Following a meeting with local refineries, the Petroleum Division has announced a major adjustment in High Speed Diesel (HSD) prices effective from August 20. The fuel saw a sharp drop of 8.1 percent, providing significant financial relief to transporters and farmers. With this revision, HSD prices fell by Rs32.63 per litre, bringing the new rate from Rs395.69 to Rs363.06 per litre. Conversely,
Hutchison Ports Pakistan, the country’s only state-of-the-art deep-water container terminal, has announced a major upgrade to its operations with a USD 76 million investment program spanning 2026 and 2027. The investment includes two electric remote-controlled Quay Cranes (QCs), 17 electric remote-controlled Rubber Tyre Gantry Cranes (RTGCs), 70 e-trucks, and 50 trailers. As part of efforts
Finance Minister Muhammad Aurangzeb on Wednesday confirmed that Pakistan has formally sought a USD 10 billion Exchange Stabilisation Support Facility from the United States, saying the initiative is aimed at strengthening foreign exchange stability and sending a positive signal to international capital markets rather than securing a conventional loan or credit line. Talking to Business Recorder
Pakistan’s trade deficit jumped over 25% to $3.95 billion in July 2026 compared to July 2025, with import payments surging almost 18% on year-on-year (YoY) basis and export earnings improving nearly 10%, as per official data released on Wednesday. The deficit had stood at $3.15 billion in July 2025, the Pakistan Bureau of Statistics (PBS) reported. “Data suggests the underlying import appeti
Pakistan’s fiscal deficit narrowed to 2.6% of gross domestic product (GDP) in the fiscal year 2025-26, its lowest level in more than two decades, said Adviser to the Finance Minister Khurram Schehzad. The deficit, which stood at 7.9% of GDP in FY22, has declined for three consecutive years, while the government recorded a primary surplus, before interest payments, of 2.9% of GDP in FY26, Schehz