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The Power Division on Saturday refuted a report that claimed that the government had cancelled the power-generation comp...
29/08/2026

The Power Division on Saturday refuted a report that claimed that the government had cancelled the power-generation component of Diamer-Bhasha Dam.

Diamer-Bhasha Dam, located on the Indus River near Gilgit-Baltistan. It is set to have a gross water storage capacity of 8.1 MAF and an installed power generation capacity of 4,500 megawatts.

In a post on X on Saturday, the energy ministry’s Power Division termed the report by Brief, a reader-supported publication, as “fake news”.

Read more: https://www.dawn.com/news/2025942

The government on Tuesday raised the price of petrol by Rs1.12 per litre and that of high-speed diesel (HSD) by Rs1.11 p...
25/08/2026

The government on Tuesday raised the price of petrol by Rs1.12 per litre and that of high-speed diesel (HSD) by Rs1.11 per litre.

Following the revision, petrol will retail at Rs343.10 per litre while HSD will cost Rs371.80 per litre. The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel.

According to a Petroleum Division notification, the new prices will be applicable on Aug 26 and 27.

Read more: https://www.dawn.com/news/2025238

The government on Monday raised the price of petrol by Rs0.39 per litre and that of high-speed diesel (HSD) by Rs2.40 pe...
24/08/2026

The government on Monday raised the price of petrol by Rs0.39 per litre and that of high-speed diesel (HSD) by Rs2.40 per litre.

Following the revision, petrol will retail at Rs341.98 per litre while HSD will cost Rs370.69 per litre. The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per litre on diesel.

According to the Petroleum Division’s notification, the new prices will be applicable on August 25.

Read more: https://www.dawn.com/news/2025039

In view of recent supply disruptions following the closure of the Strait of Hormuz, the government on Monday formally ap...
24/08/2026

In view of recent supply disruptions following the closure of the Strait of Hormuz, the government on Monday formally approved allowing foreign fuel suppliers to establish bonded storage facilities in Pakistan at their own expense for multiple purposes, including re-export and supplies to the domestic market.

Subject to formal ratification by the federal cabinet, the new policy guidelines on “Import on Foreign Supplier’s Account through Customs Bonded Storage Facilities” will come into force immediately. The guidelines have been pending since June 2023.

The guidelines were approved at a meeting of the federal cabinet’s Economic Coordination Committee (ECC), chaired by Finance Minister Muhammad Aurangzeb.

Read more: https://www.dawn.com/news/2025018

Global ratings agency Moody’s on Monday upgraded Pakistan’s sovereign credit rating to B3 from Caa1 and maintained a sta...
24/08/2026

Global ratings agency Moody’s on Monday upgraded Pakistan’s sovereign credit rating to B3 from Caa1 and maintained a stable outlook, citing governance improvement expectations and easing external and fiscal vulnerabilities.

“The upgrade to B3 reflects our expectations that improvements in governance will allow the government to sustain the recent improvements in the country’s external position and strengthen fiscal metrics”, Moody’s said in an announcement.

Pakistan’s external vulnerability risks have eased further since its last rating action in August 2025 at Caa1, with foreign exchange reserves building steadily, supported by sustained macroeconomic stabilisation, it said.

Read more: https://www.dawn.com/news/2024988

The United States imposed 50 per cent tariffs on some ‌Canadian goods on Saturday after the two longstanding allies fail...
22/08/2026

The United States imposed 50 per cent tariffs on some ‌Canadian goods on Saturday after the two longstanding allies failed to reach a trade deal, with each side accusing the other of derailing days of talks.

The tariffs that came into effect just after midnight (0400 GMT) on some $20 billion of Canadian goods — things like wooden ice hockey sticks that are rarely used anymore — are far ​from an economic game-changer for the largest US trading partner after Mexico. That represents just over 5pc of Canada’s exports to ​the US.

But the new tariffs mark an increase in tensions between President Donald Trump and Prime Minister Mark Carney, ⁠and will likely make broader talks to renew the US-Mexico-Canada free trade agreement more difficult.

Read more: https://www.dawn.com/news/2024554

The Ministry of Commerce has reviewed proposals to develop a secure, integrated and AI-enabled digital ecosystem for tra...
22/08/2026

The Ministry of Commerce has reviewed proposals to develop a secure, integrated and AI-enabled digital ecosystem for trade, aimed at safeguarding data exchange, building local cloud infrastructure and accelerating digital transformation.

Commerce Minister Jam Kamal Khan held separate meetings with representatives of the Pakistan Digital Authority (PDA) and Sky47 management to review various proposals.

The meetings focused on treating government data as a national asset, strengthening Pakistan’s sovereign cloud and data-centre infrastructure, enabling secure data exchange, and utilising artificial intelligence for evidence-based trade and export policymaking.

Read more: https://www.dawn.com/news/2024459

Syrian Foreign Minister Asaad Hassan al-Shaibani on Thursday proposed establishing a Pakistan-Syria Joint Business Counc...
21/08/2026

Syrian Foreign Minister Asaad Hassan al-Shaibani on Thursday proposed establishing a Pakistan-Syria Joint Business Council to facilitate direct interaction between the business communities of the two countries.

The proposal, among others, was made during a meeting between the Syrian minister and Pakistan’s Commerce Minister, Jam Kamal Khan, during which the two sides discussed avenues for deepening economic cooperation for expanding bilateral trade and investment.

Read more: https://www.dawn.com/news/2024214

In a first, the International Finance Corporation (IFC), the World Bank’s commercial arm, and Bank Alfalah on Thursday s...
21/08/2026

In a first, the International Finance Corporation (IFC), the World Bank’s commercial arm, and Bank Alfalah on Thursday signed a $100 million financing under the Diversified Payment Rights (DPR) Programme.

The financing agreement was signed at the Ministry of Finance by Momina Aijazuddin, the IFC’s Regional Industry Director, Financial Institutions Group for Middle East & Central Asia, and Atif A. Bajwa, President & CEO of Bank Alfalah Ltd. Finance Minister Muham­mad Aurangzeb presided over the signing ceremony.

“The initial transaction envisages up to $100m of financing under the DPR structure. Subject to market conditions and the performance of the initial transaction, the programme may provide a platform for further financing and broader participation by international institutional and private investors,” the Ministry of Finance said.

Read more: https://www.dawn.com/news/2024213

Speaking to the media, Finance Minister Muhammad Aurangzeb said Pakistan had formally sought a US Exchange Stabilisatio...
20/08/2026

Speaking to the media, Finance Minister Muhammad Aurangzeb said Pakistan had formally sought a US Exchange Stabilisation Support Facility as part of efforts to strengthen the rupee, stabilise foreign exchange reserves and reduce reliance on repeated loan rollovers.

He said negotiations with the United States were under way and Pakistan expected a response from the US Treasury or US Exim Bank by the end of September 2026.

The request, reported to be for $10 billion, is aimed primarily at signalling confidence in Pakistan’s currency and external-sector stability rather than serve as a conventional loan.

Read more: https://www.dawn.com/news/2024052

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