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OGDC Announces New Gas and Condensate Discovery at Dars West-3 in Sindh

Oil and Gas Development Company Limited (PSX: OGDC) has announced the successful discovery of additional gas and condensate at a newly tested development well, Dars West-3, located in Tando Allah Yar district of Sindh.

According to a filing submitted to the Pakistan Stock Exchange, the well was drilled to a total depth of 2,100 meters within the C-Sands of the Lower Goru Formation. The company used its in-house technical expertise to conduct testing and evaluate the reservoir.

The discovery is expected to enhance OGDC’s production capacity and contribute to Pakistan’s domestic energy supply. Analysts note that successful exploration in the Lower Goru Formation supports ongoing efforts to reduce reliance on imported energy resources and strengthen local energy security.

OGDC’s technical team reported encouraging flow rates from the well, highlighting the potential for commercial extraction of both natural gas and condensate. The company plans to integrate the new well into its existing production infrastructure to maximize output.

This finding reflects OGDC’s commitment to systematic exploration and development in Sindh, which has historically been a significant region for Pakistan’s oil and gas sector. Investments in advanced drilling techniques and reservoir analysis continue to drive discoveries across the province.

Energy experts say that the new well will contribute to long-term energy sustainability in Pakistan, supporting both domestic consumption and industrial growth. Continued exploration in promising formations like Lower Goru is considered vital for maintaining consistent gas supplies nationwide.

The announcement also reinforces OGDC’s strategic focus on leveraging technical expertise and modern drilling technologies to unlock untapped hydrocarbon resources efficiently. This approach aligns with national priorities for energy independence and industrial development.

With further evaluation and optimization, Dars West-3 is expected to become a key contributor to OGDC’s production portfolio, strengthening the company’s role in meeting Pakistan’s growing energy demands.


PCB Chairman Mohsin Naqvi Vows Full Support for Pakistan Hockey Amid PHF Crisis

Pakistan Cricket Board Chairman Mohsin Naqvi has pledged continued institutional support for the national hockey team as turmoil grips the Pakistan Hockey Federation. His assurance comes at a critical time for Pakistan hockey, which is facing administrative uncertainty and operational challenges.

Naqvi met members of the national squad in Lahore, where players reportedly shared details of unpleasant experiences during the Pro Hockey League. Expressing regret over the alleged treatment, he assured the team they would not be left unsupported.

“We will facilitate hockey players in every possible way and extend complete cooperation to streamline hockey matters,” Naqvi stated during the meeting. His remarks signal a proactive approach from the PCB amid instability within the hockey federation.

With Pakistan preparing for the upcoming World Cup Qualifier tournament in Egypt, Naqvi directed officials to immediately arrange all essential requirements. These include air tickets, playing kits, and hotel accommodation to ensure smooth participation.

He also ordered the establishment of a training camp starting Friday and instructed authorities to finalize all logistical arrangements by Thursday night. The aim, he stressed, is to eliminate last-minute hurdles that could affect performance.

In addition, Naqvi instructed that injured players receive immediate medical care under PCB supervision. He encouraged the team to stay mentally focused and avoid distractions stemming from off-field issues.

“You should only focus on the game. Pakistan’s honor comes first. We will not allow the country’s dignity to be compromised under any circumstances,” he told the players.

During the meeting, Naqvi distributed cheques worth Rs1 million each to players, fulfilling an earlier commitment made after the team finished as runners-up in a recent national hockey tournament. The gesture was welcomed by the squad, who described it as timely encouragement during a difficult phase.

Following the meeting, Naqvi clarified on X that he is not assuming leadership of the PHF. His statement came shortly after Tariq Bugti resigned as PHF President and submitted his resignation to Prime Minister Shehbaz Sharif.

“I am not becoming Hockey Federation President, but we will assist players till this turmoil ends,” Naqvi wrote, reinforcing that the PCB’s involvement is temporary and focused solely on stabilizing the players’ situation.

Sports analysts note that this intervention highlights broader concerns about governance in Pakistan hockey. While the PCB’s support offers short-term relief, long-term structural reforms within the PHF will be essential for sustained revival.

As Pakistan prepares for international competition, the immediate focus remains on restoring confidence within the squad and ensuring uninterrupted preparation for the crucial qualifiers.


