KARACHI: Pakistan LNG Ltd. issued a tender on Wednesday for two liquefied natural gas cargoes to be delivered to Port Qasim in Karachi later this month, the latest effort by the state-owned importer to secure spot supplies amid persistent global shipping disruptions.
Economy
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 launches Capital Market Development Fund to lift retail participation
ISLAMABAD: Pakistan’s leading capital-market institutions on Wednesday formally established the Capital Market Development Fund, a new industry-backed vehicle designed to lift financial literacy, broaden retail investor access and deepen domestic capital mobilization as the country seeks greater economic independence amid regional tensions.
Pakistan power users poised for rare bill relief as capacity charges drop
ISLAMABADL: Electricity consumers across Pakistan are set to receive an unusual rebate of about 1.75 rupees per unit on their bills for the next three months as regulators prepare to pass through 63.94 billion rupees in savings from lower capacity payments to power producers.
Pakistan’s trade deficit hits $4.07 billion in April, widest in 46 months as imports surge
ISLAMABAD: Pakistan’s trade deficit climbed to $4.07 billion in April, the widest in 46 months, as a surge in imports more than offset a modest recovery in exports, according to data from the Pakistan Bureau of Statistics released on Tuesday.
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.
PM Sharif orders swift launch of virtual-asset regulator to lift digital economy
LAHORE: Prime Minister Shehbaz Sharif directed authorities on Friday to move as quickly as possible to make a new regulatory system for virtual assets fully operational, saying the framework must meet international standards to help expand Pakistan’s digital economy and bolster investor confidence.