Remittances Rise 9.21% to $38.1 Billion in 11 Months
Workers' remittances to Pakistan increased by 9.21% to $38.1 billion in July-May FY2025-26, with May inflows up 15.35% year-on-year to $4.251 billion.
Category : Business
PSX Declines 903 Points as Bearish Trend Returns
The KSE 100-index fell 903 points to close at 169,427, with market cap dropping to Rs18.848 trillion. TPL Properties led volumes.
DPC Doubles Deposit Coverage to PKR 1 Million per Depositor
The Deposit Protection Corporation releases its fifth annual report, doubling deposit coverage to PKR 1 million per depositor per bank and surpassing PKR 200 billion in its protection fund.
Pakistan Loses 50 Million Acre-Feet Water Yearly via Poor Irrigation
Experts at a policy dialogue in Faisalabad warned that Pakistan loses 50 million acre-feet of water yearly due to inefficient irrigation, urging farm-level interventions and climate-smart practices.
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Pakistan Approves Buffalo Embryo Export to China
Pakistan has formally approved the export of buffalo embryos, ova, and frozen semen to China, aiming to meet China's growing demand for high-quality buffalo milk.
Pakistan Launches Olive Oil Sensory Training with Italian Support
Pakistan begins five-day olive oil sensory evaluation training at NARC, Islamabad, aiming to establish its first tasting panel and boost quality standards with Italian collaboration.
MEPCO Muzaffargarh Intensifies Anti-Theft Drive and Service Improvement
MEPCO Muzaffargarh held a meeting to address meter issues, electricity theft, and line losses, emphasizing strict action and improved services.
Customs Clearance at Gabd-Rimdan Border Fully Functional
Pakistan Customs confirms uninterrupted clearance at Gabd-Rimdan, with over 17,000 metric tons of LPG processed in early June 2026, ensuring smooth supply of essential commodities.
Pakistan's Wild Trout Crisis: Governance and Conservation Needed
Pakistan's wild trout population has declined by 50% due to climate change, pollution, overfishing, and weak enforcement. Community-based protection models are urgently needed.
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Punjab's 'She Threads' boosts women's textile skills
The Punjab government's 'She Threads' initiative provides textile skills training to rural women, with a Rs310 million budget, stipends, and job placements, empowering over 2,500 women.
PM Shehbaz lauds record $4.3bn remittances in May 2026
Prime Minister Shehbaz Sharif praised overseas Pakistanis for sending a record $4.3 billion in remittances during May 2026, marking a 20.2% monthly increase.
EU-Pakistan Relations: GSP+, Trade, and Kaja Kallas Visit
The EU is a key economic partner for Pakistan, with GSP+ trade benefits. Kaja Kallas's 2026 visit highlights opportunities and responsibilities.
Court Indicts 21 in Bahria Town Murree Golf City Case
An accountability court indicted 21 accused in the New Murree Golf City corruption reference involving Bahria Town, causing Rs152 billion loss. Hearing adjourned to June 15.
PM Shehbaz orders wheat supply to K-P via PASSCO
Prime Minister Shehbaz Sharif has directed the Ministry of Food Security to supply wheat to Khyber-Pakhtunkhwa through PASSCO to protect residents from inflation.
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Pakistan Remittances Hit Record $4.3 Billion in May 2026
Workers' remittances surged to an all-time monthly high of $4.3 billion in May 2026, driven by Eid inflows and strong contributions from the Gulf region.
Pakistan Seeks Spot LNG Cargoes Amid Hormuz Closure
Pakistan seeks two LNG cargoes from spot market for June 2026 after Qatar supplies choked due to Strait of Hormuz closure amid US-Iran war.
Pakistan Budget 2026: Overseas Pakistanis Deserve More
As Pakistan's budget approaches, overseas Pakistanis sent $38 billion in remittances, far surpassing export sectors. It's time the budget prioritizes them over corporate lobbies.
Asian Equities See Surge in Foreign Outflows in June
Foreign investors withdrew a net $27.08 billion from Asian stocks in June, exceeding May's outflows, as Middle East tensions and tech sector pullback spook markets.
Pakistan's First Deep Conversion Refinery Project Discussed
Federal Minister for Commerce Jam Kamal Khan met SPEC Refinery delegation to discuss Pakistan's first deep conversion greenfield refinery in Hub, Balochistan, aiming to boost energy security and create 2,000 jobs.
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PSX ends volatile session down 903 points amid tensions
The Pakistan Stock Exchange experienced high volatility on Wednesday, with the KSE-100 index shedding 903 points to close at 169,427.44 amid geopolitical tensions and global market uncertainty.
Spinwam Gas Bidding Compliance Questioned by Stakeholders
Stakeholders challenge petroleum company's bidding for Spinwam Gas Field, citing violations of CCI decision and OGRA licensing requirements. Formal complaint lodged.
2,500 Rural Women Trained in Textile Skills Programme
Pakistan's 'She Threads' programme trains over 2,500 rural women in textile skills, with 773 employed and plans to train 1,350 more in the next phase.
Punjab govt seeks vacant property details from 12 bodies
The Punjab government has directed 12 institutions, including nine development authorities, to provide details of vacant, unused, and underutilised state properties to help achieve a Rs500 billion revenue target.
Murree Cable Car, Safari Train Shut for 3 Months
Patriata Cable Car and Kashmir Point Safari Train in Murree have been closed for three months, leaving tourists disappointed. Negligence and poor maintenance by PTDC are blamed.
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Motorcyclist performs dangerous one-wheeling with girl on front
A viral video shows a motorcyclist performing one-wheeling with a girl on the front mudguard in a private housing society in Islamabad. Police have identified the rider but he is not in the city.
Larkana Farmland Withers as Three Major Canals Decay
Tens of thousands of acres in Larkana division remain uncultivated due to deteriorating canals from Sukkur Barrage, threatening agriculture and livelihoods. Experts urge urgent rehabilitation.
Luxury Sector Seeks Revival Through Quality and Exclusivity
The luxury market faces a slowdown as brands balance exclusivity with sales, cutting portfolios and refocusing on craftsmanship and client experiences.
CPEC 2.0 to Boost Pakistan-China Joint Ventures in Agriculture
CPEC 2.0 is set to create new joint venture opportunities in agriculture, industry, and mining, says Adeel Munawar. CPEC has attracted $25.9 billion in investment and created over 260,000 jobs.
PSX drops 903 points in volatile session
The Pakistan Stock Exchange experienced a volatile session, with the KSE-100 Index falling 903 points to close at 169,427 amid fluctuating investor sentiment.
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Climate Change and Overfishing Threaten Trout in Gilgit-Baltistan
Trout population in Gilgit-Baltistan has declined by 50% due to climate change, overfishing, and habitat loss. Conservation efforts and trout farming are rising.
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