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ADB maintains Pakistan's GDP forecast at 3.7%, warns of expensive energy risks
Wed, 23 Sep 2026 10:41:00 +05:00

Staff members of the Asian Development Bank step out of the Manila-based lender's headquarters. — AFP/FileReforms, stronger reserves backing economic outlook: ADB.ADB head says risks growing for developing Asia, Pacific region.Middle East conflict slowed economic activity in...

High Commissioner urges overseas Pakistanis to invest in Pakistan's modern tax-free zones
Tue, 22 Sep 2026 21:34:10 +05:00

Pakistan’s High Commissioner to the United Kingdom Tipu Usman poses during meeting with Islamabad-based businessman Maqbool Hussain Awan at the Pakistan High Commission. — Reporter

LONDON: Pakistan’s High Commissioner to the United Kingdom Tipu Usman has called on...

At UNGA session, crypto czar urges fairer financial future for Global South
Tue, 22 Sep 2026 15:42:00 +05:00

Pakistan Virtual Assets Regulatory Authority Chairman Bilal Bin Saqib speaks during the Social Business, Youth and Technology Forum, September 22, 2026. — PVARA

Pakistan Virtual Assets Regulatory Authority Chairman Bilal Bin Saqib has said that artificial intelligence and...

Govt secures another Qatari LNG cargo after talks 'involving Iranian officials'
Tue, 22 Sep 2026 11:59:00 +05:00

A photo taken on December 5, 2025, of Al Kharaitiyat vessel, which data shows it was sailing towards the Strait of Hormuz on Saturday, May 9, 2026, after departing Qatar's Ras Laffan en route to Port Qasim in Pakistan, in this picture obtained from social media. — ReutersCargo crossed...

Iesco privatisation receives strong investor interest as 10 EOIs submitted
Mon, 21 Sep 2026 22:05:00 +05:00

A power transmission tower is seen a day after a country-wide power breakdown, in Karachi, Pakistan, January 24, 2023. — ReutersThree Turkish companies submit EOIs for Iesco privatisation.Pakistani business groups also show strong interest.Applicants face evaluation before entering...

Why diesel prices are rising more than crude oil
Mon, 21 Sep 2026 21:31:00 +05:00

A worker fills his truck with diesel fuel at a corporate filling station in San Diego, California, US, May 18, 2026. — Reuters

Prices at the pump for diesel and other fuels are hitting fresh highs as the wars and the Middle East and Ukraine have not only choked off...

Fuel could hit Rs1,000 per litre if shortage emerges, warns petroleum minister
Sun, 20 Sep 2026 20:14:00 +05:00

A person outside a closed petrol pump in Hyderabad on February 27, 2023. — OnlinePetrol prices in Pakistan rose 50% amid global volatility: Malik.Govt providing relief to vulnerable segments: minister.Petrol being sold at Rs389.14 per litre; HSD at Rs424.04.

LAHORE:...

Govt 'exits' electricity purchase system as first-ever power wheeling auction begins
Sun, 20 Sep 2026 13:04:00 +05:00

Federal Minister for Energy Sardar Awais Ahmad Khan Leghari speaks in this televised address in Islamabad, September 20, 2026. — Screengrab via YouTube/Geo News Minister Awais Leghari says govt will no longer buy power.Suppliers, consumers to transact with each other:...

Freelancers' export earnings cross $350m in July-August FY27
Fri, 18 Sep 2026 11:24:10 +05:00

This photograph shows employees of online marketplace company in Karachi. — AFP/FileExport receipts up 44% recorded in corresponding period of 2025.Non-IT services generate $139m during July-August period.PAFLA chief hails govt for conducting skills-development courses.

SBP clears air on Rs10 banknote discontinuation claims
Fri, 18 Sep 2026 09:23:53 +05:00

An image of Rs10 denomination currency note. — SBP

The State Bank of Pakistan on Thursday denied social media rumours claiming that the Rs10 banknote is being discontinued or that a deadline has been set for exchanging the notes.

In a statement, the central...