Government Announces Special Gas Supply Schedule for Sehri and Iftar During Ramazan 2026

The Ali Pervaiz Malik has announced a special gas supply schedule to ensure uninterrupted availability during Sehri and Iftar in Ramazan 2026.

According to the minister, gas will be supplied from 3:00 am to 10:30 pm throughout the holy month. Special operational arrangements have been implemented to prevent shortages during peak consumption hours, ensuring households and businesses have reliable access to cooking gas during critical times.

Key Highlights

  • Timing: Gas available from early morning 3:00 am until 10:30 pm daily.
  • Objective: Prevent disruptions during Sehri and Iftar, when demand peaks.
  • Implementation: Operational measures completed across gas distribution networks to manage supply efficiently.

Officials emphasized that these arrangements reflect the government’s commitment to public convenience and energy management during Ramazan.

Yango Pakistan and NowPDP Launch ‘Baikhtiyar Pakistan’ to Empower Drivers with Disabilities

Yango Pakistan, part of the global tech company Yango Group, has partnered with NOWPDP to launch Baikhtiyar Pakistan — an inclusive mobility and livelihood initiative aimed at creating sustainable earning opportunities for persons with disabilities through the Yango platform.

The program reflects Yango Group’s broader commitment to economic empowerment and digital inclusion across its markets. By reducing structural barriers to income generation, the initiative seeks to promote financial independence and workforce participation among persons with disabilities in Pakistan.

First Phase: Retro-Fitted Rickshaws

As part of the program’s initial phase, Yango Pakistan has distributed five specially retro-fitted rickshaws to individuals shortlisted by NOWPDP. The vehicles are designed to accommodate drivers with disabilities, enabling them to operate independently within the ride-hailing ecosystem.

The company plans to expand the fleet in future phases, scaling the initiative to reach more beneficiaries across the country.

Launch Ceremony in Karachi

The launch ceremony was held at the NOWPDP Centre of Excellence for Disability Inclusion in Karachi and was inaugurated by Saeed Ghani, Provincial Minister of Sindh for Labour and Information and Human Resources. The event was attended by senior government officials, representatives from international embassies, and leadership teams from both Yango Pakistan and NOWPDP.

Miral Sharif, Country Head at Yango Pakistan, emphasized that disability should not stand between opportunity and ambition. She highlighted the company’s commitment to advancing digital inclusion and creating sustainable earning models within the ride-hailing sector.

Amin Hashwani, President of NOWPDP, underscored the importance of public-private collaboration in driving systemic change. He noted that while initiatives like Baikhtiyar Pakistan demonstrate how innovation and social development can align, lasting impact will also require forward-looking legislation that supports workforce inclusion for persons with disabilities.

Driving Inclusive Growth

Through Baikhtiyar Pakistan, Yango aims to align technology with social impact — positioning itself not only as a mobility provider but as a partner in inclusive economic development. The initiative signals a growing emphasis on accessible entrepreneurship and equal opportunity within Pakistan’s evolving digital economy.

88% of Unlisted Licensed Companies Now Publicly Disclose Financial Results: SECP

The Securities and Exchange Commission of Pakistan (SECP) has announced that 88 percent of unlisted licensed companies are now publicly disclosing their audited annual financial statements, reflecting a major step forward in transparency and regulatory compliance.

In a statement issued on February 18, 2026, the regulator confirmed that these disclosures are being made through the Financial Portal for Unlisted Companies (FPUC) hosted by the Pakistan Stock Exchange (PSX). The move follows a directive issued last year requiring licensed but unlisted entities to upload their audited financial results for public access.

According to the SECP, the increased compliance rate demonstrates improved governance standards across regulated sectors. The initiative aims to enhance investor confidence, promote accountability, and align Pakistan’s corporate disclosure framework with international best practices.

Unlisted licensed companies — including entities operating in sectors such as insurance, non-banking finance, and capital markets — were previously not required to publicly share their financial statements in the same manner as listed firms. The introduction of the FPUC has created a centralized digital platform to ensure easier access to verified financial data.

The SECP emphasized that it will continue monitoring compliance and may take enforcement action against companies that fail to meet disclosure requirements.

