ISLAMABAD: Despite challenges arising from the US-Iran conflict, rising oil prices, increased freight and insurance costs and a global risk-off trend, Pakistan’s capital market remained resilient. In this regard, the Securities and Exchange Commission of Pakistan (SECP) has released its quarterly review report for the third quarter of fiscal year 2025-26. According to the SECP,…
$2.45 billion had been repaid last week, bringing the total repayment to $3.45 billion Pakistan has completed the repayment of $3.45 billion in deposits to the United Arab Emirates (UAE) after returning a final tranche of $1 billion, the State Bank of Pakistan (SBP) announced on Friday. In a post on X, the SBP announced that…
The well is flowing through a 32/64-inch choke at a pressure of 3,585 pounds per square inch ISLAMABAD: Oil and Gas Development Company (OGDC) on Thursday announced the revival of gas production from Jand-1 well, located in Attock district of Punjab province, marking a significant operational achievement. According to a statement issued by the company,…
State Bank of Pakistan. Photo: File KARACHI: The State Bank of Pakistan’s (SBP) foreign exchange reserves increased by $18 million during the week ended April 17, 2026, reaching $15.097 billion, according to official data released on Thursday. Overall, the country’s total liquid foreign reserves stood at $20.628 billion. Breakdown shows the SBP-held reserves at $15.097…
ISLAMABAD: Federal Minister for Power Division Sardar Awais Ahmed Khan Leghari has taken serious notice of power off-take from small power producers (SPPs) and captive power plants (CPPs) by distribution companies (DISCOs) at tariffs exceeding the prevailing national merit order, according to a statement issued on Wednesday. The matter was revealed during a stock-taking of…
LAHORE: The Pakistan Association of Automotive Parts & Accessories Manufacturers (Paapam) has voiced concern over reports that the draft Automobile & Auto Parts Manufacturing Policy (2026-31) is being forwarded to the International Monetary Fund (IMF) without meaningful consultation with the Engineering Development Board (EDB), parts vendors and other key industry stakeholders. In a statement, Paapam…
KARACHI: Gold prices in Pakistan declined on Wednesday, diverging from gains in the international market, where bullion rebounded from a more than one-week low, supported by softer US Treasury yields and fresh bargain hunting amid geopolitical uncertainty. In the local market, the price of gold per tola fell by Rs1,200 to settle at Rs498,962, according…
Energy minister says Pakistan is not sure when it will get more cargoes from Qatar Pakistan LNG Limited has issued its first spot tender for liquefied natural gas (LNG) since December 2023 amid supply shortfalls triggered by the US-Israeli war with Iran. The company is seeking bids from international suppliers for three LNG cargoes of around…
ASA Bank, Turaco partner to embed insurance into loans, SBP pushes financial inclusion KARACHI: Pakistan’s microfinance sector is moving beyond its traditional focus on credit disbursement by embedding insurance into loan products, signalling a shift towards “risk-protected lending” in a country with one of the lowest insurance coverage rates globally. The emerging model, enabled by…
Expands focus beyond infrastructure financing to fiscal reforms, women’s economic inclusion, critical minerals The Asian Development Bank (ADB) increased its financial commitments to Pakistan in 2025, approving $3.672 billion, which is 22 per cent higher than the $2.995 billion recorded in the previous year. The expansion reflects the bank’s growing engagement in new sectors,…