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…
Cotton prices in Pakistan have continued to climb, with rates increasing by Rs500 per maund, reflecting a firm market driven by changing supply and demand conditions. The latest increase has strengthened the domestic cotton market as traders, ginners, and textile manufacturers closely monitor price movements. According to Ehsan-ul-Haq, Chairman of the Exchange Ginners Forum (EGF),…
The Securities and Exchange Commission of Pakistan (SECP) has received strong support from a Chinese financial consortium and the National Accountability Bureau (NAB) as it continues implementing reforms to strengthen Pakistan’s financial system and capital markets. The latest developments highlight growing international confidence in Pakistan’s financial sector while reinforcing efforts to protect investors from illegal…
Pakistan’s information and communication technology (ICT) sector recorded significant growth during FY2026, with total ICT exports reaching $3.388 billion, according to the latest Pakistan Economic Survey. The figures underline the increasing importance of the technology sector in supporting foreign exchange earnings and strengthening the country’s digital economy. The survey also revealed that the trade surplus…
Pakistan’s inflation rate surged to 11.7 percent in May 2026, reaching its highest level in 22 months and raising concerns about the country’s economic outlook. According to data released by the Pakistan Bureau of Statistics (PBS), headline Consumer Price Index (CPI) inflation increased from 10.9 percent in April to 11.7 percent in May on a…
Pakistan Sets Target of 2 Million New Jobs in FY27 to Boost Economic Growth ISLAMABAD – The federal government has announced an ambitious target of creating 2 million new jobs during the fiscal year 2026-27 as part of its broader strategy to accelerate economic growth, reduce unemployment, and improve living standards across the country. According…
Flour millers in the Rawalpindi-Islamabad region have urged the Punjab government to revise its wheat and flour policy after claiming that nearly 40 percent of flour mills in the twin cities have shut down due to continuous financial losses. Industry representatives say unequal wheat distribution, rising transport costs and administratively fixed flour prices are pushing…