Punjab Gas Supply Timings Announced for Ramadan With Extended Daily Availability

Gas consumers across Punjab will receive extended supply hours during Ramadan after Sui Northern Gas Pipelines Limited unveiled its revised distribution schedule for the holy month. The announcement applies to major cities including Lahore as well as other districts across the province.

Under the updated arrangement, gas will be available daily from 3:00am until 10:30pm, providing households with long supply hours for cooking and routine needs throughout the fasting period. The utility company confirmed that the plan is designed to facilitate consumers during both Sehri and Iftar while maintaining stability across the distribution network.

Officials explained that unlike previous seasonal supply plans that focused primarily on peak cooking periods, this year’s schedule aims to provide broader access across most of the day. The decision reflects efforts to ease public inconvenience and ensure smoother daily routines during Ramadan, when domestic gas usage typically rises.

According to Managing Director Amir Tufail, the company is committed to maintaining uninterrupted service during the announced timeframe. He emphasized that SNGPL will make every effort to avoid load management within these hours so consumers can rely on consistent availability for meal preparation and household activities.

The utility also addressed concerns about low pressure in certain areas. Consumers experiencing weak supply have been advised to register complaints through the official helpline at 1199 so technical teams can investigate and resolve issues promptly. Authorities say public feedback plays an important role in identifying local distribution problems and improving service delivery.

Energy experts note that Ramadan schedules often require careful balancing of supply and demand, particularly as consumption patterns shift toward early morning and evening hours. By extending daily availability, SNGPL aims to reduce pressure spikes and distribute gas more evenly across its network.

The announcement comes at a time when energy management remains a key priority nationwide. With rising demand and infrastructure constraints, utilities continue to adopt targeted strategies to ensure fair distribution while minimizing disruptions.

Residents are encouraged to use gas responsibly and avoid unnecessary wastage so the system can maintain steady pressure levels for all users. The company stated that cooperation from consumers is essential for ensuring reliable supply throughout the fasting month.

The revised Ramadan schedule will remain in effect for the entire holy month, after which standard supply timings are expected to resume across Punjab.

Gas Timings Announced for Sehri and Iftar in Karachi During Ramadan

The Sui Southern Gas Company has officially announced a revised gas supply schedule for Karachi and surrounding areas to ensure smoother distribution during Ramadan. The plan is designed to prioritize household needs during key meal preparation hours while managing limited supply across the network.

According to the utility provider, gas will be available from 3:00am to 9:00am for Sehri preparations and again from 3:30pm to 10:00pm for Iftar and dinner use. Supply will remain suspended outside these time slots as part of a controlled distribution strategy aimed at balancing pressure and meeting demand efficiently.

Officials explained that the revised schedule reflects ongoing challenges within Pakistan’s energy sector, particularly the steady decline in natural gas reserves. The company estimates that national gas reserves are decreasing at an annual rate of roughly 10 percent, creating a widening gap between available supply and consumer demand.

To maintain system stability, SSGC will carry out pressure profiling during off-supply hours. This technical process will take place from 9:00am to 3:30pm and again from 10:00pm to 3:00am throughout Ramadan. The profiling is intended to regulate pressure levels, prevent system overload, and ensure adequate flow during peak usage periods.

The company stated that the schedule has been carefully structured to align with daily routines during the holy month, when households typically require gas for cooking before dawn and at sunset. By concentrating supply during these peak times, authorities aim to minimize inconvenience for residents while ensuring fair distribution across different neighborhoods.

Energy experts note that seasonal schedules like this have become increasingly common in recent years due to supply constraints and infrastructure limitations. Such measures allow utilities to maintain consistent service quality during critical hours even when overall availability is restricted.

SSGC has urged consumers to use gas responsibly and avoid unnecessary wastage. Responsible consumption, officials emphasized, plays a crucial role in ensuring that all households receive adequate supply during Ramadan. The company also encouraged citizens to stay informed through official announcements and avoid relying on unverified information circulating on social media.

The revised timing plan will remain in effect for the duration of Ramadan, after which regular supply schedules are expected to resume. Authorities say the arrangement reflects ongoing efforts to manage resources efficiently while meeting public needs during one of the busiest consumption periods of the year.

