The federal government has successfully raised Rs. 118.05 billion through the 32nd auction of Government of Pakistan Ijarah Sukuk, signaling continued investor confidence in Shariah-compliant financial instruments. The development highlights strong participation from both institutional and corporate investors in Pakistan’s Islamic finance sector. According to the Pakistan Stock Exchange, the auction attracted bids worth Rs. […]
Government Likely to Absorb Rs. 49/Litre Fuel Cost to Maintain Prices
The federal government is expected to absorb a significant increase of Rs. 49 per litre in fuel costs to keep domestic petroleum prices unchanged for another week. The move comes amid rising global oil prices influenced by tensions in the Gulf region, aiming to provide temporary relief to consumers. According to reports, the government plans […]
Top Bidders Default on Payment for KP Premium Number Plates
The Excise Department Khyber Pakhtunkhwa has taken strict action after several top bidders failed to complete payments for premium vehicle number plates within the stipulated deadline. The department has confiscated bid securities submitted during the auction process. Officials confirmed that the defaulters had initially secured high-value plates during a competitive bidding round but did not […]
Pakistani Rupee Gains Again Against US Dollar and British Pound
The Pakistani Rupee continued its positive momentum in the currency market, closing stronger against the US Dollar for the 120th consecutive day on Monday. The local currency also posted gains against several other major global currencies during the trading session. According to market data, the Pakistani Rupee closed at 279.30 against the US Dollar, recording […]
SECP Raises Sahulat Account Investment Limit to Rs. 3 Million to Encourage Retail Investors
The Securities and Exchange Commission of Pakistan has increased the investment limit for Sahulat Accounts from Rs. 1 million to Rs. 3 million, a step aimed at making stock market participation easier for small retail investors across the country. The decision is designed to encourage more individuals to enter Pakistan’s capital market by allowing them […]
Government Maintains Petrol Prices Despite Global Oil Increase
The Government of Pakistan has decided not to increase petroleum product prices despite a surge in global oil markets. Prime Minister Shehbaz Sharif announced on Friday that fuel prices will remain unchanged in an effort to provide relief to citizens during challenging economic conditions. According to the latest decision, petrol will remain at Rs. 321.17 […]
Faisalabad to Get Rs. 141 Billion Sewerage Upgrade to Modernize Drainage System
Punjab’s major textile hub, Faisalabad, is set to undergo a massive sewerage system upgrade aimed at solving long-standing drainage issues. The Water and Sanitation Agency Faisalabad has prepared a PC-II project worth Rs. 141 billion to modernize the city’s aging infrastructure and improve sanitation services. The project has been designed to tackle sewerage challenges that […]
CCP Urges National Aviation Roadmap to Strengthen Pakistan’s Air Travel Sector
The Competition Commission of Pakistan (CCP) has released a draft report highlighting the need for a national-level aviation strategy to strengthen Pakistan’s civil aviation sector. The report, titled “Competition in the Skies: Pakistan’s Civil Aviation Market Assessment,” presents an extensive analysis of the country’s aviation industry based on nearly two decades of data from 2006 […]
Private Helicopter Services for Northern Areas Likely to Launch by May to Boost Tourism and Rescue Operations
Pakistan may soon introduce private helicopter services in its northern mountainous regions, a move expected to improve tourism access and strengthen emergency rescue capabilities. The development could significantly enhance travel options for tourists, climbers, and trekkers visiting remote high-altitude destinations. According to officials from the Alpine Club of Pakistan, private helicopter operations could begin as […]
Will SBP Issue Fresh Bank Notes for Eid ul Fitr 2026? Here’s the Official Update
Rumors circulating online about the non-availability of fresh currency notes for Eid ul Fitr 2026 have prompted a clarification from the State Bank of Pakistan. The central bank has firmly denied issuing any notification claiming that new banknotes will not be available this year. The clarification comes after a document titled “Non-Availability of Fresh Currency […]