Business
Federal Government to Set Up Asan Khidmat Markaz in Gilgit-Baltistan and Azad Kashmir
The federal government has announced the establishment of three new Asan Khidmat Markaz aimed at improving public service delivery in remote and underserved regions of Gilgit-Baltistan and Azad Jammu and Kashmir. The initiative is designed to bring multiple government services under one roof, allowing citizens to access essential administrative facilities without the need to visit […]
NBP Gets Approval for Commercial Launch of Raast P2M Acquiring
National Bank of Pakistan has received official approval for the commercial launch of Raast Person-to-Merchant (P2M) Acquiring, marking a significant development in Pakistan’s rapidly growing digital payments sector. The approval represents an important milestone in the bank’s digital transformation strategy and supports Pakistan’s broader push toward a cashless and digitally connected economy. A meeting was […]
FIA Alleges Oil Companies Received Payments for Fuel Not Yet Imported
A major controversy has emerged in Pakistan’s petroleum sector after the Federal Investigation Agency alleged that several oil marketing companies (OMCs) received government compensation payments for fuel stocks that had not even been imported at the time of payment. The revelations surfaced during an interim inquiry conducted by FIA’s Anti-Corruption Circle Karachi, which examined the […]
Emirates Group Reports Record AED 24.4 Billion Profit for 2025-26
The Emirates Group has announced record-breaking financial results for the 2025-26 fiscal year, posting its highest-ever profit, revenue, and cash balance despite operational disruptions during the final month of the reporting period. According to the group’s latest annual report, the Emirates Group recorded a profit before tax of AED 24.4 billion (US$ 6.6 billion), reflecting […]
Dera Ismail Khan Airport Restored After Years of Neglect, Resumes Operations
A long-inactive regional airport has been brought back into service as Dera Ismail Khan Airport has been fully rehabilitated and made operational after years of neglect. The restoration marks a significant development in Pakistan’s ongoing efforts to revive non-functional aviation infrastructure across the country. The project was completed through coordinated efforts between the Pakistan Airports […]
FFC Joins Arif Habib Consortium to Acquire 100% Stake in PIA
Fauji Fertilizer Company Limited has officially joined a consortium led by Arif Habib Corporation Limited to acquire full ownership of Pakistan International Airlines. The move marks a significant development in Pakistan’s ongoing efforts to restructure and privatize its national carrier. The consortium has established a special purpose vehicle named PIA Equity Limited, which will serve […]
PSO Profit Surges 150% to Rs. 38.1 Billion in 9MFY26
Pakistan State Oil (PSO) has reported a massive jump in profitability for the nine months ending March 31, 2026, showcasing strong financial resilience despite a volatile energy market. The company posted a net profit of Rs. 38.1 billion, marking an impressive 149 percent increase compared to Rs. 15.3 billion in the same period last year. […]
Rupee Strengthens Against Pound and Euro, Extends Long Winning Run Against Dollar
The Pakistani Rupee continued its upward trajectory in the currency market, closing stronger against major global currencies while extending its remarkable streak against the US Dollar. On Tuesday, the rupee appreciated for the 149th consecutive session against the dollar, signaling sustained stability in the local foreign exchange market. According to market data, the rupee settled […]
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 […]