Tag: Pakistan Economy
Karachi: Pakistan Peoples Party Chairman Bilawal Bhutto Zardari has praised the Pakistan Navy following the seizure of more than 2,800 kilograms of narcotics during a counter-narcotics operation in the Arabian Sea.Bilawal said the timely operation prevented...
Karachi: Pakistan Navy has conducted a major counter-narcotics operation in the Arabian Sea, seizing more than 2,800 kilograms of narcotics reportedly valued at approximately $750 million in the international market.The operation was carried out by PNS...
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GB Approves Rs218bn Budget With Focus On Austerity And Welfare
GILGIT, September 2026: Gilgit-Baltistan has approved a Rs218 billion budget for the 2026–27 fiscal year, combining spending cuts and austerity measures with increased allocations...
Pakistan Considers Four-Day Workweek Amid Rising Fuel Prices
ISLAMABAD, September 15, 2026: The federal government is considering a four-day working week as part of a broader fuel-conservation and austerity strategy amid sharply...
Sharjeel Memon Demands Withdrawal of Petroleum Levy, Slams Federal Govt Over Fuel Prices
KARACHI, September 15, 2026: Sindh Senior Minister Sharjeel Inam Memon has demanded the immediate withdrawal of the petroleum levy, saying the sharp rise in...
SBP Holds Policy Rate At 11.5% Amid Inflation And External Risks
KARACHI, September 14, 2026: The State Bank of Pakistan (SBP) has kept its key policy rate unchanged at 11.5%, with the Monetary Policy Committee...
Petrol Hike Pushes Vegetable Prices Higher, Burdening Consumers
ISLAMABAD: Petrol prices in Pakistan have risen sharply in recent days, adding pressure to transport and household costs. The latest revision increased petrol by...
Petrol Up Rs106, Diesel Rs107 Per Litre Since February, Says Fawad Chaudhry
ISLAMABAD: Former federal minister Fawad Chaudhry has claimed that petrol and diesel prices have increased significantly since February, with petrol rising by Rs106 per...
PC Hotels Set for Potential Split Between Thatta Cement and Fauji Foundation
ISLAMABAD: Pakistan’s Pearl-Continental (PC) Hotels network could see a major restructuring following a proposed settlement between key stakeholders involved in a prolonged ownership dispute.According...
Moody’s Upgrades Pakistan’s Sovereign Rating To B3 From Caa1
Global ratings agency Moody’s has upgraded Pakistan’s sovereign credit rating from Caa1 to B3, marking another positive assessment of the country’s improving economic and...
PM directs petroleum minister to negotiate diesel price cut with local refineries
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday directed Petroleum Minister Ali Pervaiz Malik to travel to Karachi and hold immediate negotiations with local oil...
Iranian Oil Smuggling Drops 60%, Sources Claim
ISLAMABAD: The illegal flow of smuggled Iranian petroleum products into Pakistan has reportedly fallen by nearly 60% over the past six weeks, according to...
Pakistan’s Textile Trade Faces Mounting Global Scrutiny
ISLAMABAD: Pakistan's textile sector is facing increasing international scrutiny as global buyers and regulators place greater emphasis on supply chain transparency, labor standards, and...
Pakistan Enters Critical Minerals Race with Lithium Find in Sindh
Pakistan Discovers Lithium in Sindh, Opening New Opportunities in the Global Critical Minerals MarketPakistan has taken an important step toward joining the global critical...
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