive. His remarks signal a tougher stance from Tehran amid rapidly escalating tensions.

Financial markets often react strongly to geopolitical developments in the Middle East because the region accounts for a substantial share of the world’s oil production and exports. Any threat to energy infrastructure or major shipping routes, including the Strait of Hormuz, can quickly influence global crude prices.

Energy analysts note that continued military escalation could increase concerns over supply disruptions, leading traders to factor higher geopolitical risk into oil prices. If the conflict expands or affects regional oil exports, international energy markets may experience further volatility.

Higher crude oil prices can have widespread economic consequences, including increased fuel costs, transportation expenses, and inflationary pressures for countries that rely heavily on imported petroleum products. Pakistan, like many energy-importing nations, could face additional pressure on fuel prices and import costs if global oil markets remain elevated.

While oil has already recorded a sharp recovery following the latest developments, future price movements will largely depend on diplomatic efforts, military developments, and the stability of energy infrastructure across the Middle East. Investors and policymakers will continue monitoring the situation closely as global markets respond to the evolving conflict.

Pakistani Researcher Bilal Mustafa Wins Prestigious International Wildlife Conservation Award

Pakistani researcher Bilal Mustafa has earned international recognition after receiving the Young Researcher of the Year Opinion Award from the International Council for Conservation of Game and Wildlife (CIC), marking a significant achievement for Pakistan in the field of wildlife conservation research.

The award makes Mustafa the first Pakistani to receive this prestigious honour from the CIC, one of Europe’s oldest and most respected organisations dedicated to hunting, wildlife conservation, and sustainable natural resource management. His recognition reflects the growing contribution of Pakistani researchers to global environmental and conservation efforts.

The award was presented in recognition of Mustafa’s ongoing research, which was selected from numerous submissions received from researchers around the world. His work stood out for its scientific relevance and its focus on balancing biodiversity conservation with the needs of local communities.

Mustafa’s research explores the impact of trophy hunting on mountain carnivores, ungulates, and the communities living in and around Pakistan’s Karakoram Mountains. The study seeks to better understand how conservation policies and regulated hunting practices influence wildlife populations while also affecting the livelihoods of people who depend on these fragile ecosystems.

The Karakoram region is home to several rare and endangered species, making it one of Pakistan’s most important biodiversity hotspots. Research conducted in this region plays a vital role in shaping conservation strategies that protect wildlife while encouraging sustainable development for local residents.

Experts have increasingly emphasized the importance of evidence-based conservation, where scientific research helps policymakers develop balanced approaches to wildlife protection. Studies like Mustafa’s contribute valuable insights into the relationship between ecological preservation, responsible resource management, and community participation.

Receiving recognition from the International Council for Conservation of Game and Wildlife is considered a major accomplishment within the global conservation community. The organisation has long supported research and initiatives that promote sustainable wildlife management through science, education, and international collaboration.

Mustafa’s achievement also highlights Pakistan’s growing presence in international research circles. As environmental challenges continue to intensify worldwide, contributions from researchers working in diverse ecosystems such as the Karakoram Mountains are becoming increasingly valuable.

The recognition is expected to encourage more young Pakistani scientists and conservationists to pursue research focused on biodiversity, environmental sustainability, and wildlife management. It also showcases the country’s potential to contribute meaningful scientific knowledge to global conservation discussions.

Bilal Mustafa’s international award represents not only a personal milestone but also a proud moment for Pakistan’s scientific and environmental community. His work reinforces the importance of combining research, conservation, and local community engagement to develop sustainable solutions for protecting some of the world’s most valuable natural habitats.

Pakistan’s Foreign Direct Investment Drops 94% in June 2026

Pakistan witnessed a sharp decline in foreign investment as net Foreign Direct Investment (FDI) fell to just $14 million in June 2026, according to data released by the State Bank of Pakistan (SBP) and compiled by Arif Habib Limited. The figure represents a 94 percent decline on both a year-on-year (YoY) and month-on-month (MoM) basis, highlighting a significant slowdown in foreign capital inflows.

The steep drop in June also weighed on the country’s overall investment performance for the fiscal year. During FY26, Pakistan recorded net FDI of $1.64 billion, compared to $2.48 billion in FY25, reflecting a 34 percent year-on-year decline.

Foreign Direct Investment plays a crucial role in supporting economic growth by bringing capital, technology, employment opportunities, and business expansion. A slowdown in FDI can affect investment activity across key sectors, including manufacturing, energy, telecommunications, financial services, and infrastructure.

The June figures suggest that foreign investors remained cautious amid global economic uncertainty and domestic economic challenges. Investment flows often fluctuate due to a combination of international market conditions, geopolitical developments, policy changes, and investor confidence.

Despite the monthly decline, Pakistan continues to pursue policies aimed at attracting international investors through economic reforms, improved ease of doing business, and investment-friendly initiatives. Authorities have repeatedly emphasized the importance of increasing foreign investment to strengthen economic growth and support long-term development.

Analysts note that sustaining investor confidence requires a stable macroeconomic environment, consistent policy implementation, and continued progress on structural reforms. Improving infrastructure, ensuring regulatory transparency, and facilitating private-sector growth are also considered essential for attracting long-term foreign capital.

The decline in FY26 highlights the challenges facing Pakistan in maintaining strong investment inflows during a period of economic adjustment. While individual months can experience sharp fluctuations, annual trends provide a broader picture of investor sentiment and economic performance.

