Category: Business

SECP Issues Updated Master Circular to Streamline Pakistan’s Mutual Fund Industry

The Securities and Exchange Commission of Pakistan (SECP) has introduced an updated Master Circular for Asset Management Companies (AMCs) and Investment Advisers (IAs), aiming to simplify regulatory compliance and improve operational efficiency across Pakistan’s mutual fund industry. The revised circular brings together all relevant regulatory requirements into a single, comprehensive document. By consolidating various circulars, […]

Govt Accelerates Access to Finance Plan to Make Bank Loans More Affordable

The federal government has stepped up efforts to make bank financing more affordable by accelerating the implementation of the Prime Minister’s Access to Finance Plan 2026-28. The initiative aims to improve access to credit for businesses, farmers, exporters, technology firms, renewable energy projects, and the housing sector, supporting economic growth and financial inclusion across Pakistan. […]

Pakistani Expats Can Unlock More Than Dh3,000 in Rewards by Inviting Friends and Family to Visit Dubai

Pakistani expatriates living in Dubai now have an exciting reason to encourage their loved ones to visit the emirate. A newly launched tourism campaign rewards Dubai residents with benefits worth more than Dh3,000 when they successfully invite friends or family members to experience the city. The initiative is designed to promote tourism while encouraging residents […]

IMF Seeks Bigger Recognition of Gas Sector Losses as Pakistan Delays Rs1.7 Trillion Debt Settlement Plan

Pakistan’s efforts to resolve its growing gas sector circular debt have hit another hurdle after the government and the International Monetary Fund (IMF) failed to reach an agreement on a proposed settlement framework. The unresolved plan, valued at Rs1.7 trillion, will now undergo further negotiations, with both sides expected to resume discussions in September. The […]

Three Routes Proposed for Rawalpindi Ring Road Phase-II as Feasibility Study Nears Completion

The development of Rawalpindi Ring Road Phase-II has moved a step forward after the National Engineering Services Pakistan (NESPAK) completed the project’s preliminary feasibility study. The proposed phase is expected to strengthen regional connectivity by linking the Thalian Interchange with the Hakla Interchange along the China-Pakistan Economic Corridor (CPEC) route. According to official sources, NESPAK […]

Sui Southern Launches Sahulat Van to Provide Doorstep Gas Customer Services in Karachi

Sui Southern Gas Company (SSGC) has launched a new mobile customer facilitation unit, named the Sahulat Van, to bring essential gas-related services directly to residents in Karachi. The initiative aims to improve customer experience by reducing the need for people to visit physical customer service centres for routine complaints and inquiries. The Sahulat Van has […]

Pakistan Welcomes First RoRo Vessel Carrying Over 2,000 Imported Electric Vehicles

Pakistan has achieved a major milestone in its automotive and maritime sectors with the arrival of its first roll-on/roll-off (RoRo) vessel carrying more than 2,000 imported electric vehicles (EVs). The development marks the country’s first use of the specialized RoRo shipping service for automobile imports, paving the way for faster, safer, and more efficient vehicle […]

Govt Likely to Announce Record Increase in Diyat to Rs. 19.3 Million for FY2026-27

The federal government is expected to announce the highest-ever increase in the value of Diyat (blood money) for the fiscal year 2026-27, with the proposed amount set at Rs. 19.3 million. If approved by the federal cabinet, the revised compensation will mark the largest increase in Pakistan’s history, reflecting the sharp rise in silver prices […]

Senate Panel Suspends Timber Transport Licenses in Gilgit-Baltistan Pending Forest Verification

A Senate subcommittee has ordered the immediate suspension of timber transit licenses in Gilgit-Baltistan until authorities complete a comprehensive physical verification of forest lessees and logging activities. The move is aimed at strengthening oversight, improving transparency, and ensuring sustainable forest management across the region. The directive was issued during a meeting of the Senate Sub-Committee […]

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