Category: Latest News

KARACHI PORT TRUST COLLECTS OVER 34 TONNES OF MARINE DEBRIS DURING WEEKLY CLEAN-UP DRIVE

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Karachi, 5 September 2026: Karachi Port Trust (KPT) continued its commitment to maintaining a clean, safe and environmentally sustainable harbour by collecting 34,650 kilograms of floating marine debris during its weekly clean-up operations conducted from 29 August to 4 September 2026. The clean-up campaign was carried out by the Marine Pollution Control Department (MPCD), KPT, at key harbour locations including East Wharf, West Wharf, Oil Piers and Boat Basin Jetty. As part of the systematic operation, 51 boat deployments were carried out, with 159 personnel actively participating in the collection…

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OGDC Announces Financial Results for the Year Ended June 30, 2026, Declares Highest-Ever Quarterly and Annual DividendISLAMABAD, September 4, 2026

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The Board of Directors of Oil & Gas Development Company Limited (OGDC), in its meeting held on Friday, September 4, 2026, announced the financial results for the financial year ended June 30, 2026.OGDC recorded net sales revenue of Rs 449.191 billion and its highest-ever profit after tax of Rs 242.374 billion, representing an increase of 43% over the preceding year. Earnings per share (EPS) increased to Rs 56.35 from Rs 39.50 last year. The Board declared a final cash dividend of Rs 6.00 per share (60%), the highest-ever quarterly dividend…

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FPCCI Deeply Concerned Over WideningTrade Deficit in Early FY27Atif Ikram Sheikh, President FPCCI

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Karachi: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has voiced severe alarm over the concerning trajectory of Pakistan’s trade balance during the first two months (July-August) of the Fiscal Year 2026-27 (FY27) as country’s trade deficit widened by 18.1 percent to $7.1 billion in this period as compared to the $6.025 billion in the same period last year. While acknowledging a slight recovery in overall economic activity, the FPCCI Chief highlighted that the increase in exports has been drastically outpaced by a…

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Pakistan Reaffirms Commitment to Mobilising Private Capital Through PPPs and Privatisation

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“We have already started to give the reins of economic growth to the private sector.”- Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman Privatisation Commission. ISLAMABAD, September 4, 2026: The Government today reaffirmed its commitment to increasing private sector participation in Pakistan’s economy through public-private partnerships (PPPs) and privatisation, pursuing both as key instruments of economic growth and transformation. The commitment was reiterated at the National Strategic Dialogue on PPPs and Privatisation and Launch of the Pakistan PPP Monitor, held in Islamabad with the participation of Federal…

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Pakistan Reaffirms Commitment to Mobilising Private Capital Through PPPs and Privatisation

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“We have already started to give the reins of economic growth to the private sector.”- Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman Privatisation Commission. ISLAMABAD, September 4, 2026: The Government today reaffirmed its commitment to increasing private sector participation in Pakistan’s economy through public-private partnerships (PPPs) and privatisation, pursuing both as key instruments of economic growth and transformation. The commitment was reiterated at the National Strategic Dialogue on PPPs and Privatisation and Launch of the Pakistan PPP Monitor, held in Islamabad with the participation of Federal…

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