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News
Khurram Schehzad terms private sector the engine of growth
28+ min ago (478+ words) MG News | August 08, 2026 at 03:26 PM GMT+05:00 Advisor to the Finance Minister Khurram Schehzad made these remarks, while addressing the Future of Finance Summit 2026 organized by the Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) at the Pearl Continental…...
Pakistan, Iran eye new trade corridor to strengthen regional connectivity
2+ day, 5+ hour ago (460+ words) MG News | August 06, 2026 at 10:18 AM GMT+05:00 August 06, 2026 (MLN): Pakistan and Iran have agreed to explore new avenues for bilateral trade, joint investment, and economic cooperation, with discussions focusing on improving connectivity, expanding trade routes, and promoting investment across multiple sectors....
SE Fruits and Vegetables set for historic PSX debut
3+ day, 1+ hour ago (209+ words) MG News | August 05, 2026 at 02:24 PM GMT+05:00 August 05, 2026 (MLN): SE Fruits and Vegetable Limited is set to become Pakistan's first listed fresh fruit and vegetable exporter, marking a significant milestone for the country's agricultural sector and capital markets. Headquartered in Sargodha,…...
Gold up at $4,061 despite Middle East, inflation concerns
4+ day, 3+ hour ago (347+ words) MG News | August 04, 2026 at 12:24 PM GMT+05:00 August 04, 2026 (MLN): Gold prices moved higher, weighed by persistent uncertainty surrounding the Middle East conflict and mounting concerns over inflation, as traders positioned themselves ahead of a batch of US employment data expected to…...
Tobacco sector tax take surges to Rs357bn in FY26
1+ week, 2+ day ago (404+ words) MG News | July 29, 2026 at 04:30 PM GMT+05:00 July 29, 2026 (MLN): Pakistan’s documented tobacco industry generated Rs357bn in federal taxes during FY2025-26, marked an increase of Rs41 billion from the previous year as authorities stepped up action against illicit cigarette production and smuggling, according to Fair…...
KE industrial consumption surges to record 6bn units in FY26
2+ week, 1+ day ago (383+ words) MG News | July 24, 2026 at 09:17 AM GMT+05:00 July 24, 2026 (MLN): K-Electric's industrial feeders recorded consumption of 6.08bn units in FY26, the highest ever registered, as Pakistan's GDP growth climbed to 3.7% during the fiscal year, cementing the utility's role in sustaining Karachi's industrial base through…...
S&P upgrades Pakistann rating to 'B', assigns stable outlook
2+ week, 3+ day ago (694+ words) MG News | July 22, 2026 at 03:19 PM GMT+05:00 The ratings agency assigned a stable outlook, saying it expects ongoing reforms to support steady economic growth, continued fiscal consolidation, and the country's ability to meet its external financing needs. S&P also affirmed…...
Pakistan, Uzbekistan boost air connectivity
2+ week, 3+ day ago (364+ words) MG News | July 21, 2026 at 06:03 PM GMT+05:00 July 21, 2026 (MLN): Pakistan and Uzbekistan are set to deepen their transport links as Uzbekistan's private carrier, Centrum Air, will launch direct scheduled flights between Karachi and Tashkent from September 3, 2026. The new non-stop service will…...
Pakistan's services sector deficit clocks in at $1.9bn in FY26
3+ week, 1+ day ago (431+ words) MG News | July 17, 2026 at 12:53 PM GMT+05:00 July 17, 2026 (MLN): Pakistan's services sector recorded a cumulative trade deficit of $1.891bn in FY26, as imports of services grew at a faster clip than exports during the year, according to data released by the State Bank…...
Pakistan's FY26 trade deficit widens 22%
3+ week, 2+ day ago (382+ words) MG News | July 16, 2026 at 09:47 AM GMT+05:00 July 16, 2026 (MLN): Pakistan's trade deficit widened by 22.0% to $39.62bn in FY26 (July-June 2025-26), compared to a deficit of $32.47bn recorded during the same period of FY25 (July-June 2024-25), according to the latest data issued by the Pakistan Bureau of Statistics…...