Economy

1 min read

Pakistan Secures $27 Million Savings in CASA-1000 Hydropower Project After Successful Negotiations

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Pakistan has recorded a major financial achievement by saving more than $27 million in the cross-border CASA-1000 Project. The savings come after effective negotiations with contractors over care and custody claims, reflecting improved financial oversight and strategic decision-making. The Engineering, Procurement, and Construction contractor, a joint venture between Hitachi Energy and Cobra Instalaciones y Servicios, […]

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2 mins read

Pakistan and South Asia Brace for Energy Crisis After Iran Strikes Qatar LNG Hub

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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 […]

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1 min read

FitsAir to Launch Direct Flights Between Colombo and Lahore from April 1

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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 […]

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1 min read

Government to Launch Real Estate Watchdog to Promote Affordable Housing

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The Federal Government of Pakistan is moving forward with plans to establish a Real Estate Regulatory Authority to regulate the country’s largely unregulated property sector and improve transparency for homebuyers. During a recent meeting at the Federal Ministry of Housing and Works, officials reviewed ongoing initiatives and strategic roadmaps for the housing sector. They briefed […]

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1 min read

Pakistan Railways Announces Reservation Office Timings for Eid-ul-Fitr

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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 […]

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2 mins read

CCP Approves Merger of Cyan Limited and DH Partners into Dawood Lawrencepur

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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 […]

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1 min read

FBR Grants Intelligence Wing Expanded Powers to Crack Down on Tax Evasion

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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 […]

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2 mins read

Maersk Increases Emergency Surcharge on Pakistan–West Africa Shipping Routes from April 2026

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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 […]

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2 mins read

Pakistan-Bound Oil Tanker Successfully Passes Through Strait of Hormuz Amid Rising Regional Tensions

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An oil tanker carrying crude oil to Pakistan has successfully passed through the strategic Strait of Hormuz and is now heading toward the country, according to ship-tracking data cited by Bloomberg. The development comes at a time of heightened tensions in the region following military actions involving Iran. Shipping activity in the Persian Gulf has […]

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PIA Losses Reach Rs. 500 Billion as Government Pushes Privatization Plan

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Pakistan’s national flag carrier, Pakistan International Airlines, has accumulated losses of nearly Rs. 500 billion between 2015 and 2023, according to officials who briefed the Senate Standing Committee on Privatization. The disclosure highlights the severe financial challenges faced by the airline over the past several years. During the committee meeting held on Monday, officials revealed […]

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1 min read

Punjab Launches Climate Leadership Development Internship Program for Young Graduates

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The Government of Punjab, Pakistan has introduced the Chief Minister Punjab Climate Leadership Development Internship Program, offering young graduates an opportunity to contribute to environmental and climate-related initiatives across the province. The program aims to engage youth in climate action and environmental awareness while providing practical experience in sustainability projects. Through this initiative, the provincial […]

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Punjab Increases Metro Bus Fare by 33 Percent Across BRT Services

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The Punjab Mass Transit Authority has announced a significant increase in fares for metro bus services operating across major cities in Punjab, Pakistan, raising the cost of travel for thousands of daily commuters. According to officials, the revised fare structure will come into effect from March 26, 2026. Under the new policy, ticket prices for […]

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Global Diesel Prices Cross $140 Per Barrel, Highest Level Since 2022 Energy Crisis

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International diesel prices have surged past $140 per barrel, reaching levels not seen since the global energy shock triggered by the Russia–Ukraine War. The sharp rise signals renewed pressure on global fuel markets and raises concerns about potential economic ripple effects across multiple sectors. According to market data compiled by Topline Securities, diesel prices had […]

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1 min read

Bitcoin Surges to Highest Level Since US-Israel Conflict with Iran

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Bitcoin climbed sharply on Friday, reaching nearly a two-week high amid heightened geopolitical tensions in the Middle East. The cryptocurrency rose approximately 3 percent to around $71,500 by 4 PM Pakistan Standard Time (PKT) and has since surpassed $73,000, marking its highest level since the onset of the US-Israel military action against Iran. The surge […]

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Hunza Serena Hotel Featured on TIME’s “World’s Greatest Places of 2026” List

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Hunza Serena Hotel in Hunza has been recognized by TIME Magazine as one of the “World’s Greatest Places of 2026,” highlighting Pakistan’s growing appeal as a global travel destination. The prestigious list celebrates unique destinations worldwide, and Hunza Serena Hotel stands out for its breathtaking location in Gilgit-Baltistan, surrounded by some of the world’s highest […]

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IPL-Linked Franchise Sunrisers Leeds Signs Pakistani Spinner Abrar Ahmed for £190,000 in The Hundred

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Pakistani leg-spinner Abrar Ahmed has made headlines after being signed by Sunrisers Leeds, an IPL-owned franchise, at The Hundred auction for £190,000 (around Rs. 6.84 crore). The deal marks one of the highest prices ever paid for an overseas spinner in the competition’s history. Abrar entered the auction with a base price of £75,000, but […]

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2 mins read

Middle East Conflict Could Push Pakistan’s Inflation to 17% and Widen Trade Deficit: PIDE Report

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Escalating tensions in the Middle East could trigger serious economic challenges for Pakistan, particularly if the conflict disrupts global oil supply routes. A recent report by the Pakistan Institute of Development Economics warns that a full-scale regional crisis could drive international oil prices sharply higher and significantly impact Pakistan’s economy. The report highlights a worst-case […]

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Pakistan Nears IMF Agreement to Revise FBR Tax Collection Target for FY26

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Pakistan and the International Monetary Fund are reportedly close to finalizing a revised tax collection target for the current fiscal year as part of ongoing economic negotiations. The discussions are taking place under the country’s $7 billion Extended Fund Facility program, which aims to stabilize Pakistan’s financial system and improve fiscal management. According to sources […]

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Senate Questions Security of Foreign Software Used in Islamabad Safe City Surveillance System

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The Senate Standing Committee on Information Technology and Telecommunication has raised serious concerns about the use of foreign software in the Islamabad Safe City surveillance system. The issue was discussed during a recent committee meeting, where officials provided a detailed briefing on the cybersecurity measures currently in place to safeguard the capital’s monitoring infrastructure. Members […]

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Global Oil Prices Plunge After Trump Signals Possible De-Escalation in Middle East Conflict

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International oil prices witnessed a sharp decline after Donald Trump hinted at a possible “conditional de-escalation” from the ongoing conflict involving Iran. The remarks triggered immediate reactions in global energy markets, leading to a significant drop in crude oil benchmarks. At the time of reporting, Brent Crude had fallen by 7.62 percent, dropping $7.54 to […]

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