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Finance ministry sees inflation reading rising to 7.5-8.5% in March 2026

March 31, 2026 9:35

Pakistan’s Ministry of Finance has projected inflation rising to 7.5%-8.5% in the outgoing month of March 2026, as increasing global oil prices and the evolving geopolitical situation in Middle East might weigh on the commodity pricing trend in the country. “Inflation is anticipated to remain within the range of 7.5-8.5% for March 2026,” the ministry said in its latest Monthly Economic Update & Outlook March 2026 published on Tuesday. To recall, inflation reading hit almost a six-decade low at 0.7% a year ago in March 2025. The rate of inflation surged to 7% on year-on-year (YoY) in the previous month of February 2026 that was the highest since October 2024. The consumer price index (CPI) was recorded at 5.8% in the prior month of January 2026. The Monthly Economic Update & Outlook March 2026 reads, “While rising global oil prices and potential supply chain disruptions may exert pressure on industrial input costs, the government is actively pursuing prudent measures, including maintaining adequate petroleum reserves, managing energy demand, and adhering to fiscal austerity to protect domestic economy”. A local research house Optimus Capital Management estimated that “NCPI [National CPI] might enter into double digits from April 2026, driven by base effect, spike in oil prices, lagged fuel cost spillovers to other sectors, and potential negative economic impact as the geopolitical situation prolongs. “Continued government fuel subsidies may pressure fiscal and current account [balance] amid already tight fiscal space and high debt.” Overall, NCPI is projected at 7.4% YoY in March 2026, “with the energy index crossing into double digits at 16.6% YoY after 17 months,” the research house said. “Fuel prices surged 25% month-on-month in March 2026, combined with higher transportation costs. This is expected to contribute 65% of the headline MoM increase. Electricity prices should also add meaningfully, while food is expected to stay flat amid a supply glut from closed borders,” Optimus said. Economic outlook cautiously optimistic The Ministry of Finance’s monthly report further said the near-term outlook for Pakistan’s economy remains cautiously optimistic despite emerging geopolitical risks. Recent data indicates improving momentum in the industrial sector, with higher imports of textile machinery, transport and construction related inputs, likely to translate into higher domestic industrial activity. On the external front, high inflows of remittance are expected, particularly increase in transfers associated with Eid festival, “although their trajectory will depend on economic conditions in the host countries,” the report said. “Encouraging trends in IT exports are also providing additional support to foreign exchange earnings.” The current account deficit is likely to remain manageable, “while rising oil prices pose a risk to the import bill.” Notwithstanding the downside risks amid global uncertainties, the latest indicators suggest that “the economy is better positioned to absorb external shocks and maintain overall resilience in the coming months”. [...]

US stocks rise as markets monitor Middle East war

March 31, 2026 5:09

NEW YORK: Wall Street stocks opened higher Tuesday on hopes for a near-term resolution to the Middle East war despite the continued blockage of most petroleum deliveries in the Strait of Hormuz. Equities have been “energized” by reports that President Donald Trump could soon end the war with Iran, said Briefing.com analyst Patrick O’Hare. READ MORE: Wall Street rebounds after recent selloff with ME conflict in focus About 15 minutes into trading, the Dow Jones Industrial Average was up 1.0 percent at 45,677.81. The broad-based S&P 500 gained 1.3 percent to 6,426.13, while the tech-rich Nasdaq Composite Index jumped 1.7 percent to 21,138.99. Pentagon chief Pete Hegseth said Tuesday that the next days of the Iran war will be “decisive” while refusing to rule out US ground forces playing a role in the conflict. Trump said countries that have not joined the Middle East war but are struggling with fuel shortages should “go get your own oil” in the Strait of Hormuz, according to a social media post. Meanwhile, the average price of gasoline at US pumps has soared past $4 a gallon, the highest for nearly four years on the back of the Iran war. [...]

Rupee gains against US dollar

March 31, 2026 3:33

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display: false } }, scales: { x: { title: { display: true, text: 'Date' } }, y: { title: { display: true, text: 'Closing Rate' } } } } }); The Pakistani rupee registered marginal gain against the US dollar in the inter-bank market on Tuesday. At close, the local currency settled at 279.15, a gain of Re0.01, against the greenback. On Monday, the local unit closed at 279.16. Meanwhile, the US dollar headed for its biggest monthly gain since July on Tuesday and stands out as the strongest so-called safe asset as war in the Mideast has set oil prices surging and raised the risk of global recession. Overnight, the dollar ‌extended gains widely, save for against the yen where renewed threats of intervention from Tokyo have traders wary of selling the yen too far past 160 per dollar. The US dollar index touched its highest since last May on Monday at 100.61 and is up 2.9% through March, its sharpest monthly rise since last July. Brent oil futures headed for their largest monthly gain in volatile trading on Tuesday, as investors weighed the likelihood of U.S. President Donald Trump ending the Iran war against supply shocks from a prolonged closure of the Strait of Hormuz. Brent crude futures for May were up $5.31, or 4.71%, at $118.09 per barrel at 1326 GMT. Front-month Brent futures were on track for an all-time monthly gain of 63%, according to LSEG data stretching to June 1988. U.S. benchmark West Texas Intermediate has gained 54%, the biggest jump since May 2020. Inter-bank market rates for dollar on Tuesday BID Rs 279.15 OFFER Rs 279.35 Open-market movement In the open market, the PKR lost 4.00 paisa for buying and remained unchanged for selling against USD, closing at 279.48 and 280.22, respectively. Against Euro, the PKR gained 84 paise for buying and 96 paise for selling, closing at 319.17 and 322.67, respectively. Against UAE Dirham, the PKR gained 5 paise for buying and 1 paisa for selling, closing at 75.93 and 76.86, respectively. Against Saudi Riyal, the PKR gained 1 paisa for buying and remained unchanged for selling, closing at 74.20 and 75.00, respectively. Open-market rates for dollar on Tuesday BID Rs 279.48 OFFER Rs 280.22 [...]

Gold price per tola gains Rs2,800 in Pakistan

March 31, 2026 3:21

Gold prices in Pakistan increased on Tuesday in line with their gain in the international market. In the local market, gold price per tola reached Rs478,762 after a gain of Rs2,800 during the day. Similarly, 10-gram gold was sold at Rs410,461 after it increased by Rs2,401, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Monday, gold price per tola reached Rs475,962 after a gain of Rs3,900 during the day. The international rate of gold was up by $28 to reach $4,560 per ounce (with a premium of $20). Meanwhile, the price of silver increased by Rs260 to reach Rs7,784 per tola. [...]

Wall St gains on Mideast de-escalation hopes; monthly losses loom

March 31, 2026 2:53

Wall Street’s main indexes rose on Tuesday, as markets cheered a report signaling potential de-escalation in the Middle East conflict that has set the S&P 500 and the Dow on track for their biggest monthly decline in years. The Wall Street Journal reported on Monday that U.S. President Donald Trump told aides he was willing to end the military campaign against Iran even if the Strait of Hormuz remained largely closed, soothing some investor nerves. The month-long conflict has battered global markets and left the S&P 500 and the Dow on track for their largest monthly falls since September 2022. The benchmark S&P 500 was also headed for its worst quarter since 2022. Oil prices were volatile on Tuesday, but were headed for a record monthly gain. The S&P 500 energy index has gained more than 11% so far in March, the only sector set to end the month in positive territory. It would also be the sector’s biggest quarterly gain on record. “The move in markets is reflecting what traders want to see, what they hear. They would like to hear that resolution to this is quick,” said Mark Malek, CIO at Siebert Financial. Malek said oil prices were still high because the Strait of Hormuz was closed and that would ultimately “cause damage” to the economy. The S&P 500 technology index added 2% after facing a selloff this quarter, driven by concerns about lofty capital expenditure plans. Software stocks were hit by worries over AI-driven disruption to their services. Coreweave rose 8.4% after securing an $8.5 billion loan to expand AI infrastructure. Marvell Technology added 6.8% after Nvidia invested $2 billion in the firm. A 3.9% rise in Meta Platforms and Alphabet’s 2.5% gain lifted the communication services index up 2.2%. Nine out of 11 major S&P 500 sectors were in the green. At 10:05 a.m. ET, the Dow Jones Industrial Average rose 627.92 points, or 1.39%, to 45,844.06, the S&P 500 gained 103.78 points, or 1.64%, to 6,447.50 and the Nasdaq Composite gained 432.71 points, or 2.08%, to 21,227.35. Last week, the Dow and the Nasdaq ended 10% below their record high closes, confirming a correction. The small-cap Russell 2000 confirmed it earlier this month. JOLTS data for February showed job openings fell to 6.882 million, slightly below estimates of 6.918 million, while consumer confidence came in above estimates. Comments from Fed policymakers, including Austan Goolsbee and Michelle Bowman, will also be parsed for any clues on the monetary policy path. The oil spike stemming from the Iran conflict has revived inflation worries, prompting money market participants to price out any easing from the Fed this year, compared with two cuts expected before the war broke out, per CME Group’s FedWatch Tool. Among other movers, McCormick shares fell 6%. Unilever agreed to separate its food unit and merge it with McCormick in a cash-and-stock deal, valuing the spice maker at about $44.8 billion. Constellation Energy dipped 7.1% after forecasting 2026 profit below Wall Street expectations. Advancing issues outnumbered decliners by a 5.23-to-1 ratio on the NYSE and by a 4.21-to-1 ratio on the Nasdaq. The S&P 500 posted 3 new 52-week highs and 3 new lows, while the Nasdaq Composite recorded 19 new highs and 85 new lows. [...]

Gulf stocks mixed on report Trump weighing end to Iran war

March 31, 2026 1:39

Gulf stock markets ended mixed on Tuesday as investors weighed the possibility of U.S. President Donald Trump ending the Iran war. Trump is ready to end the Iran campaign even if the Strait of Hormuz remains largely closed, the Wall Street Journal reported, after the president warned earlier he would “obliterate” Iran’s energy infrastructure if Tehran kept the waterway shut. Saudi Arabia’s benchmark index gained 0.7%, with Al Rajhi Bank rising 1.1% and petrochemical maker Saudi Basic Industries Corp closing 1.7% higher. Elsewhere, oil major Saudi Aramco added 0.4%. Saudi Arabia has rerouted its Gulf crude exports from the Strait of Hormuz, with some 4.658 million barrels per day sent to the Red Sea port of Yanbu, Kpler data showed, a sharp rise from an average of 770,000 bpd in January and February. Brent oil futures headed for their largest monthly gain in volatile trading on Tuesday, as investors assessed Iran war de-escalation against Strait of Hormuz supply risks. Defying most of regional peers, the Saudi index weathered the war and rose 5.1% for the month. In Qatar, the index rose 0.9%, led by a 2.2% rise in the Gulf’s biggest lender Qatar National Bank and a 3.5% increase in Qatar Gas Transport. With a loss of more than 8%, the Qatari index saw its worst monthly performance since December 2020. Dubai’s main share index gave up early gains to close 0.2% lower, with top lender Emirates NBD declining 0.6%. A fully laden crude oil tanker off Dubai was attacked and set ablaze by Iran early on Tuesday, following Trump’s warning that the U.S. would obliterate Iran’s energy infrastructure if the Strait of Hormuz remained closed. Dubai has approved economic facilitation measures worth 1 billion dirhams ($272.26 million) to support business sector, with implementation set to begin on April 1 for a period of three to six months, Dubai crown prince posted on X on Monday. The emirate’s stock index, in the Middle East’s travel and tourism hub, was the worst performer in the region, sliding 16.4% for the month, its biggest decline since March 2020. Dubai’s stock market may be supported by continued government efforts to sustain economic momentum, helping offset external headwinds, said Joseph Dahrieh, managing director at Tickmill. The Abu Dhabi index slipped 0.1%, taking its monthly loss to about 9%. In Abu Dhabi, higher oil prices are offering underlying support despite weaker crude export volumes. Overall, resilient domestic fundamentals continue to anchor UAE markets, said Dahrieh. Outside the Gulf, Egypt’s blue-chip index added 0.3%, although it ended the month down 7.9%—its first monthly loss since December 2024. Saudi Arabia rose 0.7% to 11,250Abu Dhabi eased 0.1% to 9,521Dubai lost 0.2% to 5,434Qatar gained 0.9% to 10,188Egypt added 0.3% to 45,322Bahrain fell 0.3% to 1,899Oman added 0.4% to 8,168Kuwait rose 0.4% to 9,009 [...]

