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Power Minister Awais Leghari has announced an end to Pakistan’s month-long loadshedding after an LNG shipment arrived in the country. The government says the outages were caused by fuel supply disruption linked to regional conflict, not system failure.
The government has increased petrol by Rs6.51 and high-speed diesel by Rs19.39 per litre, pushing both fuels close to Rs400. The new rates take effect from May 1, while officials deny rumours of petrol pump closures or fuel shortages.
PTCL has dismissed reports that UAE-based e& is planning to reduce or end its role in Pakistan’s telecom sector. The company says its shareholder structure remains stable and its expansion plans, including major acquisitions and fibre growth, remain on track.
NAB is preparing a reform package to abolish Pakistan’s decades-old property file system within two months. The proposed framework would route payments through banks, increase developer responsibility and target fraud in private housing schemes.
Prime Minister Shehbaz Sharif has extended the fuel subsidy for motorcyclists, public transport operators and goods transporters by one month. The move aims to prevent fare hikes, reduce freight pressure and protect vulnerable citizens from rising transport costs.
Oil prices jumped nearly six percent amid fears of a prolonged Strait of Hormuz disruption, with Brent rising to $117.81 per barrel. The spike could increase pressure on Pakistan’s fuel prices, inflation outlook and external payments.
The KSE-100 index fell by more than 1,300 points as selling pressure returned to the Pakistan Stock Exchange. Broad-based declines in banks, energy and power stocks reflected investor caution after the recent policy rate hike.
NAB Chairman Lt Gen retired Nazir Ahmed says Pakistan will introduce real estate reforms within two months to abolish the property file system. The proposed changes would place greater responsibility on developers and aim to improve transparency in housing transactions.
Prime Minister Shehbaz Sharif has announced that subsidies for motorcyclists will continue in partnership with provincial governments amid rising fuel pressure caused by regional instability. The decision aims to protect daily commuters and lower-income households from higher transport costs.
The FBR has confiscated records from Top City Housing Society in Islamabad as part of an investigation into alleged tax evasion and financial irregularities. Officials will review the seized documents before deciding whether further legal action is required.
Pakistan’s formal retail sector says early market closures have caused a 25 to 30 percent sales drop and around Rs100 billion in weekly documented activity losses. Retailers warn the policy may shift business to informal markets while doing little to reduce overall consumption.
Nepra has declared revenue-based loadshedding illegal, but the Power Division says the practice will continue to prevent a major rise in circular debt. The dispute highlights a growing clash between consumer rights, legal compliance and Pakistan’s power sector finances.
