The Government of Pakistan has designated Shahzad Iqbal, currently serving as Member (Gas), as Vice-Chairman of the Oil and Gas Regulatory Authority (OGRA), effective February 23, 2026, in a development carrying notable implications for Pakistan’s energy regulatory framework.

The National Assembly of Pakistan has passed the Virtual Assets Bill, 2026, formally initiating the establishment of a comprehensive regulatory framework for digital currencies and associated services within Pakistan.

Wilmar International Ltd. has reported a loss of $150 million in connection with its investment in Unity Foods Ltd., attributing the impairment to emerging financial uncertainties at the associated Pakistani entity, as reported by Bloomberg.

The National Highway Authority (NHA) has expended Rs124.31 billion—approximately 56 percent—of its Rs223.28 billion allocation under the Public Sector Development Programme (PSDP) for FY2025-26 during the first half of the ongoing fiscal year.

K-Electric has formally sought Rs47.1 billion in Tariff Differential Subsidy (TDS) for FY2026–27 and has additionally pressed for the immediate disbursement of over Rs100 billion in outstanding subsidy receivables, as reported by Business Recorder citing official sources.

The Appellate Tribunal Inland Revenue (ATIR) has nullified a refund rejection issued by the Corporate Tax Office Islamabad (CTO), ruling that tax authorities exceeded their statutory mandate in denying a foreign company’s refund claim, as reported by Business Recorder.