Business
Pakistan’s Circular Debt Rises by Rs. 228 Billion After Temporary Decline
Pakistan’s power sector circular debt has once again increased sharply after showing signs of improvement during fiscal year 2025, raising fresh concerns about the country’s ongoing energy sector challenges. According to the Pakistan Electricity Review 2026, the circular debt of the power sector had declined significantly during FY25 before rebounding within a few months. The […]
CTP Announces Eid-ul-Azha Cattle Market Traffic Plan in Rawalpindi
The City Traffic Police (CTP) Rawalpindi has introduced a comprehensive traffic management plan for Eid-ul-Azha cattle markets across the district to ensure smooth vehicle movement and public convenience during the festive season. According to a spokesperson for the traffic police, a total of eight cattle markets have been established throughout Rawalpindi district. Among these, two […]
Government Delays Planned Tax Increase on Fertilizer and Pesticides
The federal government has decided to postpone the proposed increase in taxes on fertilizer and pesticides, providing temporary relief to Pakistan’s agriculture sector and farmers already facing rising production costs. According to recent developments, the government has formally informed the International Monetary Fund in writing that the planned tax hike will not be implemented for […]
Over 1,000 Government Houses in Islamabad Allegedly Under Illegal Occupation by CDA Officers
More than 1,000 government residences located in Islamabad’s prime sectors are reportedly under illegal or irregular occupation by officers linked to the Capital Development Authority (CDA), according to audit objections and official records. Documents reveal that 1,083 official houses belonging to the Estate Office pool were supposed to be vacated and returned for fresh allotment. […]
Finance Ministry Explains Recent Increase in Government Expenditure
The Finance Division has issued a clarification regarding recent reports on rising civil government expenditure, stating that the figures were presented without proper context and created a misleading perception about federal spending trends. In an official statement released on Thursday, the ministry explained that a significant portion of the increase in expenditure was linked to […]
Al-Ghazi Tractors Highlights Agricultural Mechanization at Agri Asia Conference 2026
Al-Ghazi Tractors Limited participated in the 19th International Agri Asia Exhibition & Conference 2026, reinforcing its commitment to promoting agricultural mechanization and supporting Pakistan’s farming sector. The three-day exhibition, held in Lahore, brought together major stakeholders from the agriculture and livestock industries. As one of Pakistan’s leading tractor manufacturers, Al-Ghazi Tractors Limited showcased a range […]
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 […]