Experts believe future investment prospects will depend on domestic economic stability, fiscal reforms, and the country’s ability to capitalize on opportunities in sectors such as information technology, renewable energy, manufacturing, mining, and export-oriented industries.

As Pakistan continues its efforts to strengthen the economy, attracting higher levels of Foreign Direct Investment is expected to remain a key priority. Increased investment can help create jobs, improve productivity, boost exports, and contribute to sustainable economic growth over the long term.

Electricity Generation Costs Rise 14% in Pakistan as RLNG and Furnace Oil Prices Climb

Pakistan’s average fuel cost for electricity generation increased by 14 percent year-on-year in June 2026, reflecting higher expenses associated with power production. The increase was primarily driven by the rising cost of electricity generated through Re-gasified Liquefied Natural Gas (RLNG) and furnace oil, according to data compiled by Topline Research using statistics from the National Electric Power Regulatory Authority (NEPRA).

The average fuel cost reached Rs. 9.0 per unit during June, highlighting the growing financial pressure on the country’s power sector. Fuel prices remain one of the key factors influencing electricity generation costs, particularly when utilities rely on imported energy sources such as RLNG and furnace oil.

Despite the rise in generation costs, overall electricity production recorded a slight decline during the month. Pakistan generated 13,430 gigawatt-hours (GWh) of electricity in June 2026, representing a 2 percent decrease compared to the same month last year.

However, the monthly figures showed signs of recovery. Electricity generation increased by 6 percent compared to May 2026, indicating improved output as power demand and generation activity picked up during the month.

Energy analysts note that fluctuations in fuel prices continue to have a significant impact on Pakistan’s electricity generation costs. Since imported fuels account for a considerable share of the country’s energy mix, changes in international commodity prices and exchange rates can directly influence the overall cost of power production.

The higher dependence on RLNG and furnace oil during June contributed to the increase in average generation costs. These energy sources generally carry higher operating expenses compared to alternatives such as hydropower, nuclear energy, or locally sourced coal, making the overall electricity generation process more expensive.

The latest figures also highlight the ongoing challenges facing Pakistan’s energy sector as authorities work to balance rising fuel costs, electricity demand, and financial sustainability. Improving the share of lower-cost and renewable energy sources remains a long-term objective to reduce dependence on imported fuels and stabilize electricity prices.

Industry experts believe that diversifying the country’s energy mix and investing in indigenous resources could help mitigate the impact of global fuel price fluctuations. Expanding renewable energy projects and improving generation efficiency may also contribute to lowering future electricity production costs.

The June data provides an important snapshot of the country’s evolving power sector, showing both the challenges posed by higher fuel expenses and the gradual recovery in electricity generation after the previous month.

Concerns Raised Over Karachi’s New Disco Bakery Flyover as K-IV Pipeline Questions Emerge

Karachi’s upcoming Disco Bakery flyover project has sparked debate even before construction begins, with experts, officials, and residents questioning whether the development could interfere with the city’s long-term infrastructure plans. The concerns mainly revolve around the proposed K-IV water pipeline, which is expected to pass through the same corridor.

The discussion comes after Karachi Mayor Murtaza Wahab announced that construction of the Disco Bakery flyover is scheduled to begin on August 14. According to the announced timeline, authorities aim to complete the project within 90 days to improve traffic flow at one of the city’s busy intersections.

While the project is intended to reduce congestion and enhance daily commuting, some officials believe that moving ahead before the K-IV pipeline installation could create avoidable challenges. They argue that future excavation for the water project may require alterations to the newly built flyover or nearby infrastructure, potentially increasing costs and causing additional disruption.

The K-IV project is considered one of Karachi’s most significant water supply initiatives, designed to improve access to clean water for millions of residents. Because of its importance, planning experts say that coordination between different development projects is essential to prevent conflicts and ensure efficient use of public resources.

Residents have also expressed mixed opinions regarding the flyover. Many support initiatives that promise to reduce traffic congestion, particularly in heavily congested areas where daily travel consumes significant time. However, others believe infrastructure planning should prioritize long-term sustainability over quick execution.

Urban planning specialists often recommend that major transportation projects be synchronized with utility infrastructure such as water pipelines, sewerage systems, gas lines, and communication networks. Proper sequencing can help avoid repeated road closures, reconstruction work, and unnecessary public inconvenience.

The Disco Bakery flyover has therefore become part of a broader discussion about integrated urban development in Karachi. Citizens are increasingly calling for government departments to coordinate large-scale projects before construction begins so that public funds are used more efficiently and infrastructure remains durable for decades.

Despite the concerns, city authorities remain committed to the announced schedule. The administration believes the flyover will provide immediate relief to commuters while contributing to Karachi’s expanding road network. Whether adjustments will be made to accommodate the future K-IV pipeline remains an important question that stakeholders hope will be addressed before construction reaches an advanced stage.

As Karachi continues to grow, balancing transportation improvements with essential utility projects will remain a critical challenge. Careful planning, transparent decision-making, and coordination among government agencies will play an important role in ensuring that development projects deliver lasting benefits without creating future engineering complications.

Pakistan Customs Denies Import Clearance Delays, Says No Fuel Shortage Risk

Pakistan Customs has dismissed reports suggesting delays in the clearance of imported petroleum products, stating that there are no pending fuel consignments awaiting customs processing. The clarification comes amid concerns that procedural issues could disrupt fuel supplies across the country.

