Pakistan economy
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 […]
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 […]
Jubilee Life, Kashf Foundation Launch ‘Khushal Mustaqbil Takaful’ to Empower Women Financially
In a major step toward financial inclusion, Jubilee Life Insurance, Kashf Foundation, and United Nations Development Programme have jointly introduced “Khushal Mustaqbil Takaful (KMT),” a micro-savings and protection solution tailored to strengthen the financial resilience of women in underserved communities. The partnership was formalized at the Kashf Foundation head office in Lahore, marking a significant […]
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 […]
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 […]
Dubai Crude Surges 20% Above Brent as Supply Shock Hits Global Oil Markets
Global oil markets are witnessing an unusual shift as Dubai Crude trades at a significant premium over Brent Crude. Prices for Dubai crude have climbed to nearly $130 per barrel, reflecting mounting pressure from supply disruptions and geopolitical tensions. Recent analysis from Topline Securities indicates that Dubai crude is now trading more than 20 percent […]