Sadia Iqbal Reclaims No. 1 Spot in ICC Women’s T20I Bowling Rankings

Pakistan spinner Sadia Iqbal has regained the top position in the ICC Women’s T20I Bowling Rankings following impressive performances in Pakistan’s recent three-match T20I series against South Africa.

Iqbal moved past Australia’s Annabel Sutherland and India’s Deepti Sharma to secure the No. 1 ranking. The left-arm spinner emerged as the joint leading wicket-taker in the series, claiming five crucial wickets that helped Pakistan maintain competitive performances.

Her return to the top highlights consistent skill and impact in the shortest format of the game, reinforcing her reputation as one of the premier bowlers in women’s cricket. Analysts note that her ability to control the game in pressure situations played a key role in regaining the ICC’s highest bowling honor.

This achievement also reflects Pakistan’s growing prominence in women’s cricket and the emergence of players capable of competing at the highest international level. Iqbal’s ranking will be closely watched in upcoming series as she aims to maintain her top position and continue contributing to Pakistan’s success on the global stage.

Saudi Arabia Imposes Heavy Fines and Jail Terms for Visit Visa Violations

The government of Saudi Arabia has announced stringent penalties for individuals who fail to report visitors overstaying their visit visas. The move is part of a broader effort to strengthen compliance with residency and border regulations across the Kingdom.

According to Saudi Public Security, anyone who does not inform authorities about a visitor remaining in the country beyond their visa validity could face a fine of up to SAR 50,000, equivalent to approximately Rs. 3.73 million. In addition to financial penalties, violators may also face imprisonment for up to six months, or both penalties simultaneously.

In an official statement shared via social media platforms, Public Security urged both citizens and residents to promptly report visit visa holders who overstay their permitted duration. Authorities emphasized that non-compliance with reporting obligations would result in strict legal consequences under Saudi law.

Officials clarified that expatriate residents who fail to report such violations may face deportation from the Kingdom. This provision underscores the seriousness with which the authorities are addressing visa overstays and related regulatory breaches.

The statement further warned against providing any form of assistance to individuals violating residency, labor, or border security laws. This includes offering transportation, employment opportunities, housing, shelter, or other logistical support. Authorities stressed that facilitating such violations could expose individuals to legal accountability.

Saudi Arabia has been intensifying enforcement measures in recent years to regulate residency and labor compliance. The latest announcement reinforces the Kingdom’s commitment to maintaining orderly migration processes and ensuring adherence to visa regulations.

The directive serves as a reminder to sponsors, employers, and residents to closely monitor visa validity periods and comply with reporting requirements. Legal experts advise that proactive reporting and strict adherence to immigration rules can help avoid severe penalties.

With substantial fines, potential imprisonment, and deportation risks in place, the government’s message signals zero tolerance for visit visa overstays and associated violations.

Pakistan’s Large-Scale Manufacturing Grows 5% in First Half of FY26

Pakistan’s Large-Scale Manufacturing (LSM) sector showed signs of recovery as the LSM Index posted a 0.4 percent year-on-year (YoY) increase in December 2025, alongside a strong 9.3 percent month-on-month (MoM) growth, signaling a rebound in industrial activity.

During the first half of FY26 (1HFY26), the LSM index recorded a 5 percent YoY expansion, reflecting improving momentum across key manufacturing segments. The uptick suggests that industrial output is gradually stabilizing after periods of contraction driven by economic challenges, high input costs, and subdued demand.

The December MoM surge indicates seasonal demand recovery and improved production cycles in several sub-sectors, while the overall 1HFY26 performance highlights strengthening business confidence and operational capacity within large industries.

Large-scale manufacturing plays a critical role in Pakistan’s economy, contributing significantly to GDP, exports, and employment. A sustained recovery in LSM is often viewed as a leading indicator of broader economic stabilization and growth.

Economists note that continued policy support, stable exchange rates, and easing inflationary pressures could further bolster industrial output in the coming quarters. However, energy supply consistency and access to affordable financing remain key factors for maintaining growth momentum.

