Economy

2 mins read

JazzWorld and VEON Leadership Engage Pakistani Government on Digital Transformation and Inclusion

Sumavaya IqbalTagged , , , , , , , , , , , , ,

JazzWorld CEO Aamir Ibrahim, accompanied by Kaan Terzioglu and senior leadership, held a series of strategic meetings with key government officials to discuss Pakistan’s digital future, public-private collaboration, and pathways to accelerate investment, financial inclusion, and economic resilience. Discussions with Ahsan Iqbal focused on leveraging digital technologies to drive sustainable economic growth and align with […]

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1 min read

Kuwait Commits Special Diesel and Jet Fuel Supply Support to Pakistan

Uzma SaharTagged , , , , , , , , , ,

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 […]

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2 mins read

Senate Panel Orders Possible Arrest of FBR Chairman in Rs. 25 Crore Cigarette Theft Case

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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 […]

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3 mins read

Countries with the Lowest Average Salaries in 2023: Where Pakistan Stands Globally

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A recent global comparison of average monthly salaries has highlighted the stark income disparities across countries, with several developing economies ranking among the lowest. According to data attributed to the World Bank, Pakistan tops the list of countries with the lowest average monthly salaries in 2023, raising important questions about economic conditions and wage growth. […]

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2 mins read

No Smart Lockdown in Pakistan, Government Rejects Viral Claims as Misleading

Sumavaya IqbalTagged , , , , , ,

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, […]

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1 min read

Brent Surges Past $115 as Middle East Conflict Deepens and Supply Risks Intensify

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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. […]

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2 mins read

Luxury Imports in Pakistan Face Up to 60% Taxes, Driving Prices Higher

Uzma SaharTagged , , , , , , , , , , ,

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 […]

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1 min read

Pakistan Outperforms Regional Peers in Fuel Supply Management Amid Ongoing Crisis

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Pakistan has demonstrated relative stability in managing its fuel supply chain despite ongoing regional tensions, according to Khyber Pakhtunkhwa Finance Minister Muzzammil Aslam. His remarks highlight the country’s coordinated approach to handling petroleum availability during a period of uncertainty. Speaking on the matter, the provincial minister commended Federal Minister for Finance and Revenue Muhammad Aurangzeb […]

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2 mins read

Fatima Fertilizer Strengthens Ties with Multan Sultans as PSL Title Sponsor

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Fatima Fertilizer Company Limited has reinforced its commitment to Pakistan’s sporting landscape by renewing its partnership with Multan Sultans as the Title Sponsor for the Pakistan Super League. The agreement marks another milestone in a long-standing collaboration that continues to bridge corporate support with national passion for cricket. The Memorandum of Understanding was signed during […]

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2 mins read

Dubai Crude Prices Drop Sharply as Iran-US De-escalation Eases Market Fears

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Global oil markets witnessed a significant correction as Dubai Crude prices fell close to $110 per barrel following easing tensions between the United States and Iran. The decline reflects a shift in market sentiment after weeks of heightened geopolitical uncertainty. Dubai crude dropped to around $113 per barrel, marking a steep fall of nearly $29 […]

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2 mins read

Jet Fuel Prices Surge in Pakistan, Driving Airfare Costs to New Highs

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Air travel in Pakistan is becoming increasingly expensive as jet fuel prices witness a dramatic rise. The cost of aviation fuel has surged from Rs. 176 to Rs. 417 per liter, placing significant financial pressure on airlines and passengers alike. This sharp increase is reshaping the overall dynamics of the country’s aviation sector. Airlines are […]

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1 min read

PCB Announces PSL 11 Ticket Refund Policy Amid Behind-Closed-Doors Decision

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The Pakistan Cricket Board has released a detailed refund policy for tickets purchased for the 2026 Pakistan Super League (PSL 11), offering clarity and reassurance to fans following recent changes to the tournament format. According to the board, all tickets bought online will be refunded automatically to customers through their original payment methods. This includes […]

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2 mins read

Coca-Cola Pakistan Wins Dual Sustainability Honors at International CSR Summit in Karachi

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Coca-Cola Pakistan has earned national recognition for its environmental and social responsibility efforts, securing two major awards at the 15th International Summit on Corporate Social Responsibility held in Karachi. The company was honored for its impactful initiatives in water stewardship and sustainability innovation, reinforcing its role in advancing Pakistan’s environmental goals. At the prestigious gathering, […]

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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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