The government’s decision to apply a Rs 55 per litre price jump to current fuel reserves has triggered allegations of enabling oil marketing companies (OMCs) to make Rs 113 billion windfall profits in inventory gains, though industry representatives and government advisors argue that the pricing model—based on international Platts averages—requires them to replenish sold stock with much more expen
The Implementation Committee on Diamer-Bhasha and Mohmand Dams (ICDBMD) met on Tuesday to discuss matters of land acquisition and resettlement for Diamer Bhasha Dam Project. The ICDBMD was constituted by the Honourable Supreme Court of Pakistan in July 2018 for early commencement and timely completion of Diamer Bhasha and Mohmand Dams. Since then, the Committee holds its meetings with regula
Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, has said that the government is set to introduce Amazon like digital portal for Small and Medium Enterprises (SMEs) to connect Pakistan’s SMEs with global buyers. He said this here on Tuesday while chairing a high-level meeting to review initiatives aimed at strengthening Pakistan’s SME sector through digi
Workers’ remittances to Pakistan recorded a notable increase of 10.5 percent during the first eight months of the current fiscal year (FY26). According to the State Bank of Pakistan (SBP), cumulatively, the country received home remittances amounting to USD 26.5 billion during July-February of FY26, compared with USD 24 billion in the corresponding period of FY25, reflecting an increase of USD
A day after witnessing intense selling pressure, buying interest returned at the Pakistan Stock Exchange (PSX) as US President Donald Trump predicted the war in the Middle East could end soon. The benchmark KSE-100 Index gained nearly 8% during the opening hours of trading on Tuesday. At 9:22am, the benchmark index was hovering at 155,783.89, up 9,303.75 points, or 6.35%. Following the incre