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 […]
Japan Allocates $380 Million to Sony Group to Accelerate AI Chip Production
Japan has approved a major financial package worth approximately $380 million to support Sony Group in expanding its semiconductor capabilities. The funding, equivalent to up to 60 billion yen, is aimed at boosting the production of advanced AI image sensors. The subsidy has been issued under Japan’s Economic Security Promotion Law through the Ministry of […]
250 Charged After Violent Clashes During CDA Operation at Bari Imam Shrine
A tense situation unfolded in Islamabad’s Bari Imam area after authorities charged around 250 individuals following violent clashes during an anti-encroachment drive. The incident has intensified concerns over law enforcement challenges and public resistance to state operations in sensitive areas. The confrontation began when the Capital Development Authority (CDA) carried out an operation to remove […]
Pakistan Emerges as Key Diplomatic Player in US–Iran Ceasefire Talks
Pakistan is stepping into a significant diplomatic spotlight as high-level talks between the United States and Iran are set to begin in Islamabad. The development marks a notable moment in regional diplomacy, with global attention focused on Pakistan’s role in facilitating dialogue between two long-standing rivals. According to international reports, the talks follow Pakistan’s involvement […]
Punjab Plans to Monetize Metro Stations Through Advertising Space Leasing
In a strategic move to boost non-fare revenue, the Punjab Mass Transit Authority has announced plans to lease indoor advertising spaces across metro stations. The initiative focuses on maximizing commercial potential within public transport infrastructure while maintaining operational efficiency. Under the new plan, advertising rights at 26 stations of the Orange Line Metro Train will […]