The government has set an ambitious target of making all government-to-person (G2P) payments fully digital and eliminating the use of physical cheques as part of its drive towards a cashless economy, Minister of State for Finance Bilal Azhar Kayani said. This he stated at the launch of Z-Wallet, a new initiative through which Zong has partnered with Zindigi, powered by JS Bank, to bring regulat
Ghandhara Industries Limited (PSX: GIL) has entered into a strategic partnership with UD Trucks Corporation to market and distribute completely built-up (CBU) units of UD Trucks in Pakistan, according to a material information notice submitted to the Pakistan Stock Exchange (PSX) on Monday. The company said it has formally signed a collaboration agreement with UD Trucks covering the import and
Power generation in Pakistan reached 15,112 GWh in July 2026, up 7% YoY from July 2025. Back in July 2025, power generation stood at 14,123 GWh. The generation is the “second-highest for any July month, amid the highest-ever hydel, local coal and imported coal generation,” said Arif Habib Limited (AHL) in a note on Tuesday. On a monthly basis, power generation improved by 13% from 13,431 GWh
Gold rose for a third straight session on Tuesday as fears of a US interest rate hike next month eased, with investors awaiting minutes from the Federal Reserve’s latest meeting for fresh clues on the monetary policy path. Spot gold was up 0.2% at $4,424.28 per ounce by 0130 GMT, while US gold futures for December delivery edged 0.2% higher to $4,480.90. The US dollar lingered around mul
Oil prices rose on Tuesday as prospects receded for a deal to end the Middle East war, with Iran saying it would adopt a more offensive stance and the United States ruling out extension of a ceasefire deal, heightening worries about energy supply. Iran will shift to a “fully offensive”military postureas efforts have stalled towards a permanent end to the war, a senior Iranian official told Reut