Author: Admin

CM Sindh, WB President align on jobs-first growth, water security, human development

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LARKANA (February 4th, 2026): World Bank Group President Ajay Banga, Sindh Chief Minister Syed Murad Ali Shah, and Mrs Ajay Banga pose for a photograph with flood-affected women displaying land titles for their newly reconstructed houses in Bahwal Jat village.

KARACHI (Feb 4): Sindh Chief Minister Syed Murad Ali Shah held an in-depth meeting with World Bank Group President Mr Ajay to align Sindh’s development priorities with the World Bank’s jobs-first global strategy and Pakistan’s 10-year Country Partnership Framework (CPF 2026–2035).Welcoming the World Bank delegation, the Chief Minister acknowledged the Bank’s continued support in achieving Sindh Vision 2030, noting that active World Bank–funded projects in Sindh currently total $ 3.86 billion across multiple sectors. He emphasised that the CPF is fully aligned with Sindh’s long-term development roadmap.The meeting was attended…

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Wafi Energy Pakistan conducts free eye camp for Retailers in collaboration with LRBT

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collaboration with LRBT

Karachi, Pakistan, February 04, 2026 – Wafi Energy Pakistan Limited (WEPL) organized an eye camp for its retailers in partnership with Layton Rahmatulla Benevolent Trust (LRBT), providing free eye screening to help ensure healthy eyesight among the retailer community.As part of its ongoing community outreach initiatives, WEPL continues to collaborate with trusted healthcare partners like LRBT to deliver accessible medical services to communities where it operates.Commenting on the initiative, Zubair Shaikh, Chief Executive Officer of Wafi Energy Pakistan Limited, said: “Wafi is committed to being a responsible neighbour, contributing to…

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Petroleum Product Sales Rise 10pc in January

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petroleum-group

KARACHI: Sales of petroleum products climbed to 1.52 million tonnes in January 2026, marking a 10 per cent year-on-year (YoY) increase and a 12 per cent rise compared with December, according to industry data. Analysts attributed the annual growth to signs of economic recovery, easing inflation and improved enforcement against fuel smuggling. The month-on-month (MoM) increase was largely driven by lower petrol and diesel prices and a low base effect following a nationwide strike in December 2025 that disrupted sales for nearly 10 days. During the first seven months of…

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Pakistan Seeks Two-Year Extension in Saudi Oil Facility

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Pak-Saudi

ISLAMABAD: Pakistan has formally requested Saudi Arabia for a two-year extension of the Saudi Oil Facility (SOF) following the expiry of the existing $1.2 billion arrangement, official sources told The News on Tuesday. According to senior officials, Islamabad has sought the extension to cover the remaining period of the ongoing International Monetary Fund (IMF) programme and is awaiting a formal response from Riyadh. The current SOF, under which Saudi Arabia provides oil on deferred payment terms amounting to $100 million per month, is set to expire next month. While the…

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Aurangzeb Assures KP of Support on NFC Releases, Fiscal Issues

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Muhammad-Aurangzeb

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday assured the Khyber Pakhtunkhwa government of the federal government’s support regarding National Finance Commission (NFC) releases and related fiscal matters during a meeting with KP Chief Minister’s Adviser on Finance, Muzamil Aslam. The meeting, attended by senior officials from the Finance Division and the Khyber Pakhtunkhwa government, focused on a range of fiscal and development issues, including the timely release of funds for merged districts, financing needs for rehabilitation programmes, and support for temporarily displaced persons. The KP…

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