Pakistan economy
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 […]
Government Announces Marginal Reduction in Petrol and Diesel Prices for August
The federal government has announced a slight reduction in the prices of petroleum products, offering limited relief to consumers across Pakistan. The revised fuel rates, issued by the Oil and Gas Regulatory Authority (OGRA), came into effect following the latest pricing review. According to the official notification, the price of motor spirit (MS) petrol has […]
Senate Panel Calls for 50% Oil and Gas Revenue Share for Producing Provinces
The Senate Functional Committee on Devolution has urged the federal government to fully implement constitutional provisions by ensuring that oil- and gas-producing provinces receive their rightful 50% share of revenue generated from natural resources extracted within their territories. The directive came during a committee meeting chaired by Senator Zamir Hussain Ghumro, where members reviewed the […]
Pakistan Could Save Up to Rs. 5 Trillion by Shutting Down Redundant Ministries, Senators Say
Pakistan could reduce its annual government spending by as much as Rs. 4 trillion to Rs. 5 trillion if loss-making and unnecessary federal ministries are abolished in line with the 18th Constitutional Amendment, members of the Senate Functional Committee on Devolution said during a meeting on Friday. The committee stressed that implementing the constitutional provisions […]
Pakistan Forced to Buy Costliest LNG Cargo in Four Years as Global Supply Tightens
Pakistan has been compelled to purchase one of its most expensive liquefied natural gas (LNG) cargoes in the past four years as geopolitical tensions in the Middle East continue to disrupt global energy markets. The latest procurement reflects the growing pressure on LNG-importing countries as supply constraints push spot prices higher across Asia. According to […]