The Newser

Pakistan has imported one million barrels of US crude oil for the first time, marking the largest-ever vessel to dock at a Pakistani port and signaling deepening trade and energy cooperation between Islamabad and Washington.

Gold prices bounced back in Pakistan after a record plunge, tracking global gains ahead of an expected U.S. Federal Reserve rate cut.

Pakistan will receive $250 million in Green Climate Fund support under an ADB-led “Glaciers to Farms” program to protect water, agriculture, and livelihoods in glacier-fed regions.

China’s envoy Jiang Zaidong said Beijing’s Five-Year Plans offer a model for Pakistan’s Uraan plan, fostering joint growth, reform, poverty reduction, and deeper bilateral cooperation.

Pakistan’s state gas firms have sought steep tariff hikes to cover a Rs77 billion shortfall, a move that could fuel inflation and raise energy costs.

Pakistan’s food sector faces a $1.17 billion debt crisis, exposing deep fiscal cracks and echoing power-sector woes as unpaid dues threaten food security and stability.

The State Bank held its policy rate at 11%, signaling confidence in a stable inflation outlook amid global risks and improving growth momentum.

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.

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 already volatile border situation.

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…

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 gold exploration.

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 no consumer relief.

Junaid Anwar Chaudhry launched the $13b “Sea-to-Steel Corridor” at Port Qasim to revive industry, create jobs, and boost exports.

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…

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…

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…

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…

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)…

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…

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.…

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…

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…

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…

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…

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…