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.

NBP Pensioners to Receive Government Pension Increases After Court Rejects Bank Appeal

Retired employees of the National Bank of Pakistan (NBP) are set to receive government-announced pension increases after the Federal Constitutional Court of Pakistan dismissed the bank’s appeal in a long-running pension dispute.

The development was disclosed by NBP to the Pakistan Stock Exchange (PSX) on September 17, following the court’s reserved judgment announced on September 16, 2026. The case concerns the entitlement of NBP pensioners to increases granted by the government to pensions.

According to NBP’s material disclosure, the case is Civil Appeal No. 1688/2021, titled National Bank of Pakistan and others versus Khawaja Abdul Hameed Nasir and others.

The bank stated that the Federal Constitutional Court dismissed its appeal, thereby entitling its pensioners to receive government increases in their pensions. However, NBP also said that the detailed text of the judgment is still awaited.

The court decision brings a significant development to a pension dispute that has remained under litigation for several years. The matter concerns a class of retired NBP employees who sought the application of government-announced pension increases to their retirement benefits.

The Lahore High Court had previously ruled in favor of pensioners in 2016 and directed NBP to extend the relevant government pension increases to its pensioners. The matter subsequently remained subject to further legal proceedings.

The latest decision means that the bank’s appeal against the pensioners’ claim has been dismissed. However, several practical details remain unclear until the complete judgment is released.

In particular, the available disclosure does not specify the exact number of pensioners covered by the ruling, the total financial liability for NBP, the applicable period of the increases or whether additional arrears will be payable.

These details could be important for both retired employees and NBP because the financial implications will depend on the scope of the court’s final directions and how the ruling is implemented.

The case also has a broader connection with earlier litigation involving NBP employees and pension-related benefits. A 2003 Supreme Court judgment in the Khawaja Abdul Hameed Nasir case dealt with retirement benefits for NBP employees and held that benefits could extend to employees falling within the relevant class.

The present appeal, however, specifically concerns government-announced pension increases and is being followed as a separate development in the bank’s long-running pension litigation.

For NBP retirees, the dismissal of the appeal provides an important legal development because the bank has disclosed that its pensioners are entitled to the government increases. The next stage will depend on the detailed judgment and subsequent implementation.

Until the full judgment becomes available, pensioners may need to wait for clarification regarding the exact calculation of revised pensions, any arrears, the applicable dates and the procedure through which the increases will be implemented.

The decision is also expected to remain relevant for NBP’s financial planning because the eventual cost will depend on the number of eligible pensioners and the period for which the government increases are applicable.

For now, the key point confirmed by NBP is that the Federal Constitutional Court has dismissed the bank’s appeal in Civil Appeal No. 1688/2021 and that its pensioners are entitled to receive government-announced pension increases. The detailed financial and implementation consequences will become clearer once the complete court judgment is released.

Gold Prices Jump Nearly Rs. 8,000 Per Tola in Pakistan

Gold prices in Pakistan recorded a sharp increase on Wednesday, with the price of 24-karat gold rising by nearly Rs. 8,000 per tola as local rates followed the upward movement in international gold markets.

According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold climbed by Rs. 7,900 during the latest trading session.

After the increase, one tola of 24-karat gold closed at Rs. 457,236 in the Pakistani market. The latest movement marks a significant daily rise for consumers, investors and businesses dealing in precious metals.

The increase was also reflected in the price of gold measured by weight in grams. The price of 10 grams of 24-karat gold settled at Rs. 392,006 after gaining Rs. 6,773.

Gold prices in Pakistan are closely linked to movements in international bullion markets, while domestic rates can also be affected by currency movements and local market conditions.

The latest increase comes as global gold prices also moved higher, contributing to the upward adjustment in Pakistan’s local bullion market.

For jewellery buyers, a rise in the international and domestic price of gold can increase the cost of purchasing new jewellery. Retail prices may also differ from the benchmark bullion rate because of making charges, design costs and other market factors.

Investors and gold traders generally monitor international gold prices alongside local market rates to understand the direction of the precious metals market.

The latest APGJSA figures place the 24-karat gold price at Rs. 457,236 per tola, while 10 grams of gold are priced at Rs. 392,006.

The sharp one-day increase highlights the continued sensitivity of Pakistan’s gold market to movements in global bullion prices. Consumers planning to buy gold may therefore continue to watch both international trends and domestic market updates before making purchasing decisions.

SBP Excludes Bank Employees From Prime Minister’s Apna Ghar Housing Scheme

The State Bank of Pakistan (SBP) has barred employees of banks and other financial institutions from benefiting from the Prime Minister’s Apna Ghar housing finance scheme.

