The Pakistan Stock Exchange witnessed an unprecedented rally as the KSE-100 index surged by 14,137 points, marking its highest single-day increase in history. Investor sentiment soared following reports of Pakistan’s role in mediating peace talks between the United States and Iran. The index closed at 165,811 points, up 9.32 percent from the previous session’s 151,673 […]
In a significant diplomatic development, the Government of Pakistan has taken control of Serena Hotel Islamabad to host critical talks between the United States and Iran. The move signals Islamabad’s growing role as a neutral venue for high-level international negotiations aimed at de-escalating tensions. According to credible sources, the luxury hotel has been temporarily reserved […]
AirSial is set to enhance its onboard services with the introduction of in-flight entertainment (IFE), signaling a major step in improving the passenger experience. The airline, based in Sialkot, has not yet revealed full details about the upcoming system but confirmed that the upgrade is part of broader service enhancements. This move coincides with AirSial’s […]
Miftah Ismail has revealed that Pakistanis are paying inflated diesel prices due to flaws in the country’s pricing mechanism. Speaking on Tuesday, he explained that the system set by the government and the Oil and Gas Regulatory Authority (OGRA) is a key factor behind the ongoing overcharging. According to Ismail, Pakistan produces approximately 75 percent […]
Systems Limited has delivered a strong financial performance for the year 2025, highlighting its continued growth in Pakistan’s IT sector. The company reported a profit after tax (PAT) of Rs. 11.04 billion, reflecting a significant 48 percent increase compared to Rs. 7.46 billion recorded in 2024. This impressive growth translates into earnings per share (EPS) […]
The Competition Commission of Pakistan has unveiled a comprehensive study aimed at addressing the challenges facing the country’s solar energy sector. Titled “Unlocking Green Potential: A Market Competition Study of Solar Energy in Pakistan,” the report outlines practical steps to improve efficiency, transparency, and long-term sustainability. The study identifies eight key recommendations designed to strengthen […]
The Pakistani rupee continued its remarkable upward trajectory against the US dollar, marking its 133rd consecutive session of gains on Monday. This sustained performance highlights a period of relative stability in the local currency market, even as pressures persist in other areas of the foreign exchange landscape. At the close of trading, the rupee settled […]
In a groundbreaking move for Islamic finance in Pakistan, the Securities and Exchange Commission of Pakistan has approved the country’s first Shariah-compliant credit risk-sharing product. The initiative aims to increase financing access for underserved sectors, including micro, small, and medium enterprises (MSMEs) as well as the agriculture industry. The innovative product has been developed by […]
Pakistan’s financial policymakers are facing renewed pressure to rethink the country’s foreign reserve strategy as geopolitical tensions intensify across the Middle East. With fears growing over a prolonged conflict in the Gulf region, experts are warning that reliance on the US dollar could expose vulnerable economies like Pakistan to significant financial risks. Recent discussions among […]
United Auto Industries (Pvt.) Ltd. has announced a fresh increase in motorcycle prices across Pakistan, citing rising production expenses and higher raw material costs. The decision reflects ongoing inflationary pressures that continue to impact the country’s automotive sector. In an official notification issued on April 3, the company stated that it had previously tried to […]
Pakistan’s fuel consumers are set to face another financial burden as the government has approved a significant hike in kerosene oil prices. The latest notification issued by the Oil and Gas Regulatory Authority (OGRA) confirms an increase of Rs. 34.08 per litre, reflecting ongoing adjustments in domestic energy pricing. With the revised rates now in […]
In a major development impacting millions of citizens, the government has announced a sharp increase in fuel prices across Pakistan. The latest revision has pushed petrol and diesel rates to unprecedented levels, intensifying concerns over rising inflation and economic pressure on households. According to the official notification, petrol prices have been increased by Rs 137 […]
In a move to enhance customer service and streamline complaint handling, the Lahore Electric Supply Company has launched a new helpline dedicated to electricity consumers. The initiative aims to ensure faster complaint registration and more efficient resolution of power-related issues. The service was introduced by Sardar Awais Ahmed Khan Leghari as part of broader efforts […]
Pakistan’s economic outlook has received a significant boost as the International Finance Corporation (IFC) commits approximately $2.7 billion for the current fiscal year. The investment signals growing international confidence in the country’s potential, particularly in strengthening private sector activity, expanding infrastructure, and generating employment opportunities. The announcement came during a high-level meeting between Federal Minister […]
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 […]
