Business
Pakistan’s Urea Sales Set to Hit Six-Year Low After Record December Performance
Pakistan’s urea sales are projected to fall sharply in January 2026, marking the lowest monthly off-take in over six years. According to research by Topline Securities, the decline follows record-breaking purchases in December, combined with tapering seasonal demand and reduced manufacturer discounts. The sector research highlights that fertilizer sales slowed dramatically both month-on-month (MoM) and […]
US Expands H-2B Visa Program to Ease Seasonal Labor Shortages
The United States has announced a major expansion of its H-2B visa program, aiming to address persistent labor shortages across key seasonal industries. Under the Trump administration’s latest decision, an additional 65,000 H-2B seasonal guest worker visas will be made available through September 30, significantly increasing access to foreign labor for U.S. employers. This temporary […]
Government Moves to Reduce Reliance on Bank Financing Through Capital Market Reforms
The federal government has announced plans to reduce Pakistan’s reliance on bank financing by advancing capital market reforms, signaling a strategic shift in the country’s financial framework. This decision aims to lower transaction costs, broaden investor participation, and strengthen alternative funding sources for businesses and institutions. The initiative was discussed during a meeting between Finance […]
PIA Privatisation Agreement Signed in Islamabad, Marking Major Reform Milestone
An important step in Pakistan’s economic reform agenda was completed on Thursday as the privatisation agreement of Pakistan International Airlines (PIA) was formally signed during a ceremony held in Islamabad. The development marks a significant milestone in the government’s efforts to restructure state-owned enterprises and improve their long-term sustainability. Prime Minister Shehbaz Sharif attended the […]
Govt Makes Energy-Efficient Products Mandatory to Cut Power Costs in Public Sector
The federal government has taken a significant step toward reducing electricity consumption and controlling rising power costs by making energy-efficient products mandatory for all public sector procurement. Under the new policy, federal government departments and institutions will now be required to purchase only energy-efficient, star-rated products for official use. The directive has been formally notified […]
Safe City Announces Official E-Challan SMS Number
The Safe City Authority has officially announced that all verified e-challan SMS notifications will now be sent exclusively from the number 9915, aiming to eliminate public confusion and reduce the risk of fraud. According to a spokesperson for the Safe City Authority, citizens should treat any traffic violation message received from a number other than […]
Pakistani Man Wins AED 50,000 Lottery in UAE
A Pakistani expatriate living in Dubai has struck good fortune after winning AED 50,000 in the popular UAE Big Ticket lottery, ending nearly a decade of persistence and hope. The win has brought joy not only to the winner but also to his group members, with whom he shared the prize. Dubai-based expat Irshad Gull, […]
Balochistan Launches Subsidized Electric Scooter Scheme in Partnership With National Bank
Balochistan has become the latest province to introduce a subsidized electric scooter scheme, marking another step toward promoting affordable and environmentally friendly transportation. The initiative is a joint effort between the Government of Balochistan and the National Bank of Pakistan, aimed at making electric mobility accessible to students, working women, and the general public through […]
Pakistan Plans Complete Redesign of Currency Notes; Old Notes to Remain Valid
Pakistan is preparing for a major update to its national currency system as the federal government has decided to redesign all currency notes ranging from Rs. 10 to Rs. 5,000. The move is aimed at modernizing banknotes, enhancing security features, and aligning Pakistan’s currency with international standards, according to sources familiar with the development. Alongside […]
PIA’s New Owner Plans Major Overhaul, Eyes Investment in PNSC
Pakistan International Airlines (PIA) is set for a significant revival under its new management led by renowned businessman Arif Habib, who announced plans to revamp the national carrier while exploring investment opportunities in the Pakistan National Shipping Corporation (PNSC). The consortium aims to improve service quality, expand the fleet, resume profitable routes, and strengthen operational […]