Tag: Pakistan Economy

ICC Nominates Pakistan’s Sahibzada Farhan for T20 World Cup 2026 Player of the Tournament Award

The International Cricket Council (ICC) has officially revealed the shortlist for the Player of the Tournament award at the ICC Men’s T20 World Cup 2026. Among the nominees is Pakistan’s star opener Sahibzada Farhan, who stands as the country’s only representative on the list following a disappointing campaign for the national side. Pakistan’s journey in […]

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 […]

Gold Prices Surge in Pakistan After US-Israel Strike on Iran

Gold rates in Pakistan recorded a sharp spike on Monday as investors rushed toward safe-haven assets following escalating tensions in the Middle East. The surge came after reports of a joint US-Israel strike on Iran, which triggered global uncertainty and volatility across financial markets. According to rates issued by the All-Pakistan Gems and Jewellers Sarafa […]

ECC Approves Low-Cost Housing Scheme With Rs. 10 Million Loan Limit

The Economic Coordination Committee (ECC) of the Cabinet has approved revised features of the “Mera Ghar Mera Aashiana (MGMA)” mortgage financing scheme, increasing the maximum loan limit to Rs. 10 million. The meeting was held at the Finance Division under the chairmanship of Muhammad Aurangzeb, Federal Minister for Finance and Revenue. The ECC reviewed a […]

Punjab Launches Free Land Scheme for Farmers Under “Apna Khet, Apna Rozgar” Initiative

Punjab Chief Minister Maryam Nawaz has announced a landmark initiative to provide free state land to peasants starting in April. The program, titled “Apna Khet, Apna Rozgar,” aims to strengthen the agricultural backbone of the province and create sustainable livelihood opportunities. Under the scheme, all cultivable government land across Punjab will be leased to eligible […]

Pakistan’s Foreign Debt Interest Payments Surge 84% in Three Years

Pakistan’s interest payments on foreign loans have climbed sharply over the past three years, increasing by 84 percent to reach $3.59 billion. The surge highlights the growing financial strain linked to external borrowing and rising global lending costs. The jump in interest payments reflects the country’s increasing reliance on commercial loans, which typically carry higher […]

FBR to Auction Bahria Town’s 527 Kanal Murree Property on March 5

The Federal Board of Revenue (FBR) is set to auction 527 kanals of land owned by Bahria Town in Tehsil Murree on March 5, 2026, to recover approximately Rs. 26 billion in unpaid income taxes for the tax years 2020 and 2022, according to sources. The auction will take place at the Large Taxpayers Office […]

International Oil Prices Hover Near $70 per Barrel as US–Iran Talks Create Market Uncertainty

International oil prices moved closer to the $70 per barrel mark on Wednesday as global markets reacted to mixed signals surrounding potential nuclear negotiations between the United States and Iran. The uncertainty over whether diplomatic progress could lead to eased sanctions on Iranian oil exports has injected fresh volatility into energy markets. Brent crude futures […]

SECP Releases List of 125 Foreign Companies That Closed Operations in Pakistan

The Securities and Exchange Commission of Pakistan has published an official list of 125 foreign companies that have ceased operations in the country as of January 20, 2026. The disclosure provides fresh insight into the evolving foreign investment landscape and regulatory environment in Pakistan. According to the Securities and Exchange Commission of Pakistan, the list […]

OGDC Boosts Oil Output at Kal-03 Well in Chakwal After Successful Workover

Oil and Gas Development Company Limited has announced a notable increase in oil production from its Kal-03 well located in Chakwal District. The improvement follows a successful workover operation aimed at enhancing the well’s performance and optimizing output. Before the intervention, the Kal-03 well was producing approximately 50 barrels of oil per day under natural […]

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