Category: Highlights

Inflation Down to Lowest Point in 9 Years Trade & Industry Demands Single-Stroke Cut By 500 bps in Interest RateAtif Ikram Sheikh, President FPCCI

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Atif-Ikram

Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has apprised that the business, industry and trade community of Pakistan is dissatisfied with the monetary policy as it continues to be based on a heavy premium vis-à-vis core inflation as the State Bank of Pakistan (SBP) announced a grossly-insufficient reduction of merely 100 bps on January 27th in its last Monetary Policy Committee (MPC) meeting. He emphasized the fact that the inflation is at a 9-year low in the country. Mr. Atif Ikram Sheikh maintained that inflation, as per government’s own statistics,…

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Oil prices stable as tariff and Ukraine uncertainty dominates sentiment

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Oil falls

LONDON: Oil prices were little changed on Monday after registering a monthly loss for the first time since November, while investors await the outcome of efforts to end the Russia-Ukraine war and repercussions from U.S. tariffs. Brent crude rose 11 cents, or 0.15%, to $72.92 a barrel by 1105 GMT while U.S. West Texas Intermediate crude was up 3 cents, or 0.04%, at $69.79. Ukrainian president Volodymyr Zelenskiy said on Sunday that he believed he could salvage his relationship with U.S. President Donald Trump. However, he said talks needed to…

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KE launches ‘Energy Progress & Innovation Challenge 2025’

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KE launches

KARACHI: Committed to fostering creativity, innovation, and localisation in the energy sector, K-Electric has launched Energy Progress & Innovation Challenge (EPIC) 2025. Building on the resounding success of its pioneering 7/11+ Innovation Challenge introduced in 2022, EPIC will unite entrepreneurs, academia, researchers, and think tanks to develop cutting-edge solutions for the energy industry. Innovators may address K-Electric’s predefined challenge statements or propose their own transformational ideas. This year’s EPIC Challenge spotlights carefully deliberated themes that align with regulatory priorities and key customer challenges, including “Tamper-proof PMT-based load-shedding solutions” to enable…

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Thar Coal Railway Project: 105km Track to be Completed by Dec 2025

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Thar-coal

Pakistan is making strides in expanding its energy infrastructure, with two major projects set to enhance energy security and reduce reliance on expensive fuel imports. The Thar Coal Railway Line, a 105km rail network connecting Thar’s coal mines to Port Qasim, is on track for completion by December 2025.¹ ² This project, overseen by the federal and Sindh governments, will improve coal transportation efficiency and boost the energy sector’s growth. In addition, Pakistan is also investing in a $500 million, 1,000MW Battery Storage Initiative in the south to harness wind…

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China’s Two Sessions and it’s impact on Pakistan-China relations

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Pakistan-China relations

Pakistan views China’s Two Sessions —the annual gatherings of the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC)—as a pivotal event for the future of bilateral cooperation. These sessions provide Pakistan with key insights into China’s economic, regional and global priorities, which directly have the positive impact on the trajectory of the China-Pakistan relationship, especially within the context of the China-Pakistan Economic Corridor (CPEC). Each Two Sessions meeting concentrates on three main strategic priorities that China aims to achieve: economic growth, social harmony and international strategic…

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