LAHORE: Pakistan’s liquefied petroleum gas industry escalated a monthslong dispute with federal regulators this weekend, with importers warning of an imminent nationwide shortage and more than 1,000 industry representatives threatening to shut down operations entirely if their demands are not met within three days.
top-economy
Gwadar Port completes first commercial ship refuelling, adding to cargo business
KARACHI: Gwadar Port, the Chinese-backed deep-water facility on Pakistan’s southwestern coast, carried out its first commercial ship refuelling operation this week, a step toward the kind of marine-services business that port operators use to draw revenue beyond cargo handling.
US, Pakistan push toward trade deal as temporary tariff set to lapse
ISLAMABAD: Pakistan and the United States made significant progress toward a reciprocal trade agreement during two days of talks in Washington, according to Pakistan’s foreign ministry, as officials from both countries work to lock in a durable framework before a temporary tariff measure lapses later this month.
Pakistan raises petrol, diesel prices as Mideast war pushes up oil costs
ISLAMABAD: Pakistan raised petrol and diesel prices on Friday, reversing a brief reprieve from the previous week, as renewed fighting between the United States and Iran pushed global crude prices toward their sharpest weekly gain in months.
World Bank approves $375.9 mln for Pakistan power grid upgrade
ISLAMABAD: The World Bank has approved $375.9 million in financing to help Pakistan modernise its national power transmission network, the lender said on Friday, the first tranche of a decade-long programme aimed at easing chronic outages and expanding the use of clean energy.
ADB holds Pakistan growth forecast at 3.7 percent as Mideast conflict clouds Asia autlook
KARACHI: The Asian Development Bank cut its growth forecast for developing Asia and the Pacific, citing deeper-than-expected damage from Middle East energy disruptions, even as it left Pakistan’s outlook unchanged for a second straight quarter.
Remittances fully offset widening trade gap as Pakistan inflows hit record $41.6bln in fiscal 2026
KARACHI: Remittances from Pakistan’s overseas workers rose 9% to a record $41.6 billion in the fiscal year through June, absorbing a sharply wider trade deficit and giving the central bank room to consider easing policy even as analysts warn that unrest in the Middle East could crimp the flows that have become the linchpin of the country’s external accounts.
Pakistan set to miss growth goal again, IMF says, as Mideast war clouds outlook
KARACHI: Pakistan’s economy will expand 3.5% in the fiscal year starting July 2026, the International Monetary Fund said, falling half a percentage point short of the government’s own 4% target and underscoring the drag that elevated energy costs and global trade disruption continue to exert on the South Asian nation.
Pakistan eyes first dollar-settled, rupee-linked bonds
KARACHI: Pakistan has requested proposals from advisers to arrange its first dollar-settled, rupee-linked bonds, adding a new instrument to a slate of planned Eurobond and Sukuk sales as the government works to widen its pool of foreign investors and push out the maturity schedule of its external debt.
Public debt tops Rs82 trillion as domestic borrowing surges
KARACHI: Pakistan’s total public debt climbed to Rs81.949 trillion by the end of May, according to central bank data released on Monday, as the government leaned harder on domestic banks to plug a widening gap between tax revenue and spending.