Pakistan may face severe long-term economic consequences from climate change, with potential losses projected to reach up to 6 percent of GDP by 2050 if urgent mitigation measures are not implemented. The warning comes from a new study released by the Competition Commission of Pakistan, which highlights the country’s growing vulnerability to climate-related risks. The […]
Global oil markets witnessed a sharp correction as prices fell to their lowest levels since the Gulf conflict earlier this year. The decline comes amid easing geopolitical tensions following a temporary ceasefire agreement between the United States and Iran, with diplomatic talks set to take place in Pakistan. Benchmark Brent crude for June delivery dropped […]
Shehbaz Sharif confirmed that he received a “warm and substantive” phone call from Emmanuel Macron, who praised Pakistan’s efforts in facilitating the recent ceasefire between Iran and the United States. During the call, President Macron acknowledged Pakistan’s role in bringing both parties to the negotiating table and commended the country for its constructive diplomatic engagement. […]
Pakistan has stepped into a more prominent diplomatic role following recent US-Iran developments, now leading efforts to secure urgent ceasefires in both Lebanon and Yemen. According to reports, these initiatives aim to prevent further escalation and stabilize an already fragile regional situation. The move comes as tensions continue to ripple across the Middle East, prompting […]
The government of Pakistan has introduced a new digital initiative aimed at providing fuel relief to motorcycle owners through the Pakistan Asaan Khidmat app. This move is part of a broader effort to make subsidies more accessible, transparent, and efficient for everyday commuters. With rising fuel costs impacting millions of citizens, especially daily wage earners […]
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 […]
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) […]
Almost 50 liquefied natural gas (LNG) carriers connected to Qatar exports are currently stranded across Asia, underscoring the severe impact of ongoing Middle East tensions on global energy trade. Ship tracking data from Kpler and Bloomberg shows that these vessels remain empty, waiting in strategic maritime locations. The idle tankers are clustered near west India, […]
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 […]
Sri Lanka is once again navigating a fragile economic situation as global energy disruptions and the aftermath of a devastating cyclone strain its recovery efforts. The country, still recovering from its 2022 financial collapse, is now facing renewed pressure that is testing both public resilience and government policy. President Anura Kumara Dissanayake has introduced a […]
The Punjab government has unveiled a plan to provide electric bikes to Excise Department employees as part of a strategy to enhance field efficiency and help the department achieve its Rs. 73 billion recovery target. The initiative is aimed at supporting staff mobility while promoting eco-friendly transport solutions. Under the scheme, excise inspectors across Punjab, […]
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 […]
The government’s flagship housing initiative, Apni Chhat Apna Ghar Scheme, is facing significant delays due to funding shortfalls. The project, designed to provide affordable homes to low- and middle-income families, has been unable to secure a Rs. 25 billion loan essential for its ongoing progress. Official documents indicate that a $90 million funding tranche from […]
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 […]
