Kuwait has pledged to facilitate the delivery of diesel and jet fuel to Pakistani-flagged vessels, following high-level discussions in Islamabad. The assurance came during a meeting between Ali Pervaiz Malik and Nasser Abdulrahman Jassim Al-Mutairi, focusing on strengthening bilateral energy cooperation. According to an official statement, Kuwait Petroleum Corporation confirmed its commitment to extend full […]
A major controversy has erupted as a Senate subcommittee has directed strict action in the high-profile cigarette theft case, warning of arrests if key officials fail to respond. The directive targets senior figures including Rashid Mahmood Langrial, chairman of the Federal Board of Revenue, in connection with the disappearance of smuggled cigarettes worth Rs. 250 […]
Pakistan State Oil has announced the appointment of Abdus Sami as its interim Chief Executive Officer, effective March 31, 2026. The move comes as part of the company’s strategy to maintain operational stability while the process for selecting a permanent CEO continues. The decision was approved during a board meeting held on March 30, 2026. […]
Recent reports suggesting that Pakistan has announced a nationwide “smart lockdown” along with strict austerity measures have been categorically denied by authorities. Officials confirmed that no such decision has been taken, and the circulating information is inaccurate. According to senior sources, no official notification or directive has been issued by the federal government regarding lockdowns, […]
Global oil markets are on edge as Brent Crude surged above $115 per barrel, driven by escalating tensions in the Middle East. The spike follows intensifying conflict involving Iran, Israel, and regional actors, raising serious concerns about prolonged supply disruptions. The situation worsened after Iran rejected a US-backed peace proposal, signaling a widening diplomatic rift. […]
The cost of imported luxury and non-essential goods in Pakistan has surged sharply, with total taxes reaching as high as 60 percent of the product value. This significant increase is reshaping consumer behavior and putting pressure on import-dependent markets. According to officials from the Federal Board of Revenue, multiple layers of taxation are applied at […]
Pakistan has demonstrated relative stability in managing its fuel supply chain despite ongoing regional tensions, according to Khyber Pakhtunkhwa Finance Minister Muzzammil Aslam. His remarks highlight the country’s coordinated approach to handling petroleum availability during a period of uncertainty. Speaking on the matter, the provincial minister commended Federal Minister for Finance and Revenue Muhammad Aurangzeb […]
Fatima Fertilizer Company Limited has reinforced its commitment to Pakistan’s sporting landscape by renewing its partnership with Multan Sultans as the Title Sponsor for the Pakistan Super League. The agreement marks another milestone in a long-standing collaboration that continues to bridge corporate support with national passion for cricket. The Memorandum of Understanding was signed during […]
Global oil markets witnessed a significant correction as Dubai Crude prices fell close to $110 per barrel following easing tensions between the United States and Iran. The decline reflects a shift in market sentiment after weeks of heightened geopolitical uncertainty. Dubai crude dropped to around $113 per barrel, marking a steep fall of nearly $29 […]
Air travel in Pakistan is becoming increasingly expensive as jet fuel prices witness a dramatic rise. The cost of aviation fuel has surged from Rs. 176 to Rs. 417 per liter, placing significant financial pressure on airlines and passengers alike. This sharp increase is reshaping the overall dynamics of the country’s aviation sector. Airlines are […]
The Pakistan Cricket Board has released a detailed refund policy for tickets purchased for the 2026 Pakistan Super League (PSL 11), offering clarity and reassurance to fans following recent changes to the tournament format. According to the board, all tickets bought online will be refunded automatically to customers through their original payment methods. This includes […]
Coca-Cola Pakistan has earned national recognition for its environmental and social responsibility efforts, securing two major awards at the 15th International Summit on Corporate Social Responsibility held in Karachi. The company was honored for its impactful initiatives in water stewardship and sustainability innovation, reinforcing its role in advancing Pakistan’s environmental goals. At the prestigious gathering, […]
Karachi, March 25, 2026: Bank Makramah Limited (BML) has been assigned initial entity ratings of ‘A-’ (Long Term) and ‘A2’ (Short Term) with a ‘Stable’ outlook by VIS Credit Rating Company Limited. The assigned ratings reflect a significant improvement in the Bank’s credit profile, underpinned by strong sponsor support, successful recapitalization, ongoing restructuring initiatives, and […]
The Pakistan Super League trophy has arrived in Lahore as part of a nationwide tour leading up to the opening match of PSL 11 on March 26. The trophy’s tour aims to engage fans across the country and celebrate the excitement of Pakistan’s premier cricket tournament. In Lahore, the trophy was showcased at prominent landmarks […]
South Asian countries, including Pakistan and India, are facing the threat of a severe gas and power crisis following air strikes by Iran on Qatar’s Ras Laffan Industrial City, the world’s largest liquefied natural gas export hub. The facility is a key supplier of LNG to the region, including nearly all of Pakistan’s imports. Pakistan […]
Sri Lankan airline FitsAir has announced plans to launch direct flight operations to Pakistan, further strengthening regional air connectivity. The carrier will begin services from April 1, operating between Colombo and Lahore. According to officials, the airline will initially run two weekly flights on Wednesdays and Saturdays. Necessary approvals have already been secured from the […]
Pakistan Railways has released the schedule for reservation office timings during the upcoming Eid ul Fitr holidays, aiming to facilitate passengers planning travel across the country. According to officials, special arrangements have been made to ensure smooth ticketing operations during the festive period. Reservation offices will operate on adjusted hours to accommodate increased demand as […]
The Competition Commission of Pakistan (CCP) has granted approval for the merger of Cyan Limited and DH Partners Limited into Dawood Lawrencepur Limited. The move comes as part of an internal restructuring initiative within the Dawood Group. This strategic consolidation is expected to streamline operations and enhance financial efficiency across the group’s investment portfolio. The […]
The Federal Board of Revenue has empowered its intelligence wing with enhanced authority to pursue cases of tax evasion and financial misconduct. The move is aimed at strengthening enforcement and improving compliance across the business sector. Under the new directive, the Director of the Directorate General of Intelligence & Investigation (Inland Revenue) can now approve […]
Global shipping leader A.P. Moller – Maersk has announced a rise in its Emergency Contingency Surcharge (ECS) for shipments originating from Pakistan and the wider Indian Subcontinent bound for West Africa. The revised surcharge is expected to take effect from the Price Calculation Date (PCD) of April 1, 2026, according to sources familiar with the […]
