Category: Latest News

ISLAMABAD: Pakistan and Canada have begun the third round of negotiations on a Bilateral Investment Treaty (BIT) aimed at strengthening foreign direct investment (FDI) flows between the two countries. The three-day negotiations are being held from October 19 to 21, with the Canadian delegation led by High Commissioner Tarik Ali Khan and the Pakistani delegation headed by Special Investment Facilitation Council (SIFC) Secretary Jamil Ahmad Qureshi. According to an official announcement, the Canadian delegation arrived in Pakistan to continue discussions on the proposed investment treaty. Welcoming the Canadian delegation, Qureshi…

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ISLAMABAD: Pakistan’s gas sector circular debt surged to Rs3.63 trillion by June 30, 2026, as the government reviewed a proposed phased restructuring and deregulation roadmap aimed at addressing financial liabilities, reducing system losses and attracting private investment. The roadmap was reviewed at a high-level meeting chaired by Federal Minister for Finance and Revenue Muhammad Aurangzeb on Monday. The meeting focused on improving financial sustainability, operational efficiency, consumer welfare and private-sector participation in the gas market. According to official sources, the total outstanding circular debt comprised Rs1.848 trillion in principal liabilities…

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Karachi: Atif Ikram Sheikh, President FPCCI, has apprised that H.E. Raimundas Karoblis, Ambassador of the European Union to Pakistan visited the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Head Office in Karachi for consultations aimed at expanding trade horizons, strengthening industrial linkages, and preparing the private sector for the upcoming cycle of the Generalised Scheme of Preferences (GSP+). Atif Ikram Sheikh said that the high-level discussions brought together diplomatic representatives and members of Pakistan’s apex trade body to examine strategies for diversifying Pakistan’s export basket, encouraging direct European…

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KARACHI (Oct 19): Sindh Chief Minister Syed Murad Ali Shah on Monday inaugurated the first phase of Sindh’s first sanitary engineered landfill project at Jam Chakro, marking a major step towards modernising Karachi’s solid waste management system through scientific waste disposal, environmental protection and improved waste transportation.The Chief Minister formally inaugurated the project by cutting a ribbon and initiating waste disposal at the site. Minister for Local Government Syed Nasir Hussain Shah, l Minister for Labour Saeed Ghani, Mayor Karachi Murtaza Wahab and other senior officials were also present.During his…

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The Ministry of Energy (Power Division) has averted a potential Rs5-6 per unit hike in the September 2026 Fuel Price Adjustment (FPA) through timely measures, including targeted load management, limiting the projected adjustment to Rs2.56 per unit despite rising international fuel prices and constraints on LNG supplies. According to a statement issued by the Power Division on Thursday, targeted load management and other measures helped limit the impact of expensive fuels used for power generation, saving consumers from an additional burden of up to Rs3.44 per unit. The division said…

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