A committee led by the finance minister has dropped the top candidate shortlisted by the HR committee of board of directors National Investment Trust Limited (NITL) and picks low-reanking and low ranking candidates to head the company. Sources said that the HR&RC Chairman of board of NITL that the Committee decided to recommend three candidates…
The gold prices in Pakistan are set to rise further as the metal prices on Tuesday went up 1.5 percent in the global market. The gold prices in Pakistan are linked with gold prices in the international market. The domestic gold prices had already touched record increase. Now, the recent tension in the gulf region…
Pakistani oil consumers are set to face further increase in oil prices from the next fortnight on March 15, 2026 as the prices in the international market witnessed an increase again on Tuesday due to the widening U.S.-Israeli conflict. Pakistan takes a huge chunk of oil supplies from Saudi Arabia under a long term arrangement….
The government is set to seek consent of the International Monetary Fund (IMF) to end tariff subsidies aimed at easing the burden on the national exchequer and industrial consumers. The government also plans to cut average electricity tariff aimed at increasing the consumption of electricity by the consumers after it had hit the solar net…
Risk premium pushes gas and gasoline higher amid supply fears in key export routes. Escalating tensions around the Strait of Hormuz are driving fresh gains in global gas and gasoline prices as traders factor in potential supply disruptions from the Gulf region. Gasoline benchmarks have climbed sharply this week as markets price the risk of…
As the futures trading of precious metals continues at the Pakistan Mercantile Exchange (PMEX), it may start the first trading of agricultural products in coming months. Khurrum Zafar, CEO PMEX, here on Monday said that all necessary formalities related to trading of rice, maize and sugar have been completed.“The trading of rice is scheduled for…
Multiple television channels, websites and mobile applications came under coordinated cyberattacks,on Sunday prompting the National Computer Emergency Response Team (National CERT) to launch a formal investigation. The main attack happened at the state owned satellite of the country Pak-Sat, as a result several tv channels suffered transmission issues. Read More: Cabinet approves National Cyber Security…
Islamabad — The Oil and Gas Regulatory Authority (OGRA) has reduced the price of Liquefied Petroleum Gas (LPG) for March 2026, lowering the cost of an 11.8 kg domestic cylinder by Rs2.52. According to an official notification, the LPG consumer price has been set at Rs2,664.88 per 11.8 kg cylinder for March, compared to Rs2,667.40…
LUCK, BWCL and FCCL drove over half of cement sector earnings in 2QFY26, with Lucky Cement alone contributing 25% as lower finance costs and higher other income supported year-on-year growth despite weaker quarterly momentum. Pakistan’s cement sector remained profitable in 2QFY26, led by Lucky Cement, Bestway Cement and Fauji Cement, which jointly accounted for 52%…
ISLAMABAD: The Competition Commission of Pakistan (CCP) has released a comprehensive report, “The Road to Fair Competition – A Study of Pakistan’s Automobile Industry,” highlighting structural and regulatory challenges in the sector and recommending wide-ranging reforms, including a long-term policy roadmap, improved vehicle financing, and removal of regulatory distortions to foster competition and efficiency. The…