The restriction applies to employees working for commercial banks, development finance institutions and microfinance banks, preventing them from applying for financing under the government-backed housing programme.

The scheme is also known as the Wazir-e-Azam Apna Ghar Program and is intended to facilitate access to housing finance for eligible applicants.

Under the latest instructions, employees of participating financial institutions will not be permitted to take advantage of the scheme’s financing facilities.

The decision covers staff members working across several categories of financial institutions regulated under Pakistan’s banking and financial system.

Commercial bank employees are among those affected by the restriction. The same exclusion applies to employees of development finance institutions and microfinance banks.

The move establishes a specific eligibility limitation for people who work within the financial institutions involved in providing banking and housing finance services.

The Prime Minister’s Apna Ghar programme is part of broader efforts to expand access to housing finance and support individuals seeking to purchase, construct or otherwise finance residential property, subject to the programme’s applicable eligibility requirements.

By excluding employees of banks and other participating financial institutions, the SBP has created a separate rule governing access for workers within the financial sector.

The restriction is particularly relevant because banks and financial institutions play a central role in processing and providing housing finance. Employees of these institutions therefore fall under a specific eligibility condition for the programme.

Applicants seeking housing finance under the Apna Ghar scheme will need to meet the programme’s eligibility requirements, including any restrictions issued by the central bank.

The latest SBP direction also provides financial institutions with clearer guidance regarding which categories of their employees are not eligible for the subsidized housing finance facility.

For individuals outside the excluded categories, eligibility will continue to depend on the applicable rules and conditions of the Prime Minister’s Apna Ghar housing finance programme.

The development highlights the role of the State Bank of Pakistan in establishing and supervising rules governing housing finance schemes implemented through the country’s banking sector.

The restriction on bank employees is now an important eligibility consideration for anyone working in a commercial bank, development finance institution or microfinance bank who may otherwise have considered applying for the programme.

Rescue 1122 Launches Fire Safety and First Aid Campaign Across Shangla

Rescue 1122 Shangla has launched a district-wide fire safety and first aid awareness campaign aimed at improving emergency preparedness among students, government employees and the wider community.

The initiative focuses on teaching basic life-saving skills that can help people respond effectively during fires, accidents and other emergencies before professional rescue teams arrive.

As part of the campaign, Rescue 1122 organized a one-day training and awareness session at Government Degree College Chakesar, where students were given practical guidance on handling emergency situations.

The training covered essential first aid techniques, fire prevention measures and safe evacuation procedures. Students were also encouraged to remain calm and follow safety protocols during emergencies.

The campaign is designed to increase public awareness about the importance of immediate action during critical situations. Basic first aid knowledge can help reduce risks and provide vital support while injured or affected individuals wait for professional medical assistance.

Fire safety was another key part of the awareness session. Participants were educated about common fire hazards and the importance of taking preventive measures in educational institutions, offices and other public places.

Rescue 1122 officials also highlighted the importance of having clear evacuation plans. Knowing how to safely leave a building during a fire or other emergency can help prevent panic and reduce the possibility of injuries.

Educational institutions have an important role in promoting emergency preparedness because large numbers of students and staff spend significant time on school and college premises. Regular safety training can help create a more informed and prepared environment.

The campaign also extends to government offices across Shangla, where employees can benefit from training in first aid, fire prevention and emergency response. Such knowledge can prove useful in dealing with workplace accidents and unexpected incidents.

Rescue 1122’s awareness initiative reflects the importance of community participation in emergency response. Professional rescue services may require time to reach an incident, making basic knowledge among people at the scene particularly valuable.

By taking fire safety and first aid training directly to educational institutions and government workplaces, Rescue 1122 Shangla is seeking to strengthen public understanding of emergency procedures across the district.

The campaign also provides an opportunity for citizens to learn practical skills rather than relying only on theoretical safety information. Hands-on training can help participants better understand how to react when faced with an emergency.

Public awareness remains an important part of reducing the impact of accidents and emergencies. Training students, employees and other community members can help build a culture where people understand how to prevent avoidable risks and respond responsibly when incidents occur.

The Rescue 1122 campaign in Shangla highlights the value of combining professional emergency services with community-level preparedness. The initiative is expected to support greater awareness of fire prevention, first aid and safe evacuation procedures among people across the district.

Government Considers Three-Day Smart Petroleum Lockdown as Petrol Prices Near Rs. 400

The federal government is considering a range of emergency measures to reduce petrol consumption in Pakistan as international energy pressures increase amid the ongoing US-Iran conflict, according to sources.