Buying returns to bourse, KSE-100 gains 1,900 points amid volatile trade

March 31, 2026 1:15

A day after intense selling pressure, buying momentum returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,900 points on Tuesday. The market opened on a weaker note, hitting an intra-day low of 147,743.67, indicating profit-taking or cautious sentiment. However, the decline was short-lived as buyers quickly stepped in, pushing the index back toward the 149,000 mark. After 1pm, the index rallied strongly, crossing the 150,000 level and hitting the day’s high of 150,225.63. However, the rally could not sustain at higher levels, and the index pulled back in the final hour. At close, the benchmark index settled at 148,743.31, up by 1,900.34 points or 1.29%. “Reports indicate US President Donald Trump is signalling a willingness to end the military campaign against Iran, even if the Strait of Hormuz remains partially restricted,” said Behtari Capital. “This de-escalation hint has sent US futures higher and calmed local fears of an all-out regional war,” it added. Arif Habib Ltd’s Deputy Head of Trading Ali Najib said market participants engaged in fresh buying, driven by expectations of a favorable outcome from a press conference by the United States Department of War on Tuesday. “On the macro front, the State Bank of Pakistan continued its active presence in the foreign exchange market, undertaking cumulative net interventions of $12.4bn between Jun’24 and Dec’25, including $1.0bn in Dec’25 alone, underscoring its commitment to maintaining currency stability and strengthening reserve buffers,” he said. “March 2026 proved to be a deeply adverse period for equities, with the KSE-100 Index registering a sharp decline of 19,319 points (-11.5% MoM) to close at 148,743.” On Monday, PSX remained under heavy selling pressure, extending its losing streak for a fourth consecutive Monday as geopolitical tensions over the weekend and cautious investor participation dragged the Index. The KSE-100 Index closed at 146,842.97 points, shedding 4,864.54 points or 3.21%. Globally, oil prices on Tuesday were set for a record monthly rise while Asian shares were headed for their steepest fall since 2022, capping a tumultuous month as the war in the Middle East stoked fears of higher inflation and slower growth. Bonds were headed for their ‌largest decline in months, owing to the hawkish sea change in the global outlook for interest rates, while the dollar recorded its strongest gain in eight months. A month into the war, investors continue to be whipsawed by a barrage of headlines as tensions and attacks between the U.S., Israel and Iran escalate. Markets turned a little more upbeat after The Wall Street Journal reported that US President Donald Trump told aides he is willing to end the military campaign against Iran even if the Strait of Hormuz remains largely closed. US futures reversed early losses, with Nasdaq futures up 0.34% and S&P 500 futures gaining 0.4%. EUROSTOXX 50 futures rose 0.15%, and DAX futures were up 0.26%. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.55% and on track for a monthly fall of more than 12%, the most substantial decline since September 2022. Japan’s Nikkei was down 0.93% and was set to lose 12.6% this month, while South Korea’s Kospi was headed for a monthly decline of more than 17%, the most since 2008. Meanwhile, the Pakistani rupee registered marginal gain against the US dollar in the inter-bank market on Tuesday. At close, the local currency settled at 279.15, a gain of Re0.01, against the greenback. Volume on the all-share index decreased to 434.96 million from 529.13 million recorded in the previous close. The value of shares declined to Rs22.54 billion from Rs29.60 billion in the previous session. K-Electric Ltd was the volume leader with 46.92 million shares, followed by Dost Steels Ltd with 36.12 million shares, and WorldCall Telecom with 27.97 million shares. Shares of 479 companies were traded on Tuesday, of which 281 registered an increase, 137 recorded a fall, and 61 remained unchanged. [...]

CCP slaps Rs265m penalty on two cable firms over price fixing practices

March 31, 2026 12:58

The Competition Commission of Pakistan (CCP) has imposed an aggregate penalty of Rs265 million on two cable manufacturers for engaging in resale price maintenance (RPM) practices in violation of the Competition Act, 2010. In a statement on Tuesday, the regulator said it fined Newage Cables (Pvt.) Ltd. Rs75 million and GM Cables & Pipes (Pvt.) Ltd. Rs190.22 million for restricting dealers from offering discounts beyond prescribed limits. The CCP initiated an enquiry after receiving information, supported by documentary evidence, including policy circulars issued by the companies. These documents revealed that dealers were barred from selling below fixed discount thresholds, with punitive measures such as termination of dealership agreements for non-compliance. READ MORE: CCP seeks rationalisation of protections to boost competition in Pakistan’s auto sector Following a preliminary probe, the Commission authorised a formal enquiry under Section 37(1) of the Act, concluding that both firms had prima facie violated Section 4 by imposing minimum resale price restrictions. According to the findings, Newage enforced its retail discount policy through dealership agreements, while GM Cables implemented similar restrictions via rate control notices and related communications. Acting on the enquiry committee’s recommendations, the CCP issued show-cause notices to the companies. After hearings and detailed examination of evidence, the Commission determined that the practices constituted a restriction “by object” as they curtailed intra-brand price competition through vertical agreements. In its order, the CCP observed that the conduct of the companies eliminated price competition among dealers of the same brand and adversely impacted consumer choice. The restrictions were formalised through circulars and enforced through coercive measures, including threats of suspension or termination. While determining penalties, the Commission noted that Newage adopted a cooperative approach during proceedings. In contrast, GM Cables continued its infringing conduct even after the initiation of the enquiry and attempted to deny documented evidence. Consequently, GM Cables was fined 5% of its annual turnover for FY2023-24, amounting to Rs190.22 million. The CCP directed both companies to deposit the penalties within 60 days, warning that failure to comply would result in an additional fine of Rs500,000 per day. The firms have also been ordered to immediately cease RPM practices, withdraw restrictive instructions issued to dealers, ensure independent price setting, and submit compliance reports within stipulated timelines. Newage has further been instructed to remove discount cap provisions from its dealership agreements. The order underscores the regulator’s commitment to promoting fair competition and safeguarding consumer interests in the market. [...]

Sri Lankan shares drop for fourth straight session as utilities stocks weigh

March 31, 2026 12:21

Sri Lankan shares closed lower on Tuesday, weighed down by utilities stocks. The CSE All-Share index fell 0.12% to 21,066.18, marking its fourth straight session of losses. InsureMe Insurance Brokers, a Sri Lanka-based insurance and licensed broker, and commercial bank Sampath Bank were the biggest drags on the CSE All-Share index, falling 7.2% and 6.7%, respectively. Trading volume fell to 100.4 million shares from 145.5 million in the previous session. The equity market’s turnover rose to 3.57 billion Sri Lankan rupees ($11.3 million) from 2.17 billion rupees in the previous session, according to exchange data. Foreign investors were net sellers of shares worth 165.7 million rupees in the equity market, while domestic investors were net buyers of shares worth 3.53 billion rupees, data showed. [...]

Indonesia stock exchange issues implementing rule for 15% free float policy

March 31, 2026 12:02

JAKARTA: Indonesia Stock Exchange (IDX) has issued an implementing rule for its 15% free float regulation, the exchange said in a statement, adding that it is effective from March 31. Here are some key points: IDX has raised the minimum free-float of shares, the amount of tradable shares of a company, to 15% from 7.5%. The exchange gives listed companies a transition period to meet new minimum free‐float requirement, based on their market capitalisation as of March 31. Companies with market capitalisation of at least five trillion rupiah and free-float of shares below 12.5% must raise their tradable shares to 12.5% by end-March 2027 and to 15% by end-March 2028, the statement said. Companies with free float of shares between 12.5% to 15% must increase it into 15% by end-March 2027. For listed companies with market capitalisation of below five trillion rupiah, they must meet the 15% free-float rule no later than March 31, 2029. The exchange is giving listed companies more flexibility to meet minimum free-float requirements by allowing them to reclassify certain shareholders’ stakes as free-float shares. The exchange also required companies that plan to do an initial public offering to list 15%, 20%, and 25% of their shares, depending on their market size. IDX tightened the definition of free float where it excludes shares owned by affiliates of the controlling shareholder. Previously, the definition is only excluding stakes owned by the affiliates of the company. It also added a definition that these are not shares whose transfer of ownership must be restricted. [...]

Palm logs biggest monthly gain in 4 years

March 31, 2026 11:51

KUALA LUMPUR: Malaysian palm oil futures extended gains for a fourth straight session on Tuesday, driven by short covering and robust March export data, to post their biggest monthly gain in four years. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange gained 57 ringgit, or 1.19%, to 4,829 ringgit ($1,193.52) a metric ton at the close. The contract rose 19.47% in March and logged its highest monthly gain since April 2022. Gains were aided by short covering as the market revisited the prior session’s high, a Kuala Lumpur-based trader said. Dalian’s most-active soyoil contract fell 0.12%, while its palm oil contract added 0.74%. Soyoil prices on the Chicago Board of Trade rose 0.29%. Palm oil tracks the price movements of rival edible oils as it competes for a share of the global vegetable oils market. Cargo surveyors estimated that exports of Malaysian palm oil products for March rose between 44.3% and 56.7% month-on-month. Meanwhile, Brent oil futures headed for their largest monthly gain in volatile trading on Tuesday, as investors weighed the likelihood of U.S. President Donald Trump ending the Iran war against supply shocks from a prolonged closure of the Strait of Hormuz. Stronger crude oil futures make palm a more attractive option for biodiesel feedstock. The ringgit, palm’s currency of trade, weakened 0.5% against the dollar, making the commodity slightly cheaper for buyers holding foreign currencies. On Monday, Indonesia’s President Prabowo Subianto during an official visit to Japan said that the Southeast Asian country will go ahead with its B50 palm oil-based biodiesel programme this year. [...]

Supply fears keep aluminium near four-year peak

March 31, 2026 11:25

LONDON: Aluminium rose on Tuesday, balancing near four-year highs and heading for the biggest monthly gain since 2018, due to fears of a prolonged supply squeeze after Iranian strikes damaged key Gulf smelters over the weekend. Benchmark three-month aluminium on the London Metal Exchange rose 3.2% to $3,510 a metric ton by 1106 GMT having earlier hit $3,526, its highest since March 13. The metal is up 12% so far in March. Iran’s attacks damaged two aluminium plants operated by Aluminium Bahrain and Emirates Global Aluminium in the Gulf region, accounting for 8% of global supply. Neither company has provided an update on their operations. “The market is waiting for some clearer news over the extent of what’s happened,” said BNP Paribas commodities strategist David Wilson. “We haven’t had any official confirmation yet of the extent of any damage.” Aluminium hits four-year peak after Iran attacks Middle East smelters “It’s been a little bit of a surprise that the prices move has been relatively muted, but I guess the issue is that the wider market doesn’t really know the extent of the situation yet.” A break above $3,546.50 from March 12 for aluminium would open the way to peaks last seen four years ago, when the markets were grappling with the immediate consequences of Russia’s invasion of Ukraine. With aluminium stocks in the LME-registered warehouses at 416,775 tons, their lowest level since July, the aluminium market has been tight in March. The premium for LME cash metal over the three-month contract hit $61 a ton, its highest since 2007, on Friday, signalling worries about the availability of the immediate supply. The premium was last at $50 on Tuesday. On the ex-Gulf supply side, Indonesian state aluminium company PT Inalum on Tuesday called for the government to impose a moratorium on new alumina and aluminium plants. Among other LME metals, copper was steady at $12,227 a ton. China’s top copper smelters decided not to issue guidance for second-quarter 2026 copper concentrate treatment and refining charges, sources with knowledge of the matter said. LME zinc fell 0.1% to $3,178, lead remained at $1,908.50, while tin rose 0.4% to $46,500 and nickel slid 0.9% to $17,090. [...]

Singapore energy authority warns of rising energy costs amid Middle East conflict

March 31, 2026 7:09

SINGAPORE: About 95% of Singapore’s electricity is produced from imported natural gas and the “extensive disruptions to oil and natural gas production in the Middle East” will lead to price hikes for consumers, Singapore’s Energy Market Authority said on Tuesday. Fuel prices are expected to remain elevated in the foreseeable future, said the authority. Singapore is likely to see “further and potentially sharper increases” in electricity and town gas tariffs in subsequent quarters. The Energy Market Authority is closely monitoring the situation and working closely with the industry to ensure supply security. “We cannot predict how long the conflict in the Middle East will last. Household and business consumers must therefore be prepared for higher and more volatile energy costs,” Energy Market Authority said in a statement. [...]

Microsoft plans $1 billion investment in Thailand, Thai government says

March 31, 2026 7:03

BANGKOK: Microsoft plans to invest $1 billion in Thailand over the next two years in cloud services and AI infrastructure, the Thai government said in a statement. The investment includes developing digital skills of the Thai workforce, the statement said. The announcement follows a number of data centre investments to support AI, as Southeast Asia’s second-largest economy looks to speed up projects involving data centres, electronics, and power generation.‑Reuters [...]

Aluminium extends gains on lingering fears over prolonged supply shock, China data support

March 31, 2026 7:02

Aluminium extended its gains on Tuesday as the market priced in a prolonged supply squeeze after Iranian strikes damaged key Gulf smelters, with stronger China factory data adding support. The most-active aluminium contract on the Shanghai Futures Exchange gained 1.16% to 24,810 yuan ($3,594.14) a metric ton as of 0230 GMT. The benchmark three-month aluminium on the London Metal Exchange rose 1.69% to $3,458.50 a ton. Supply worries persisted as traders shifted their focus from temporary disruptions including the effective closure of the Strait of Hormuz, to concerns over a prolonged supply shock, which could persist even if war tensions ease. This came after Iran’s attacks damaged two aluminium plants operated by Aluminium Bahrain and Emirates Global Aluminium in the Gulf region, accounting for 8% of global supply. Neither company has provided an update on their operations. The physical market is also flashing shortage, with aluminium inventories sitting in the LME warehouses falling since October last year. Inventory was reported at 418,675 tons as of March 27, the lowest since July last year. Meanwhile, China’s strong factory data, released on Tuesday, provided further support for the light metal used widely in transport, construction and packaging. The official manufacturing purchasing managers’ index for March was 50.4, up from 39.0 a month ago and returned above the 50% mark separating growth from contraction, according to the National Bureau of Statistics. Elsewhere on SHFE, copper rose 0.24%, zinc gained 0.49%, lead nudged 0.18% higher, nickel declined 0.35%, and tin climbed 1.62%. Among other LME metals, copper ticked 0.18% up, zinc was up 0.19%, lead also gained 0.18%, nickel dipped 0.19%, and tin gained 0.30%. [...]

