Power Sector Reforms Reduce Pakistan’s Circular Debt by Rs. 779 Billion
Pakistan’s Power Ministry has highlighted significant progress in reducing the country’s circular debt, stating that ongoing energy sector reforms have…
Category: Business
Pakistani Travelers Embrace QR Payments as Cash and Cards Take a Back Seat Abroad
International travel has long come with a familiar challenge for many Pakistanis: carrying large amounts of cash or relying on…
Business Community Criticizes SBP for Keeping Interest Rate at 11.5%
Pakistan’s business community has expressed strong disappointment after the State Bank of Pakistan (SBP) decided to keep the policy interest…
Pakistan to Honor Top Freelancers After They Generate $1.1 Billion in IT Exports During FY2025-26
Pakistan is set to recognize the achievements of its freelance workforce on a national level for the first time, as…
JS Bank Complaint Leads to FIR Against Four Southland Flour Mill Partners Over Alleged Rs. 100 Million Loan Default
A criminal case has been registered against four partners of M/s Southland Flour Mill after JS Bank Limited accused them…
Gold Prices Continue to Fall in Pakistan as Global Market Weakness Pushes Rates Lower
Gold prices in Pakistan extended their downward trend on Friday, providing some relief to buyers as domestic bullion rates dropped…
Oil Crosses $100 After Houthis Take Control of Red Sea Shipping Route
Global oil prices surged above the $100-per-barrel mark on Thursday as rising security concerns in the Red Sea created fresh…
Pakistan to Build First European-Standard Aircraft Maintenance Center at Islamabad Airport
Pakistan is preparing to strengthen its aviation infrastructure with the establishment of its first aircraft Maintenance, Repair, and Overhaul (MRO)…
CDA Gives Illegal Housing Scheme Another Chance After Rs. 7.36 Lakh Fine
The Capital Development Authority (CDA) has granted another opportunity to the management of Shaheen Town Phase-IV after de-sealing its office…
Gold Prices Near Rs. 4.4 Lakh Per Tola Again as Pakistan Sees Fourth Consecutive Increase
Gold prices in Pakistan continued their upward trend on Wednesday, rising for the fourth consecutive day amid another increase in…
Oil Prices Surge Above $95 Per Barrel as US-Iran Tensions Shake Global Energy Markets
Global oil prices climbed above $95 per barrel on Wednesday as escalating tensions between the United States and Iran sparked…
FBR Proposes Independent Scrutiny Committees to Ensure Only Strong Tax Cases Reach Higher Courts
The Federal Board of Revenue (FBR) has proposed a significant reform aimed at improving Pakistan’s tax litigation process by ensuring…
Mari Energies Rejects $19 Million Lawsuit, Defends Contract Termination Decision
Mari Energies Limited (PSX: MARI) has firmly rejected allegations surrounding a $19 million lawsuit filed by Singapore-based Petrosin CNG (Pvt.)…
SBP Expected to Hold Interest Rate at 11.5% as Market Sees Stable Monetary Policy
Pakistan’s financial markets are widely expecting the State Bank of Pakistan (SBP) to maintain its benchmark policy rate at 11.5…
Gold Prices Rise for Third Consecutive Day in Pakistan
Gold prices continued their upward trend in Pakistan on Monday, marking the third consecutive day of gains as international bullion…
FIA Arrests Former FESCO CEOs in Alleged Rs12 Billion Electricity Fraud Case
The Federal Investigation Agency (FIA) has arrested two former chief executive officers of the Faisalabad Electric Supply Company (FESCO) in…
Pakistan Forms National Group to Prepare for WRC-27 Spectrum Talks
Pakistan has taken an important step toward strengthening its future telecommunications strategy by establishing a National Preparatory Group (NPG) for…
Oil Prices Surge as Iran Attacks US Military Bases, Analysts Warn Brent Could Cross $100
Global oil markets witnessed sharp volatility after Iran launched missile attacks targeting multiple United States military bases across the region,…
Pakistan’s Foreign Direct Investment Drops 94% in June 2026
Pakistan witnessed a sharp decline in foreign investment as net Foreign Direct Investment (FDI) fell to just $14 million in…
Concerns Raised Over Karachi’s New Disco Bakery Flyover as K-IV Pipeline Questions Emerge
Karachi’s upcoming Disco Bakery flyover project has sparked debate even before construction begins, with experts, officials, and residents questioning whether…