Officials are reportedly examining different strategies to maintain uninterrupted fuel supplies and manage the potential impact of changing global conditions on Pakistan’s energy sector.

One proposal under consideration is a “smart petroleum lockdown” that could give citizens three days off each week while maintaining normal work and government activities for the remaining four days.

Under the proposal being discussed, Friday, Saturday and Sunday could become restricted-movement days. The objective would be to reduce unnecessary travel and lower national petrol consumption.

The proposal comes as concerns grow over international energy markets and the potential impact of geopolitical tensions on petroleum supplies and prices.

Sources said the government is studying ways to conserve fuel at the national level without completely shutting down economic and government activity.

If approved, the proposed arrangement would allow businesses and government offices to continue operating for four days each week. The three-day period would instead focus on reducing unnecessary movement and limiting fuel consumption.

The plan is being described as a possible emergency response rather than a confirmed government decision. Authorities are still reviewing its potential effects before any final announcement is made.

Officials are also considering how restrictions on movement during weekends could affect businesses, public transportation, workers and other daily activities.

A major consideration for policymakers is ensuring that any fuel conservation strategy does not unnecessarily disrupt essential services or economic activity.

Sources said consultations are underway among relevant ministries and government departments regarding the proposed smart petroleum lockdown.

The government is reportedly assessing the expected reduction in petrol demand as well as the practical challenges involved in implementing restricted movement for three consecutive days.

The proposed strategy could become particularly significant if international developments continue to place pressure on petroleum supplies and prices. Pakistan relies heavily on imported petroleum products, making global oil market movements an important factor for the domestic economy.

A final report containing recommendations on the proposed smart petroleum lockdown is expected to be presented to Prime Minister Shehbaz Sharif.

The prime minister is expected to review the recommendations before deciding whether the proposal should be implemented. Relevant ministries and departments may also provide additional suggestions before a final decision is taken.

The government has not yet finalized the duration, scope or exact implementation mechanism of the proposed restrictions, according to the information provided by sources.

If approved, the plan could represent an unusual step aimed at reducing fuel demand without bringing economic activity to a complete halt.

The government’s immediate focus is reportedly on conserving petroleum, discouraging unnecessary travel and ensuring that available fuel supplies remain sufficient to meet essential needs.

For now, the three-day smart petroleum lockdown remains under consideration. Citizens should wait for an official government announcement before treating Friday, Saturday and Sunday restrictions as confirmed.

Any final decision will depend on the recommendations submitted to the prime minister and consultations with the relevant government departments.

Pakistan and IAEA Sign Safeguards Agreement for 1,200MW Chashma-5 Nuclear Power Plant

Pakistan and the International Atomic Energy Agency (IAEA) have signed a safeguards agreement covering Unit-5 of the Chashma Nuclear Power Plant, marking an important development in the country’s expanding nuclear energy program.

The agreement was signed by Dr. Raja Ali Raza Anwar, Chairman of the Pakistan Atomic Energy Commission (PAEC), and Rafael Mariano Grossi, Director General of the IAEA.

The signing ceremony took place at the IAEA Headquarters on the sidelines of the agency’s 70th General Conference. Shan Zhongde, Chairman of the China Atomic Energy Authority (CAEA), also witnessed the ceremony.

The safeguards agreement provides the framework for the application of IAEA safeguards at Chashma Unit-5, commonly referred to as C-5.

The IAEA Board of Governors unanimously approved the agreement at its meeting in March 2026. Its signing represents a further step toward implementing the safeguards arrangements for the new nuclear power unit.

The development also reflects Pakistan’s stated commitment to the peaceful use of nuclear technology and its obligations relating to nuclear safeguards and non-proliferation.

Construction work on Chashma-5 is progressing, with the project reaching several major milestones. One of the notable achievements has been the early completion of the reactor building dome placement.

Chashma-5 is designed to have a gross generation capacity of 1,200 megawatts electric (MW(e)). The nuclear power unit is scheduled to begin commercial operations in 2028.

Once completed, C-5 is expected to provide a significant addition to Pakistan’s electricity supply. Nuclear power can provide continuous electricity generation while producing relatively low carbon emissions during operation.

The project is therefore expected to support Pakistan’s broader objectives related to energy security, climate goals and sustainable economic development.

Pakistan already has considerable experience in operating nuclear power facilities. The country currently operates six nuclear power plants with a combined installed capacity of 3,530 MW(e).

According to the information provided by PAEC, these nuclear facilities have maintained an average capacity factor of more than 90 percent. Pakistan also has more than 100 reactor-years of operational experience.