Pakistani Rupee Sees Marginal Recovery Against US Dollar Amid Mixed Currency Performance

The Pakistani rupee (PKR) continued its modest gains against the US Dollar (USD) on Monday, closing in green for the 101st consecutive day. The currency posted a small appreciation of one paisa, ending the session at 279.61 PKR per USD.

Despite its steady performance against the dollar, the rupee faced pressure against several other major currencies during today’s trading session. Analysts suggest that while the PKR shows resilience against the USD, global currency dynamics and domestic economic factors continue to influence its performance against other foreign currencies.

The sustained recovery streak against the US Dollar reflects cautious optimism in the market, supported by foreign inflows and stabilizing economic indicators. However, traders remain vigilant amid potential fluctuations in global forex markets and policy adjustments by the central bank.

The rupee’s mixed performance underscores the challenges of maintaining stability across multiple currency pairs. While gains against the dollar are encouraging, the currency’s vulnerability to regional and international developments continues to shape market sentiment.

Investors and importers are advised to monitor exchange rate trends closely, as even marginal changes can affect trade costs, remittances, and investment returns. Economists expect that the PKR will continue to face mixed pressures in the near term, depending on external market conditions and domestic fiscal measures.

Pakistan Sets Unique Bowling Record with Six Spinners in T20 World Cup Match

Pakistan achieved a remarkable bowling milestone during their ICC Men’s T20 World Cup 2026 clash against arch-rivals India at R Premadasa Stadium. In a high-intensity encounter, the 2009 champions deployed six spin bowlers in a single innings—a rare feat in international T20 cricket.

The spinners utilized by Pakistan included Mohammad Nawaz, Saim Ayub, Shadab Khan, Abrar Ahmed, Usman Tariq, and captain Salman Ali Agha. The team strategically opted for spin to exploit the slow and turning pitch conditions, showcasing their depth in bowling options.

By employing six different spinners in a single T20 innings, Pakistan set a unique record in World Cup history. This tactical decision highlighted the team’s versatility and adaptability, as well as the growing prominence of spin bowling in subcontinental conditions. Analysts praised the captain and team management for thinking innovatively and taking advantage of the pitch to maximize wicket-taking opportunities.

The record-breaking strategy also reflects Pakistan’s long-standing strength in spin bowling. With an array of talented spinners available, the team can rotate bowlers effectively to maintain pressure on opposition batsmen. This approach could influence other teams to explore unconventional bowling combinations in key matches.

Fans and cricket experts noted that the move not only aimed to restrict India’s scoring rate but also demonstrated Pakistan’s strategic evolution in the T20 format. Utilizing spin-heavy attacks in subcontinental pitches has become a recognized tactic, and Pakistan’s execution at the R Premadasa Stadium underscored its effectiveness at the World Cup level.

The performance further enhances Pakistan’s reputation as a team capable of innovative strategies in global tournaments. As the T20 World Cup progresses, such tactical decisions could play a crucial role in determining match outcomes and advancing Pakistan’s campaign.

Electricity Subsidies May Be Restricted to Deserving Consumers Under New IMF-Linked Plan

The government is preparing to overhaul its electricity subsidy framework by limiting financial support strictly to low-income households, subject to approval from the International Monetary Fund. The proposal, finalized by the Power Division, is expected to be discussed in upcoming negotiations with the IMF as part of broader fiscal reforms.

Under the new framework, all electricity consumers would initially be charged the full cost of power. Subsidies would then be provided only to households identified as financially vulnerable through data from the Benazir Income Support Programme. Eligibility would be determined based on verified monthly income levels, ensuring targeted financial assistance.

This shift marks a significant departure from the current system, where cross-subsidies are commonly used to balance tariff adjustments. At present, certain consumer categories indirectly bear additional costs to offset subsidies provided to others. The revised approach aims to eliminate this practice entirely.

Officials believe that ending cross-subsidies will promote greater transparency in electricity pricing. By charging all users the actual cost of power generation and distribution, the government intends to create a more sustainable and equitable energy model. Budgeted subsidies would be allocated directly to deserving households rather than being absorbed across sectors.

The reform is also aligned with ongoing discussions with the International Monetary Fund, which has consistently encouraged Pakistan to implement structural changes in its energy sector. Reducing untargeted subsidies is often viewed as a key step toward improving fiscal discipline and minimizing circular debt in the power sector.

