Pakistan reels with a sharp hike in flour prices amidst growing inflation, with the cost of a 20-kilogram flour bag surging by up to Rs. 217 in just one week. A recent report from the Pakistan Bureau of Statistics (PBS) reveals significant price hikes in multiple cities, with Karachi and Islamabad residents bearing the brunt...
The International Monetary Fund (IMF) raised concerns about Pakistan’s beneficial ownership system on August 16, 2025, citing inadequate data sharing among institutions and weak measures to combat money laundering. The critique, part of the IMF’s governance and corruption diagnostic assessment, underscores gaps in Pakistan’s efforts to curb financial crimes and calls for urgent reforms. The...
Federal Minister for Planning and Development Ahsan Iqbal declared that Pakistanis pay among the world’s lowest taxes, emphasizing that robust tax revenues, exports, and foreign investment form the backbone of a strong economy. Speaking at a ceremony in Karachi, he outlined Pakistan’s journey from near economic collapse to emerging stability while identifying ongoing challenges. Iqbal...
Prime Minister Shehbaz Sharif made history by inaugurating a Special Economic Zone (SEZ) in Islamabad today, developed by the Chinese textile giant Challenge Fashion Private Limited. This milestone event underscores the strengthening Pakistan-China economic partnership and aims to elevate Pakistan’s textile industry with a projected $400 million in exports. A $100 Million Investment Challenge Fashion...
Pakistanis may face higher fuel costs starting August 16, 2025, as the Oil and Gas Regulatory Authority (OGRA) prepares to submit a pricing summary to the federal government on August 15. Industry calculations suggest a Rs 1.32 per liter increase in petrol prices, pushing the rate from Rs 264.61 to Rs 265.93. Meanwhile, high-speed diesel...
Pakistan has revitalized its energy sector by restarting the Jamshoro Joint Venture Limited (JJVL) plant, a $250 million facility idle since 2020. Located in Deh Shah Bukhari, the plant leverages advanced U.S. technology to produce liquefied petroleum gas (LPG) and natural gas liquids (NGL), supplying gas to nearly 700,000 households. On July 17, 2025, Pakistan...
Pakistan’s federal government launched a bold initiative to privatize 24 state-owned enterprises (SOEs) in three phases, aiming to ease the financial strain on the national treasury. Federal Minister for Privatization Abdul Aleem Khan detailed the plan in the National Assembly on August 6, 2025, outlining a roadmap to transform the country’s economic landscape by offloading...
Pakistan’s meat export sector achieved a groundbreaking milestone as The Organic Meat Company (TOMCL) secured approval to directly supply meat to all Carrefour Supermarkets in the United Arab Emirates. Announced on August 7, 2025, this milestone, reported to the Pakistan Stock Exchange, strengthens Pakistan’s position in global food exports. TOMCL secured the contract with Majid...
On August 6, 2025, Transparency International Pakistan raised an urgent alarm over the soaring prices of medicines, exposing a troubling lack of transparency and weak enforcement of pharmaceutical policies. In a strongly worded letter to Federal Minister for National Health Services Syed Mustafa Kamal, the organization highlighted a staggering 3,000% to 4,000% price disparity for...
The Pakistan Stock Exchange (PSX) achieved a groundbreaking feat, smashing through the 145,000-point barrier for the first time in its history. The benchmark KSE-100 Index surged by 2,078 points, closing at an all-time high of 145,100. Just two days ago, on August 4, the KSE-100 Index crossed 142,000 points, driven by a landmark trade agreement...