Category: Latest News

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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Pakistan Faces Shortage of Battery Testing Facilities for Electric Bikes

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ISLAMABAD: Pakistan is facing a shortage of adequate battery-testing facilities for electric bikes, raising concerns over the quality and safety of batteries being used in the rapidly growing electric two-wheeler market. According to a report of a National Assembly subcommittee, more than 300,000 electric bikes have been manufactured in Pakistan since 2021-22. However, the country lacks sufficient facilities to test their batteries against international quality and safety standards. The report noted that, apart from the Pakistan Council of Scientific and Industrial Research (PCSIR), adequate battery-testing facilities are not currently available…

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Oilboy Plans 70 EV Fast-Charging Stations Across Pakistan with Rs1bn Rights Issue

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KARACHI: Oilboy Energy Limited (OBOY) plans to raise Rs1 billion through a rights issue to finance the development of a nationwide network of 70 electric-vehicle (EV) fast-charging stations. According to documents submitted to the Pakistan Stock Exchange (PSX), the company, formerly known as Drekkar Kingsway Limited, will issue 100 million ordinary shares at Rs10 each. Oilboy said the project marks a diversification of its energy business—from trading coal, LPG, petrochemicals and allied fuel products to the retail supply of electricity as a transport fuel. The company said the initiative is…

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