News
Eating less to keep lights on
4+ hour, 5+ min ago (527+ words) Red alert: Households are cutting meals to pay electricity bills. In the past decade, food's share of household spending has dropped from 43 percent to 37 percent, while utilities have climbed from 15 percent to 25 percent. The plate has shrunk so the meter…...
Pakistan plans to introduce new income-based slabs for electricity, gas bills
1+ week, 2+ day ago (228+ words) ISLAMABAD " The federal government has initiated preparations for a major reform in the country's electricity and gas tariff system. Under the new model, a slab system will be introduced based on household income rather than usage. This change aims to…...
Economic Partnership Agreement nears signing: UAE Ambassador
2+ week, 5+ day ago (280+ words) Ambassador of the United Arab Emirates Hammad Obaid Ibrahim Salem Al-Zaabi said that Pakistan and the UAE are at the final stage of signing a Comprehensive Economic Partnership Agreement (CEPA). Speaking at the Lahore Chamber of Commerce & Industry on Tuesday,…...
Pakistan Banks hit stability alert as Moody’s pulls positive outlook
2+ week, 6+ day ago (276+ words) ISLAMABAD " Investors and economists Moody's Ratings downgraded Pakistan's banking system outlook from positive to stable amid fragile conditions. The agency pointed out that the banking environment is improving but slowly as economic and fiscal conditions strengthen and external accounts recover....
Gold crashes $3.4 trillion in Single-Day Market Chaos; here’s what happened
1+ mon, 3+ day ago (237+ words) LONDON " Gold attracted investors from across the globe as price touched historic highs near $5,600 per ounce. But that rally came to a sudden halt, as bullion witnessed sharpest one-day crash in years, coming down over 8% and wiping out nearly $3.4 trillion…...
LCCI not happy over SBP’s decision to keep policy rate at 10.5%
1+ mon, 6+ day ago (380+ words) The Lahore Chamber of Commerce and Industry has expressed concerns over the State Bank of Pakistan's decision to maintain the policy rate at 10.5 per cent. The move has disappointed the business community and weakened investor confidence at a critical stage…...
Pakistan’s power sector circular debt jumps by Rs233 billion in five months
1+ mon, 6+ day ago (232+ words) ISLAMABAD " The circular debt of Pakistan's power sector has surged to Rs1.837 trillion after witnessing an increase of Rs223 billion during the first five months (July-November) of the current fiscal year 2025-26. It appears that the government's efforts to tackle the debt, including…...
Pakistan announces First Policy Rate of 2026 next week; Here’s what to expect
1+ mon, 1+ week ago (310+ words) KARACHI " Pakistan may be on verge of dramatic monetary shift as State Bank of Pakistan (SBP) is widely expected to cut its key policy rate by 50 basis points at its Monetary Policy Committee meeting on January 26. A poll by wire…...
Behbood Savings Certificates new profit rate for Pakistani investors in 2026
1+ mon, 1+ week ago (327+ words) ISLAMABAD " The Central Directorate of National Savings has announced revised profit rate for Behbood Savings Certificates, taking effect from January 2026. The federal government launched the Behbood Certificates in 2003 keeping in view the difficulties faced by widows and the elderly as…...
Competition Policy Key to Industrial Growth: Economic Experts
1+ mon, 1+ week ago (219+ words) Economic policy experts have emphasized that competition policy is essential for industrial growth and economic transformation and must be treated as a central pillar of industrial growth strategy. These views were highlighted by Dr Nadeem Javed, Vice Chancellor of the…...