Pakistan is set to achieve significant cost savings and reduce its reliance on imported fuel through a major reform in Thar coal mining operations. The country’s Power Division Pakistan has announced a transition from diesel-powered mining to electricity supplied through the national grid, a move expected to deliver both economic and operational benefits. The initiative […]
SECP Seeks Stakeholder Input to Revitalize Pakistan’s Debt Market
The Securities and Exchange Commission of Pakistan has initiated a fresh push to reform Pakistan’s corporate debt market by launching three focused surveys aimed at gathering insights from key stakeholders. This move reflects the regulator’s broader strategy to modernize financial markets, improve transparency, and encourage greater participation in debt instruments. By inviting feedback, the SECP […]
Pakistan Risks $9 Billion Export Blow if GSP Plus Status Is Lost
Pakistan’s export-driven economy could face a serious challenge if its preferential trade access to European markets is withdrawn. Business leaders are warning that the potential loss of GSP Plus status may result in annual export losses of up to $9 billion, impacting key industries across the country. The concern was highlighted during a press briefing […]
Government Raises Rs. 118 Billion Through 32nd Ijarah Sukuk Auction
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 […]