If approved, the policy could significantly impact middle- and higher-income electricity consumers, who may no longer benefit from indirect tariff relief. However, policymakers argue that targeted assistance through BISP will ensure that low-income families remain protected from rising energy costs.

The proposed mechanism is designed to strengthen social protection while reducing inefficiencies. By using verified income data, authorities aim to prevent misuse and ensure that subsidies reach those who genuinely need support.

As negotiations with the IMF progress, the electricity subsidy reform is likely to become a central topic. The outcome could shape Pakistan’s energy pricing structure and fiscal strategy in the months ahead, potentially redefining how public funds are allocated within the power sector.

Ramadan Office Hours Officially Announced by Federal Constitutional Court

The Federal Constitutional Court has officially issued a notification setting revised office hours for the holy month of Ramadan. The announcement comes after approval by the Chief Justice of the Federal Constitutional Court, formalizing the schedule for federal offices during the fasting period.

The notification aims to ensure smooth administrative operations while accommodating the observances and working needs of employees throughout Ramadan. Federal offices are expected to adhere strictly to the new timings, which balance productivity with the religious obligations of staff.

Officials emphasized that the revised hours are designed to facilitate both government service delivery and employee convenience during the month, ensuring essential functions continue without disruption. Departments and ministries have been instructed to communicate the schedule to all staff and implement it effectively.

The announcement highlights the government’s efforts to standardize work hours nationwide for federal institutions during Ramadan, supporting efficiency and religious observance simultaneously.

PM Shehbaz Sharif Announces Civil Awards for 16 Overseas Pakistanis

Prime Minister Shehbaz Sharif has announced civil awards for 16 overseas Pakistanis in recognition of their exceptional services and valuable investments in the country. The move fulfills his earlier commitment to honor expatriates who have played a significant role in Pakistan’s economic and social development.

The announcement reflects the government’s acknowledgment of the vital contributions made by Pakistanis living abroad. From boosting foreign remittances to investing in local industries and supporting welfare initiatives, the overseas community continues to serve as a backbone of the national economy.

According to official statements, the selected expatriates have demonstrated outstanding dedication in various sectors, including business, philanthropy, education, and community development. Their efforts have not only strengthened Pakistan’s global image but also contributed directly to national progress.

Overseas Pakistanis send billions of dollars in remittances annually, providing crucial support to the country’s foreign exchange reserves. Beyond financial contributions, many expatriates actively promote Pakistan’s cultural identity and create international business partnerships that open new economic avenues.

Prime Minister Shehbaz Sharif has repeatedly emphasized the importance of engaging the diaspora in Pakistan’s growth story. By announcing these civil awards, the government aims to build stronger ties with overseas communities and encourage further investment in strategic sectors.

Observers believe this initiative will enhance confidence among expatriates and motivate others to contribute more actively. Recognizing their services through national honors sends a clear message that their efforts are valued and respected at the highest level.

The awards also symbolize unity between Pakistan and its global diaspora. As the country navigates economic challenges and seeks sustainable growth, the continued support of overseas Pakistanis remains critical.

This development marks a significant step in strengthening the partnership between the government and expatriate communities worldwide. By honoring 16 distinguished individuals, the administration reinforces its commitment to inclusive recognition and national appreciation.

Pakistani Artist’s Hand-Painted Animation Illuminates Times Square

A remarkable milestone for Pakistani art has unfolded in the heart of New York City as a hand-painted animation by Eeman Masood lights up the world-famous Times Square. The artwork, titled Listen, is being screened nightly throughout February, placing a Pakistan-trained miniature painter on one of the most iconic public art platforms in the world.

The animation is part of the prestigious Times Square Arts initiative known as “Midnight Moment.” This celebrated program transforms the towering digital billboards of Times Square into a synchronized contemporary art display each night. Masood’s work appears daily from 11:57 p.m. to midnight across 96 screens, captivating audiences in one of the busiest urban spaces globally.

Listen is a hand-painted animation that draws on the intricate tradition of Pakistani miniature painting. By blending classical techniques with modern digital presentation, Masood bridges heritage and innovation. Her work reflects a deep connection to storytelling, texture, and detail—hallmarks of South Asian artistic practice—while engaging a global audience through cutting-edge display technology.