Pakistan and China trade relations: FPCCI Regional Office hosts consultative session

April 1, 2026 3:50

LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Regional Office in Lahore hosted a high-level consultative session focused on strengthening bilateral trade relations between Pakistan and China. The meeting was graced by the Consul General of the People’s Republic of China, Sun Yan, who paid an official visit to the FPCCI Regional Office. The session was chaired by FPCCI Regional Chairman and Vice President Zaki Ejaz. Zaki Ejaz proposed the establishment of a Joint Business Working Group to enhance the effectiveness of bilateral cooperation and extended a formal invitation to Chinese companies to relocate their industries to Pakistan’s Special Economic Zones (SEZs). He highlighted tax concessions, duty-free machinery imports, and Pakistan’s GSP Plus status as significant competitive advantages that position the country as an attractive destination for Chinese industrial investment. Both sides emphasized the need to accelerate CPEC 2.0 on the occasion of the 75th anniversary of Pakistan-China diplomatic relations, with industrial development, technology transfer, and business-to-business partnerships identified as central pillars of this renewed momentum. Consul General Sun Yan described Pakistan and China as “all-weather strategic partners” and noted that CPEC 2.0 is generating new opportunities for the private sector, particularly in industry, agricultural modernisation, and innovation. He added that China’s 15th Five-Year Plan, centered on developing “new quality productive forces” would further broaden the scope of bilateral cooperation. He also assured attendees that the Chinese Consulate is playing an active role in promoting business linkages, with ongoing progress being made in coordination with relevant authorities in Beijing regarding business visa facilitation and policy support. The meeting was attended by prominent business figures, including Shahzad Ali Malik, Dr Shahla Javed Akram, Nazir Hussain, President of the Pak-China Joint Chamber, Mian Nadeem Bari, President of the Nankana Chamber of Commerce, Kashif Khokhar, Tariq Mahmood, as well as chairpersons from various trade associations and representatives of regional chambers. Business leaders present at the session stressed the importance of expanding agricultural cooperation and establishing technical and vocational training centres aligned with industrial requirements. Copyright Business Recorder, 2026 [...]

Mian Zahid stresses contingency framework amid IMF conditionalities

April 1, 2026 3:46

KARACHI: Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, Chairman National Business Group Pakistan and Chairman Policy Advisory Board FPCCI, has urged the authorities to implement a comprehensive economic contingency framework, as the IMF program now requires even stricter fiscal discipline and structural reforms in the energy sector and State-Owned Enterprises (SOEs) to ensure debt sustainability. Expressed satisfaction over the successful conclusion of the third review of the 37-month Extended Fund Facility (EFF) and the second review of the 28-month Resilience and Sustainability Facility (RSF) with the International Monetary Fund (IMF), he noted that the staff-level agreement, which paves the way for a USD 1.2 billion disbursement—comprising approximately USD 1 billion under the EFF and USD 210 million under the RSF—comes at a critical juncture as Pakistan navigates a highly volatile regional environment. He highlighted that this brings the total disbursements under the current arrangements to USD 4.5 billion, providing a much-needed buffer for the country’s external account. Hussain stated that the IMF’s endorsement of Pakistan’s macroeconomic stability is reflected in the achievement of a primary surplus of 2.8 percent during the first half of FY2026. However, he warned that the escalating US-Israel-Iran conflict, which intensified following the strikes on February 28, poses a grave threat to these gains. He pointed out that the blockade of the Strait of Hormuz has already disrupted nearly 20 percent of global oil and LNG trade, causing Brent crude to spike to USD 120 per barrel earlier this month. While prices moderated to approximately USD103 per barrel in the last week which have again increased to USD 115 per barrel resulting in the 64 percent surge in oil and 143 percent hike in LNG benchmarks continue to strain Pakistan’s import bill. He emphasised that every USD 10 increase in oil prices adds nearly USD 1.5-2 billion to Pakistan’s annual import costs, potentially widening the external financing gap at a time when the country is targeting a primary surplus of 1.6 percent of GDP for FY2026. He remarked that the IMF’s conditions, including maintaining a tight monetary policy and a market-determined exchange rate, are essential “shock absorbers” against Middle Eastern spillovers. He lauded the government’s commitment to broadening the tax base and strengthening the Benazir Income Support Program (BISP) to protect the vulnerable from energy-led inflation, which remains a concern despite dropping to 5.2 percent in the first half of the fiscal year. Mian Zahid further observed that the regional war threatens the USD 21 billion annual remittance flows from the GCC, which are vital for financing the current account deficit. He noted that the 40 percent increase in fertilizer prices and 85 percent rise in European gas benchmarks due to the conflict are particularly lethal for Pakistan’s agrarian economy. The Chairman NBG concluded by stating that while the IMF agreement offers a significant “breather,” Pakistan must diversify its energy sources and strengthen diplomatic efforts to safeguard its economic interests during the US-Israel-Iran war. He stressed that the successful completion of the IMF reviews is a testament to the country’s resilience, but the government must remain vigilant as global food and fuel price volatility could easily derail the projected GDP growth of 3.2 percent for the current fiscal year. Copyright Business Recorder, 2026 [...]

Pakistan has stable, investment friendly economy: Governor

April 1, 2026 3:39

KARACHI: Sindh Governor Syed Muhammad Nehal Hashmi, on Tuesday, said Pakistan was steadily emerging as a stable and constructive player on the global stage, highlighting growing diplomatic engagement and expanding investment potential. Speaking at a reception hosted by Mirza Ikhtiar Baig, president of the PML-N Business Forum, the Governor said Pakistan was contributing effectively to regional peace under the leadership of Prime Minister Muhammad Shehbaz Sharif. “Pakistan’s foreign policy is playing a meaningful role in addressing complex international challenges through dialogue and cooperation,” he said, adding that the country offered a conducive environment for foreign investment across key sectors. The event was attended by diplomats, prominent businessmen, social and political figures. Samee Abdullah Al Khanjari, Consul General of Oman and Dean of the Consular Corps, reaffirmed support for strengthening bilateral and multilateral engagement. Leading businessman Arif Habib said the business community stood aligned with the government and was ready to contribute to Karachi’s development, particularly in infrastructure and economic growth initiatives. Consul Generals from various countries, including China, Russia, Qatar, the United Kingdom, Thailand, Iraq, Morocco, Yemen, Sri Lanka and Malaysia also attended, underscoring broad-based diplomatic interest and engagement with Pakistan. Copyright Business Recorder, 2026 [...]

SVP FPCCI for expanding trade ties with Iran

April 1, 2026 3:25

KARACHI: Saquib Fayyaz Magoon, Chairman BMP-Progressive and Senior Vice President Federation Pakistan Chambers of Commerce & Industry (FPCCI), has emphasized the need for expanding bilateral trade ties with Iran to unlock new avenues for industrial growth and regional integration. Welcoming the federal government’s decision to grant a temporary exemption from bank guarantees and letters of credit (LCs) for exports to Iran and Central Asian states, calling it a timely move to facilitate trade and support exporters, he described the relaxation as a “positive and pragmatic step” that would ease financial constraints and help revive cross-border trade through land routes. Under the new arrangement, exporters will be allowed to ship goods via Iran to destinations including Azerbaijan and Central Asian countries without the previously mandatory financial documentation, a move expected to streamline export procedures and reduce transaction delays. Magoon expressed appreciation for Commerce Minister Jam Kamal, noting that the decision would not only simplify export mechanisms but also strengthen regional trade connectivity and generate broader economic benefits. However, he urged the government to go a step further by allowing the import of industrial raw materials—particularly petrochemicals—from Iran. He argued that access to competitively priced Iranian inputs could significantly reduce production costs for Pakistani industries. “Global and domestic prices of petrochemicals remain elevated, placing immense pressure on manufacturers,” he said, adding that cheaper imports from Iran would provide much-needed relief and improve the price competitiveness of Pakistani goods in international markets. He maintained that lower input costs would ultimately translate into higher exports, contributing to an increase in foreign exchange earnings and helping stabilize the country’s external account. Copyright Business Recorder, 2026 [...]

Asia markets rally on optimism Iran war could end soon

April 1, 2026 3:23

SINGAPORE: Stocks and bonds rallied and the dollar wallowed at the ‌start of the Asian trading session on Wednesday on hopes of a de-escalation in the Iran conflict, while significantly better-than-expected economic data for March propelled a rebound in Korean and Japanese shares. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 2.7%, snapping a four-day losing streak as South Korea’s Kospi surged as much as 5.5%. The Nikkei 225 also jumped 3.9% at one point, after US President Donald Trump said the United States could end its military attacks on Iran within two to three weeks and that Tehran did not have to make a ⁠deal as a prerequisite for the conflict winding down. “They’re still quite far apart in terms of what a truce means, or what peace means, but the market is embracing the fact that they are talking,” said Rodrigo Catril, currency strategist at National Australia Bank in Sydney. “That’s a positive sign, at least in terms of signalling or willingness to end the conflict,” he said, speaking on a podcast. “Whether a compromise can be reached remains to be seen,” he added. “While this is all happening, attacks are continuing from both sides.” Trump will provide an update on Iran in an address to the nation at 9 p.m. on Wednesday (0100 GMT on Thursday), White House spokeswoman Karoline Leavitt said on X. S&P 500 e-mini futures were up 0.3% and Nasdaq futures gained 0.5% after the post. Stocks on Wall Street soared on Tuesday as traders bet on the potential off-ramp to the war, sending the S&P ‌500 ⁠2.9% higher, though oil markets were more subdued as trading resumed in Asia. Brent crude futures moved 1.1% higher to $105.16 a barrel to retrace some of the previous day’s decline. South Korean stocks were on track for their sharpest jump in two weeks, with Samsung Electronics soaring 8% and SK Hynix up 7.8%, as exports soared 48.3% year-on-year in March, smashing market expectations, while a separate purchasing managers’ index (PMI) gauge showed the country’s factory activity expanded at the strongest pace in more than four years in March, led ⁠by semiconductor demand and new product launches. In Japan, business sentiment among large manufacturers improved in the three months to March, according to a closely watched survey released on Wednesday, a sign that increasing economic uncertainty from the Middle East conflict has yet to hit morale. The U.S. dollar index , which measures the greenback’s strength against a basket of ⁠six currencies, nudged up 0.1% to 99.8070 after logging its biggest one-day drop since March 19 on Tuesday, as traders reassessed the odds that the Federal Reserve may take policy action earlier than thought, rather than sitting on its hands all year. Fed funds futures are pricing an implied 32% ⁠probability that a 25-basis-point cut to interest rates could come at the U.S. central bank’s two-day meeting ending on July 29, compared to a 7.5% chance a day earlier, according to the CME Group’s FedWatch tool. The yield on the US 10-year Treasury bond was down 1.2 basis points at 4.297%. In cryptocurrencies, bitcoin was down 0.3% at $67,988.87, while ether slipped 0.2% to $2,100.94. [...]

Indian shares set to open higher on hopes Iran war could end soon

April 1, 2026 3:19

India’s equity benchmarks are set to open higher on Wednesday, mirroring gains in Asian peers, as hopes of a potential de-escalation in the ‌Middle East conflict eased concerns over surging oil prices and global inflation. GIFT Nifty futures were trading at 22,768 as of 7:33 a.m. IST, indicating that the benchmark Nifty 50 will open above Monday’s close of 22,331.4 points. Indian markets were closed on Tuesday for a local ⁠holiday. US President Donald Trump said Washington could end its military attacks on Iran within two to three weeks, adding that Tehran would not need to strike a deal as a prerequisite for the conflict to wind down. Brent crude oil prices slipped to $105 a barrel, and Asian markets climbed 3.7% on optimism that the month-long conflict could end soon. Back home, equity benchmarks fell more than 11% in March, with foreign investors offloading a record $12.7 billion during the month, amid fears that high crude prices could ‌hurt ⁠growth and stoke inflation in the world’s third-largest crude importer. [...]

Gold ticks up as dollar slips on Mideast de-escalation hopes

April 1, 2026 3:16

Gold prices edged higher on Wednesday to their highest in nearly two weeks, supported by a weaker dollar as US President Donald Trump said the war with Iran could wind down within two to three weeks. Spot gold rose 0.4% to $4,685.79 per ounce by 0228 GMT, having hit its highest level since March 20 at $4,723.21 earlier in the day. U.S. gold ⁠futures for April delivery gained 0.8% to $4,713.40. The US dollar fell 0.2%, making greenback-denominated commodities more affordable for holders of other currencies. “Talks that the U.S. might wrap up the war in two to three weeks even if the Strait (of Hormuz) is not reopened reinvigorated the U.S. equity markets and pulled gold higher along with it,” said Marex analyst Edward Meir. U.S. President Donald Trump said Tehran did not have to make a deal as a prerequisite for the conflict to wind down. Trump will provide an update on Iran in an address to the nation at 9 pm on Wednesday (0100 GMT on Thursday). Global ‌equity and ⁠bond markets jumped on speculation of a potential de-escalation in the Middle East conflict. Iran parliament commission approves Hormuz toll plan “However, the upside (to gold prices) is being limited due to the fact that interest rates can move higher if inflationary expectations reignite,” Meir said. Gold fell more than 11% in March in its steepest monthly fall since October 2008 due to ⁠rising expectations of hawkish monetary policy and as the dollar emerged as a safe-haven winner since the Iran war started on February 28. US weighs military reinforcements as Iran war enters possible new phase Traders have almost completely priced out any chance of a US Federal Reserve rate cut ⁠this year from about two cuts expected before the war. Gold tends to thrive in a low-interest-rate environment as it is a non-yielding asset. “Should geopolitical tensions de-escalate further, then expectations for Fed easing ⁠could return. In such a scenario, real yields can ease, providing support for gold,” said Christopher Wong, a strategist at OCBC. Spot silver fell 0.8% to $74.53 per ounce, platinum gained 0.7% to $1,963.22 and palladium was up 0.6% at $1,484.84. [...]

