he total deposits held by scheduled banks have moved up by 15.07% YoY to Rs37.64 trillion in May 2026 compared to Rs32.72tr in May 2025. According to the numbers based on the weekly Statement for May 29, 2026 by SBP, Banks' deposits have edged lower by -0.62% MoM, compared to Rs37.88tr in April 2026. Total advances increased by 13.04% to Rs14.72tr compared to Rs13.02tr from a year ago. On
Pakistan's total power generation climbed to 128,700 GWh in FY26, up 1.2% from 127,160 GWh in FY25, driven mainly by higher output from imported coal, RFO and wind. On a monthly basis, generation in Jun'26 stood at 13,430 GWh, down 2.3% year-on-year but up 6.3% from May'26, as seasonal summer demand began to build. The annual decline was led by lower hydel output, while the sequential recove
A fresh round of virtual negotiations between Pakistan and the International Monetary Fund (IMF) has ended in deadlock, with the two sides unable to agree on a mechanism to unwind close to Rs1.7tr worth of circular debt piled up in the gas sector. At the heart of the disagreement, sources said, is a Fund demand that Islamabad stop treating unpaid dues owed to the country's two state-run gas uti
Pakistan is considering a proposal from US conglomerate Honeywell Technologies to modernise and expand the country’s refinery sector to enhance domestic refining capacity and reduce reliance on imported petroleum products. The development came during a high-level interaction between Finance Minister Muhammad Aurangzeb and a delegation of Honeywell Technologies led by its Vice President and Gene
Pakistan LNG Limited has purchased its most expensive LNG spot cargo by approving the procurement at USD 21.88 per MMBtu. The LNG cargo is scheduled to arrive between July 27 and 28 following the board’s approval of the purchase as per bid documents uploaded on PLL website. The tender received only one bid, submitted by TotalEnergies Gas & Power, which offered the cargo at USD 21.88 per MMBt