Speaking on the popular television show Geo Pakistan aired on Geo News, Masood shared her excitement about the international exposure. She described the opportunity as both surreal and empowering, especially as February has been designated as her official showcase month under the Midnight Moment program.

This achievement marks a significant moment for Pakistani contemporary art. Having a hand-painted animation featured in Times Square demonstrates how local artistic traditions can resonate far beyond national borders. It also underscores the evolving nature of art, where traditional mediums such as miniature painting can seamlessly transition into digital animation formats.

Art experts believe that such global representation not only elevates individual artists but also strengthens Pakistan’s cultural footprint internationally. Times Square, known for its commercial vibrancy and massive foot traffic, provides unmatched visibility. For a Pakistani artist to command attention in this setting reflects the growing recognition of diverse artistic voices worldwide.

Masood’s work stands as a testament to dedication, innovation, and cultural pride. By reimagining classical art forms for a contemporary audience, she has turned a personal creative expression into a global spectacle. Her animation does more than light up billboards—it symbolizes the expanding reach of Pakistani creativity on the world stage.

Pakistan Attracts $176 Million in Largest Bond Inflows in 19 Months

Pakistan has recorded its strongest monthly net foreign inflows into sovereign bonds in nearly two years, signaling renewed investor interest in the country’s debt market. According to a report by Bloomberg, January saw a significant turnaround compared to the same period last year.

Net inflows into government bonds reached $176 million in January, marking the largest monthly increase in 19 months. In contrast, January of the previous year had recorded net outflows of $50 million, reflecting weaker foreign participation at the time.

Data released by the State Bank of Pakistan (SBP) confirms that foreign investors have shown increased confidence in Pakistan’s sovereign debt instruments. The improved figures are being viewed as a positive development for the country’s external financing outlook.

Approximately 85 percent of the inflows were directed toward short-term bonds with maturities of one year or less. This trend suggests that investors are currently favoring lower-duration instruments, likely to manage risk while benefiting from attractive yields.

Analysts note that improved macroeconomic indicators, relative currency stability, and high interest rates may have contributed to the uptick in bond demand. Short-term instruments, in particular, often appeal to foreign portfolio investors seeking liquidity and reduced exposure to long-term volatility.

The inflow of $176 million provides temporary support to Pakistan’s foreign exchange reserves and signals cautious optimism from global investors. However, experts emphasize that sustained inflows will depend on continued economic reforms, fiscal discipline, and political stability.

Bond inflows play a crucial role in strengthening financial markets and supporting government financing needs. A steady stream of foreign investment can help stabilize the rupee and improve overall investor sentiment.

While the latest data reflects encouraging momentum, market observers will closely monitor whether the trend continues in the coming months. Consistency in policy implementation and economic management will be key to maintaining foreign investor confidence.

Pakistan’s bond market performance in January marks a notable shift from previous outflows, offering a positive signal for the country’s financial recovery efforts.

Misbah-ul-Haq Reacts After Son Faham-ul-Haq Goes Unsold at PSL 11 Auction

Former Pakistan captain Misbah-ul-Haq has addressed the situation after his son, Faham-ul-Haq, went unsold during the 2026 Pakistan Super League (PSL 11) player auction. The moment drew attention as Misbah was part of the Peshawar Zalmi selection panel when his son’s name came up.

Faham-ul-Haq, a left-handed batting all-rounder in his early 20s, had entered the auction with a base price of 60 lakhs. Despite being active in Pakistan’s domestic circuit and delivering solid performances, he failed to attract a single bid from any franchise.

The young cricketer has featured in first-class competitions and impressed in tournaments such as the President’s Trophy Grade-II, where he registered notable half-centuries. However, the highly competitive nature of the PSL auction often makes selection unpredictable, especially with franchises focusing on team balance and overseas combinations.

Speaking about the development, Misbah-ul-Haq emphasized that professional cricket requires merit-based selection. He maintained that auction decisions are driven by team requirements rather than personal affiliations. His presence on the Zalmi panel added a sensitive dimension to the moment, but the former captain reiterated his commitment to fairness and transparency.