According to Customs officials, import clearance operations are continuing normally, and there is no indication of a shortage caused by delays at ports. The department emphasized that no imported petroleum cargo with a filed Goods Declaration (GD) is being held back due to customs procedures.

The clarification was issued in response to recent media reports and comments regarding the import process for petroleum products. Speaking to ProPakistani, the Member Customs (Operations) said claims made by Pakistan State Oil (PSO) regarding customs requirements stemmed from a misunderstanding of the valuation process.

The official explained that importers are not required to declare the final value of petroleum cargo when submitting a Goods Declaration. Instead, the final value is determined later as part of the standard customs assessment process.

According to the Customs department, this has long been the established procedure and has never been a mandatory condition for filing a GD or securing clearance for imported petroleum products. The department stressed that the existing framework allows cargo clearance to proceed without waiting for the final valuation.

The statement aims to reassure fuel importers, distributors, and consumers that customs procedures are not creating bottlenecks in the country’s petroleum supply chain. Officials maintain that all clearance operations are being conducted in accordance with established regulations and without unnecessary delays.

Fuel availability remains a critical issue for Pakistan’s economy, as petroleum products are essential for transportation, power generation, manufacturing, and commercial activity. Any disruption in import clearance could have significant implications for supply chains and domestic fuel prices.

By rejecting reports of clearance delays, Pakistan Customs has sought to ease concerns about potential fuel shortages. The department reiterated that there are no outstanding petroleum consignments awaiting customs approval due to procedural complications.

Industry observers note that effective coordination between customs authorities, oil marketing companies, and importers is vital for ensuring uninterrupted fuel supplies. Clear communication regarding customs procedures can also help prevent misunderstandings that may create uncertainty in the market.

As Pakistan continues to rely on imported petroleum products to meet domestic demand, authorities are expected to maintain close oversight of import operations to ensure smooth cargo clearance and a stable fuel supply across the country.

Pakistan’s Textile Industry Faces Mounting Challenges as Export Growth Stalls

Pakistan’s textile sector, the country’s largest source of US dollar earnings, is facing increasing pressure as industry leaders call for urgent government intervention to safeguard exports and maintain global competitiveness. Rising production costs, limited access to financing, and a growing shortage of cotton have emerged as major concerns for manufacturers and exporters.

In a letter addressed to Prime Minister Shehbaz Sharif, the Pakistan Textile Council (PTC) urged the government to introduce immediate policy reforms to support the industry. The council warned that without timely action, the sector could struggle to sustain export growth and retain its position in international markets.

According to the PTC, Pakistan’s textile and apparel exports remained largely stagnant during the fiscal year 2025-26. Export earnings increased by only 0.26 percent, reaching $17.93 billion compared with $17.88 billion in the previous fiscal year. The marginal growth reflects the mounting challenges confronting one of Pakistan’s most important export industries.

The council also pointed to a significant decline in export performance during June 2026. Textile exports fell by 17 percent year-on-year and 23 percent compared with May, dropping to their lowest monthly level in 14 months. The slowdown has raised concerns about weakening international demand and the industry’s ability to compete amid rising operational costs.

Textiles account for the largest share of Pakistan’s export revenue and are a major contributor to employment, industrial output, and foreign exchange earnings. As a result, prolonged weakness in the sector could have broader implications for the country’s economy and external account.

Industry representatives argue that rising electricity and gas costs have significantly increased manufacturing expenses, making Pakistani products less competitive in key export destinations. They also highlighted financing constraints, which have limited businesses’ ability to invest in expansion, modernize production facilities, and manage working capital.

Another critical issue raised by the PTC is the worsening cotton shortage. Cotton remains the primary raw material for Pakistan’s textile industry, and reduced domestic production has forced manufacturers to rely more heavily on imported cotton. This increases production costs and exposes exporters to international price fluctuations and exchange rate risks.

The textile industry has urged the government to implement policies that improve access to affordable financing, ensure a stable supply of energy at competitive rates, and strengthen domestic cotton production. Industry leaders believe these measures are essential to restoring export momentum and supporting long-term growth.

Economists note that a stronger textile sector is vital for improving Pakistan’s trade balance and boosting foreign exchange reserves. Since textiles generate the largest share of export income, any slowdown directly affects the country’s external sector and overall economic stability.

As policymakers evaluate the industry’s recommendations, investors and exporters will be closely monitoring upcoming policy decisions. The effectiveness of government support, global demand trends, and improvements in domestic production conditions will play a key role in determining whether Pakistan’s textile sector can regain stronger export growth in the months ahead.

PSX Fertilizer Companies Likely to Report 20% Profit Decline in Q2 2026 as Sales Slow

Pakistan’s listed fertilizer companies are expected to witness a challenging second quarter of 2026, with profits projected to decline by around 20 percent compared to the same period last year. The anticipated drop reflects weaker fertilizer demand and lower dividend income, according to market estimates released by Topline Securities.

Despite the expected year-on-year decline, the sector is showing signs of recovery on a quarterly basis. Analysts believe earnings could improve by nearly 18 percent compared with the previous quarter, supported by stronger pricing strategies and healthier profit margins.

The fertilizer industry remains one of the most closely watched sectors on the Pakistan Stock Exchange (PSX), as its financial performance often reflects broader trends in agriculture, input costs, and investor sentiment.

