K-Electric has appointed Shaheryar Chishty as Chairman of its Board of Directors following a board meeting convened on April 15, 2026.
The appointment follows the election of directors at the company’s Extraordinary General Meeting held on April 2, 2026. As per a formal notification Read More...
Pakistan’s banking sector has recorded a 20.1% year-on-year increase in deposits, reaching Rs36.586 trillion in February, as per data published by the State Bank of Pakistan. On a month-on-month basis, however, deposits registered a marginal decline of 0.2%.
Total bank advances stood at Read More...
The State Bank of Pakistan has authorised banking institutions to open accounts for licensed virtual asset service providers (VASPs), effectively superseding the regulatory restrictions imposed in 2018. This development, formalised through a central bank circular and supported by the virtual Read More...
Federal Minister for Finance and Revenue Muhammad Aurangzeb held a bilateral meeting with Jorge Familiar Calderón, Vice President of the World Bank, on the sidelines of the World Bank–IMF Spring Meetings 2026. The engagement focused on Pakistan’s financing strategy and the need for enhanced Read More...
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Pakistan State Oil Company Limited (PSO) has formally appointed Jawwad Ahmed Cheema as its Chief Executive Officer for a tenure of three years, effective May 18, 2026, succeeding interim CEO Abdus Sami.
As disclosed in a filing submitted to the Pakistan Stock Exchange, the appointment was Read More...
The Government of Pakistan has placed its proposed $36 billion circular debt refinancing plan for the power sector on hold following indications from key international lenders and Saudi Arabia regarding limited capacity to extend financing under the proposed concessional terms.
The Read More...
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Domestic natural gas allocations to the power sector in Pakistan are projected to increase to approximately 160–170 million cubic feet per day (mmcfd) by the end of April or early May, compared to the current supply level of 85–90 mmcfd. This adjustment forms part of government efforts to Read More...
Federal Minister for Commerce Jam Kamal Khan has directed the Pakistan Dairy Association to submit formal proposals aimed at reducing the General Sales Tax (GST) on dairy products from the existing 18% to 10%. Concurrently, Rana Ihsaan Afzal, Coordinator to the Prime Minister on Commerce, has Read More...
The Khyber Pakhtunkhwa Revenue Authority (KPRA) has reported a 21% increase in the collection of sales tax on services during the first nine months of FY2025–26, with total receipts reaching Rs34.6 billion, compared to Rs28.6 billion recorded during the corresponding period of the previous Read More...
The container vessel MV Selen, operated by National Logistics Corporation (NLC) under AP Line, has successfully berthed at Karachi Port following its voyage from Jebel Ali. This marks the first Pakistan-bound container vessel to arrive subsequent to recent disruptions affecting maritime transit Read More...
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