Economy

K-Electric dispels rumours of peak hour changes

K-Electric has officially debunked recent social media claims suggesting modifications to electricity peak hours, including the introduction of new morning peak timings and an extension of evening hours.

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OMO Result: SBP injects Rs1.72tr

The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs1.72 trillion into the market of which Rs1.47tr were injected through reverse repo OMO.

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Weekly SPI increases by 0.95%

The Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 0.95% WoW during the week ended July 10, 2024, while on YoY basis, it decreased 1.23% compared to the corresponding period from last year.

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FinMin flags population growth as major threat to $3tr Economic Vision

The country’s ambitions to become a $3 trillion economy by 2047 will remain out of reach unless urgent action is taken to address the twin existential challenges of population growth and climate change, Finance Minister, Senator Muhammad Aurangzeb, warned on Thursday.

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Pakistan eyes regional lead in digital trade at GLOBE Summit

Digital trade is emerging as a central pillar of Pakistan’s strategy to drive economic recovery, diversify exports, and deepen regional integration, officials said at the GLOBE Pakistan Summit 2025 held in Islamabad yesterday.

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Meta partners with MoITT to launch AI Training Program

Meta has joined hands with Pakistan’s Ministry of IT and Telecommunication (MoITT), Higher Education Commission (HEC), and National Computing Education Accreditation Council (NCEAC) to roll out a nationwide AI training initiative aimed at equipping university faculty with critical artificial intelligence skills.

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Pakistan, Russia ink deal to breathe new life into Steel Mills

Pakistan and Russia have signed a Protocol to restore and modernize Pakistan Steel Mills (PSM) in Karachi, reaffirming their long-standing industrial partnership.

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Pakistan sees record 96% PSDP utilization

Pakistan achieved a historic milestone in fiscal year 2024–25 by utilising Rs1.04 trillion or 96% of its Public Sector Development Programme (PSDP), marking the highest-ever implementation rate.

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Car sales rise 64% in June 2025

The sales of cars, including LCVs, vans, and jeeps, in Pakistan increased by 63.9% in June 2025, clocking in at 21,773 units compared to 13,284 units recorded in the same month of last year, the latest data from the Pakistan Automotive Manufacturers Association (PAMA) showed today.

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Pakistan unveils National Fisheries & Aquaculture Policy to unlock $10bn potential

Pakistan has launched its first-ever National Fisheries and Aquaculture Policy 2025-2035, setting a unified national framework to develop a sector long seen as underutilised despite the country’s vast marine and inland water resources.

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