According to Topline Securities, reduced fertilizer sales have weighed heavily on earnings during the quarter. Slower market demand, combined with lower dividend income from associated investments, has created pressure on profitability for major listed fertilizer manufacturers.

Another factor attracting investor attention is the possibility that some fertilizer companies may choose not to announce dividend payouts for the quarter. Companies often adjust dividend policies when earnings come under pressure, prioritizing liquidity and future business requirements over shareholder distributions.

Although dividend expectations remain uncertain, analysts suggest the industry’s operational performance has started to improve compared with the previous quarter.

One of the key reasons behind the expected quarterly recovery is the improvement in gross margins. Fertilizer manufacturers have gradually withdrawn promotional discounts introduced earlier and have successfully implemented price increases, helping offset higher operating costs.

Since April, urea prices have increased by approximately Rs. 100 per bag, strengthening revenue generation for manufacturers. Meanwhile, Diammonium Phosphate (DAP) prices have recorded an average increase of around 25 percent compared with the same period last year, largely driven by rising international fertilizer prices.

The higher selling prices are expected to support profitability even as overall sales volumes remain relatively soft.

The fertilizer sector plays a vital role in Pakistan’s agricultural economy, making its financial performance significant for both investors and farmers. While higher fertilizer prices can improve company earnings, they may also influence production costs for growers during upcoming crop seasons.

Investors will closely monitor the quarterly financial results to assess whether stronger margins are sufficient to compensate for weaker demand. Dividend announcements, management outlooks, and future pricing strategies are also expected to influence market sentiment surrounding fertilizer stocks on the PSX.

Looking ahead, analysts believe the sector’s performance will depend on domestic fertilizer demand, international commodity prices, government agricultural policies, and the ability of manufacturers to maintain healthy pricing without significantly affecting sales volumes. If demand strengthens in the coming quarters, fertilizer companies could see a more balanced recovery despite the current earnings slowdown.

PCB Makes Padel Mandatory for Pakistani Cricketers During Training Camps

The Pakistan Cricket Board (PCB) has introduced padel as a mandatory fitness activity for national cricketers attending long-duration training camps at the National Cricket Academy (NCA). The move is part of the board’s efforts to enhance player fitness, agility, and overall athletic performance through modern training methods.

To support the initiative, the PCB has also established a dedicated padel facility at the National Cricket Academy, allowing players to participate in the sport without leaving the training complex.

Padel is one of the world’s fastest-growing racket sports, combining elements of tennis and squash. It is widely recognized for improving reflexes, coordination, footwork, balance, and cardiovascular fitness—qualities that are essential for professional cricketers.

By making the sport a compulsory component of training camps, the PCB aims to diversify players’ fitness routines while reducing the monotony associated with lengthy conditioning programs.

The newly installed padel court at the National Cricket Academy will enable players to integrate the sport into their daily schedules with ease. Having the facility on-site ensures that cricketers can participate in structured fitness sessions without interrupting their training timetable.

The addition of modern sports infrastructure also reflects the PCB’s commitment to adopting innovative approaches to player development and sports science.

Fitness has become an increasingly important aspect of international cricket, with teams around the world placing greater emphasis on endurance, mobility, reaction speed, and injury prevention. Cross-training activities such as padel can help athletes improve these physical attributes while also enhancing mental focus and teamwork.

Sports performance experts believe that incorporating different forms of exercise reduces repetitive strain, keeps players engaged during extended training camps, and contributes to overall athletic development.

The PCB has continued investing in facilities and high-performance programs aimed at preparing players for the demands of international cricket. The introduction of mandatory padel sessions aligns with the board’s broader strategy to improve fitness standards and strengthen player performance across all formats of the game.

As the National Cricket Academy remains the primary hub for training Pakistan’s top cricketers, the inclusion of padel is expected to become a regular feature of future camps, offering players a dynamic and enjoyable way to maintain peak physical condition.

The initiative underscores the PCB’s focus on combining traditional cricket training with modern fitness techniques to help national players remain competitive on the global stage.

PM Shehbaz Directs FBR to Strengthen Engagement With Karachi Business Community

Prime Minister Shehbaz Sharif has directed senior officials of the Federal Board of Revenue (FBR) to visit Karachi during the first week of every month to improve coordination with the business community and ensure the prompt resolution of tax-related issues.

The directive is part of the government’s broader efforts to strengthen collaboration with businesses, improve tax administration, and create a more investment-friendly environment across Pakistan.

While chairing a meeting on FBR reforms on Wednesday, the prime minister instructed tax officials to maintain regular engagement with traders, industrialists, and corporate stakeholders. He emphasized that business concerns should be addressed on a priority basis to build confidence and enhance economic activity.

The monthly visits to Karachi are expected to provide business leaders with direct access to senior FBR officials, allowing tax-related challenges to be discussed and resolved more efficiently.

Prime Minister Shehbaz Sharif also instructed the Federal Board of Revenue to recognize companies that consistently comply with tax laws. The move aims to encourage voluntary tax compliance and promote a culture of transparency and accountability within the business sector.

Officials believe that acknowledging compliant taxpayers can strengthen trust between businesses and tax authorities while supporting efforts to broaden the country’s tax base.

During the meeting, the prime minister described the business community as the backbone of Pakistan’s economy, highlighting its vital role in driving industrial growth, creating employment opportunities, and generating export earnings.

He stressed that government institutions must work to facilitate businesses rather than create unnecessary obstacles. According to the prime minister, improved cooperation between the FBR and the private sector is essential for increasing production, attracting investment, and expanding exports.