Dollar stays stable after Trump says Iran war could finish soon

April 1, 2026 3:15

TOKYO: The dollar was largely steady on Wednesday, with gains from safe-haven demand fading, as US President Donald Trump said the war with ‌Iran could wind down within weeks, though conflicting signals on the conflict kept investors on edge. The yen has recovered from this year’s low of 160.46 per dollar, moving back through the psychologically important 160 level that had fanned concerns of intervention by Japanese authorities. The euro hit more than a one-week high. The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, fell 0.03% to 99.70, with the euro up 0.21% at $1.1576. War in the Middle East: latest developments The Japanese yen strengthened 0.11% against ⁠the greenback to 158.55 per dollar. The yen was steady after the Bank of Japan’s quarterly tankan survey showed business sentiment among large Japanese manufacturers improved in the three months to March, a sign that increasing economic uncertainty from the Middle East conflict has yet to hit morale. Sterling strengthened 0.21% to $1.3247. Thai baht/US dollar weaker on Tuesday The greenback has benefited from a safe-haven bid since the conflict began in late February, and the US, a net energy exporter, is also relatively better positioned to handle oil disruptions than other nations. Trump said on Tuesday the US could end its military campaign ‌against Iran ⁠within two to three weeks. His comment followed a Wall Street Journal report a day earlier saying the US president told aides he is willing to end the military campaign against Iran even if the crucial Strait of Hormuz shipping artery remains largely closed with unclear plans to get it reopened at a later date. The said Trump would address the nation “to provide an important update on Iran” at 9 p.m. EDT ⁠on Wednesday (0100 GMT on Thursday). At the same time, US Defence Secretary Pete Hegseth said the next few days in the war against Iran would be decisive and warned Tehran that the conflict would intensify if it did not make a deal, pointing to signs of escalation in the conflict. This week’s ⁠main US economic focus will be Friday’s jobs report for March. It is expected to show that employers added 60,000 jobs during the month, according to the median estimate of economists polled by Reuters, following an unexpected loss of 92,000 jobs in February. A sharp ⁠deterioration in the labor market would likely revive expectations for Fed rate cuts this year, which have been largely priced out as rising oil prices from the Iran war stoke inflation concerns. The Australian dollar strengthened 0.35% versus the greenback to $0.6924. New Zealand’s kiwi strengthened 0.19% versus the greenback to $0.5756. In cryptocurrencies, bitcoin fell 0.03% to $68,177.08. Ethereum declined 0.08% to $2,103.76. [...]

Front-month Brent oil futures extend gains after record monthly rise in March

April 1, 2026 3:01

BEIJING: Oil prices ticked up in early Wednesday trade, with Brent front-month futures extending a record March rally as Middle East volatility kept markets jittery, despite reports that the US and Iran may be edging closer to a negotiated end to the war. The ‌front-month Brent contract for June delivery rose 66 cents or 0.63% to $104.63 per barrel by 0010 GMT. Front-month Brent futures hit a record monthly gain of 64% in March, according to LSEG data dating back to June 1988. US West Texas Intermediate (WTI) crude futures for May rose 96 cents or 0.95% to $102.34 per barrel while WTI futures for June rose 46 cents or 0.49% to $93.62 per barrel. Hegseth says next few days in Iran war will be decisive “Even ⁠with diplomatic channels reportedly still active and intermittent comments from the US administration predicting a short end to the conflict, the combination of limited tangible diplomatic progress, continued maritime attacks, and explicit threats against energy assets keeps supply risks skewed to the upside,” LSEG analysts said in a note. Prices recovered some of their daily losses from Tuesday, when Brent futures for June delivery settled down more than $3 after unconfirmed media reports that Iran’s president was ready to end the war. President Donald Trump also told reporters on Tuesday that the US could end the military campaign within two to three weeks and that Iran doesn’t have to make a deal to ‌end ⁠the conflict, his clearest declaration yet that he wants to wind down the month-long war. Still, even if the conflict ends, infrastructure damage is likely to keep supplies tight, analysts say. Trump has also indicated he could end the war before reopening the Strait of Hormuz, a key route through which 20% of global oil and LNG trade flows, according to a Wall ⁠Street Journal report. Oil output by Organization of the Petroleum Exporting Countries (OPEC) dropped 7.3 million barrels per day in March compared to the previous month, a Reuters survey showed on Tuesday, illustrating the impact of forced export cuts because of ⁠the closure of Hormuz. US weighs military reinforcements as Iran war enters possible new phase The strait’s blockage and output disruptions have led analysts to increase their annual oil price forecast by a record amount from February to March, according to a Reuters poll of economists and analysts. The ⁠survey conducted in March predicts Brent crude will average $82.85 per barrel in 2026, about 30% higher than February’s forecast of $63.85, which was polled before the war began. The $19 increase represents the steepest annual forecasts in Reuters’ monthly oil poll data, which dates back to 2005. [...]

CCP imposes Rs265m penalty on two cable companies

April 1, 2026 2:46

ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed an aggregated penalty of Rs 265 million on two cable companies for engaging in Resale Price Maintenance (RPM) practices in violation of Section 4 of the Competition Act, 2010. The CCP has imposed a penalty of Rs 75 million on Newage Cables (Pvt) Ltd and Rs 190.22 million on GM Cables & Pipes (Pvt) Ltd. The Commission conducted an enquiry upon receiving information, supported by documentary evidence, including policy circulars issued by the respondents. These circulars contained instructions restricting dealers from offering discounts beyond specified limits and prescribed punitive measures, including termination of dealership agreements, for non-compliance.After its initial probe, the Commission authorised an enquiry under Section 37(1) of the Act. The enquiry concluded that the respondents had prima facie violated Section 4 of the Act by imposing minimum resale price restrictions on their dealers. The enquiry found that Newage’s retail discount policy and dealership agreements prohibited dealers from selling products below prescribed discount levels, while GM Cables imposed similar restrictions through its rate control notices and related communications. On enquiry committee’s recommendations, the Commission issued show cause notices to both undertakings for their alleged conduct restricting intra-brand price competition through vertical agreements establishing minimum resale prices. After hearing the parties and conducting a detailed analysis of the evidence, the Commission concluded that both undertakings had engaged in RPM practices constituting a restriction “by object” under Section 4 of the Act. In its order, the Commission observed that the respondents’ conduct eliminated intra-brand price competition and adversely affected consumer choice. The practices were formalized through circulars, widely disseminated across dealer networks, and enforced through coercive measures, including threats of suspension or termination. Taking into account the nature, gravity, and duration of the violations, the Commission observed that Newage Cables demonstrated a cooperative approach during the proceedings, whereas GM Cables continued its infringing conduct even after initiation of the enquiry and attempted to deny documented evidence. Accordingly, the Commission imposed a penalty of PKR 75 million on Newage Cables (Pvt.) Ltd. and a penalty of 5 percent of annual turnover for FY 2023–24, amounting to PKR 190.22 million, on GM Cables & Pipes (Pvt.) Ltd. Copyright Business Recorder, 2026 [...]

July–Feb: Consumers provided Rs46.56bn relief: PD

April 1, 2026 2:31

ISLAMABAD: The Power Division said on Tuesday that consumers were provided relief amounting to Rs46.56 billion during the first eight months (July–February) of FY 2025-26. According to an official statement, the government, in line with its commitment to provide maximum relief to electricity consumers, absorbed significant cost pressures to ensure that the benefits of tariff adjustments are passed on to the public. Despite global fuel price volatility, cumulative relief of Rs46.56 billion was extended during July–February, resulting in an overall reduction of Re0.71 per kWh in end-user tariffs. Industrial consumers witnessed a particularly sharp decline in tariffs, with pre-tax rates falling from Rs49.19 per unit (18 cents) in March 2024 to Rs34.75 per unit (12 cents) in March 2026—a reduction of Rs14.44 per unit. The statement highlighted that total relief during FY 2025–26 (July–February) stood at Rs46.56 billion, while the reduction in consumer-end tariff was Re0.71 per kWh. It further noted a net relief of Rs26.85 billion for January–February 2026, despite an increase of Rs21.18 billion in Fuel Charges Adjustment (FCA) and a negative Quarterly Tariff Adjustment (QTA) of Rs48 billion during the same period. The Power Division maintained that contrary to concerns regarding tariff increases through adjustments, actual figures indicate a net relief to consumers. During FY 2025–26 (July–February), cumulative relief of Rs13.28 billion and Rs33.29 billion was passed on through FCA and QTA, respectively. While the FCA for January and February 2026 increased due to higher demand and the forced outage of K-3, the negative QTA more than offset this impact, resulting in net consumer relief. The government also acknowledged ongoing international fuel price volatility and supply disruptions, noting that such factors continue to significantly influence power generation costs worldwide. Tariff projections, it said, are based on variables such as fuel prices, exchange rates, demand patterns, and the generation mix. Despite the use of prudent assumptions, these elements remain uncertain and largely beyond the control of the regulator, distribution companies (DISCOs), and the government. The statement added that in coordination with relevant stakeholders, efforts are under way to mitigate these challenges and protect consumers from undue financial burden in the future. Copyright Business Recorder, 2026 [...]

FCA: industry says will opt for closure

April 1, 2026 2:29

ISLAMABAD: Power sector entities remain uncertain about the financial and operational impact of the ongoing Middle East conflict over the coming months, while industry representatives have warned that they may opt to shut down operations rather than pay a high Fuel Charges Adjustment (FCA) of Rs10 per unit. This concern was highlighted during a public hearing held by National Electric Power Regulatory Authority (NEPRA) on the FCA for February 2026. The Central Power Purchasing Agency-Guaranteed (CPPA-G) has sought a positive adjustment of Rs1.64 per unit for February, to be reflected in March bills and recovered in April 2026. This would replace the Rs1.63 per unit FCA for January, which was recovered in March, implying only a marginal net impact. During the hearing, industry representatives including Aamir Sheikh, Rehan Javed, Arif Bilwani, and Tanveer Barry raised questions regarding pricing mechanisms, the potential impact of the Middle East conflict on energy costs, the non-availability of the combined-cycle Guddu plant, closure of Neelum-Jhelum, and the growing circular debt. Chief Executive Officer of CPPA-G, Rihan Javed, informed the regulator that fuel prices in February remained relatively low, including RLNG and imported coal. He added that the upcoming Quarterly Tariff Adjustment (QTA) is expected to be negative by Rs2.79 per unit. “There is no significant variation in fuel prices for February and even March despite regional tensions, but the impact may be felt in the coming months,” he said. Responding to queries, he noted that while the region is facing a war-like situation and RLNG supplies are already under force majeure at lower prices, imported coal supplies remain unaffected as they originate from South Africa and Indonesia. On circular debt, he said that financing has not yet been fully disbursed due to certain conditions. “Once the entire amount raised from banks is released, the circular debt stock will decline,” he added. He further clarified that the Debt Service Surcharge (DSS) of Rs3.23 per unit, aimed at retiring circular debt, will not extend beyond the estimated recovery period. Tanveer Barry, representing KCCI, argued that the FCA could have been negative by 36 paisa had the reference tariff not been revised from Rs8.74 to Rs6.73 per unit, which resulted in a positive adjustment of Rs1.64. He cited data from PPMC, that circular debt increased from Rs1.689 trillion to Rs1.9 trillion during July–December 2025-26. He added that the government has borrowed Rs1.275 trillion to manage the debt, while consumers are paying Rs3.23 per unit as DSS over the next five years. “If circular debt is not reduced, future generations will continue to bear this burden,” he warned, adding that potential disruptions in gas, RLNG, and coal supplies due to the conflict could raise the risk of load shedding, even in industrial and previously exempted areas. However, Chief Financial Officer of PPMC, Naveed Qaiser, said any decision regarding load shedding in the current situation would be taken in consultation with stakeholders. He noted that the industry has already been given relief of around Rs19 per unit, including taxes, with the current tariff standing at 12.43 cents per unit. He explained that April bills will reflect the FCA for February, while March figures are also expected to remain stable, as only 25 percent of power generation relies on imported fuels linked to Brent crude. He emphasised that both the government and the regulator are working to shield consumers from the impact of global conflicts. “Our tariff benchmark was based on USD70 per barrel, which has now risen to USD113, but due to an 11 percent increase in generation, there has been no major spike in electricity prices,” he said. Qaiser observed that energy prices in May 2026 would likely remain similar to recent months due to the government’s incremental package and close monitoring of the situation. “All categories of consumers, including industry, can be reassured that there will not be any significant increase in tariffs,” he added. He further stated that the circular debt stock stood at Rs1.77 trillion as of January 2026, while February figures are yet to be reconciled with the regulator. He acknowledged that seasonal factors and delays in subsidy payments are the main drivers of the increase, adding that the fiscal year is expected to close at Rs1.614 trillion. Industry representatives reiterated concerns that despite assurances, tariffs effectively increased after rebasing from January 1, 2026, due to changes in reference values. They noted that the February reference value was revised by Rs2 per unit (Rs8.735 vs Rs6.73), ensuring a higher FCA regardless of actual generation. They also sought clarity on the FCA from April 1, 2026, as it is critical for business planning. Additionally, NEPRA was urged to resolve issues with Pakistan Railways to ensure uninterrupted coal supply to the 1,500MW Sahiwal coal-fired power plant. Aamir Sheikh proposed aligning the FCA mechanism with the QTA framework, suggesting that both adjustments should be applied simultaneously instead of with a lag of two to three months. This, he argued, would help industry better forecast costs and pricing. He further suggested that both FCA and QTA for a given month should be charged on future consumption, enabling exporters to plan and price their goods more effectively. NEPRA Member (Tariff & Finance), Amina Ahmed, said there is currently no direct impact of the conflict on energy prices. However, she added that the Independent System and Market Operator (ISMO) has been tasked with providing forward estimates, particularly regarding RLNG availability. “We are assessing future fuel scenarios, including possible supply shortfalls and alternative fuels. While we cannot share details at this stage, industry will be informed in due course,” she said. Rehan Javed of FPCCI stated that industry has contributed an additional Rs590 billion to the government and called for a review of the tariff mechanism to benefit consumers who have increased their electricity usage. Officials further revealed that captive power plants consumed 607 million units in February 2026—an 81 percent increase compared to 335 million units in February 2025. It was further noted that industrial electricity consumption rose by 43 percent under the incremental package, while agricultural consumption increased by 35 percent. Arif Bilwani raised concerns regarding curtailment of wind power, the combined-cycle 747MW Guddu power plant, the closure of the 696MW Neelum-Jhelum Hydropower Project, and future generation from RLNG-fired plants. Officials from the Power Division and NEPRA did not respond to his queries, prompting him to question whom he should approach for answers. Copyright Business Recorder, 2026 [...]