PAEC says the country’s nuclear power plants have operated with an emphasis on safety, security and safeguards in line with international standards.

The Chashma-5 agreement also highlights the continuing role of international safeguards in Pakistan’s civilian nuclear energy program. Such arrangements provide a framework for the IAEA to apply safeguards to nuclear material and activities covered by an agreement.

Alongside the safeguards signing, Pakistani and Chinese officials held a bilateral meeting to discuss existing and future cooperation in the peaceful applications of nuclear science and technology.

The Pakistani delegation was led by Dr. Raja Ali Raza Anwar, while the Chinese delegation was headed by Shan Zhongde. Mohammad Kamran Akhtar Malik, Pakistan’s Ambassador to Austria and Permanent Representative to the IAEA, also attended the meeting.

Pakistan and China have maintained longstanding cooperation in the civilian nuclear energy sector, including the development of nuclear power projects at Chashma.

During his visit, the PAEC chairman also participated as a keynote speaker at two high-level side events organized by the China Atomic Energy Authority, China’s Permanent Mission in Vienna and Chinese organizations involved in nuclear science and applications.

The signing of the safeguards agreement for C-5 comes as Pakistan continues to expand nuclear power as part of its strategy to strengthen electricity generation and diversify its energy mix.

With a planned capacity of 1,200 MW(e), Chashma-5 is expected to become an important component of Pakistan’s future nuclear electricity generation capacity when it is commissioned in 2028.

The agreement with the IAEA marks another key stage in the development of the project and establishes the safeguards framework needed as Pakistan moves toward the future operation of the Chashma-5 nuclear power plant.

Pakistani Gangs Allegedly Linked to Contract Killings in South Africa, Senate Committee Briefed

Concerns over the safety of Pakistani nationals in South Africa have emerged after the Senate Standing Committee on Foreign Affairs was briefed about alleged organized criminal activity involving some members of the Pakistani community.

Officials from the Pakistan High Commission in South Africa informed the committee that organized Pakistani gangs are reportedly active in the country. Some individuals were also allegedly involved in contract killings connected to personal and business disputes.

The briefing was presented as lawmakers reviewed the situation faced by Pakistani citizens living in South Africa. The matter has raised questions about security risks and criminal networks affecting members of the Pakistani diaspora.

The committee, chaired by Senator Agha Shahzaib Durrani, received details from the Pakistan High Commission regarding recent incidents involving Pakistani nationals.

Officials reportedly told the committee that four Pakistanis who were recently killed in South Africa had been targeted following a personal dispute. Information about an alleged contract-killing plan also emerged during the investigation into the incident.

The disclosure has added a serious dimension to the killings, as contract killings generally involve attacks allegedly arranged or financed by another person rather than occurring as spontaneous acts of violence.

However, the allegations presented to the committee do not mean that the wider Pakistani community in South Africa is involved in criminal activity. Any individual’s involvement in organized crime or contract killings would need to be established through investigations and the appropriate legal process.

The briefing highlights the challenges faced by Pakistani citizens living abroad, particularly in cases involving serious criminal disputes. Diplomatic missions can play an important role by maintaining contact with local authorities and providing consular assistance to Pakistani nationals.

The reported incidents also underline the importance of cooperation between Pakistani and South African authorities when crimes involve citizens of both countries. Cross-border investigations can require coordination between law-enforcement agencies, diplomatic officials and other relevant institutions.

Personal and commercial disagreements can sometimes develop into serious criminal matters when they are handled outside legal channels. The allegations discussed by the Senate committee therefore raise broader concerns about dispute-related violence and the possible use of criminal networks.

The Pakistan High Commission’s briefing provides lawmakers with information about the circumstances surrounding the recent deaths and the security environment affecting Pakistani nationals in South Africa.

The reported targeting of four Pakistanis over a personal dispute is particularly significant because it suggests that the killings may have stemmed from a specific conflict rather than being random incidents. Authorities will need to establish the circumstances and identify anyone responsible through formal investigations.

The alleged contract-killing connection could also become an important part of the investigation if evidence supports the claim. Determining who planned an attack, who may have financed it and who carried it out would require evidence gathered by law-enforcement agencies.

For Pakistanis residing in South Africa, the developments serve as a reminder of the importance of using lawful mechanisms to resolve personal and business disputes. Individuals facing threats can seek help from South African authorities and, where appropriate, contact Pakistani diplomatic representatives for consular guidance.

The Senate committee’s discussion has brought the issue of Pakistani nationals’ security in South Africa into focus. Further developments will depend on investigations and any legal proceedings arising from the reported killings and alleged criminal activity.