The government has been pursuing a series of tax reforms aimed at modernizing the revenue collection system, improving transparency, and enhancing the ease of doing business. Strengthening communication between tax authorities and the business community is considered an important component of these reforms.

Karachi, Pakistan’s largest commercial and financial hub, contributes a significant share of the country’s tax revenue and industrial output. Regular interaction between senior FBR officials and Karachi’s business community is expected to help resolve operational issues more quickly while improving confidence in the tax system.

The latest directive reflects the government’s commitment to fostering a business-friendly environment that supports sustainable economic growth, encourages investment, and promotes long-term tax compliance across the country.

The Biggest Team Acquisition in South Asian PUBG Mobile History

Walee acquires reigning World Champions 4Thrives as the team prepares for the Esports World Cup 2026.

Islamabad, Pakistan — Walee has officially acquired 4Thrives, the reigning PUBG Mobile Global Open (PMGO) 2026 Champions, marking a significant step in the company’s continued expansion into competitive gaming and esports. Supported by Quick TopUps and BigBaat, the acquisition reinforces Walee’s commitment to building and supporting the next generation of digital entertainment and competitive sports in Pakistan and beyond.

Over the past few years, Walee has established itself as a key player in the sports and digital media landscape through strategic investments, partnerships, and community-driven initiatives. Following its growing presence in traditional sports, the company is now accelerating its efforts in esports—one of the fastest-growing entertainment industries globally.

Fresh off their PMGO 2026 victory, 4Thrives has earned recognition as one of the world’s leading PUBG Mobile teams and secured qualification for the Esports World Cup (EWC) 2026 in Paris, France. Their championship-winning performance has cemented their status as one of the most successful teams to emerge from South Asia.

“This acquisition reflects our belief in the future of esports and the incredible talent emerging from our region,” said a spokesperson for Walee. “We’ve spent years building communities around sports, entertainment, and digital content. Bringing 4Thrives into our ecosystem is a natural next step as we continue investing in platforms, talent, and opportunities that can help elevate Pakistan’s presence on the global esports stage.”

The acquisition also brings together Walee’s broader ecosystem. Through Quick TopUps, gamers will gain access to exclusive experiences, rewards, and activations, while BigBaat will help connect fans with the team through content, live streams, community engagement, and behind-the-scenes storytelling.

For 4Thrives, the partnership represents an opportunity to build on their recent success while gaining access to long-term support and resources as they prepare for the biggest tournament of their careers.

“Winning PMGO was a defining moment for us, but our journey is far from over,” said a representative of 4Thrives. “The Esports World Cup is our next challenge, and we’re excited to begin this new chapter with Walee, QuickTopUps, and BigBaat as we continue representing our fans and our region on the world stage.”

As the countdown to EWC 2026 begins, 4Thrives Walee will carry the momentum of a world championship victory into the biggest esports event in the world—representing not only a team, but the growing ambition of Pakistan’s esports ecosystem.

Pakistan’s Biggest Copper-Gold Mine Faces Possible Shutdown as Supply Disruptions Deepen

Pakistan’s largest operating copper and gold mine is at risk of suspending operations within the next month if the supply of essential materials is not restored, according to a report by the Financial Times. The development has raised fresh concerns about the country’s mining sector, industrial production, and export potential.

The warning comes as ongoing logistical disruptions continue to affect the transportation of critical materials required to keep mining operations running smoothly. If the situation remains unresolved, the shutdown could impact Pakistan’s mineral output and create additional economic challenges.

According to the report, the managing director of Saindak Metals Limited sent a letter to Pakistan’s Ministry of Energy on June 29, highlighting the growing operational risks caused by worsening law and order conditions in the region.

The letter explained that deteriorating security conditions have significantly disrupted the movement of essential cargo needed for mining activities. As transportation routes become increasingly unreliable, the company is struggling to maintain a consistent supply chain.

Mining operations rely heavily on the timely delivery of equipment, chemicals, fuel, spare parts, and other critical materials. Any prolonged interruption in these supplies can slow production and eventually force mining activities to halt altogether.

Saindak Metals Limited warned that if these logistical challenges continue, uninterrupted operations may no longer be sustainable. The company stressed that without immediate improvements in transportation and security, the mine could be forced to suspend production within weeks.

The Saindak Copper-Gold Project is one of Pakistan’s most significant mining operations and plays an important role in the country’s mineral industry. The mine contributes to copper and gold production while supporting employment, government revenues, and economic activity in the surrounding region.

A temporary shutdown could also affect businesses connected to the mining supply chain, including transport operators, contractors, and local service providers. Industry experts note that disruptions in major mining projects can reduce export earnings and discourage future investment if operational risks remain unresolved.

Pakistan has been working to attract greater foreign and domestic investment into its mineral resources, particularly in copper and gold projects. Stable operations and secure logistics are considered essential for maintaining investor confidence and ensuring long-term growth in the sector.

The latest warning highlights the broader importance of reliable infrastructure and improved security for strategic industries. Ensuring uninterrupted transportation of essential supplies remains critical for protecting production, supporting economic activity, and maximizing the value of Pakistan’s natural resources.

Government authorities are expected to assess the concerns raised by Saindak Metals Limited as stakeholders monitor whether measures will be introduced to restore supply routes and prevent the country’s largest operating copper and gold mine from shutting down.