Petroleum prices, targeted subsidy modalities: Provinces and Centre evaluate circumstances

April 1, 2026 2:27

ISLAMABAD: A high-level meeting involving the federal government and the top political leadership of the provinces on petroleum prices and targeted subsidy modalities was held Tuesday at the Finance Division under the chairmanship of the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb. The Finance Minister, in his opening remarks, welcomed the participants and highlighted that the meeting was a continuation of ongoing consultations started under the guidance of the top political leadership for developing a coordinated and sustainable approach to petroleum pricing and subsidy reforms. He underscored the importance of collaborative decision-making and maintaining close coordination between the Federation and the provinces. The forum held a comprehensive discussion on the transition from generalized subsidy mechanisms towards more targeted and efficient support frameworks. Various proposals and perspectives were shared by the provincial governments, reflecting their respective administrative capacities, data availability, and socioeconomic considerations. Participants deliberated on different approaches to ensuring that any support measures are directed towards vulnerable segments of society while maintaining fiscal prudence and minimizing market distortions. The discussion also covered potential mechanisms for subsidy delivery, including the use of existing databases, digital platforms, and cash transfer systems. The meeting further emphasized the importance of transparency, accountability, and effective governance structures in the design and implementation of any future subsidy arrangements. The need for a coordinated national approach, alongside flexibility for provincial execution, was also highlighted during the deliberations. It was agreed that a working framework outlining the broad contours of a possible targeted subsidy mechanism will be developed and shared with all stakeholders for further input. The provinces will continue to refine their proposals in light of the discussions, with a view to reaching a consensus-based and practical solution. The Finance Minister appreciated the constructive engagement of all participants and reiterated the Government’s commitment to protecting vulnerable groups while ensuring economic stability. Copyright Business Recorder, 2026 [...]

WTI, June Brent crude futures settle down

April 1, 2026 1:59

HOUSTON: Brent futures for June delivery settled down more than USD3 on Tuesday following unconfirmed media reports that Iran’s president said the country was ready to end the war, assuming some guarantees were put into place. The Brent May contract was on track for a record monthly gain but it expired on Tuesday, with liquidity dropping as investors move their exposure to the more liquid June contract. Traded volumes for May futures were 18,652 lots, some 30 times lower than June. The Brent June contract settled down USD3.42 at USD103.97 per barrel, dropping after media reports, including from Bloomberg, that Iranian President Masoud Pezeshkian said Iran is ready to end the war but wants guarantees. READ MORE: Brent crude adds to record monthly gains with another surge Brent crude futures for May settled up $5.57, or 4.94 percent, at USD118.35 per barrel, while US crude futures settled down USD1.50 or 1.46 percent at USD101.38. Front-month Brent futures hit a record monthly gain of 64 percent in March, according to LSEG data dating back to June 1988. US benchmark West Texas Intermediate has gained around 52 percent in the month, its biggest jump since May 2020. “Once again the trap door under this market opened up with the alleged statement from the Iranian president, if there is an immediate end to hostilities then we know the Strait (of Hormuz) can be reopened and supply will come back on to the market, taking out a lot of the risk premium that has been built up in prices,” said John Kilduff, partner at Again Capital. The international benchmark has steadily risen over the last four weeks as the Iran war has escalated, with attacks across energy infrastructure throughout the Gulf that have resulted in the worst-ever oil-and-gas supply disruption. OPEC’s oil output plunged in March by 7.3 million barrels per day on a month-over-month basis to 21.57 million bpd, its lowest level since the height of the COVID-19 pandemic in June 2020, a Reuters survey found, amid forced export cuts.The market has vacillated throughout the month, with a series of dips each time US President Donald Trump suggests the military operation may be de-escalated - only to resume its upward path due to the supply impairment caused by Iran’s threats against vessels transiting the key Strait of Hormuz, the artery used to ship one-fifth of the world’s oil and gas. “With crude now in triple digits, price action is being driven less by new disruptions and more by expectations around intervention and supply response timing,” analysts at energy consulting firm Gelber and Associates said in a note. Trump has suggested other countries should intervene to open the strait, a move European nations have not wanted to take until hostilities cease. The US has removed sanctions on barrels from Russia and pledged reserve releases with a group of other nations, but those measures will only offset the supply loss for a limited period of time. “With the oil market’s remaining buffers gradually being consumed, the market’s vulnerability to a prolonged closure of (Hormuz) means that we are moving closer to physical oil shortages across a wider geographic scope, and the upward momentum for oil prices is likely to strengthen further,” said Lin Ye, a vice president for commodities markets and oil at Rystad Energy. [...]

World Backup Day: Users urged to make regular backups & restore info on Window devices

April 1, 2026 1:59

ISLAMABAD: On the World Backup Day, an international cybersecurity company recommended most popular ways to store important data and allow users to make regular backups and restore information on Windows devices. Kaspersky revealed on Tuesday the most popular ways to store important data and gives practical advice on how to keep it safe. Research shows that zoomers and millennials keep nearly everything electronically, while almost one-in-three respondents over 55 years old still prefer good old-fashioned paper. Research conducted by Kaspersky’s Market Research center shows 84 percent respondents claim they store sensitive personal data like ID, financial details, healthcare related info or photo archive in electronic format. When it comes to digital data storage, 56 percent say they keep their important records on a computer or the hard drive, 45 percent use cloud solutions and 20 percent entrust their data to government digital services. Each storage method has its own advantages and limitations. Physical media can be lost or suffer damage, external hard drives are not always convenient to use on the go and cloud services, while being accessible, are vulnerable to unauthorized access. To maximize digital data security, Kaspersky experts advise adhering to the following best practice recommendations: According to Kaspersky’s data, 98 percent of respondents use quick-to-remember passwords to safeguard their personal data. Relying solely on simple passwords leaves your digital vaults vulnerable to brute-force attacks, that’s why experts recommend enabling two-Factor Authentication (2FA) wherever it is available or adopting passkey technology. Passkeys can be stored securely in a password manager and accessed seamlessly from any authorized device. Continuously remembering to perform backups can be cumbersome. To streamline the process, enable the built-in backup service on every device you use (e.g. iCloud for iPhone/iPad/Mac, Google Drive/OneDrive for Android/Windows). Test it once a month or two by restoring a single file, just to be sure the backup works. Kaspersky Premium allows users to make regular backups and restore information on Windows devices. Backup copies of data can be easily saved on removable drives or in cloud storage in an encrypted format. Copyright Business Recorder, 2026 [...]

Mojtaba Khamenei is in Iran: Russian envoy

April 1, 2026 2:49

MOSCOW: Iran’s Supreme Leader Mojtaba Khamenei is in the country but is refraining from making public appearances “for understandable reasons”, the RTVI news outlet quoted Russia’s ambassador to the country as saying on Tuesday. Mojtaba replaced his father, Ayatollah Ali Khamenei, who was killed when Israel and the United States launched their war on Iran more than a month ago. The US has said it believes Mojtaba himself is wounded and likely disfigured. Russia has close ties with Iran, with which it signed a strategic partnership treaty last year. [...]

CCP imposes Rs265m penalty on two cable companies

April 1, 2026 2:46

Pakistan, China release ‘five-point initiative’

April 1, 2026 2:39

ISLAMABAD: Pakistan and China on Tuesday released a ‘Five-Point Initiative’ for restoring peace and stability in the Gulf and Middle East in the wake of the US-Israel-Iran war, calling for immediate cessation of hostilities and the commencement of peace talks as soon as possible, the Foreign Office (FO) said in a statement. Member of the Political Bureau of the CPC Central Committee and the Minister of Foreign Affairs of the People’s Republic of China, Wang Yi, and Deputy Prime Minister/Foreign Minister of the Islamic Republic of Pakistan, Senator Mohammad Ishaq Dar, met in Beijing on 31 March to review the situation in the Gulf and Middle East region, the statement added. According to the proposed five-point initiative, both China and Pakistan called for immediate cessation of hostilities and utmost efforts to prevent the conflict from spreading, urging that humanitarian assistance must be allowed to all war-affected areas. They have stressed that sovereignty, territorial integrity, national independence, and security of Iran and the Gulf states should be safeguarded. “Dialogue and diplomacy are the only viable options to resolve conflicts. China and Pakistan support the relevant parties in initiating talks, with all parties committing to the peaceful resolution of disputes, and refraining from the use or the threat of use of force during peace talks,’’ they added. The proposed plan suggested that principle of protecting civilians in military conflict should be observed with China and Pakistan call on parties to the conflict to immediately stop attacks on civilians and non-military targets, and fully adhere to International Humanitarian Law (IHL), and stop attacking important infrastructure, including energy, desalination and power facilities, and peaceful nuclear infrastructure, such as nuclear power plants. The Strait of Hormuz, together with its adjacent waters, is an important global shipping route for goods and energy. Both countries have called on the warring parties to protect the security of ships and crew members stranded in the Strait of Hormuz, allow the early and safe passage of civilian and commercial ships, and restore normal passage through the Strait as soon as possible, the initiative emphasized. China and Pakistan also called for taking pragmatic efforts to practice true multilateralism, to jointly strengthen the primacy of the United Nations, and to support the conclusion of an agreement for establishing a comprehensive peace framework and realizing lasting peace based on the purposes and principles of the UN Charter and international law. Deputy Prime Minister and Foreign Minister, Ishaq Dar, arrived in Beijing on a day-long visit on Tuesday. Upon arrival, he was received by the Foreign Minister of China, Wang Yi, at the Diaoyutai State Guesthouse for their bilateral meeting. Meanwhile, Pakistan and China reaffirmed their unwavering commitment to further strengthening the All-Weather Strategic Cooperative Partnership, emphasising on advancing high-quality development, deepening economic and strategic cooperation, including CPEC 2.0, and enhancing high-level exchanges and collaboration across all domains. Deputy Prime Minister and Foreign Minister Senator Ishaq Dar on Tuesday met with Wang Yi, Member of the Political Bureau and Minister of Foreign Affairs, in Beijing. According to a Foreign Office statement, the meeting was held in an exceptionally warm and cordial atmosphere, featuring hours of engagement from restricted talks to delegation-level discussions. The two sides reviewed the full spectrum of bilateral relations, exchanged views on regional developments in West Asia, and discussed a wide range of issues of mutual interest. As Pakistan and China commemorate the 75th anniversary of diplomatic relations this year, both sides have agreed to further deepen bilateral relations in all spheres. On the evolving situation in West Asia, both sides underscored their shared commitment to peace, stability, and dialogue, and issued a Five-Point Initiative aimed at promoting regional peace and stability. Foreign Minister Wang Yi appreciated Pakistan’s constructive and consistent diplomatic efforts in this regard. The two sides also reaffirmed their close coordination at multilateral fora and agreed to remain in regular and close contact. The visit once again reflected the enduring warmth, mutual trust, and iron-clad friendship that define Pakistan-China relations. Copyright Business Recorder, 2026 [...]

Aurangzeb meets KP CM: Resolution of all legitimate issues pledged

April 1, 2026 2:37

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with the Chief Minister of Khyber Pakhtunkhwa, Sohail Afridi, at the Finance Division on Tuesday. The meeting was held in a cordial and constructive atmosphere. The CM Afridi apprised the Finance Minister of various economic and financial issues being faced by the province. The Finance Minister assured the CM of his full support for the resolution of all legitimate issues and reaffirmed the federal government’s commitment to facilitating provincial governments in addressing their financial challenges. Copyright Business Recorder, 2026 [...]

Govt provides Rs129bn in relief to the masses: PM

April 1, 2026 2:35

ISLAMABAD: In an effort to shield ordinary citizens from rising fuel costs, Prime Minister Shehbaz Sharif said on Tuesday that the government had provided Rs129 billion in relief to prevent an increase in oil prices, funding the measures through development budget cuts, efficiency improvements, and conservation initiatives. Speaking at a high-level meeting on the implementation of measures for the supply chain, conservation, and rational use of petroleum products amid Middle East crises, Sharif said offering relief to the masses remained the “topmost priority” of his administration. The meeting reviewed initiatives aimed at supporting low-income groups in light of the current economic and energy situation. The prime minister directed relevant ministries to submit final proposals on relief measures for low-income groups and the rational use of petroleum products, following consultations with provincial governments. He also called for strict action against smuggling and the illegal hoarding of petroleum products, warning that such practices not only drive up prices but also undermine the government’s efforts to ensure a steady supply for ordinary consumers. Sharif noted that over the past three weeks, the federal government had taken “significant measures” to ease the burden on low-income groups, emphasising that efforts to support vulnerable citizens would continue. As a result of timely government decisions, he added, adequate quantities of petroleum products were available to meet national demand. Officials briefed the meeting on progress in implementing conservation and efficiency measures, noting that the demand, supply, and entire supply chain of petroleum products were being closely monitored through a digital dashboard. The meeting was attended by Federal Minister for Information and Broadcasting AttaullahTarar, Minister of Petroleum Ali Pervez Malik, Federal Minister for IT Shiza Fatima, Minister of Power Division Awais Leghari, Economic Affairs Minister Ahad Cheema, Adviser to the PM on Privatisation Muhammad Ali, Minister of State for Finance Bilal Kiani, and other senior officials. Copyright Business Recorder, 2026 [...]