At this stage, the claims regarding organized gangs and contract killings should be understood as allegations reported during a briefing to the Senate committee. Final responsibility can only be determined through competent investigations and the legal process.

Gold Prices Fall Sharply Again in Pakistan

Gold prices in Pakistan declined sharply on Monday, continuing a downward trend that was also observed in international gold markets.

According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold fell by Rs. 3,800 per tola to close at Rs. 453,336.

The latest decline comes as movements in the domestic gold market continue to reflect changes in international bullion prices. Gold prices in Pakistan are influenced by global market trends, currency movements and local demand.

The price of 10-gram 24-karat gold also recorded a significant decrease. It settled at Rs. 388,662 after losing Rs. 3,258 during the session.

The latest figures provide a fresh indication of volatility in Pakistan’s precious metals market. Gold has remained closely watched by investors, jewelers and consumers as prices have moved sharply in recent periods.

For investors, changes in gold prices can influence decisions about buying or selling the precious metal as a store of value. Many Pakistani households also consider gold an important form of savings, particularly during periods of economic uncertainty.

Jewelry buyers may also pay close attention to daily price changes because fluctuations in the value of gold can have a direct impact on the final cost of jewelry. Additional charges for craftsmanship and other factors are generally separate from the underlying gold rate.

The international market remains an important factor behind local gold price movements. When global gold prices rise or fall, domestic markets can experience similar changes after accounting for currency exchange rates and other local market conditions.

The latest decline therefore highlights the close connection between Pakistan’s gold market and global bullion trends. Investors and consumers will be watching international prices for indications of where domestic rates could move next.

The APGJSA figures are widely followed for daily gold price updates in Pakistan. Market participants typically use these rates as a reference when assessing the value of gold in the local market.

With 24-karat gold now at Rs. 453,336 per tola, the latest reduction represents another notable move in the domestic market. The 10-gram rate has similarly fallen to Rs. 388,662.

Future gold prices in Pakistan will depend on several factors, including international bullion movements, the Pakistani rupee’s value against major currencies and changing conditions in global financial markets.

Consumers planning to purchase gold may therefore continue monitoring daily rates before making buying decisions, while investors are likely to remain focused on developments in international gold markets and currency movements.

PIA Signs Interline Agreement With Afghanistan’s Kam Air

Pakistan International Airlines (PIA) has signed an interline agreement with Afghanistan’s Kam Air, creating a new travel option for passengers flying from Afghanistan to destinations in the Middle East through Islamabad.

The agreement is designed to make international travel more convenient by allowing passengers to book their complete journey under a single reservation rather than purchasing separate tickets for different flight segments.

Under the arrangement, travelers can connect between Kam Air and PIA services through Islamabad as part of one booking. The development is expected to simplify the travel process for passengers who need to transit through Pakistan while continuing their journey to Middle Eastern destinations.

Interline agreements are commonly used by airlines to expand their networks without operating flights to every destination directly. Through cooperation with another carrier, airlines can offer passengers access to additional routes and connecting destinations.

For travelers from Afghanistan, the agreement could provide a more streamlined option for reaching Middle Eastern cities via Islamabad. A single reservation can make the overall booking process easier and may provide greater convenience when planning connecting flights.

Islamabad’s position as an important regional aviation hub also makes the Pakistani capital a practical transit point for passengers traveling between Afghanistan and other international destinations.

The agreement strengthens cooperation between PIA and Kam Air while potentially expanding the range of travel options available to passengers of both airlines. It also provides the carriers with an opportunity to improve connectivity across the region.

For passengers, one of the key advantages of an interline arrangement is the ability to arrange multiple flight segments through a unified booking. This can reduce the complexity associated with purchasing separate tickets for connecting journeys.

The partnership comes as regional air travel continues to develop, with airlines seeking new ways to connect passengers to international markets through strategic partnerships and transit hubs.

Middle Eastern destinations are particularly important for travelers from Afghanistan because of business, employment, family and religious travel. Easier connections through Islamabad could therefore be useful for a wide range of passengers.

The agreement may also contribute to greater passenger traffic through Islamabad International Airport as more travelers use the Pakistani capital as a connecting point.

PIA’s partnership with Kam Air represents another step toward improving regional air connectivity. By combining their networks through an interline arrangement, the two airlines can offer passengers a simpler way to plan journeys involving Afghanistan, Pakistan and the Middle East.

Travelers will still need to check the applicable schedules, connection times, baggage conditions and entry or transit requirements before booking, as these details can vary depending on the itinerary and destination.

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