Petroleum dealers begin fuel sales under relief scheme after talks with govt
Thu, 17 Sep 2026 18:31:00 +05:00

A view of motorists standing in a queue for filling petrol outside a petrol pump in Rawalpindi on January 1, 2023. — OnlinePetroleum dealers agree to sell fuel under govt scheme.PPDA says talks with govt team remain successful.SMS charges for fuel subsidy registration waived.

Pakistan eyes bigger China swap line, expects US financing decision soon
Thu, 17 Sep 2026 18:10:00 +05:00

Finance Minister Muhammad Aurangzeb speaks during a Reuters interview, with a portrait of Mohammad Ali Jinnah, founder and first Governor-General of Pakistan, in the background, in Islamabad, June 15, 2026. — Reuters US response on $10bn stabilisation facility in two months:...

Govt orders shops and malls to close by 9pm under austerity drive
Thu, 17 Sep 2026 17:24:00 +05:00

Customers shop for bangles at a market in Islamabad on May 9, 2020. — AFPGovt slashes official fuel by half, bans foreign trips. Vehicle purchases also banned under new austerity drive.Meetings will preferably be held through teleconferencing.

ISLAMABAD: The federal...

Federal Reserve raises US rates to 3.75%-4%, signals more hikes as inflation risks intensify
Thu, 17 Sep 2026 07:25:43 +05:00

Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee at the Federal Reserve in Washington, DC, US, September 16, 2026. — Reuters

Fed lifts benchmark interest rate to 3.75%-4.00% range.New...

Petroleum dealers refuse to sell fuel under govt relief scheme
Wed, 16 Sep 2026 17:03:00 +05:00

A petrol pump in the federal capital seen in this undated image. — Online/FileDealers say scheme prepared without their consultation. Petroleum dealers seek higher margins amid rising costs.Association questions how govt will reimburse dealers.

Petroleum dealers on...

Power division lowers August FCA, saving consumers from Rs10.6bn, says minister
Tue, 15 Sep 2026 22:45:00 +05:00

A technician fixes new electricity meters at a residential building in Karachi. — AFP/FileNighttime load management “supported” lower electricity costs.Domestic gas prevented additional power load shedding: ministerSays costly RLNG imports avoided through coordination.

Auto sales fall sharply in August amid EV, hybrid tax uncertainty
Tue, 15 Sep 2026 11:44:01 +05:00

Workers assemble cars inside the Hyundai Motor India Ltd. plant at Kancheepuram district in the southern Indian state of Tamil Nadu, October 4, 2012. — Reuters/FilePassenger car production falls 23% month-on-month in August.Passenger car sales drop 20% month-on-month in...

SBP holds policy rate at 11.5% as Mideast tensions stoke inflation fears
Mon, 14 Sep 2026 15:56:00 +05:00

An undated image of the State Bank of Pakistan building in Karachi. — AFP/FileInflation rose to 11.1% in August: MPC.SBP reserves climbed to $21.4 billion: MPC.Moody’s upgraded Pakistan’s rating to B3.

The State Bank of Pakistan on Monday kept...

Govt estimates monthly cost of fuel relief scheme at Rs25-30bn, says petroleum minister
Mon, 14 Sep 2026 14:37:00 +05:00

Federal ministers Attaullah Tarar, Shaza Fatima Khawaja and Ali Pervez Malik hold a press conference to brief the media on the Prime Minister's fuel relief schemeScheme could cost Rs300bn over 10 months: minister.Rs100-per-litre petrol relief targets eligible motorists.IT minister...

Crude oil tops $107 as major Saudi pipeline shuts, key shipping routes come under fire
Mon, 14 Sep 2026 06:21:30 +05:00

The Callisto oil tanker sits anchored in Port Sultan Qaboos as the traffic is down in the Strait of Hormuz, amid the US-Israeli conflict with Iran, in Muscat, Oman, March 12, 2026.—Reuters

East-West pipeline shutdown threatens up to 4% of global oil supplyMonday Gulf-Iran...

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