July–Feb: Consumers provided Rs46.56bn relief: PD

April 1, 2026 2:31

FCA: industry says will opt for closure

April 1, 2026 2:29

Petroleum prices, targeted subsidy modalities: Provinces and Centre evaluate circumstances

April 1, 2026 2:27

WTI, June Brent crude futures settle down

April 1, 2026 1:59

World Backup Day: Users urged to make regular backups & restore info on Window devices

April 1, 2026 1:59

Chinese envoy for advancing upgraded phase-2 of CPEC

April 1, 2026 1:50

ISLAMABAD: Chinese Ambassador Jiang Zaidong reaffirmed that Pakistan and China remain committed to advancing the upgraded Phase-2 of the China-Pakistan Economic Corridor (CPEC) and said that their cooperation is now expanding into new areas such as agriculture, mining, and social development. The Chinese Ambassador expressed these views while addressing the Annual Awards Ceremony for Outstanding Pakistani and Chinese Staff of CPEC Projects 2026, hosted by the Ministry of Planning, Development, and Special Initiatives here on Tuesday. The Annual Awards Ceremony recognised the exceptional contributions of professionals from both countries working across CPEC projects nationwide. READ MORE: Pakistan, China jointly moving towards upgraded phase of cooperation under CPEC 2.0: CG He highlighted strong growth in agricultural trade, increasing mineral exports, and ongoing collaboration across the full value chain to translate Pakistan’s resource potential into economic value. He also underscored the importance of livelihood-focused initiatives, including health, education, and community-level development projects, reflecting a shift toward small but impactful interventions that directly benefit local populations and strengthen people-to-people ties. Addressing the gathering, Federal Minister Ahsan Iqbal highlighted that CPEC has played a transformative role in strengthening Pakistan’s energy security, infrastructure, and connectivity, while laying the foundations of a modern economic architecture. He said that with 43 projects worth approximately USD 25 billion completed and nearly 9,000 MW added to the national grid, Pakistan has made significant progress in overcoming longstanding structural challenges. He emphasized that CPEC is now entering Phase II, marking a strategic shift from infrastructure development to industrialization, innovation, and inclusive growth. He outlined that CPEC Phase-2 is being advanced through a comprehensive Five-Year Action Plan (2025–2029), aligned with Pakistan’s URAAN Pakistan framework, and structured around key priority areas including industrial development through Special Economic Zones, digital and technological collaboration under the Digital Silk Road, renewable energy and climate resilience, people-centred livelihood initiatives, and enhanced regional connectivity. The Minister further highlighted the growing role of the private sector in driving the next phase of CPEC, noting increasing investment momentum and expanding opportunities in exports, value-added industries, and human capital development, including initiatives such as the proposed China–Pakistan Knowledge Corridor. Dr Nadeem Javaid, Vice Chancellor of PIDE, congratulated the award recipients and emphasized the central role of human capital in development, noting that the success of CPEC is ultimately driven by the dedication, skill, and perseverance of its workforce. Chairman of the China Chamber of Commerce in Pakistan, Wang Huihua, extended heartfelt congratulations to the award recipients and reaffirmed that the partnership between Pakistan and China will continue to grow stronger, driven by mutual trust, shared objectives, and deepening practical cooperation across sectors. A key highlight of the ceremony was the recognition of outstanding Pakistani and Chinese staff whose professionalism and commitment have significantly contributed to the successful implementation of CPEC projects, reflecting the strength of the bilateral partnership. Two important signings were also held during the ceremony, including the signing of the minutes of the 14th Joint Cooperation Committee (JCC) meeting of CPEC, and the signing of the Acceptance Certificate for Provision of Solar Home Systems, Intelligent Ground Meteorological Observation Station, and Integrated Cloud-Based Early Warning Supporting (EWS) System Under China–Pakistan South–South Cooperation for Climate Change Response by the Ministry of Ecology and Environment of the People’s Republic of China to the Ministry of Planning, Development and Special Initiatives of the Islamic Republic of Pakistan. The ceremony also featured a cake-cutting to commemorate the 75th anniversary of diplomatic relations between Pakistan and China, symbolizing the enduring and time-tested partnership between the two countries. The event concluded with the award distribution ceremony, where Professor Ahsan Iqbal and Jiang Zaidong jointly presented awards to outstanding Pakistani and Chinese staff, recognizing their valuable contributions to the continued success of CPEC projects. The ceremony was graced by Federal Minister for Planning, Development and Special Initiatives, Professor Ahsan Iqbal, as the Chief Guest, alongside the Ambassador of the People’s Republic of China to Pakistan, Jiang Zaidong, as Guest of Honour. Dr Nadeem Javaid, Vice Chancellor of the Pakistan Institute of Development Economics (PIDE), Chairman of the China Chamber of Commerce in Pakistan, Wang Huihua, members of the Planning Commission, and other senior officials were also in attendance. Copyright Business Recorder, 2026 [...]

FC soldier martyred in terrorist attack

April 1, 2026 1:04

PESHAWAR: A Federal Constabulary (FC) soldier was martyred in a terrorist attack on a security check post in Central Orakzai district on Tuesday. Official sources said the attack targeted Kundi Mushti check post, where militants opened fire on security personnel. During the assault, a sniper shot resulted in the martyrdom of Sepoy Zeeshan, who was serving in the Orakzai Scouts, 231 Wing. Security officials stated that the forces responded promptly and effectively, forcing the attackers to flee under the cover of darkness. Following the incident, a joint search and clearance operation has been launched in the area by police and security forces to track down the perpetrators. [...]

LESCO moves to promote AMI smart meters

April 1, 2026 1:04

LAHORE: The Lahore Electric Supply Company (LESCO) has made a significant progress towards modernizing its power distribution system by initiating the implementation of Advanced Metering Infrastructure (AMI) smart meters, aimed at providing consumers with improved, transparent, and technology-driven services. According to LESCO authorities, in line with the adoption of modern technology, conventional static meters are now being replaced with single-phase AMI smart meters, priced at Rs 11,665 per meter. Official details reveal, during the fiscal year 2024–25, single-phase static meters were being procured at an approximate cost of Rs. 4,500 per unit. The LESCO officials said that a direct comparison between the two types of meters is not appropriate due to significant differences in technology and functionality. Previously, consumers were purchasing AMI smart meters privately at prices exceeding Rs. 20,000. Through a transparent and competitive tendering process, LESCO has successfully reduced the cost to Rs. 11,665 per meter, marking a major relief for consumers, the officials added. The package offered by LESCO includes the base meter cost of Rs. 11,665 along with up to 10 meters of service cable. The total cost of the package is estimated at approximately Rs. 17,700. In cases where the required cable length exceeds 10 meters, additional charges will be applied based on actual costs. Copyright Business Recorder, 2026 [...]

Israel says to occupy swathe of south Lebanon after war

April 1, 2026 1:04

BEIRUT: Israel’s Defence Minister Israel Katz on Tuesday said the military would occupy a swathe of southern Lebanon even after the end of the war against Hezbollah, as warplanes carried out fresh strikes on Beirut’s southern suburbs. Katz’s statement was not the first Israeli declaration signalling an intention to occupy parts of the south, but it was the clearest since the Middle East war spread to Lebanon on March 2. Also on Tuesday, AFPTV’s live broadcast showed a strike hitting Beirut’s southern suburbs, long a bastion of Hezbollah. The Israeli military said it “has begun to strike Hezbollah terrorist infrastructure in Beirut”. It also renewed its strikes on Lebanon, particularly the country’s south, with Israeli troops carrying out ground incursions in border areas. The Iran-backed militant group drew Lebanon into the war by launching attacks on Israel to avenge Israel’s killing of Iran’s supreme leader Ayatollah Ali Khamenei. Israel has responded with broad strikes across Lebanon and a ground offensive. “At the end of the operation, the IDF will establish itself in a security zone inside Lebanon, on a defensive line against anti-tank missiles, and will maintain security control over the entire area up to the Litani,” Katz said in a video statement published by his ministry. He was referring to a river that flows around 30 kilometres (20 miles) from the border. He also said the return of hundreds of thousands of displaced Lebanese would be “completely prevented” until northern Israel’s security was ensured. Katz added that “all the houses in the villages adjacent to the border in Lebanon will be demolished in accordance with the Rafah and Beit Hanoun model in Gaza, in order to remove once and for all the border-adjacent threats from the residents of the north”. Israeli forces devastated Rafah and Beit Hanoun during their two-year war against Hamas in Gaza, triggered by the Palestinian Islamist movement’s attack against southern Israel in October 2023. Lebanese authorities say more than 1,200 people have been killed since the hostilities began, with more than one million others displaced. [...]

PSX among worst global performers as KSE-100 drops 15pc in 1Q

April 1, 2026 1:04

KARACHI: Pakistan’s equity market witnessed a sharp correction in the first quarter of 2026 after three consecutive years of strong gains, with the benchmark KSE-100 Index declining around 15 percent during the period amid persistent selling pressure and geopolitical uncertainty. The downturn placed the Pakistan Stock Exchange (PSX) among the worst-performing global markets in the quarter, alongside bourses in India and Indonesia, according to international market data. Market performance deteriorated significantly in March, which proved to be one of the most adverse months for equities in recent years. The KSE-100 Index plunged by 19,319 points on a month-on-month basis, translating into a decline of 11.5 percent, to close at 148,743 points at the end of the month. READ MORE: Sell-off deepens PSX losses for 4th straight Monday The index opened March at 152,717 points and briefly rallied to an intra-month high of 161,475 points before heavy selling drove it down to a low of 144,119 points, highlighting heightened volatility and investor nervousness throughout the period. Analysts attributed the sharp decline to a combination of external and domestic factors, including geopolitical tensions, higher global oil prices, and cautious investor activity during the holy month of Ramadan. Continued foreign outflows and subdued local participation further compounded the pressure on share prices. Despite some supportive macroeconomic indicators, including a current account surplus in February and steady monetary policy, risk aversion dominated market behaviour, leading to broad-based declines across key sectors. Average daily trading volumes during March fell to around 487 million shares, marking a decline of roughly 37 percent compared to February, while average traded value dropped nearly 30 percent month-on-month to about USD 99 million, reflecting a significant pullback in market participation. Market data also showed net foreign selling during the month, particularly in banking and cement stocks, while local mutual funds and insurance companies provided partial support through selective buying. The first-quarter slide comes after the PSX delivered robust returns over the previous three years, making the recent correction more pronounced as investors moved to lock in profits and reassess valuations in light of evolving macroeconomic and geopolitical risks. Analysts expect market direction in the coming months to remain closely tied to developments in global commodity markets, progress on external financing, and the domestic political environment, all of which will play a critical role in shaping investor confidence and capital flows. Copyright Business Recorder, 2026 [...]

Punjab by-polls: Notices served on minister, SAPM for 'violating' election code of conduct

November 21, 2025 1:33

This collage of pictures show Federal Minister of Power Sardar Awais Ahmad Khan Leghari and Special Assistant to the Prime Minister Huzaifa Rehman. —APP/NA website/FileShow-cause notices have been issued to Minister for Power Sardar Awais Ahmad Khan Leghari and Special Assistant to the... [...]

27th Amendment empowers FCC to hear all constitutional cases: minister

November 20, 2025 7:59

Minister of State for Law and Justice Barrister Aqeel Malik addressing an event on December 21, 2024. — Facebook@BarristerAqeelMalikState Minister for Law Aqeel Malik said on Thursday that the 27th Amendment has vested authority to hear constitutional matters in the Federal Constitutional... [...]

JF-17 attracts strong attention at Dubai Airshow as friendly country inks procurement MoU

November 20, 2025 5:25

Pakistan Air Force JF-17 Thunder fighter jet during World Defence Air Show 2024 held in Riyadh, Saudi Arabia, February 7, 2024. — PPI Pakistan's JF-17 Thunder garnered significant attention at the Dubai Airshow 2025, leading to the signing of a memorandum of understanding with a... [...]

US lawmakers laud Punjab govt's initiative to modernise brick-kiln

November 20, 2025 4:39

Punjab Chief Minister Maryam Nawaz attends ceremony in this undated image. — Facebook/@MaryamNSharifISLAMABAD: The Congressional Pakistan Caucus has applauded Punjab’s drive to modernise its brick-kiln sector, saying the reforms could serve as a pilot for eliminating bonded labour and... [...]

Security forces gun down 30 terrorists in multiple IBOs in KP: ISPR

November 20, 2025 4:38

Frontier Constabulary and army personnel gather stand guard in Kurram, January 17, 2025. — AFPSecurity forces killed 30 Indian proxy Fitna al-Khawarij terrorists during multiple intelligence-based operations carried out by security forces in Khyber Pakhtunkhwa , the military's media wing... [...]

MQM-P calls for new province in Sindh

November 20, 2025 3:56

Muttahida Qaumi Movement-Pakistan Convener Khalid Maqbool Siddiqui addresses a press conference in Karachi, November 20, 2025. — Screengrab via YouTube/Geo NewsKARACHI: With discussions on the 28th Amendment gaining momentum, the Muttahida Qaumi Movement–Pakistan has once again... [...]

US report validates Pakistan military edge over India: PM

November 20, 2025 3:55

Prime Minister Shehbaz Sharif addresses ceremony in Azad Jammu and Kashmir on November 20, 2025. — X/@GovtofPakistanPrime Minister Shehbaz Sharif on Thursday said a recent US report endorsing Pakistan’s downing of Indian aircraft stands as formal validation of the country’s... [...]

