IMF Sets 11 New Structural Benchmarks for Pakistan under EFF and RSF Programs
Pakistan has been assigned 11 new structural benchmarks by the IMF under the Extended Fund Facility and Resilience and Sustainability Facility, focusing on fiscal reforms, governance, financial stability, and energy and trade sector improvements.
PPL completes successful workover at Adam West X-1 ST well in Hala Block
Pakistan Petroleum Limited executes a major workover operation at Adam West X-1 ST well, restoring gas production to 8.5 MMscfd, reinforcing its commitment to Pakistan’s energy security and economic growth.
HUBCO 1QFY26 Profit Falls 35% Amid Revenue Decline, Interim Dividend Declared
Pakistan’s largest independent power producer, HUBCO, reports a 35% drop in quarterly profit to Rs13.28 billion in 1QFY26, driven by lower revenues and rising operational pressures. The company declares an interim cash dividend of Rs5 per share.
Govt to Open Power Market in 2026, Allowing Consumers to Choose Electricity Providers
The government plans to liberalize the electricity market in 2026, enabling consumers to choose their power suppliers and fostering competition in Pakistan’s energy sector.
Sindh Chief Minister Courts Saudi Investors for Strategic Energy and Agriculture Partnerships
Sindh Chief Minister Murad Ali Shah has invited Saudi companies to invest in energy, agriculture, infrastructure, and logistics sectors, highlighting strategic opportunities aligned with Saudi Vision 2030 and Pakistan’s economic growth priorities.
Pakistan Moves to Tackle PKR 2.3 Trillion Circular Debt with Coordinated Financial and Digital Strategy
Pakistan’s government, central bank, and power sector stakeholders are rolling out a coordinated strategy to resolve the country’s massive PKR 2.3 trillion circular debt, combining financial restructuring, digital monitoring, and redirected cash flows to revive economic stability.
ADB Flags Political Instability, Security Risks and External Shocks as Top Threats to Pakistan’s Economic Recovery
The Asian Development Bank has highlighted political uncertainty, security threats, and external shocks as serious obstacles to Pakistan’s economic recovery, urging structural reforms and stronger private sector engagement to secure sustainable growth.
World Bank Names Bolormaa Amgaabazar as New Country Director for Pakistan to Strengthen Development Partnership
The World Bank has appointed Bolormaa Amgaabazar as its new Country Director for Pakistan. With deep experience across multiple regions, she is set to deepen engagement on pressing challenges like climate change, child stunting, and energy sustainability.