Pakistan is preparing to overhaul the way its petroleum market operates by gradually moving away from government-controlled fuel pricing, with plans to introduce greater market transparency through digitalization of the fuel supply chain and the possible publication of daily international benchmark prices. Petroleum Minister Ali Pervaiz Malik shared the government's roadmap while briefing the N
Federal Finance Minister Muhammad Aurangzeb visited the headquarters of the Securities and Exchange Commission of Pakistan (SECP), where he chaired a high-level meeting to review matters related to the corporate and financial sectors. During the meeting, SECP Chairman Dr. Kabir Ahmed Sidhu gave a detailed briefing to the Finance Minister. The SECP commissioners also attended the meeting. The
The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Tuesday. At close, the local currency settled at 278.10, a gain of Re0.01 against the greenback. On Monday, the rupee closed at 278.11 against the dollar. Meanwhile, in the broader market, the dollar was on shaky ground as investors continued to pare back expectations of U.S. rate hikes this year foll
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb said on Tuesday that the current account performance remains strong due to record remittance flows. “We do expect our overall remittances for this year to close anywhere between $41 and $42 billion.” Addressing the second edition of Pakistan Banking Summit 2026 at a local hotel here, he said that the last fiscal year was clo
Treet Corporation Ltd is expanding its footprint in Pakistan’s automotive industry after the Competition Commission of Pakistan (CCP) approved the company’s acquisition of additional shareholding in auto parts manufacturer Loads Ltd through a rights issue. Documents available with the Business Recorder show that the Commission has authorized Treet’s subscription of additional ordinary shares in