Business
Pakistan to Sign Visa-Free Agreement With Ethiopia for Diplomatic and Official Passport Holders
Pakistan and Ethiopia have reviewed progress on a proposed visa exemption agreement for diplomatic and official passport holders, marking another step towards strengthening relations between the two countries. The agreement was discussed during a meeting between Federal Commerce Minister Jam Kamal Khan and Ethiopian Ambassador Oumer Hussein Oba. The discussions focused on bilateral cooperation and […]
SBP Imposes Rs1.58 Billion in Fines on Banks During FY26
The State Bank of Pakistan (SBP) imposed penalties worth Rs1.58 billion on banks and financial institutions during the financial year 2025–26 (FY26) for violations of regulatory requirements. However, the central bank’s latest annual financial statement does not disclose the names of the institutions penalised or provide a detailed breakdown of their individual violations. The development […]
Punjab Approves Rs. 10 Billion Subsidy to Keep Flour Prices Affordable
The Punjab government has approved a Rs. 10 billion subsidy to help keep flour prices affordable across the province following a sharp increase in the cost of the essential food item. Chief Minister Maryam Nawaz has directed officials to take immediate steps to ease the financial pressure on consumers. According to ARY News, the chief […]
Pakistan Invites Global Sikh Community to Invest in Guru Nanak Expressway Project
Pakistan has invited members of the international Sikh community, particularly those living in the United Kingdom, Canada, and the United States, to invest in the proposed Guru Nanak Expressway project. The initiative aims to attract overseas investment while improving access to important Sikh religious and historical sites in the country. Federal Minister for Communications Abdul […]
Karachi Yellow Line BRT Construction to Continue Around the Clock
The Sindh government has directed authorities to accelerate construction work on the Karachi Yellow Line Bus Rapid Transit (BRT) project, with activity to continue around the clock to help ensure its timely completion. Sindh Senior Minister Sharjeel Inam Memon issued the directive while reviewing progress on the major public transport project. He emphasized the need […]
Petrol Price Moves Closer to Rs. 400 as Government Raises Fuel Rates
Petrol prices in Pakistan have moved closer to the Rs. 400-per-litre mark after the federal government approved an increase in the prices of motor spirit and high-speed diesel. According to the latest update from the Oil and Gas Regulatory Authority (OGRA), the new fuel prices will remain applicable for the next three days. The price […]
Pasban Remittance Rewards Scheme Launched to Boost Formal Remittance Inflows
Pakistan’s banking industry, the State Bank of Pakistan (SBP) and the government have joined hands to encourage overseas Pakistanis to send more money through formal banking channels under a new nationwide incentive initiative. The Pasban Remittance Rewards scheme was launched at an event held at the State Bank of Pakistan, with SBP Governor Jameel Ahmad, […]
Large Electricity Consumers May Face Higher Bills Under Proposed NEPRA Changes
Large electricity consumers in Pakistan could face higher costs for using shared power infrastructure under a set of proposed regulatory changes by the National Electric Power Regulatory Authority (NEPRA). The proposed amendments focus on several areas of electricity connections, including shared grid infrastructure, dedicated equipment and temporary connections for different categories of consumers. NEPRA has […]
PAEC Foundation Signs Contract for 5MW Hydropower Plant at Chashma
The Pakistan Atomic Energy Commission (PAEC) Foundation has signed a contract to establish a new 5-megawatt hydropower plant at the Chashma nuclear power complex, marking another step toward expanding clean electricity generation. The project, known as Foundation Hydel Power Plant Unit-05 (FHPP-05), will be constructed at the outfall of the Chashma-5 Nuclear Power Plant. It […]
CDA Begins Issuing Allotment Letters to E-12 Affectees After Decades of Delay
The Capital Development Authority (CDA) has begun issuing allotment letters to affectees of Islamabad’s Sector E-12, marking a significant step toward resolving a long-running issue linked to the development of the sector. The move is expected to enable the civic authority to take possession of the required land and move forward with development activities that […]