SBP Data Reveals Conventional Banking Credit Retreat as Islamic Finance Surges
State Bank of Pakistan reports a net retirement of Rs32.8 billion in private sector credit by conventional banks, while Shariah-compliant lending sees a massive spike.
Pakistan Power Sector Prepares for Summer Load-Shedding and Tariff Hikes Amid Global Energy Crisis
Pakistan faces a challenging summer as the Power Division develops a hybrid strategy of load-shedding, mandatory conservation, and fuel price adjustments due to the Middle East conflict.
Karachi Ports Face Unprecedented Container Surge as Global Shipping Lines Reroute to Pakistan
Pakistan’s maritime sector sees a 1,400% spike in transshipment as global carriers bypass the Strait of Hormuz, turning Karachi and Gwadar into strategic regional hubs.
Pakistan Achieves Historic Economic Stability as Bloomberg Ranks it World Second Top Emerging Economy
Finance Minister Muhammad Aurangzeb outlines Pakistan’s transition to an export-led growth model following a historic 2.4% GDP primary surplus and $20 billion reserve milestone.
Iran Grants Pakistan Strategic Maritime Passage as Islamabad Mediates Global Fuel Crisis
Deputy PM Ishaq Dar announces Iran’s decision to allow 20 Pakistani-flagged ships through the Strait of Hormuz, marking a major breakthrough in regional diplomacy and energy security.
Pakistan Economic Outlook Faces Major Strain as Global Energy Crisis Triggers Billions in Import Costs
Pakistan’s import bill is projected to surge by up to $9 billion as Middle East tensions push global crude prices to $145 per barrel, forcing the government to evaluate digital subsidies.
Prime Minister Shehbaz Sharif Rejects Petrol Price Hike to Provide Public Relief
The federal government has decided to keep petrol and high-speed diesel prices unchanged, absorbing a financial impact of 56 billion rupees to shield consumers.
Pakistan Bypasses Afghan Trade Route Easing Export Rules via Iran Land Corridor
Pakistan’s Commerce Ministry has temporarily suspended mandatory financial instrument requirements for exports to Iran and Central Asia to counter Afghan border closures.
Pakistan and Oman Strengthen Energy Ties Amid Evolving Regional Dynamics
Federal Minister for Petroleum Ali Pervaiz Malik and Oman Ambassador discuss diversifying energy imports and alternative supply routes beyond the Strait of Hormuz.
Sindh Government Announces One Million Metric Ton Wheat Procurement Drive at Fixed Support Price
The Sindh government will begin procuring 1 million metric tons of wheat on April 1 at Rs3,500 per 40kg, utilizing the Hari Card system for transparent payments to farmers.