Business
Pakistan Ports Handle Over 179,000 Tons of Cargo Amid Strait of Hormuz Tensions
Maritime trade activity in Pakistan remained steady as major ports collectively handled 179,335 metric tons of cargo in a single day, despite heightened regional uncertainty linked to tensions around the Strait of Hormuz. The performance highlights the resilience of Pakistan’s shipping and logistics sector at a time when global supply chains continue to face geopolitical […]
SBP Relaxes Forex Rules to Accelerate Energy Imports Amid Rising Demand
The State Bank of Pakistan (SBP) has introduced new measures to ease foreign exchange regulations, aiming to streamline the import of essential energy resources. The move comes as Pakistan navigates global market volatility and increasing domestic energy requirements. In a recent circular issued to authorized dealers, the central bank allowed commercial banks to issue financial […]
Pakistan Cement Sector Unlocks $700 Million Investment for Seven New Plants
Pakistan’s cement industry is set for a major expansion as the Special Investment Facilitation Council (SIFC) clears regulatory hurdles to enable the establishment of seven new plants. The projects, collectively valued at around $700 million, mark a significant step toward boosting industrial capacity and attracting fresh investment. The initiative comes after the Special Investment Facilitation […]
Govt Disburses Rs. 38 Billion to Stabilize Petrol Prices Under PDC Mechanism
The Oil and Gas Regulatory Authority has processed the disbursement of approximately Rs. 38 billion to oil marketing companies as part of the government’s efforts to maintain stable petrol prices across Pakistan. The payments have been made under the Price Differential Claims (PDC) mechanism, a system designed to compensate companies for selling petroleum products below […]
Power Minister Announces Gradual Relief in Loadshedding Amid Ongoing 4,000MW Shortfall
Federal Minister for Power Awais Ahmad Khan Leghari has announced that electricity loadshedding will begin to ease from tonight, offering partial relief to consumers across the country. The statement comes despite Pakistan continuing to face a significant power shortfall of nearly 4,000 megawatts. The minister expressed regret over the inconvenience caused by prolonged power outages […]
OGDC Achieves Record-Breaking Oil and Gas Output from Baragzai X-01 Well
Oil and Gas Development Company Limited has marked a historic milestone by commencing production from the Baragzai X-01 (Slant) well in the Nashpa Block, located in the Kohat district of Khyber Pakhtunkhwa. The development is being described as the highest-ever oil and gas production from a single well in Pakistan. The inauguration ceremony took place […]
Raja Bazaar Uplift Project Enters Final Phase Ahead of June Inauguration
The uplift and beautification project at Raja Bazaar is steadily progressing, with authorities confirming that around 60 percent of the work has been completed. The initiative, led by the Rawalpindi Municipal Corporation, aims to modernize one of the city’s busiest commercial hubs. The project also covers improvements in the nearby Commercial Market area, focusing on […]
Fuel Relief for Pakistan as Petrol Tanker Arrives at Port Qasim After Ceasefire
In a key development for the country’s energy supply, a major petrol shipment has reached Port Qasim, offering potential relief amid fluctuating global oil markets. The arrival comes shortly after a ceasefire linked to tensions involving Iran, which had significantly impacted international oil prices. The tanker, identified as Corallo One, is carrying approximately 37,085 tonnes […]
SECP Partners With Banks and Fintech to Enable Instant Corporate Account Opening in Pakistan
In a major step toward digital transformation, the Securities and Exchange Commission of Pakistan has partnered with Askari Bank Limited and NayaPay to streamline the process of opening corporate bank accounts across Pakistan. The collaboration is formalized through Memoranda of Understanding (MoUs) aimed at reducing delays and simplifying procedures for newly registered businesses. Under this […]
UAE Fuel Prices Surge Up to 72% Amid Escalating Gulf Energy Pressures
Fuel prices in the United Arab Emirates have witnessed a sharp increase effective April 1, 2026, as global oil market volatility and rising geopolitical tensions continue to impact the region’s energy landscape. The price revision, confirmed by the UAE Fuel Price Committee, reflects significant hikes across all fuel categories. Diesel recorded the steepest jump, soaring […]