DADA PARTNERS ADVISES NISHAT GROUP ON THE LARGEST PRIVATE SECTOR CROSS-BORDER ACQUISITION OF A LISTED COMPANY IN PAKISTAN’S CORPORATE HISTORY

KARACHI: Dada Partners (Private) Limited acted as exclusive financial advisor to the Nishat Group on acquiring a controlling stake in Rafhan Maize Products Company Limited. This is the largest private sector cross border M&A transaction of a listed company in Pakistan, excluding privatizations.

This landmark transaction, totaling approximately PKR 66 billion, entailed the acquisition of 73.9% shares of the Company by the Nishat Group. 51% was purchased from the majority shareholder Ingredion Incorporated, USA, which has retained a strategic minority shareholding. An additional 20.5% was purchased from a minority shareholder and 2.4% through the mandatory public offer. As a result, the Nishat Group now has a super-majority interest of 75.9%.

In this multifaceted transaction, Dada Partners advised the group across all stages of the process, including deal origination, due diligence and valuation, competitive bidding and negotiation, execution of share purchase agreement and transfer of controlling stake. The process also covered the post-transaction governance framework between Nishat Group and Ingredion as a continuing minority shareholder, regulatory approvals for competition, the public offer and foreign exchange remittance, and bank FCY acquisition financing.

Commenting on the transaction, Shazad Dada, Founder and Managing Partner of Dada Partners, said, “We are delighted to have advised Nishat Group on this historic cross-border acquisition, bringing together one of Pakistan’s largest business groups and a global multinational. Its successful completion demonstrates that local investors continue to have an interest in marquee assets while international groups continue to view Pakistan favorably by collaborating with strong local partners.

I would like to thank the Mansha family for their strategic vision on this acquisition and their trust in Dada Partners. We also appreciate the collaboration with Ingredion, the Monnoo family, our fellow advisors, legal counsels, the State Bank of Pakistan, the Securities and Exchange Commission of Pakistan and the Competition Commission of Pakistan for their support in bringing this transaction to a successful close.”

The successful completion of this transaction marks a significant milestone for Nishat Group’s expansion into Pakistan’s food processing sector and focus on value added exports, while reinforcing Dada Partners’ track record in advising on complex mergers and acquisitions involving cross-border execution, regulatory approvals, sophisticated financing structures and multi-party stakeholder coordination.

Dada Partners acted as the exclusive financial advisor to the Nishat Group throughout the transaction, while Cornelius, Lane and Mufti (CLM) served as legal counsel, and Next Capital were the Manager to the Offer on the public offer. Dubai Islamic Bank were the foreign currency lender to the transaction.

About Dada Partners

Dada Partners (Private) Limited, established in 2023, is an independent boutique advisory firm based in Pakistan, providing mergers and acquisitions, capital markets, and corporate finance and restructuring advisory to leading local and regional corporate and institutional clients.

Recently, Dada Partners advised Amreli Steels Limited on one of the largest debt restructurings in Pakistan and has now advised Nishat Group on its landmark private sector cross-border acquisition of a controlling stake in Rafhan Maize from Ingredion Incorporated. Dada Partners continues to establish itself as a trusted, independent advisor on some of the most significant transactions in the Pakistani market.

PM Shehbaz Sharif Orders Full Digitization of Overseas Remittances to Promote Digital Payments

Prime Minister Shehbaz Sharif has directed authorities to take steps toward making overseas remittances 100 percent digital as part of the government’s broader strategy to expand digital payments and improve financial transparency in Pakistan.

The directive was issued during a meeting on digital payments held in Islamabad on Tuesday, where the prime minister reviewed progress on the country’s digital financial transformation initiatives. He instructed relevant authorities to accelerate efforts aimed at increasing the use of secure and technology-based payment systems.

During the meeting, PM Shehbaz emphasized the need to strengthen awareness campaigns to encourage merchants and businesses to adopt QR code-based payment systems. He said expanding digital payment options would help create a more modern, efficient, and transparent financial ecosystem.

The prime minister was informed that significant progress has already been made in the digitization of overseas remittances. According to officials, around 92 percent of remittances were received through digital channels during the last fiscal year, showing growing acceptance of electronic financial services among overseas Pakistanis.

The government believes that shifting remittances completely to digital platforms will improve transaction security, reduce dependence on informal channels, and provide better monitoring of foreign currency inflows. Digital systems can also make it easier for overseas Pakistanis to send money quickly and conveniently to their families.

Financial experts note that remittances play a crucial role in Pakistan’s economy by supporting foreign exchange reserves, household incomes, and economic activity. With millions of Pakistanis working abroad, ensuring efficient and transparent remittance channels remains a key policy priority.

The adoption of QR code payments is also expected to support small businesses, retailers, and service providers by reducing reliance on cash transactions. Digital payment solutions can help merchants maintain transaction records, improve financial inclusion, and connect more people with formal banking services.

The government has been promoting digital transformation across various sectors, including banking, taxation, commerce, and public services. Officials believe that increased digital adoption can contribute to greater economic documentation and improved access to financial services.

PM Shehbaz Sharif directed authorities to continue working with banks, financial institutions, and technology companies to expand digital payment infrastructure across the country. The goal is to create an environment where digital transactions become easier, safer, and more accessible for citizens and businesses.

The latest initiative reflects Pakistan’s growing focus on building a digital economy where technology-driven financial services support economic growth, transparency, and inclusion.

