Pakistan Telecommunication Company Limited (PTCL) has formally submitted an application to the Pakistan Telecommunication Authority (PTA) seeking approval for the proposed merger of Telenor Pakistan and Ufone. The submission marks the beginning of the regulatory review process required for such a major consolidation in the telecom sector. According to sources, the PTA will now conduct […]
pakistan’s foreign exchange reserves are projected to reach an all-time high by the end of December 2026, marking a significant milestone for the country’s financial stability and macroeconomic outlook. According to estimates shared by Topline Securities, reserves held by the State Bank of Pakistan (SBP) are expected to exceed $20.2 billion, reflecting improved external account […]
Global oil prices rose sharply on Friday following the seizure of a Russian oil tanker by French authorities in the Mediterranean Sea, intensifying supply concerns in the international energy market. The captured vessel, reportedly transporting crude from Russia, prompted immediate market reactions, with traders factoring in potential disruptions to global oil flows. Analysts say the […]
aik by BankIslami has taken a major step in advancing Pakistan’s digital payments ecosystem with the launch of aikPay, the country’s first Shariah-compliant Raast-enabled QR Payment Gateway. Built on the State Bank of Pakistan’s Raast infrastructure, aikPay enables real-time online payments through dynamic QR codes, offering a fast, secure, and fully digital checkout experience. The […]
Pakistan and Saudi Arabia have taken significant steps to strengthen their economic partnership as Finance Minister Muhammad Aurangzeb met with Saudi Minister of Investment Khalid Al-Falih on the sidelines of the 26th Annual World Economic Forum in Davos. The high-level discussion focused on expanding bilateral investment ties and exploring new opportunities for cooperation. Both ministers […]
Pakistan has recorded a significant rise in external borrowing during the first six months of the current fiscal year, receiving a total of Rs. 1,272 billion in foreign loans and grants. In dollar terms, this amounts to $4.5 billion, marking an increase of $904 million compared to $3.6 billion received during the same period last […]
Prime Minister Shehbaz Sharif left Pakistan on Tuesday for Switzerland, leading a high-level delegation to participate in the World Economic Forum (WEF) 2026. The visit is aimed at strengthening Pakistan’s diplomatic ties and exploring new avenues for economic cooperation. The Prime Minister is accompanied by key officials, including the Deputy Prime Minister and Foreign Minister, […]
A principled agreement has been reached between the federal government and the Balochistan government to launch the much-anticipated Peoples Train Service in the province, marking a significant step toward improving regional connectivity and public transport infrastructure. The agreement was finalized during a joint meeting of Pakistan Railways and the Government of Balochistan, held under the […]
A Pakistan Air Force (PAF) contingent has arrived in Saudi Arabia to participate in the multinational aerial combat exercise Spears of Victory-2026. According to the Inter-Services Public Relations (ISPR), the contingent includes F-16 Block-52 fighter jets along with a full complement of air and ground crew. The team reached King Abdul-Aziz Air Base to take […]
The TAL Joint Venture has made a significant gas discovery at its exploratory well Bilitang-1 in Kohat, Khyber Pakhtunkhwa. The find, reported in the Lockhart Formation, was announced through a notification to the Pakistan Stock Exchange (PSX). Pakistan Petroleum Limited (PPL) confirmed that the discovery occurred in the partner-operated TAL Block, led by MOL Pakistan […]
The Pakistani rupee continued its steady performance against the US dollar on Monday, extending its appreciation streak to 82 consecutive trading days in the interbank market. By the close of trading, the rupee settled at PKR 279.92 per dollar, marking a gain of three paisas compared to the previous session. The consistent upward trend reflects […]
Pakistan’s Federal Minister for Information Technology and Telecommunication, Shaza Fatima Khawaja, has officially announced the launch of Indus AI Week 2026, a national initiative aimed at advancing artificial intelligence across the country. The week-long event is scheduled to take place from February 9 to February 15, 2026. The announcement highlights Pakistan’s commitment to emerging technologies […]
The federal government is reviewing the future of the Rs. 10 banknote, as the federal cabinet has constituted a high-level committee to examine whether the currency note should be discontinued or retained. The move has sparked public interest, given the widespread daily use of the Rs. 10 note across Pakistan. According to sources familiar with […]
Pakistan’s manufacturing sector is teetering on the edge, with persistently high energy costs, expensive credit, and heavy taxation raising alarms among business leaders. The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to declare an industrial emergency to prevent further decline. FPCCI President Atif Ikram Sheikh highlighted the challenges, noting […]
The National Savings Centre in Peshawar has officially announced the results of the Rs. 750 prize bond draw for January 2026, bringing anticipation and excitement to thousands of bondholders across Pakistan. Prize bond draws continue to remain a popular savings-linked scheme, offering citizens a chance to win substantial cash prizes while keeping their investments secure. […]
Pakistan has taken another step toward strengthening its digital financial landscape by signing a Memorandum of Understanding with SC Financial Technologies LLC, an affiliated entity of World Liberty Financial. The agreement is aimed at expanding cooperation in digital financial services and accelerating the country’s shift toward modern, technology-driven payment systems. The MoU was signed between […]
Pakistan’s automotive industry has staged a strong comeback in the first half of the current fiscal year, recording a robust 46 percent increase in vehicle sales compared to the same period last year. The surge reflects improving market sentiment and renewed consumer interest, according to fresh data released by the Pakistan Automotive Manufacturers Association. Between […]
Chery Pakistan has officially announced the price of its flagship hybrid SUV, the Chery Tiggo 8 PHEV, marking a major step forward for the country’s growing electrified vehicle segment. After being showcased at the Pakistan Auto Show in Karachi last year, the seven-seat SUV is now available nationwide at a price of Rs. 10,999,000. The […]
Jetour Pakistan has confirmed that two new sport utility vehicles, the Jetour T1 and Jetour T2, will soon be introduced in the Pakistani market. The announcement comes shortly after the brand’s recent entry with the Jetour X70 Plus and Jetour Dashing, signaling an aggressive expansion strategy in the country’s competitive SUV segment. In an official […]
REVOO, a global electric mobility brand under Transsion Holdings, has officially introduced its lithium-powered electric bikes, the REVOO A11 LFP and REVOO A12 LFP, in Pakistan. This marks the first global launch of these models and highlights Pakistan’s growing importance in REVOO’s international expansion strategy. The launch reflects a major step forward in Pakistan’s electric […]
