PSX Among Worst Global Performers Amid Inflation, Geopolitical Pressures

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KARACHI: Pakistan’s equity market has emerged as one of the weakest globally in early 2026, weighed down by rising inflation and intensifying geopolitical tensions, according to a report by Topline Securities Ltd. Data showed that the benchmark KSE-100 Index posted a negative return of 14.6% in US dollar terms during 3QFY26, placing Pakistan among the bottom three performing markets worldwide. Other regional markets also struggled, with India and Indonesia recording even steeper declines of 19.4% and 19%, respectively. In contrast, frontier markets such as Ghana, Oman, and Nigeria led global…

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Fuel Price Shock Triggers Industry Alarm, Calls for Emergency Relief Measures

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KARACHI: A sharp surge in fuel prices has sparked serious concern across Pakistan’s business community, with industry leaders warning of rising production costs, declining export competitiveness, and potential economic disruption. Amid escalating global oil prices linked to tensions in the Middle East, representatives of the Federation of Pakistan Chambers of Commerce and Industry have urged the government to declare an economic emergency and temporarily suspend the Petroleum Development Levy (PDL) to provide immediate relief to businesses and consumers. FPCCI President Atif Ikram Sheikh cautioned that the textile and manufacturing sectors…

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Centre Accelerates Energy Conservation Drive, Reports Rs20bn Savings Under Power Package

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ISLAMABAD: As part of efforts to curb rising electricity costs, the federal government is considering limiting commercial activities to daytime hours, alongside other energy conservation measures. The move comes amid growing concerns over increasing power tariffs driven by expensive fuel sources. Power Minister Awais Leghari stated that consultations are underway with provincial governments to revise market timings and implement strategies aimed at reducing electricity consumption. He emphasized that under the leadership of Shehbaz Sharif, the government is committed to shielding consumers from escalating power prices. Highlighting the impact of the…

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Govt Orders Emergency Rs. 80 Discount on Petrol in Biggest Rate Reversal in History

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Prime Minister Shehbaz Sharif announced that petrol prices will fall from Rs. 458.41 per litre to Rs. 378 per litre starting midnight Saturday, partially reversing Thursday’s massive increase that had pushed fuel prices to record levels across Pakistan. The government had earlier raised petrol by Rs. 137.24 per litre and diesel by Rs. 184.49 per litre, taking diesel prices to Rs. 520.35 per litre and petrol to Rs. 458 per litre. The initial increase was unavoidable after global energy markets were disrupted by escalating conflict involving the United States, Israel…

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Govt’s Surplus Power Package Powers Industry Boom: 2,164 GWh Consumed in Just 3 Months with total Rs.20 Billion benefit

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April 03, 2026 The government’s Surplus Power Package has triggered a considerable surge in electricity demand from industrial and agricultural sectors which have consumed a massive 2,164 GWh of additional electricity in just three months, from December 2025 to February 2026.Under the Prime Minister Muhammad Shahbaz Sharif special initiative to provide relief and support to the country’s industry and agriculture sector the surplus electricity package was introduced with lowest rate of Rs.22.98 per unit on incremental usage.This accounts for 23% of all units sold to these sectors during this period,…

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