Prime Minister Shehbaz Sharif has directed the Ministry of Civil Aviation to prepare an expedited feasibility study for launching direct flights between Pakistan and the Maldives. The announcement came during the Pakistan-Maldives Business Forum in Islamabad, attended by visiting Maldivian President Dr Mohamed Muizzu, as both countries seek to strengthen air connectivity, trade and…
The Pakistani government has reduced the price of petrol by Rs5.16 per litre and high-speed diesel (HSD) by Rs7.69 per litre, offering some relief to consumers amid fluctuations in international oil markets. According to a notification issued by the Petroleum Division, the revised prices took effect on October 20. Petrol is now priced at Rs381.14…
The Punjab government has approved an industrial development and export promotion programme worth Rs1.995 trillion, aiming to create more than 162,000 jobs and strengthen the province’s industrial, agricultural and economic sectors. The plan was presented by Senior Minister Marriyum Aurangzeb during a provincial cabinet meeting chaired by Chief Minister Maryam Nawaz Sharif on Monday. The…
Pakistan has begun the process of determining its new electricity base tariff for 2027 after the Central Power Purchasing Agency (CPPA) submitted a tariff application to the National Electric Power Regulatory Authority (NEPRA). The proposed tariff is scheduled to take effect from January 1, 2027, subject to regulatory review and approval. According to the application,…
The government has announced a reduction in the prices of petroleum products, providing some relief to consumers, transporters and businesses across Pakistan. Under the latest adjustment, the price of petrol has been reduced by 84 paisas per litre, while high-speed diesel (HSD) has become cheaper by Rs2.63 per litre. Petroleum prices are reviewed periodically based…
Pakistan Single Window (PSW) has introduced a remote biometric verification facility through the National Database and Registration Authority’s (Nadra) PakID mobile application, allowing eligible users to complete the mandatory verification process through their smartphones. The new facility removes the need for users to physically visit a Nadra e-Sahulat Centre for biometric verification linked to PSW…
Pakistan and the United States have stepped up discussions on digital asset regulation as Islamabad works to establish a clearer framework for the country’s rapidly developing virtual assets sector. US Chargé d’Affaires Natalie Baker met Minister of State and Pakistan Virtual Assets Regulatory Authority (PVARA) chief Bilal Bin Saqib in Islamabad on Sunday. The meeting…
Pakistan has increased the prices of petrol and high-speed diesel (HSD), with petrol now selling at Rs391.22 per litre and diesel reaching Rs421.45 per litre. The latest revision has increased the petrol price by Rs6.88 per litre, while the price of high-speed diesel has gone up by Rs5.62 per litre. The increase comes shortly after…
ISLAMABAD: Pakistan’s authorities have identified significant gaps in the existing liquefied petroleum gas (LPG) pricing mechanism, with officials warning that the current formula is creating market distortions and widening the difference between notified and actual consumer prices. The issue was discussed during a meeting of the National Price Monitoring Committee (NPMC), where the Oil and…
ISLAMABAD: A recent survey has found that 91% of Pakistanis consider doing business in the country difficult, with respondents identifying taxation, limited access to financing, energy costs, regulations and corruption among the major challenges facing businesses. According to the survey conducted by the Institute of Public Opinion Research (IPOR), the complicated tax system emerged as…
