SBP Repays $1 Billion Deposit to Abu Dhabi Fund
The State Bank of Pakistan has repaid a $1 billion deposit to the Abu Dhabi Fund for Development, fulfilling a financial obligation and easing external payment pressures.
Category : Business
Pakistan Floats Tender for Three LNG Cargoes
Pakistan has floated a tender for three LNG cargoes from the spot market to meet rising electricity demand due to supply disruptions and high oil prices from the US-Israel conflict with Iran.
OGDC Revives Gas Production at Jand-1 Well Attock
OGDC successfully revives gas production from the Jand-1 well in Attock, boosting domestic energy supply and reducing reliance on imports.
Pakistan, China Boost Agricultural Cooperation at Expo
Pakistan and China deepen agricultural cooperation as Ambassador Khalil Hashmi visits Shouguang Expo, exploring smart greenhouse tech and investment.
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Rising Electricity Bills Burden Pakistani Consumers
Electricity bills in Pakistan have surged due to increased fuel costs, taxes, and circular debt, putting immense pressure on households and businesses.
Pakistan Forex Reserves Up $104M: SBP
Pakistan's forex reserves increased by $104 million to $16.43 billion, driven by SBP inflows and improved external account, according to the central bank.
Pakistan Advisory on Oman Working Hours for Workers
Pakistan issues advisory for overseas workers in Oman regarding working hours and labor rights, emphasizing compliance with Omani laws.
PM Shehbaz: Energy conservation averted crisis in Pakistan
Prime Minister Shehbaz Sharif stated that energy conservation and timely measures prevented an energy crisis, emphasizing strategic crude oil reserves and electric vehicles.
BoP, Stacks Partner for Blockchain Remittances
The Bank of Punjab and Stacks sign MoU to transform remittances using blockchain and stablecoins, aiming to reduce costs and improve speed for overseas Pakistanis.
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Iran Tightens Hormuz Control After US Abandons Attacks
Iran has tightened control over the Strait of Hormuz after the US called off renewed attacks, escalating tensions in the region and raising concerns over global oil supply.
Middle East Crisis Puts Pakistan's Trade and Energy at Risk
Pakistan's external sector faces severe threats from the Middle East crisis, risking exports, energy imports, and remittances, with potential losses of billions and heightened economic instability.
Kahuta Raid Finds Expired Drinks, Date-Forging Gear
Assistant Commissioner Shireen Gul led a raid in Kahuta, seizing 5,000 liters of expired beverages and equipment used to forge expiry dates. Authorities issued warnings and intensified monitoring.
PSX KSE-100 Index Falls 1,576 Points in Bearish Trading Session
The Pakistan Stock Exchange's benchmark KSE-100 index declined by 1,576.48 points, closing at 171,579.31 points with a 0.91% drop. Trading volume and market capitalization also decreased significantly during the session.
Sitara Petroleum IPO Aims to Raise Rs4.8 Billion for Growth
Sitara Petroleum Service Limited announces an initial public offering to raise up to Rs4.8 billion, with proceeds funding storage terminal development, fuel station expansion, and tanker fleet growth as it transitions toward an integrated OMC model.
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ADB, NHA Sign Deal for Karachi-Sukkur M6 Motorway
Federal Minister Abdul Aleem Khan welcomes the strategic agreement between the Asian Development Bank and the National Highway Authority for the M6 Motorway, a 306-km project set to enhance national connectivity and boost trade.
Scientific Methods Boost Cotton Yield, Research Director Advises
Director Sabahat Hussain urges farmers to adopt modern techniques like laser leveling and certified seeds for better cotton production, emphasizing water conservation and pest resistance.
ASA Microfinance Bank and Turaco Launch Embedded Insurance Partnership
ASA Microfinance Bank and Turaco have formed a strategic partnership to integrate affordable insurance directly into microfinance loans, aiming to protect millions of underserved customers across Pakistan from unforeseen financial risks.
PTCL Q1 2026: 58% Revenue Growth, 5G Spectrum Milestone
Pakistan Telecommunication Company Limited (PTCL) announced exceptional consolidated financial results for Q1 2026, with revenue surging 58% year-on-year and net profit reaching Rs3.1 billion. The group's acquisition of 5G spectrum positions it as a leade
APNS Mourns Passing of Gulzar Ali's Wife, Offers Condolences
APNS President Sarmad Ali and Secretary General Muhammad Athar Kazi express deep sorrow over the death of Gulzar Ali's wife, extending condolences to the bereaved family.
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SBP Gets $1bn Second Tranche from Saudi Finance Ministry
The State Bank of Pakistan has received a $1 billion deposit from Saudi Arabia's Ministry of Finance, marking the second installment of a $3 billion financial agreement between the two nations.
Gold Prices Plunge in Pakistan, Global Markets Down
Gold prices in Pakistan fell sharply on Tuesday, with per tola price dropping by Rs1,000 to Rs500,162. The decline mirrors international trends where gold lost $10 per ounce.
Rohri-Karachi Railway Track Work to Begin in September
Former Prime Minister Shahid Khaqan Abbasi has announced that construction on the Rohri-Karachi railway track will commence in September, marking a significant infrastructure development for Pakistan's transportation sector.
Rupee Appreciates Slightly Against Dollar in Interbank Market
The Pakistani rupee appreciated by 01 paisa against the US dollar in interbank trading, closing at Rs278.91. Forex rates for Euro, Pound, and other currencies also saw minor adjustments as per FAP and SBP data.
Pakistan's Investment Minister Meets Global Leaders in London
Federal Board of Investment Minister Qaiser Ahmed Sheikh held high-level bilateral meetings with global business leaders at the Commonwealth Trade and Investment Summit 2026 in London to strengthen Pakistan's investment partnerships and promote economic c
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Magnum Names Mert Turgut GM for Pakistan Operations
Magnum Ice Cream Company appoints Mert Turgut as General Manager for Pakistan, leveraging his 15+ years in consumer goods to drive growth and innovation in the local market.
Saudi Riyal Steady at Rs74.42 in Pakistan's Open Market
The Saudi Riyal trades at Rs74.42 against the Pakistani Rupee, with selling rates around Rs74.99, showing minimal movement since early 2026. Remittances from Saudi Arabia, a key source at $913.3 million in May 2025, support households despite reduced purc
Gold and Silver Prices Drop in Local and Global Markets
Gold and silver prices have fallen in both local and global markets, driven by economic factors and market trends. This decline impacts investors and consumers, reflecting broader financial shifts.
Rawalpindi Protectorate Leads Overseas Workforce with 26.45% Share
The Protectorate of Emigrants in Rawalpindi contributed 26.45% of Pakistan's 763,526 overseas workers in 2025, processing 52,000 registrations by mid-April 2026 under streamlined supervision.
GMCO, Ajlan & Bros Launch $300M Al-Duwaihi Gold Project
Gold and Minerals Ltd. Co. partners with Ajlan and Bros Mining Co. on a $300 million integrated gold project in Saudi Arabia's Al-Duwaihi Belt, aiming to boost economic diversification and create 1,200 jobs under Vision 2030.
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Turkey-Iran Gas Contract Expiring, No Extension Talks Underway
Turkey's long-term natural gas import contract with Iran is set to expire in July, with no current negotiations for renewal. The deal supplies 9.6 billion cubic meters annually, but actual flows have consistently fallen short.
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