The federal government has introduced the WAPDA Security Force Bill 2026 in the National Assembly, aiming to establish a dedicated security force for the protection and regulation of installations managed by the Pakistan Water and Power Development Authority (WAPDA). The proposed legislation, formally titled “The WAPDA Security Force Bill, 2026,” was presented on Wednesday as […]
ECC Approves New Gemstone Policy to Unlock Pakistan’s Untapped Mineral Wealth
The Economic Coordination Committee (ECC) of the Cabinet has approved a new national gemstone development policy aimed at unlocking billions of dollars worth of untapped mineral resources across Pakistan. The newly approved framework, titled the “National Policy to Realize Pakistan’s Gemstone Potential 2026–2030,” is designed to modernize the country’s gemstone sector, improve exports, and encourage […]
FIA Officers Face Backlash After Alleged Assault During Karachi Jewelry Shop Raid
Officials of the Federal Investigation Agency are facing criticism after CCTV footage from a raid in Karachi’s Saddar Sarafa Bazaar allegedly showed traders and shopkeepers being assaulted during an operation. The incident quickly gained attention on social media after the video surfaced online, sparking outrage among the business community and the public. Several trader groups […]
Punjab Government Extends Relaxation in Business Closure Timings Until June 2026
The Government of Punjab has announced a relaxation in early closure timings for businesses across the province, allowing commercial activities to continue without the previously imposed restrictions until June 1, 2026. According to an official notification issued by the Services and General Administration Department (S&GAD), the exemption applies to shops, markets, shopping malls, hotels, restaurants, […]
Kuwait to Support Pakistan in Developing Strategic Oil Storage Facilities
Pakistan and Kuwait have agreed to enhance cooperation in the energy sector, with a key focus on developing strategic petroleum storage facilities aimed at strengthening Pakistan’s energy security and fuel management capacity. The understanding was reached during a meeting held in Islamabad between Petroleum Minister Ali Pervaiz Malik and Kuwait’s Ambassador to Pakistan Nassar Abdulrahman […]
IMF Mission to Visit Pakistan for Pre-Budget Talks Ahead of FY2026-27
An International Monetary Fund delegation is expected to visit Islamabad later this month to hold crucial discussions with Pakistani authorities regarding the country’s fiscal roadmap ahead of the federal budget for fiscal year 2026-27. According to officials familiar with the matter, the IMF mission is likely to arrive in Pakistan on May 13 or 14. […]
Money Managers Urge Reforms to Boost Savings Market Ahead of Budget 2026–27
As Pakistan prepares for the upcoming fiscal plan, financial experts are calling for targeted reforms to make the savings market more attractive for local investors. The appeal comes during pre-budget consultations, where stakeholders are pushing for policies that encourage broader participation in formal investment channels. Finance Minister Muhammad Aurangzeb recently met with a delegation from […]
DIB Pakistan Partners with Beyond Green Solar Solutions to Expand Shariah-Compliant Solar Financing
In a significant push toward sustainable energy adoption, Dubai Islamic Bank Pakistan has partnered with Beyond Green Solar Solutions to introduce Shariah-compliant solar financing solutions across the country. The collaboration aims to make clean energy more accessible while aligning with ethical financing principles. The agreement was formally signed at DIB Pakistan’s head office in Karachi, […]
‘Relief’ Fades as Pakistan’s Inflation Climbs to Nearly 2-Year High
Pakistan’s inflation has surged sharply, reaching 10.9 percent in April 2026, marking its highest level in almost two years. The latest figures highlight growing economic pressure on households that were already grappling with rising living costs. According to recent data, consumer prices have accelerated at a much faster pace compared to both the previous month […]
Lahore High Court Rules in Favor of SNGPL in Long-Running Gas Pricing Case
In a significant legal development, the Lahore High Court has ruled in favor of Sui Northern Gas Pipelines Limited in a years-old gas pricing dispute. The verdict brings clarity to a prolonged case involving the Cost Equalization Adjustment (CEA) mechanism, while reassuring stakeholders about the company’s financial position. Following the court’s decision, SNGPL issued an […]