The Government of Pakistan is considering implementing a smart lockdown strategy as part of its efforts to address the ongoing fuel and energy crisis. The proposed approach aims to reduce fuel consumption through targeted measures while avoiding a complete shutdown of daily activities. Unlike strict nationwide lockdowns, a smart lockdown focuses on limited and strategic…
Pakistan is set to receive approximately $1.2 billion from the International Monetary Fund (IMF) as the country continues to show progress in implementing key economic reforms. The disbursement includes $1 billion under the Extended Fund Facility (EFF) and an additional $210 million through the Resilience and Sustainability Facility (RSF), pending final approval from the IMF…
The Federal Board of Revenue (FBR) has filed an appeal in the Supreme Court of Pakistan challenging a recent order issued by the Peshawar High Court (PHC) regarding the de-sealing of two tobacco companies. According to reports, the PHC had earlier directed the FBR to unseal the premises of the two tobacco firms. However, the…
The Asian Development Bank (ADB) has granted a final one-month extension for the $360 million CAREC Tranche-III project, urging Pakistan’s National Highway Authority (NHA) to complete the contract award process within the new deadline. The CAREC project is part of a major regional development initiative aimed at improving transport infrastructure, regional connectivity, and economic cooperation…
The Pakistan Stock Exchange (PSX) experienced a significant decline during the latest trading week as the benchmark KSE-100 index dropped by 3,629 points, reflecting strong selling pressure in the market. By the end of the week, the KSE-100 index closed at 153,866 points, showing a sharp fall compared to the previous week. Market activity remained…
The federal government is considering freezing petroleum prices in Pakistan despite a sharp increase in global oil prices, in an effort to protect consumers from sudden fuel price hikes. According to official sources, the government has already imposed a ban on the export of petroleum products while evaluating measures to stabilize domestic fuel prices. Authorities…
The government of Pakistan has finalized a comprehensive national action plan to protect fuel supplies and maintain energy stability amid rising tensions in the Middle East. The plan was developed during a high-level meeting of the cabinet committee formed by Prime Minister Shehbaz Sharif to monitor petrol prices and assess the potential impact of the…
