SPEC Refinery Pvt Ltd is advancing plans for Pakistan’s first deep-conversion greenfield refinery at Hub, Balochistan, with an estimated investment of $4.5 billion, a move expected to strengthen energy security and spur industrial development in the country. The development was disclosed during a meeting between Federal Minister for Commerce Jam Kamal Khan and a delegation of SPEC Refinery Pvt
The inflow of overseas workers’ remittances into Pakistan stood at $4.251 billion in May 2026, the State Bank of Pakistan (SBP) data showed on Wednesday. In terms of growth, remittances increased by 20.2% on a month-on-month basis and 15.4% on a year-on-year basis. Cumulatively, workers’ remittances increased by 9.2% to $38.1 billion during Jul-May FY26, compared to $34.9 billion received du
A day after intense selling pressure, buying returned to the Pakistan Stock Exchange (PSX) on Tuesday after Iran and Israel announced a halt to attacks on each other, with the benchmark KSE-100 Index gaining over 2,000 points during the opening minutes of trading. At 9:55am, the benchmark index was hovering at 170,954.65, a gain of 2,000.95 points or 1.18%. Buying was observed in key sectors
Pakistan SADC Chamber Trade Federation (PSCTF) has urged the federal government to undertake wide-ranging structural tax reforms in the FY2026-27 budget, advocating a shift from what it termed an “extractive revenue collection model” to a growth-oriented framework focused on investment, exports, industrial expansion and job creation. In a set of budget proposals submitted to the Ministry of Fin
Industrialists, traders and agricultural experts have urged the government to adopt business-friendly policies and provide immediate relief to the industry, trade and agriculture sectors to tackle economic challenges and ensure sustainable growth. The demand was made at a pre-budget seminar organised by the Traders Wing of the Pakistan Markazi Muslim League (PMML), where participants stressed t