Pakistan economy
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, […]
Pakistan’s Non-Life Insurance Market Estimated at $1 Billion as Digitalization Drives New Opportunities
Pakistan’s non-life insurance sector has an estimated market size of around $1 billion, while the wider potential for insurance and protection services is estimated at approximately $90 billion, according to TPL Insurance CEO Muhammad Aminuddin. Aminuddin shared the figures while speaking during the Securities and Exchange Commission of Pakistan (SECP) Talk Series, which focused on […]
Pakistan-Gulf Trade Deficit Drops 46% as Imports Decline
Pakistan’s trade deficit with six Gulf countries recorded a sharp decline in July, falling by 46 percent compared with the same month last year, according to data from the State Bank of Pakistan. The trade gap with Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain, Qatar and Oman stood at approximately $750.5 million in July. […]
Govt Moves Closer to ZTBL Privatization as Transaction Plan Advances
The privatization of Zarai Taraqiati Bank Limited (ZTBL) has moved closer to implementation after the Privatisation Commission Board approved the proposed transaction structure and restructuring plan for the state-owned financial institution. According to official documents, the transaction structure was prepared by the financial adviser appointed for the privatization process. The recommendations were presented to the […]
Feels Like PIA Is Getting Special Treatment as Losses and Legacy Debt Remain a Concern
The privatization of Pakistan International Airlines (PIA) has raised fresh questions about how much of the national carrier’s financial burden has actually been transferred to private ownership. While PIA has moved into private hands, its historical losses and legacy debt have not necessarily followed the airline to the same extent. This has created a debate […]
Oil Tops $90 Again, Raising Concerns Over Another Fuel Price Hike in Pakistan
International oil prices have climbed above $90 per barrel again, increasing the possibility of another rise in petrol and diesel prices in Pakistan if global market trends continue to put pressure on domestic fuel costs. Brent crude settled at $90.87 per barrel on August 17, marking a gain of more than $2 as concerns over […]
Solar Owners Are Rapidly Challenging Pakistan’s Costly Power Plant Business Model
Pakistan’s rapid shift toward solar power is creating a growing challenge for the country’s traditional electricity market, as households and businesses increasingly generate their own electricity instead of relying entirely on the national grid. Official documents cited by ProPakistani show that electricity demand declined by 8.66 percent year-on-year. Several distribution companies (DISCOs) also recorded lower […]
Nishat-Led Consortium Joins Bid to Acquire FESCO in Pakistan’s Privatization Drive
A powerful consortium of seven publicly listed Pakistani companies has entered the race to acquire the Faisalabad Electric Supply Company (FESCO), marking a significant development in the government’s ongoing privatization program. The move highlights growing private sector interest in Pakistan’s energy distribution sector as authorities continue efforts to improve efficiency and attract strategic investment. Each […]
Pakistan’s Cement Sales Rise in July 2026 as Domestic Demand Surges Despite Export Decline
Pakistan’s cement industry began the new fiscal year on a positive note, with overall cement dispatches recording steady year-on-year growth in July 2026. Strong domestic demand helped offset a significant decline in exports, reflecting the resilience of the local construction sector despite challenges in international markets. According to figures released by the All Pakistan Cement […]