Pakistan’s telecom regulator has drafted a National Disaster Telecommunication Plan to strengthen emergency response and disaster management, highlighting the role of networks during crises As per the documents, the Pakistan Telecommunication Authority has forwarded the draft plan to the Ministry of Information Technology and Telecommunication for approval following consultations. Once approved, the plan will serve…
Gold prices in Pakistan remained unchanged on Friday, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Association today for domestic markets. The price of 24-karat gold per tola stood at Rs 482,462, while 10 grams of 24-karat gold was recorded at Rs 413,633 without any change. The rate of 10 grams…
The Special Assistant to the Prime Minister (SAPM) on Industries and Production, Mr. Haroon Akhtar Khan, held a meeting with prominent Pakistani industrialist and business leader Mr. SM Tanveer, along with his delegation, to discuss the country’s economic policies and the prevailing economic situation. During the meeting, detailed discussions were held on national economic policies,…
The federal government has approved amendments to the Import Policy Order 2022, banning vehicle imports under the personal baggage scheme and tightening rules for overseas Pakistanis. Under the revised policy, vehicles can now be imported only through the Transfer of Residence Scheme or as gifts, ending the option of personal baggage imports. The changes were…
The Competition Commission of Pakistan (CCP) has approved two interconnected merger transactions that are part of a broader global restructuring involving Toyota Motor Corporation, Daimler Truck AG, Hino Motors Limited, and Mitsubishi Fuso Truck and Bus Corporation (MFTBC). Together, they form a single integrated business restructuring aimed at consolidating and jointly managing the commercial vehicle…
Energy sector reforms are showing measurable results, with electricity distribution losses and circular debt reduced during the last fiscal year, according to official government documents. Electricity distribution companies, or DISCOs, recorded losses of Rs397 billion, which is Rs242 billion lower than the Rs649 billion ceiling set by the International Monetary Fund. Officials attribute the reduction…
Oil Companies Advisory Council (OCAC) has expressed serious concerns over the regulator’s failure to implement the government’s decision to raise margins of oil companies and called for full recovery of investment on digitization. In a letter to the Chairman OGRA, OCAC stated that it wishes to place on record the industry’s serious concern regarding the…
Chairman Pakistan Economic Policy and Business Development (EPBD) Think Tank and former caretaker Federal Minister for Commerce, Industry and Production Gohar Ejaz has termed the growing cross-subsidy burden on industrial consumers a “death warrant” for Pakistan’s industry, cautioning that persistently high energy prices are eroding competitiveness, forcing consumers off the grid and undermining exports. In…
Wheat prices have surged across Punjab including Lahore rising by up to Rs700 per maund within 10 days triggering higher flour prices and public concern. Market sources said wheat in Lahore rose from Rs3,700 per maund to around Rs4,400–4,450 during 10 days reflecting sharp increases across the local grain market. In Rawalpindi wheat prices climbed…
Federal Minister for Petroleum Ali Pervaiz Malik chaired a meeting today with senior officials of Sui Northern Gas Pipelines Limited (SNGPL), Sui Southern Gas Company (SSGC), and the Oil and Gas Regulatory Authority (OGRA) to review the gas supply situation amid increased demand due to severe cold weather. Taking serious notice of the gas supply…