The PSL auction is known for its intense competition, with franchises carefully evaluating player roles, recent form, and squad composition. Even talented domestic performers can go unsold due to limited available slots and strategic planning by team management.

For Faham-ul-Haq, going unsold does not necessarily close the door on PSL opportunities. Replacement drafts, injuries, and mid-season changes often provide chances for emerging players to step in. Many cricketers who initially went unpicked in previous editions have later made impactful comebacks.

The incident has sparked debate among cricket fans on social media, with discussions revolving around performance metrics, domestic exposure, and the challenges faced by young players trying to break into franchise cricket.

As PSL 11 preparations continue, the focus remains on team combinations and tournament readiness. For Misbah-ul-Haq and his son, the experience highlights the competitive realities of Pakistan’s premier T20 league and the importance of persistence in professional sport.

SOE Losses Cross Rs. 830 Billion in FY25 Despite Continued Government Support

Pakistan’s state-owned enterprises (SOEs) recorded combined losses of Rs. 832.8 billion in fiscal year 2024-25, according to a fresh report issued by the Ministry of Finance. Although the figures reflect a slight 2 percent improvement compared to the previous fiscal year, the overall financial burden remains substantial.

The latest data underscores persistent structural challenges within Pakistan’s public sector entities. Despite repeated government interventions and financial assistance, many SOEs continue to struggle with inefficiencies, debt accumulation, and operational constraints.

Among all entities, the National Highway Authority emerged as the largest loss-making organization. The authority reported losses amounting to Rs. 295 billion during FY25, highlighting mounting financial pressures in infrastructure and transport management.

Power distribution companies also contributed significantly to the overall deficit. The Quetta Electric Supply Company recorded losses of Rs. 112.7 billion, making it the worst-performing distribution company for the year. Close behind was the Peshawar Electric Supply Company, which posted losses of Rs. 92.7 billion.

Other regional power distributors also reported financial setbacks. The Sukkur Electric Power Company incurred losses of Rs. 25.3 billion, while the Lahore Electric Supply Company posted losses of Rs. 12.7 billion. Similarly, the Hyderabad Electric Supply Company recorded Rs. 13 billion in losses, and the Islamabad Electric Supply Company reported a comparatively lower deficit of Rs. 1.4 billion.

The continued losses across the power sector reflect deeper issues such as transmission inefficiencies, recovery shortfalls, circular debt, and governance challenges. Energy sector reforms have been discussed for years, yet tangible improvements remain gradual.

While the marginal reduction in aggregate losses offers a slight positive signal, the Rs. 832.8 billion deficit places ongoing strain on Pakistan’s fiscal framework. These losses often require government-backed guarantees, subsidies, and restructuring plans, increasing pressure on public finances.

Economic analysts argue that comprehensive restructuring, improved accountability, and privatization of select entities may be necessary to reduce recurring deficits. Without structural reforms, SOE losses could continue to weigh heavily on Pakistan’s economic recovery and long-term growth prospects.

As fiscal year 2025 concludes, policymakers face mounting pressure to accelerate reforms and enhance transparency. The performance of state-owned enterprises remains a critical factor in strengthening investor confidence and stabilizing Pakistan’s broader economic landscape.

Reko Diq Project’s Future Uncertain Amid Security Concerns

The future of the Reko Diq copper-gold project in Balochistan is under scrutiny as Barrick Gold Corporation reassesses its budget and timeline due to ongoing security concerns, Reuters reports.

To date, Barrick has invested $849 million in the project, including $721 million in 2025, against a Phase 1 capital budget of approximately $6 billion. The company had initially planned to secure a limited recourse project financing facility in the second half of 2025 to advance development.

However, recent security incidents in the region have cast doubt over the project’s timeline, raising questions about potential delays and the company’s ability to commit fully to the planned financing. JPMorgan noted that security-related reviews could delay the financing package, although the earmarked capital spending indicates that Barrick still remains invested in the project.

The Reko Diq project, one of the world’s largest undeveloped copper and gold deposits, is considered a strategic asset for both Pakistan and Barrick Gold. Analysts suggest that overcoming local security challenges will be crucial for the project to progress, with delays potentially impacting expected returns and broader investment confidence in the region.