PCB Likely to Stage Four-Team One-Day Tournament in Multan Ahead of 2027 World Cup

The Pakistan Cricket Board (PCB) is expected to organize a four-team One Day tournament in Multan from August 11 to 18 as part of its long-term preparations for the 2027 ICC Men’s Cricket World Cup. The proposed event is aimed at strengthening Pakistan’s ODI squad by providing top players with competitive match practice.

The tournament is likely to feature the country’s leading white-ball cricketers, giving selectors and the coaching staff an opportunity to evaluate players in a high-quality domestic environment. The competition is expected to play an important role in identifying the core group that will form the foundation of Pakistan’s World Cup campaign.

According to reports, participation in the tournament will be mandatory for national white-ball players. PCB officials want to ensure that all leading ODI cricketers are available for selection and assessment as the board begins planning well in advance for cricket’s biggest 50-over event.

The tournament is expected to offer players valuable match experience while allowing the team management to test combinations, assess individual performances, and evaluate emerging talent. Strong performances could boost the chances of domestic players pushing for national selection ahead of future international assignments.

Multan has become one of Pakistan’s prominent cricket venues in recent years, regularly hosting international fixtures and domestic competitions. Its modern facilities and favorable playing conditions make it a suitable location for an event designed to prepare players for high-pressure international cricket.

The PCB has increasingly focused on strengthening the domestic structure to ensure a consistent pipeline of talent for the national team. Competitive tournaments featuring Pakistan’s top cricketers are considered an essential part of building squad depth and maintaining performance standards ahead of major ICC events.

With the 2027 ICC Men’s Cricket World Cup still more than a year away, the board appears to be adopting a long-term strategy by giving selectors sufficient time to monitor players, develop combinations, and build a balanced ODI squad capable of competing on the global stage.

While the schedule and participating teams are yet to receive official confirmation, the proposed four-team tournament is expected to become an important milestone in Pakistan’s preparations. Cricket fans will be closely watching the competition as it could shape the future of Pakistan’s one-day squad and influence selections for upcoming international series.

Date and Time Confirmed for First Total Solar Eclipse of 2026: Where and When to Watch the Rare Celestial Event

A rare total solar eclipse is set to captivate millions of skywatchers around the world on August 12, 2026, marking the first total solar eclipse of the year. The highly anticipated astronomical event will offer a spectacular view as the Moon completely passes in front of the Sun, temporarily turning day into twilight for those located within the path of totality.

The eclipse is expected to attract astronomers, photographers, travelers, and science enthusiasts eager to witness one of nature’s most extraordinary phenomena. While people outside the path of totality may still experience a partial solar eclipse, only those within the Moon’s central shadow will be able to enjoy the full spectacle.

According to the confirmed eclipse path, the Moon’s shadow will travel across Greenland, Iceland, northern Russia, the Atlantic Ocean, Spain, and a small section of Portugal. These locations will have the opportunity to witness totality, where the Sun is completely obscured for a brief period.

Spain is expected to become one of the most popular viewing destinations due to its accessibility and favorable weather conditions during August. Experts anticipate an increase in tourism as visitors from across Europe and other regions travel to experience the celestial event firsthand.

Astronomers advise people planning to observe the eclipse to prepare in advance by selecting safe viewing locations and using certified solar viewing glasses during all partial phases of the eclipse. Looking directly at the Sun without proper eye protection can cause permanent eye damage, even during an eclipse.

During the brief period of totality, however, observers within the eclipse’s central path can safely view the Sun’s outer atmosphere, known as the corona, without eclipse glasses. This dazzling halo of light is only visible during a total solar eclipse and is considered one of astronomy’s most breathtaking sights.

The exact viewing time will vary depending on the observer’s location along the eclipse path. Local astronomical organizations and observatories are expected to publish detailed schedules closer to the event, allowing residents and visitors to plan their observations with precision.

Total solar eclipses occur because the apparent sizes of the Sun and Moon align almost perfectly as viewed from Earth. Although solar eclipses happen somewhere on Earth every year or two, a total eclipse at any specific location is exceptionally rare, often occurring only once in several centuries.

Scientists also use these events to study the Sun’s corona, solar activity, and atmospheric conditions. Beyond their scientific importance, total solar eclipses continue to inspire public interest in astronomy and space science around the world.

With the countdown underway, the August 12, 2026 total solar eclipse is expected to become one of the year’s most remarkable astronomical events, offering an unforgettable experience for those fortunate enough to stand beneath the Moon’s shadow.

Karachi Reopens Major Sections of University Road to Improve Traffic Flow

Karachi commuters have received welcome relief as authorities reopened several newly completed sections of University Road, a key development in the city’s ongoing road infrastructure upgrade project.

According to officials, both carriageways between Hassan Square and Jail Road are now open to traffic in both directions. The reopening is expected to improve vehicle movement along one of Karachi’s busiest and most congested routes.

University Road serves as a vital transportation corridor, connecting residential neighborhoods, educational institutions, commercial centers, and healthcare facilities across the city. The reopening of these sections is expected to reduce travel times and ease daily traffic congestion for thousands of motorists.

The road improvement project has been underway for an extended period, causing diversions and delays for commuters. With the completion of the newly reconstructed carriageways, traffic can now move more smoothly through this important stretch, bringing relief to regular road users.

