Author: Admin

ISLAMABAD: Pakistan’s inflation eased to 10.3pc in September, but remained in double digits as rising electricity and fuel prices offset a significant moderation in food inflation. According to data released by the Pakistan Bureau of Statistics (PBS), prices in the energy group continued to rise on a year-on-year basis, keeping overall inflation above the government’s expectations. The monthly inflation rate also increased by 1.3pc, marking its highest monthly pace since April. The latest figures came as Pakistan briefed the International Monetary Fund (IMF) on the inflation outlook amid continued price…

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ISLAMABAD: Pakistan has strongly condemned an alleged Houthi attack on the Taibah power distribution station in Madina on September 29, calling it a “grave provocation” and a threat to regional peace and security. In a statement on Friday, the Foreign Office (FO) said the facility was part of the civilian infrastructure supplying electricity to the Holy Prophet’s (PBUH) Mosque. “The sanctity of the Two Holy Mosques and the safety of worshippers and pilgrims must be respected under all circumstances,” the FO said, calling for an “immediate and unconditional” end to…

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NEW YORK: Oil prices surged by more than $4 a barrel on Thursday as concerns over potential disruptions to global fuel supplies intensified following reports of increased US military deployments to the Middle East and China’s suspension of oil-product exports. The new front-month December Brent crude futures contract settled at $102.31 per barrel, up 4.37pc, or $4.28. US West Texas Intermediate (WTI) crude futures ended at $92.87 per barrel, gaining 2.71pc, or $2.45. According to a Wall Street Journal report, the United States was preparing to send a third aircraft…

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ISLAMABAD: The International Monetary Fund (IMF) has appreciated Pakistan’s handling of the oil crisis, noting that the country managed to avoid supply disruptions and additional budgetary pressures despite regional challenges during the six-month US-Iran conflict. However, the Fund has urged the government to accelerate preparations to address the growing gas-sector circular debt and develop a mechanism for providing targeted subsidies to consumers living below the poverty line. According to sources, initial discussions on shifting gas-sector subsidies from consumer tariffs to direct cash transfers through the Benazir Income Support Programme (BISP)…

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Karachi, 1st October 2026: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb visited National Bank of Pakistan’s Head Office in Karachi on Thursday and met Mr. Imran Sarwar, President, NBP. At this occasion Mr. Naved A. Khan, Chairman NBP was also present. The Finance Minister congratulated Mr. Imran Sarwar on his appointment and conveyed best wishes for his new role. The meeting covered matters relating to the Bank as well as broader issues concerning the financial sector.President NBP briefed the Minister on NBP’s initiatives and performance, including its efforts…

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