Banned TTP poses serious threat to Pakistan security: UNSC panel

November 20, 2025 10:24

Denmark’s Deputy Permanent Representative to United Nations and chair of UNSC's ISIL, Al-Qaeda Sanctions Committee Sandra Jensen Landi. — Screengrab via UN WebTV websiteThe chair of the United Nations Security Council's Daesh and Al-Qaeda Sanctions Committee has cautioned that the... [...]

CM Afridi clarifies remarks on by-poll after ECP requests army deployment

November 20, 2025 10:01

Khyber Pakhtunkhwa Chief Minister Sohail Khan Afridi addresses a gathering at Havelian, Abbottabad on November 19, 2025. — Facbook@ImMuhammadSohailAfridiISLAMABAD: Khyber Pakhtunkhwa Chief Minister Sohail Afridi on Thursday issued a clarification concerning his remarks on the NA-18 by-poll,... [...]

Dubai sees 3.2m Pakistani passengers in 2025 as airport sets new milestone

November 20, 2025 6:16

People sit at a coffee shop as they wait for their flight at the Dubai International Airport, in Dubai, United Arab Emirates, April 17, 2024. — ReutersDUBAI: Dubai International Airport handled 3.2 million passengers travelling from Pakistan in the first nine months of 2025, making the... [...]

Security forces kill 23 Indian proxy terrorists in KP's Kurram

November 20, 2025 5:08

Security forces are seen taking position during an operation. — ISPR/FileRAWALPINDI: Amid country's ongoing fight against the menace of terrorism, security forces have neutralised 23 Indian proxy Fitna al-Khawarij terrorists in separate engagements in Khyber Pakhtunkhwa's Kurram... [...]

Pakistan to construct island to boost oil exploration: report

November 19, 2025 6:26

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas United States. — Reuters/FilePakistan's state-owned energy company, Pakistan Petroleum Limited , has announced plans for an artificial island to boost its oil exploration efforts.Islamabad has intensified its... [...]

Russia ready to mediate Pakistan's issues with India, Afghanistan: envoy

November 19, 2025 6:14

Russia's ambassador to Pakistan has extended his country's offer to mediate Islamabad's conflicts with India and Afghanistan, amid strained relations with its neighbouring countries.Islamabad's relations with India have remained tense since the four-day war in May, while the Afghan Taliban regime... [...]

Security forces neutralise four terrorists in KP IBOs

November 19, 2025 5:12

Soldiers ride on a Pakistan Army vehicle in this undated image. — AFP/FileFour terrorists affiliated with Indian proxy, Fitna al-Khawarij, were killed in a series of operations across Khyber Pakhtunkhwa from November 17 to 18, the Inter-Services Public Relations said on Wednesday.An... [...]

Reclassification of 41 candidates on reserved seats goes beyond SC mandate: Justice Mandokhail

November 19, 2025 4:38

Supreme Court's Justice Jamal Khan Mandokhail addresses an event related to Labour Day in Islamabad on May 1, 2025. — Screengrab/YouTube/Geo NewsISLAMABAD: Justice Jamal Khan Mandokhail has released a detailed dissent in the reserved seats case, stating that the ruling on 41 candidates... [...]

Kristi Noem hit by husband Bryon's cross-dressing photos after Corey Lewandowski 'affair'

March 31, 2026 10:46

Kristi Noem, former Department of Homeland Security secretary, has responded to allegations her husband, Bryon Noem, is a cross-dresser.Speaking to The New York Post, Kristi's camp said she is "devastated" and "blindsided." Kristi Noem "Ms. Noem is devastated. The family was... [...]

Charlie Kirk killing: Bullet match confusion explained

March 31, 2026 8:00

US conservative activist Charlie Kirk, an influential ally of President Donald Trump, was shot dead in September 2025 while speaking at a Utah university.Video clips of the killing posted online showed Kirk addressing a large outdoor crowd on the campus, when a gunshot rang out. Kirk moved his... [...]

Piers Morgan don't understand Scott Mills scandal

March 31, 2026 1:35

Piers Morgan said in a statement Scott Mills gets instantly fired over same thing?Outspoken journalist Piers Morgan has reacted to Scott Mills scandal, saying he does not understand it.Taking to X, formerly Twitter handle, Morgan tweeted, “I don’t understand this Scott Mills scandal.... [...]

Why NASA Artemis II mission matters for Trump's 'America First' vision

March 31, 2026 12:02

Why NASA Artemis II mission matters for Trump’s ‘America First’ visionNASA’s much-awaited Artemis II mission is scheduled for Wednesday, April 1, 2026, highlighting humanity's first trip to the Moon after more than 50 years of wait.Artemis II mission is not just a simple... [...]

China moves to ban 'bone ash apartments' to regulate burial practices

March 31, 2026 11:55

China moves to ban ‘bone ash apartments’ to regulate burial practicesThe rise of bone ash apartments in China has led to a government crackdown on the practice due to skyrocketing burial costs and cemetery shortages. Families are increasingly pursuing or using empty residential... [...]

Russia cracks down on VPNs as internet censorship tightens

March 31, 2026 9:32

Russia cracks down on VPNs as internet censorship tightens Russia has further cracked down on Virtual Private Networks in a new censorship drive, aiming to restrict people’s access to the internet and major social media platforms. According to Russia’s digital minister, the... [...]

Trump open to ending war without reopening Strait of Hormuz: Here's why

March 31, 2026 8:49

Trump open to ending war without reopening Strait of Hormuz: Here’s whyThere has been a lot of activity regarding the high-stakes military and economic crises in the Middle East involving the U.S., Israel and Iran.Iran attacked and set fire to the Al-Salmi, a Kuwait-flagged crude oil tanker... [...]

Charlie Kirk case: Tyler Robinson's lawyers request delay for preliminary hearing

March 31, 2026 6:29

Charlie Kirk case: Tyler Robinson’s lawyers request delay for preliminary hearingIn a surprising turn of events, defense attorneys for Taylor James Robinson-the man accused of assassinating activist Charlie Kirk-have formally requested a delay for his preliminary hearing. Originally... [...]

Charlie Kirk highway plan blocked by Arizona governor as political tensions flare over tribute bill

March 31, 2026 6:09

Plans to name a highway after Charlie Kirk in Arizona have been blocked, after Governor Katie Hobbs vetoed the proposal, prompting a political dispute.According to the Associated Press, the legislation sought to rename part of Loop 202 in the Phoenix area after Kirk, a conservative activist who... [...]

Canada Post home delivery ends as losses force major shift to community mailboxes

March 31, 2026 4:58

Canada Post is set to phase out door-to-door delivery across the country, as part of a major reform plan aimed at restoring financial stability.The move will see around four million addresses converted to community mailboxes over several years completing a transition that has been underway for... [...]

Train derailment in St. Catharines causes transit disruption and road blockage in Niagara region

March 31, 2026 4:34

A train derailment in St. Catharines is under investigation after multiple railcars left the tracks, disrupting local transport services.CN Railway confirmed that 13 railcars derailed near Glendale Avenue and Keele Street on Monday morning. Emergency crews and railway officials were sent to the... [...]

Air Canada employee charged over cannabis trafficking attempt at Toronto airport

March 31, 2026 3:46

An Air Canada employee has been charged following an alleged drug trafficking attempt involving passenger luggage tags at a major airport, according to Royal Canadian Mounted Police.Police said the investigation began on February 19 at Toronto Pearson International Airport, where officers were... [...]

Iran AWACS aircraft strike could weaken us surveillance and early warning systems, analysts warn

March 31, 2026 3:31

The destruction of a US airborne radar aircraft in a reported Iranian strike could significantly weaken American surveillance capabilities, analysts have told CNN.Images verified by CNN show a damaged E-3 Sentry aircraft at Prince Sultan Air Base in Saudi Arabia, with its radar dome and tail... [...]

Electric car Skoda Peaq unveiled as largest SUV yet with 600 km range and first-time features

March 31, 2026 3:01

Skoda is preparing to launch its largest electric car to date, as the upcoming Peaq SUV moves closer to production.The new model, first previewed as the Vision 7S concept in 2022, will sit at the top of Skoda’s electric range above the Enyaq and Elroq. It will be offered in both five and... [...]

Scott Mills Reddit thread erupts as mystery over BBC abrupt firing grows

March 30, 2026 12:53

Scott Mills Reddit theories exploded after BBC sacked him without giving official reasonScott Mills, a veteran BBC presenter, suddenly received his marching orders after being sacked from the network for reasons yet to be made public, and in response, his fans-made Reddit page... [...]

اے پی این ایس جنرل کونسل کو پرنٹ میڈیا کے ابتر حالات پر گہری تشویش

March 31, 2026 6:03

آل پاکستان نیوز پیپرز سوسائٹی کی جنرل کونسل نے پرنٹ میڈیا کے ابتر حالات پر گہری تشویش کا اظہار کیا ہے۔اے پی این ایس ہاؤس کراچی میں... [...]

مردان: ماربل مائننگ کے دوران لینڈ سلائیڈنگ، 8 مزدور جاں بحق

March 31, 2026 6:03

فائل فوٹومردان کے علاقے ننگ آباد میں ماربل مائننگ کے دوران لینڈ سلائیڈنگ کے باعث پہاڑی تودہ گرنے سے متعدد مزدور ملبے تلے دب... [...]

لاہور میں کالے بادلوں نے شام کردی، بارش سے موسم خوش گوار، بجلی نظام درہم برہم

March 31, 2026 6:03

لاہور میں کالے بادلوں نے شام میں رات کردی۔ موسلادھار بارش، آندھی اور ژالہ باری سے موسم خوش گوار مگر بجلی کا نظام درہم برہم... [...]

رواں ماہ مہنگائی 7.5 فیصد سے 8.5 فیصد کے درمیان رہنے کی توقع ہے، وزارت خزانہ

March 31, 2026 4:03

وزارت خزانہ نے ماہانہ اکنامک آؤٹ لک رپورٹ جاری کر دی۔ رپورٹ کے مطابق رواں ماہ مہنگائی 7.5 فیصد سے 8.5 فیصد کے درمیان رہنے کی توقع ہے،... [...]

کراچی: دودھ کی قیمت میں فی لیٹر 20 روپے اضافہ کردیا گیا

March 31, 2026 3:03

فوٹو: فائلکراچی میں دودھ مہنگا کردیا گیا، ایک لیٹر دودھ کی قیمت 20 روپے بڑھ گئی۔اس حوالے سے جاری نوٹیفکیشن کے مطابق 20 روپے اضافے کے... [...]

نقیب اللہ قتل کیس: سابق ایس ایچ او سمیت 7 ملزمان کو ضمانت پر رہا کرنے کا حکم

March 31, 2026 1:03

نقیب اللہ محسود۔نقیب اللہ قتل کیس میں سابق ایس ایچ او امان اللہ سمیت 7 ملزمان کو ایک ایک لاکھ روپے میں ضمانت پر رہا کرنے کا حکم دے... [...]

چین اور پاکستان کا مشرقِ وسطیٰ میں امن و استحکام کی بحالی کیلئے 5 نکاتی مشترکہ اقدام

March 31, 2026 1:03

نائب وزیراعظم اور وزیر خارجہ اسحاق ڈار چین کے وزیر خارجہ وانگ ژی سے بیجنگ کے اسٹیٹ گیسٹ ہاؤس میں ملاقات کر رہے ہیں - فوٹو: پی آئی... [...]

فیصل آباد: میڈیکل طالبہ پر تشدد کرنیوالے تاجر کو قید و بھاری جرمانے کی سزا

March 31, 2026 1:03

علامتی تصویر۔فیصل آباد میں ایڈشنل سیشن کورٹ نے میڈیکل کی طالبہ پر تشدد کیس کا فیصلہ سنا دیا۔ عدالت نے تاجر کو مجموعی طور پر 14 سال 9... [...]

اسلام آباد: نجی تعلیمی اداروں میں تدریسی سرگرمیاں بحال کرنے کا فیصلہ

March 31, 2026 1:03

فوٹو: فائلاسلام آباد میں نجی تعلیمی اداروں میں تدریسی سرگرمیاں بحال کرنے کا فیصلہ کرلیا گیا۔ آئی سی ٹی کے پرائیویٹ تعلیمی ادارے یکم... [...]

کفایت شعاری، بچت اقدامات سے عام آدمی کو 129 ارب کا ریلیف دیا، وزیراعظم شہباز شریف

March 31, 2026 1:03

وزیراعظم شہباز شریف۔فوٹو: فائلوزیراعظم شہباز شریف نے کہا ہے کہ کفایت شعاری اور بچت کے مختلف اقدامات کے ذریعے عام آدمی کو 129 ارب روپے... [...]

ایران پاکستان کی فعال سفارتی کوششوں کا خیرمقدم کرتا ہے: ایرانی سفیر

March 31, 2026 1:03

پاکستان میں ایران کے سفیر رضا امیری مقدم نے کہا ہے کہ ایران پاکستان کی خیرسگالی پر مبنی فعال سفارتی کوششوں کا خیرمقدم کرتا ہے۔اپنے... [...]

پہلے بانی کی ملاقاتیں بند کیں، اب بشریٰ بی بی کی بھی بند کر دی ہیں، بیرسٹر گوہر

March 31, 2026 12:03

بیرسٹر گوہر علی خان۔چیئرمین پی ٹی آئی بیرسٹر گوہر علی خان نے کہا کہ جو لوگ ملاقاتوں میں رکاوٹ ہیں ان کو عوام کے جذبات کا خیال نہیں،... [...]

