SBP holds policy rate at 11%, signals steady hand on inflation
The State Bank held its policy rate at 11%, signaling confidence in a stable inflation outlook amid global risks and improving growth momentum.
Tug of War: Govt defends NEPRA verdict, says new KE tariff curbs inefficiency,
Govt once again backs NEPRA’s K-Electric tariff review as landmark reform ensuring fair pricing, consumer protection, and an end to inefficiency-driven subsidies.
Afghan Taliban Order Dams on Kunar River, Raising Fears of New Water Rift with Pakistan
Taliban chief Hibatullah Akhundzada has ordered immediate dam construction on Afghanistan’s Kunar River, a key Indus tributary, sparking alarm in Pakistan over potential water cuts and escalating tensions amid an…
Pakistan Overhauls State Firms’ Boards to Curb Mismanagement, Spur Efficiency
Pakistan’s Cabinet Committee on State-Owned Enterprises (CCoSOEs), led by Finance Minister Muhammad Aurangzeb, on Friday approved a string of governance reforms and board overhauls across key public entities — part…
Scientists Discover Tree That ‘Grows’ Gold in Its Leaves
Finnish scientists have discovered that Norway spruce trees can “grow” gold, as bacteria inside their needles transform dissolved gold from the soil into solid nanoparticles—a finding that could revolutionize future…
K-Electric Hit With $2.5 Billion Shock as Regulator Slashes Tariff
K-Electric faces a $2.5 billion (Rs700 billion) hit after Nepra slashed tariffs by Rs7.6 per unit, reversing an earlier hike, turning a Rs4 billion profit into Rs85 billion loss, with…
Minister unveils ‘Sea-to-Steel Green Corridor’ plan at Port Qasim
Junaid Anwar Chaudhry launched the $13b “Sea-to-Steel Corridor” at Port Qasim to revive industry, create jobs, and boost exports.
NEPRA slashes K-Electric tariff to Rs32 per unit after review petition
In a major blow to K-Electric’s financial position, the National Electric Power Regulatory Authority (NEPRA) has cut the utility’s multi-year tariff to Rs32 per unit from the earlier determined Rs39.97,…
Aurangzeb pitches reform agenda in Washington, highlights new investment opportunities
Pakistan Seeks Stronger Economic Ties With Saudi Arabia, U.S. Investors Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has held a series of high-level meetings with global financial and…
Pakistan Cuts Petrol Price by Rs5.66 per Litre
In a major relief for consumers hit by rising living costs, the government on Wednesday slashed petrol prices by Rs5.66 per litre for the next fortnight, bringing the new rate…
UBL to Upgrade All Basic Accounts to Mukammal Current Accounts from Oct. 15
United Bank Limited (UBL) announced that it will convert all Basic Banking Accounts (BBA) into its Mukammal Current Accounts starting Wednesday, offering customers broader banking services without any action required…
PPL Hands Operatorship of Offshore Indus Block to Turkish Petroleum
Deal brings Turkiye into Pakistan’s offshore exploration; OGDCL, Mari Energies join consortium In a major boost to Pakistan’s offshore energy ambitions, Pakistan Petroleum Limited (PPL) has announced a strategic partnership…
Rs172b ADB Road Project Scandal: Senate Panel Slams NHA for Concealing Procurement Irregularities
Committee also questions SBP over NBP’s £22m UNBL UK share sale to UBL The Senate Standing Committee on Economic Affairs has accused senior officials of the Ministry of Communications and…
Pakistan Set to Cut Petrol Prices by Rs6.10 a Litre From Oct. 16
Pakistan plans to reduce retail fuel prices from Oct. 16 following a marginal decline in global oil prices, according to people familiar with the matter. The price of petrol is…
China steps up yuan push as dollar dominance faces growing challenge
Beijing’s latest financial maneuvers signal a determined bid to weaken global reliance on the U.S. currency China is accelerating efforts to boost the yuan’s global standing and chip away at…
K-Electric board delays key meeting on Saudi investment to Oct 20
The much-anticipated board meeting of K-Electric, scheduled for Monday to discuss crucial matters including potential Saudi investment, was postponed. The meeting, now rescheduled for October 20, was a continuation of…
Saudi investors sign landmark MoU to acquire majority stake in K-Electric
In a major breakthrough for Pakistan’s power sector, Saudi investor Prince Mansour bin Saud on Thursday signed a historic memorandum of understanding (MoU) to acquire a majority stake in K-Electric,…
CCP Greenlights Merger to Boost Bank Makramah’s Growth and Capital Strength
In a major step toward transforming its financial footing, Bank Makramah Limited (BML) has secured approval from the Competition Commission of Pakistan (CCP) for the merger of M/s. Global Haly…
K-Electric Set to Boost Power Imports to 3,456MW Under Revised National Plan
Rising demand, stronger grid links, and new studies point to growth potential for investors K-Electric is poised for a major power supply boost as the revised Indicative Generation Capacity Expansion…
CCP launches probe into fake Islamabad housing ads
The Competition Commission of Pakistan (CCP) has launched a formal inquiry into deceptive marketing practices in the housing sector after intelligence reports revealed widespread misrepresentation by several housing societies and…
CCP urges LNG sector shake-up to break state monopoly
Watchdog calls for unbundling gas utilities, stronger regulation and private sector entry to cut costs, boost competition Pakistan’s Competition Commission has flagged deep-rooted barriers in the liquefied natural gas (LNG)…
WorldCall parent GlobalTech appoints Frank R. Parrish as president to drive AI, Big Data push
GlobalTech Corporation, the U.S.-based parent of WorldCall Telecom Limited (WTL), has appointed Frank R. Parrish, III as its new president, marking a major leadership transition as the holding company positions…
Finnish mineral giant expands role in Pakistan’s mining sector
Finnish mineral giant Metso will not only supply equipment and services for Pakistan’s flagship Reko Diq mining project but also train local human resources, officials announced Monday after high-level talks…
Pakistan inks record Rs1.225 trillion bank deal to ease power debt
Government’s largest-ever restructuring aims to stabilize electricity sector, with consumers set to fund repayments through surcharges
K-Electric Swings to Profit as Sales Jump, Costs Ease
Posts Rs4.24b profit, rebounds from Rs39.5b loss Utility boosts efficiency, expands grid links as revenue surges 46% despite economic headwinds K-Electric Ltd., Pakistan’s largest private power utility, swung back to…