Officials stated that restoring uninterrupted traffic flow is a major milestone in the broader infrastructure development initiative. The upgraded road is designed to enhance driving conditions, improve safety, and support the increasing volume of vehicles using the corridor each day.

Residents and commuters have welcomed the reopening, expressing hope that the improved road network will reduce bottlenecks during peak travel hours. Businesses operating along the route are also expected to benefit from easier accessibility and improved transportation links.

Urban infrastructure projects such as the University Road upgrade play an important role in supporting Karachi’s growing population and expanding transportation needs. Improved road connectivity can contribute to better mobility, lower travel costs, and greater efficiency for both public and private transport.

Authorities are expected to continue work on the remaining portions of the project while ensuring minimal disruption to traffic. Motorists have been advised to follow traffic instructions and exercise caution around any ongoing construction activity until the entire development is completed.

The reopening of the Hassan Square to Jail Road carriageways marks a significant step toward improving Karachi’s road network and reflects continued efforts to modernize the city’s transport infrastructure for residents and daily commuters.

Europe Heatwave Claims Nearly 10,000 Lives in June as Elderly Face Highest Risk

A devastating heatwave that swept across Europe in June claimed nearly 10,000 lives, highlighting the growing impact of extreme weather events linked to rising global temperatures.

According to European officials, the majority of those who died were older adults, with around 9,000 victims aged 65 or above. The figures underline the heightened vulnerability of elderly populations during prolonged periods of extreme heat.

The data was compiled from 27 European countries, providing a broad picture of the human toll caused by one of the continent’s most intense heatwaves in recent years. Health authorities continue to assess the long-term effects of extreme temperatures on public health systems.

England and Wales recorded approximately 2,700 heat-related deaths, making them among the hardest-hit regions during the June heatwave. France and Spain together reported more than 2,000 fatalities, reflecting the widespread impact of soaring temperatures across Western Europe.

Public health experts have warned that heatwaves are becoming more frequent, lasting longer, and reaching higher temperatures due to climate change. These conditions significantly increase the risk of heat exhaustion, dehydration, heatstroke, and cardiovascular complications, particularly among older adults and individuals with pre-existing medical conditions.

In addition to the elderly, other vulnerable groups include young children, people with chronic illnesses, outdoor workers, and individuals without access to adequate cooling. Authorities across Europe have repeatedly urged residents to stay hydrated, avoid prolonged exposure to direct sunlight, and check on family members and neighbors who may be at greater risk.

Scientists say climate change continues to intensify extreme weather patterns around the world, increasing the likelihood of severe heatwaves during the summer months. Rising global temperatures are placing additional pressure on healthcare systems, infrastructure, and emergency services as governments work to protect vulnerable communities.

Many European countries have expanded heat action plans, including public cooling centers, emergency weather alerts, and awareness campaigns designed to reduce heat-related illnesses and fatalities. Experts stress that long-term adaptation measures, alongside efforts to reduce greenhouse gas emissions, will be essential to limiting future climate-related health risks.

The latest figures serve as another reminder of the growing challenges posed by climate change and the importance of preparedness as extreme weather events become more common across Europe and other regions of the world.

Soya Supreme Cooking Oil Maker Plans Rs. 2.6 Billion PSX IPO to Expand Operations

Agro Processors & Atmospheric Gases Limited, the company behind Pakistan’s well-known Soya Supreme cooking oil brand, is preparing to enter the Pakistan Stock Exchange (PSX) with an initial public offering (IPO) worth up to Rs. 2.6 billion.

The Karachi-based company aims to raise fresh capital to support its long-term growth strategy. The IPO is expected to strengthen the company’s production capabilities while supporting investments in sustainable infrastructure and renewable energy.

According to Chief Executive Officer Ahmad Aziz Ghulamhussain, approximately 40 percent of the funds raised through the IPO will be allocated to expanding the company’s edible oil refining capacity. The planned investment will increase annual refining capacity by nearly one-third, reaching around 120,000 tonnes per year.

The expansion comes at a time when Pakistan’s edible oil industry continues to experience growing demand. By increasing production capacity, the company hopes to improve operational efficiency, meet rising consumer needs, and strengthen its position in the country’s competitive cooking oil market.

The remaining proceeds from the IPO will be used to develop a modern storage facility designed to improve inventory management and supply chain operations. Better storage infrastructure is expected to enhance product availability while supporting future business expansion.

In addition to operational improvements, Agro Processors & Atmospheric Gases Limited plans to invest in renewable energy initiatives. These include biomass and solar power projects that are expected to reduce energy costs and support environmentally responsible manufacturing practices.

The move reflects a broader trend among Pakistani manufacturers seeking to improve sustainability while lowering long-term operational expenses. Renewable energy investments have become increasingly important as companies work to manage energy challenges and improve production efficiency.

The planned IPO also highlights growing activity in Pakistan’s capital markets, with more local businesses exploring public listings to finance expansion projects. Access to equity financing allows companies to invest in technology, infrastructure, and production without relying solely on traditional borrowing.

Industry observers believe that expanding refining capacity alongside investments in renewable energy could help Agro Processors & Atmospheric Gases Limited improve competitiveness in the edible oil sector. The company’s focus on operational growth and sustainability may also attract investors looking for businesses with long-term expansion plans.

If completed successfully, the IPO will provide the financial resources needed to support the next phase of growth for the company behind the Soya Supreme brand, while contributing to greater industrial investment and modernization within Pakistan’s food processing sector.

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