Pakistan is set to make its debut in China’s onshore bond market by issuing yuan-denominated bonds valued at up to 1.75 billion yuan, equivalent to approximately $257 million. This marks the country’s first foray into issuing bonds in China’s local currency, reflecting a strategic move to diversify its financing sources amid global economic challenges. The…
Bank Alfalah has introduced a new interest-free instalment scheme for select Honda motorcycles, making bike ownership more accessible for credit cardholders throughout Pakistan. This financing option is part of the “Step-By-Step” programme launched in collaboration with Atlas Honda, one of the country’s leading motorcycle manufacturers. Under this scheme, eligible buyers can opt for either three-month…
In an effort to stabilize Pakistan’s economy and manage fuel imports more effectively, the federal government has placed restrictions on private oil marketing companies (OMCs) from importing High-Speed Diesel (HSD) independently. Under this new policy, only the state-owned Pakistan State Oil (PSO) will be allowed to serve as the primary importer of diesel. The decision,…
Pakistan is making renewed efforts to restart a stalled $6 billion plan aimed at upgrading the country’s oil refineries, according to recent government developments. The initiative, which has been on hold since June 2024, is critical to the modernization of the local refining sector and the country’s energy security. The refinery upgrade plan involves major…
The United States government is considering stringent new measures against citizens who fail to meet court-ordered child support payments, including the possible revocation of passports for those with substantial arrears. According to reports, the administration of former President Donald Trump has approved a policy that would allow the U.S. Department of State to coordinate with…
The Sindh Excise, Taxation, and Narcotics Control Department has announced a temporary relaxation on the mandatory seller biometric verification requirement for vehicle ownership transfers. This exemption is effective until June 30, 2026, and aims to facilitate the transfer process for vehicle buyers across the province. Officially notified on May 6, 2026, the relaxation allows buyers…
Bitcoin recently surged to a three-month peak, prompting an increase in profit-taking among investors following the cryptocurrency’s latest price rally. Julio Moreno, Head of Research at CryptoQuant, noted that Bitcoin holders realized profits of approximately 14,600 BTC worth nearly $1.1 billion in a single day. This marks the highest level of daily profit-taking since December…
The federal government has announced a significant increase in fuel prices, raising petrol by Rs14.92 per litre and high speed diesel (HSD) by Rs15 per litre. This revision, effective from May 9, brings the new price of petrol to Rs414.78 per litre while high speed diesel will cost Rs414.58 per litre. The Petroleum Division confirmed…
Toyota is accelerating its electric vehicle (EV) development globally but maintains that hybrids continue to be crucial, especially in markets like Pakistan. The automotive giant’s strategy reflects a balanced approach that supports multiple vehicle technologies, including hybrids, plug-in hybrids, battery electric vehicles, hydrogen, and traditional petrol engines. According to recent reports, Toyota’s global EV sales…
The global upstream oil and gas sector experienced a significant decline in deal value in March 2026, according to industry data from Rystad Energy. Despite a steady number of transactions, the total deal value plummeted to $5.55 billion from $32 billion in February, underscoring growing market uncertainty amid fluctuating oil prices. While the volume of…