ISLAMABAD: Pakistan on Thursday rejected the two lowest offers for emergency liquefied natural gas cargoes, spurning bids priced at $17.28 per million British thermal units from BP Singapore and $16.98 from TotalEnergies SE for deliveries later this month.
top-economy
Pakistan plans expanded foreclosure powers for banks after 90-day default notice
ISLAMABAD: The government has decided in principle to grant commercial banks expanded powers to seize and sell mortgaged homes after a cumulative 90-day notice period in the event of default, part of a broader effort to revive lending to the country’s chronically underdeveloped housing sector.
Stocks surge 4.2 percent as Trump signals Iran deal progress, oil tumbles
KARACHI: Pakistani equities posted their strongest one-day gain in months on Wednesday after US President Donald Trump said he was pausing a military escort operation in the Strait of Hormuz to pursue a deal with Iran, easing fears of prolonged disruption to global oil flows.
Pakistan’s financial system proved resilient in 2025, SBP says, even as Iran war clouds outlook
KARACHI: Pakistan’s financial system remained stable and resilient throughout 2025, the State Bank of Pakistan said on Tuesday, citing stronger capital buffers, easing inflation and improved macroeconomic conditions even as the central bank warned that the war in Iran could pose fresh risks to financial stability.
Pakistan fuel reserves sufficient until mid-June amid Hormuz disruptions, Dar says
ISLAMABAD: Pakistan holds enough petroleum, oil and lubricants to meet domestic demand through the third week of June, the office of Deputy Prime Minister Ishaq Dar said on Monday, as supply chain strains from tensions in the Strait of Hormuz continue to weigh on the import-dependent South Asian economy.
ADB launches $70 billion push to link Asia’s power grids and digital networks, eyes cross-border trade boost
ISLAMABAD: The Asian Development Bank announced a $70 billion initiative on Sunday to accelerate cross-border electricity trade and digital connectivity across Asia and the Pacific, deploying artificial intelligence to integrate power systems and potentially help resolve chronic shortages in countries such as Pakistan that sit on surplus generation capacity.
PM Sharif orders tariff stabilization, theft crackdown in power overhaul
Prime Minister Shehbaz Sharif directed authorities on Saturday to draw up a comprehensive strategy to stabilize electricity tariffs and deliver relief to both industrial and domestic users, as his government presses ahead with long-stalled reforms in Pakistan’s troubled power sector.
Inflation accelerates to 10.9 percent in April, overshooting finance ministry forecast
ISLAMABAD: Pakistan’s headline inflation quickened to 10.9% year-on-year in April, the Pakistan Bureau of Statistics reported on Friday, topping the government’s projection and highlighting the stubborn price pressures that prompted the central bank to raise interest rates for the first time in three years.
Pakistan flags external risks from Middle East conflict as inflation outlook ticks higher
ISLAMABAD: The finance ministry said on Thursday that the country’s external sector faces fresh risks from global uncertainties and supply disruptions tied to the Middle East conflict, even as a healthy primary fiscal balance and three straight months of current-account surpluses underpin domestic stability.
Competition regulator approves complete sale of loss-making PIA to Arif Habib-Led Consortium
ISLAMABAD: The Competition Commission of Pakistan has approved the acquisition of the remaining 25% stake in Pakistan International Airlines by a consortium led by Arif Habib Corp., completing the full privatization of the national carrier and handing control to private investors less than four months after they bought a 75% holding.