گنگا رام اسپتال لاہور کے بلڈ بینک میں سیکیورٹی گارڈ کے خون کے نمونے لینے کی ویڈیو

March 31, 2026 11:03

فائل فوٹو۔گنگا رام اسپتال لاہور کے بلڈ بینک میں سیکیورٹی گارڈ کے خون کے نمونے لینے کی ویڈیو سامنے آئی ہے۔میڈیکل سپرنٹنڈنٹ گنگا رام... [...]

تاجر عامر اعوان کے قتل میں ملوث ملزمان گرفتار، گینگ کا تعلق کے پی سے ہے: طلال چوہدری

March 31, 2026 11:03

اسلام آباد میں امن و امان کی صورتحال بہت بہتر ہے، طلال چوہدری - فوٹو: اسکرین گریبوزیر مملکت برائے داخلہ طلال چوہدری نے کہا ہے کہ اسلام... [...]

اسکول، کالجز اور جامعات میں تدریسی عمل کل سے بحال ہو جائے گا: شرجیل میمن

March 31, 2026 10:03

تصویر، جیو نیوز اسکرین گریبسندھ کے سینئر وزیر شرجیل میمن نے کہا ہے کہ اسکول، کالجز اور جامعات میں تدریسی عمل کل سے بحال ہو جائے... [...]

امریکی صدر ٹرمپ کل قوم سے خطاب کریں گے

April 1, 2026 1:04

امریکی صدر ٹرمپ کل امریکی قوم سے خطاب کریں گے، وائٹ ہاوس کے مطابق صدر ٹرمپ ایران جنگ پر اہم اپ ڈیٹ دیں گے۔ترجمان وائٹ ہاؤس کیرولین... [...]

آبنائے ہرمز میں مختلف ممالک کے 3 ہزار جہاز پھنسے ہوئے ہیں

April 1, 2026 12:04

ایران پر مسلط امریکا اور اسرائیلی جنگ کے سبب آبنائے ہرمز میں مختلف ممالک کے تین ہزار جہاز پھنسے ہوئے ہیں، نقل وحمل کی قیمت دو سو فیصد... [...]

مہنگائی کا مقابلہ کرنے کیلئے تنخواہوں میں اضافہ کر رہے ہیں، برطانوی وزیر اعظم

April 1, 2026 12:04

ایران پر مسلط جنگ کے سبب دنیا بھر میں بڑھتی مہنگائی کا مقابلہ کرنے کے لیے برطانیہ میں شہریوں کی تنخواہوں میں اضافے، توانائی بلوں میں... [...]

پاسداران کا سعودیہ میں امریکی پائلٹوں اور لڑاکا طیاروں کے عملے پر بڑے حملے کا دعویٰ

March 31, 2026 11:04

فائل فوٹوپاسدارانِ انقلاب ایران نے سعودی عرب میں امریکی پائلٹوں اور لڑاکا طیاروں کے عملے پر بڑے حملے کا دعویٰ کیا ہے۔ بریگیڈئیر... [...]

روس کا فوجی ٹرانسپورٹ طیارہ گر کر تباہ، 29 افراد ہلاک

March 31, 2026 11:04

فائل فوٹوروس کا فوجی ٹرانسپورٹ طیارہ کریمیا میں گر کر تباہ ہوگیا، حادثے میں عملے کے 6 ارکان سمیت 29 افراد ہلاک ہوگئے۔خبر رساں اداروں... [...]

رئیر ایڈمرل علی رضا تنگسیری کی میت بندر عباس سے تہران منتقل

March 31, 2026 9:04

ایرانی بحریہ کے شہید رئیر ایڈمرل علی رضا تنگسیری کی میت بندر عباس سے تہران منتقل کی جارہی ہے جہاں انہیں پورے اعزاز کے ساتھ سپرد خاک... [...]

امریکا دو سے تین ہفتوں میں ایران سے نکل جائے گا، ڈونلڈ ٹرمپ

March 31, 2026 9:04

فوٹو: اسکرین گریبامریکی صدر ڈونلڈ ٹرمپ نے کہا ہے کہ امریکا دو سے تین ہفتوں میں ایران سے نکل جائے گا، ممکنہ طور پر اس سے پہلے ڈیل ہو... [...]

یورپی کمیشن کی شہریوں کو گھروں سے کام کرنے کی ہدایت

March 31, 2026 8:04

فائل فوٹویورپی کمیشن نے ممکنہ توانائی بحران کے باعث شہریوں کو گھروں سے کام کرنے کی ہدایت کردی ہے۔یورپی میڈیا کے مطابق یورپ میں بسے... [...]

اماراتی ایئرلائن نے ایرانیوں کی انٹری اور ٹرانزٹ پر پابندی لگادی

March 31, 2026 8:04

فائل فوٹواماراتی ایئرلائن نے ایرانی شہریوں کی انٹری اور ٹرانزٹ پر پابندی لگادی۔امریکی اخبار کے مطابق ایرانی شہریوں کو امارات میں... [...]

ایران امریکا اور اسرائیل سے جنگ ختم کرنے کو تیار ہے، مسعود پزشکیان

March 31, 2026 8:04

ایرانی صدر مسعود پزشکیان نے کہا ہے ایران امریکا اور اسرائیل سے جنگ ختم کرنے کو تیار ہے، لیکن ایران چاہتا ہے کہ یہ گارنٹی دی جائے کہ... [...]

وٹکوف کی جانب سے براہِ راست پیغامات موصول ہو رہے ہیں، عراقچی

March 31, 2026 7:04

ایرانی وزیر خارجہ عباس عراقچی کا کہنا ہے امریکی نمائندہ خصوصی وٹکوف کی جانب سے براہِ راست پیغامات موصول ہو رہے ہیں۔خلیجی میڈیا سے... [...]

لبنان میں مزید 4 اسرائیلی فوجی ہلاک، تعداد 10 ہوگئی

March 31, 2026 6:03

فوٹو: فائللبنان میں حزب اللّٰہ سے جھڑپوں میں 4 اسرائیلی فوجی ہلاک ہوگئے ہیں۔اسرائیلی فوج نے اعراف کیا ہے کہ لبنان میں مارے جانے والے... [...]

امریکی طیارہ بردار بحری جہاز یو ایس ایس جارج ڈبلیو بش مشرق وسطیٰ روانہ

March 31, 2026 6:03

یو ایس ایس جارج ڈبلیو بش۔ فوٹو: فائلامریکی طیارہ بردار جنگی بحری جہاز یو ایس ایس جارج ڈبلیو بش مشرق وسطیٰ روانہ ہوگیا۔امریکی میڈیا کی... [...]

ایران جنگ زیادہ عرصہ نہیں چلے گی، ڈونلڈ ٹرمپ

March 31, 2026 6:03

امریکی صدر ڈونلڈ ٹرمپ۔فوٹو: فائلامریکی صدر ڈونلڈ ٹرمپ نے کہا کہ ایران جنگ زیادہ عرصہ نہیں چلے گی، ہم وہاں زیادہ عرصے تک نہیں رہیں... [...]

بغداد میں غیرملکی خاتون صحافی کو اغوا کرلیا گیا

March 31, 2026 5:03

فوٹو: فائل۔اے ایف پیعراق کے دارالحکومت بغداد میں غیر ملکی خاتون صحافی کو اغوا کرلیا گیا۔عراقی وزارت داخلہ نے ایک بیان میں بتایا کہ... [...]

رواں ماہ مہنگائی 7.5 فیصد سے 8.5 فیصد کے درمیان رہنے کی توقع ہے، وزارت خزانہ

March 31, 2026 4:03

ایل پی جی کی نئی قیمت فی کلو 304 روپے 12 پیسے مقرر

March 31, 2026 2:03

لیکویفائیڈ پیٹرولیم گیس کی نئی قیمت فی کلو 304 روپے 12 پیسے مقرر کردی گئی۔نوٹیفکیشن کے مطابق ایل پی جی کی نئی قیمتوں کا اطلاق یکم اپریل... [...]

ایف بی آر کی جانب سے رجسٹرڈ کاروباری افراد کیلئے انوائس میں غلطی کو درست کرنے کا طریقہ کار جاری

March 31, 2026 11:03

رجسٹرڈ کاروباری افراد کیلئے انوائس میں غلطی کو درست کرنے کا طریقہ کار جاری کر دیا گیا۔ فیڈرل بورڈ آف ریونیو کے اعلامیہ کے مطابق... [...]

سونے کی قیمت میں اضافے کا سلسلہ جاری

March 31, 2026 8:03

—فائل فوٹوپاکستان بھر کی صرافہ مارکیٹوں میں سونے کی قیمتیں پھر بڑھنے لگیں۔آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن کے مطابق... [...]

پاکستان اسٹاک ایکسچینج میں تیزی، 100انڈیکس میں نمایاں اضافہ، ڈالر کی قدر میں معمولی کمی

March 31, 2026 4:03

---فائل فوٹو پاکستان اسٹاک ایکسچینج میں آج کاروباری دن کے آغاز سے مثبت رجحان دیکھا جا رہا ہے۔پاکستان اسٹاک ایکسچینج میں آج صبح... [...]

عالمی منڈی میں خام تیل کی قیمتیں بلند سطح پر مستحکم

March 31, 2026 3:03

—فائل فوٹوعالمی منڈی میں خام تیل کی قیمتیں بلند سطح پر مستحکم رہنے کا سلسلے جاری ہے۔غیر ملکی میڈیا کے مطابق برینٹ خام تیل 113 اور... [...]

ملک میں پیٹرول وافر، ڈیزل کے ذخائر 23 سے 24 دن کے موجود ہیں، وزارت خزانہ

March 30, 2026 3:03

فائل فوٹو وزیر خزانہ کی زیر صدارت پیٹرول پرائس مانیٹرنگ کمیٹی اجلاس میں بتایا گیا کہ ملک میں ڈیزل کے ذخائر 23 سے 24 دن کیلئے کافی ہیں،... [...]

پاکستان میں سونے کی قیمتوں کی اونچی اڑان جاری

March 30, 2026 7:03

پاکستان اسٹاک ایکسچینج میں بدترین مندی

March 30, 2026 6:03

پاکستان اسٹاک ایکسچینج میں کاروباری ہفتے کے پہلے دن شدید مندی دیکھی جا رہی ہے۔100 انڈیکس کاروبار کے دوران 5957 پوائنٹس کی کمی کے... [...]

آسٹریلیا میں ایندھن کی قیمتوں میں کمی کا بڑا فیصلہ

March 30, 2026 6:03

آسٹریلوی وزیر اعظم انتھونی البانیز — فائل فوٹو آسٹریلوی وزیرِ اعظم انتھونی البانیز نے ملک میں ایندھن کی قیمتوں میں کمی کا بڑا فیصلہ... [...]

ایران جنگ: عالمی توانائی بحران شدید، تیل کی قیمت 116 ڈالرز فی بیرل سے متجاوز

March 30, 2026 5:03

---فوٹو بشکریہ بین الاقوامی میڈیا عالمی منڈی میں خام تیل کی قیمتوں میں تیزی سے اضافہ دیکھنے میں آیا ہے جبکہ ایران اور امریکا کے درمیان... [...]

ایشیائی اسٹاک ایکسچینجز میں منفی رجحان برقرار

March 30, 2026 4:03

---فائل فوٹوایشیائی اسٹاک ایکسچینجز میں منفی رجحان برقرار ہے، جہاں اہم مارکیٹس میں نمایاں کمی ریکارڈ کی گئی۔جاپان کا نکئی انڈیکس 4... [...]

پاکستان میں سونا ایک بار پھر مہنگا ہو گیا

March 28, 2026 9:03

—فائل فوٹوپاکستان بھر کی صرافہ مارکیٹوں میں سونے کی قیمتوں میں آج اضافہ ہو گیا۔آل پاکستان صرافہ جیمز اینڈ جیولرز ایسوسی ایشن کے... [...]

4 روزہ کاروباری ہفتہ، پاکستان اسٹاک ایکسچینج میں 2 دن تیزی 2 دن مندی رہی

March 28, 2026 3:03

—فائل فوٹو4 روزہ کاروباری ہفتے کے دوران پاکستان اسٹاک ایکسچینج میں 2 دن تیزی اور 2 دن مندی کا رجحان دیکھا گیا۔کاروباری ہفتے کے دوران... [...]

آج سے مٹی کا تیل 4 روپے 66 پیسے فی لیٹر مہنگا

March 27, 2026 8:03

آج سے مٹی کا تیل 4 روپے 66 پیسے فی لیٹر مہنگا کر دیا گیا۔مٹی کے تیل کی نئی قیمت 433 روپے 40 پیسے فی لیٹر ہوگئی، نوٹیفکیشن جاری کردیا گیا۔... [...]

Here are 12 top tech-themed stock picks from UBS analysts

April 1, 2026 2:49

The investment bank has “high conviction” in Amazon’s growth potential — with AWS estimates that are far above what investors may be expecting. [...]

‘She has taken my inheritance’: My mom bullied my grandmother to change her will and physically abused her. What can we do?

April 1, 2026 1:13

“I believe my mom caused her physical injury and abused her on multiple occasions.” [...]

A wild first quarter comes to an end: 6 charts that defined a chaotic stretch for stocks

April 1, 2026 12:23

Last-day gains didn’t stop the S&P 500 from tallying its worst first quarter since 2022 as the Iran conflict, private-credit worries and the AI ‘scare trade’ weighed on stocks in March. [...]

Nike expects more falling sales, as stock sinks amid worries turnaround is not working

April 1, 2026 12:14

Nike reported quarterly results that were a bit better than Wall Street’s expectations, but investors still didn’t appear convinced of the sneaker giant’s turnaround efforts. [...]

‘I was shoveling sidewalks at 8 years old’: I’m a 73-year-old boomer dad with two kids. Here’s what I teach them about finance

April 1, 2026 12:11