Finance Minister Urges Banks to Boost Cybersecurity
Finance Minister Aurangzeb chairs meeting with banks, emphasizes coordinated efforts to strengthen cyber defenses amid rising AI-driven threats to Pakistan's financial sector.
Category : Business
Hotel One Opens New Property in Gujranwala
Hotel One has launched its new property in Gujranwala, featuring 24 rooms and modern amenities, reinforcing its commitment to affordable hospitality across Pakistan.
Electricity Tariff Stabilisation: A Cautious Step
PM's directive to stabilise electricity tariffs addresses unsustainable pricing. Benefits include predictable household costs and industrial investment, but strategy must avoid temporary fixes.
Caught in the Middle: Pakistan's Middle Class Struggle
Pakistan's middle class faces economic hardship due to inflation, stagnant wages, and rising costs, leading to a decline in living standards.
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Drug Convicts Get 9-Year Sentences from CNSA Court
A CNSA court sentenced two drug convicts to 9 years imprisonment and fined them Rs. 100,000 each for narcotics possession under the CNSA Act.
Experts Urge Stronger Academia-Industry Ties in Pakistan
Speakers at a conference in Islamabad emphasized the need for stronger academia-industry linkages to boost innovation and economic growth in Pakistan.
Potohar Farmers Urged to Cultivate Ginger for Profit
Agriculture experts advise Potohar region farmers to grow ginger, citing high demand and profitability, with potential to reduce import dependency.
Secretary Works Inspects Sehwan Development Projects
Secretary Works visited Sehwan to review ongoing development projects, emphasizing quality and timely completion for public benefit.
Pakistan Inflation Hits 10.9% in April on Oil Price Hike
Pakistan's inflation rose to 10.9% in April 2026 from 7.3% in March, driven by higher oil prices. Food, utilities, and transport costs surged, exceeding government targets.
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Taxes on petrol rise by Rs46.43 per litre amid crisis
Taxes, duties, and margins on petrol in Pakistan increased from Rs107.12 to Rs153.55 per litre following the US-Israel-Iran conflict, burdening consumers despite regional tensions.
Oil Rallies, Stocks Mixed on Iran War Uncertainty
World shares mixed as oil surges over 3% on Iran war uncertainty. Markets react to Fed meeting, UAE leaving OPEC, and stalled US-Iran talks.
France's Roadmap to Exit Fossil Fuels by 2050
France has released a comprehensive 14-page roadmap to phase out fossil fuels by 2050, setting targets for transport, buildings, and electricity.
Ten Degrees Cafe Alkhobar: Iced Coffee and Calm Retreat
Ten Degrees Cafe in Alkhobar offers a calm, spacious setting and affordable iced coffee under SR10. Desserts are overly sweet, but service is friendly.
Strait of Hormuz Crisis Disrupts Global Sugar Supplies
The closure of the Strait of Hormuz is disrupting global sugar supplies, with Brazilian mills diverting cane to ethanol as oil prices surge, tightening supply and threatening demand in the Middle East.
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60,000 Trees Planted in Makkah Holy Sites for Environment
More than 60,000 trees have been planted across Makkah's holy sites, tripling green spaces and enhancing sustainability for pilgrims under Saudi Vision 2030.
Wafi Energy Pakistan Profit Surges 148%
Wafi Energy Pakistan, part of Saudi group, posts 148% rise in quarterly profit to Rs2.16 billion, driven by network expansion and lubricants growth.
Pakistan: 4,700 MW Power Hit by LNG Shortage Amid Iran War
Pakistan says LNG shortages from the Iran conflict have knocked out 4,700 MW of power generation, but hydropower and local gas helped avoid peak-time outages.
Oil Prices Drop After Four-Year High on US-Iran Tensions
Global oil prices fell after reaching a four-year high above $126 a barrel amid concerns that US-Iran escalation could disrupt Middle East oil supply and hurt economic growth.
Pakistan Exports First Consignment to Kyrgyzstan via Land
Pakistan has dispatched its first export consignment from Karachi's EPZA to Kyrgyzstan via a land route, aiming to boost regional trade ties.
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Bahri Profit Jumps 303% in Q1 2026 on Higher Tanker Rates
Saudi shipping firm Bahri posted a 303% profit rise in Q1 2026, driven by higher tanker rates and Gulf route disruptions. Revenue surged 129% to SR4.96 billion.
Saudi Economy Grows 2.8% in Q1, Non-Oil Sector Leads
Saudi Arabia's real GDP expanded 2.8% in Q1 2026, led by non-oil activities. IMF forecasts 3.1% growth for 2026 as diversification progresses.
Pakistan Launches $1.15B Housing Push to Spur Growth
Pakistan unveils a multi-trillion-rupee housing scheme to build 500,000 homes over four years, aiming to boost jobs and economic growth amid a fragile recovery.
Saudi Arabia, France Discuss Mining Partnership
Saudi Minister Bandar Alkhorayef met France's Benjamin Gallezot to strengthen mining cooperation, focusing on exploration, investment, localization, and sustainability.
Geopolitical Risk to Lift Gold Prices: WGC
World Gold Council says geopolitical risk premium will continue lifting gold prices. Bar and coin demand up 42% in Q1 2026, while jewelry demand weakens.
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PTCL CEO Denies Etisalat Exit from Pakistan Telecom
PTCL CEO Hatem Bamatraf refutes media reports that Etisalat is considering exiting Pakistan, stating no discussions have occurred.
Qatar Real Estate Weekly Trading Volume Falls 5.7% to $120.5M
Qatar's real estate trading volume dropped 5.7% week-on-week to $120.5M, but Q1 2026 sales surged 28.5% year-on-year, signaling sustained investor confidence amid economic diversification.
Egypt Buys 730,000 Tons of Wheat from Local Farmers
Egypt has collected over 729,000 metric tons of locally grown wheat since the domestic procurement season began two weeks ago, official data shows.
PIF to End LIV Golf Funding After 2026 Season
Saudi Arabia's Public Investment Fund announces it will stop funding LIV Golf after the 2026 season, citing strategic realignment and macroeconomic conditions.
Palestinian Unemployment Soars in Gaza, West Bank Amid Israeli Attacks
Unemployment in Gaza hit 68% as Israel's war destroyed 92% of buildings. West Bank joblessness rose to 28% due to permit restrictions.
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GCC States Enhance Economic Integration Efforts
GCC states, including Kuwait, are intensifying efforts to boost economic integration and trade cooperation, with GDP reaching $2.4 trillion in 2025.
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