Business News Archive - Page 47

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Power crisis fears rise as Pakistan braces for summer shortfall

Power crisis fears rise as Pakistan braces for summer shortfall

Pakistan may head into summer with a serious electricity supply gap as LNG and coal constraints squeeze power generation. Officials are weighing costlier fallback options, with tariff hikes and load-shedding emerging as likely outcomes.

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Euronet, Keenu renew Pakistan payments partnership

Euronet, Keenu renew Pakistan payments partnership

Euronet Pakistan and Keenu have extended their partnership for a third five-year term to deepen digital payment services for merchants nationwide. The renewal is being positioned as a long-term investment in Pakistan’s evolving payments infrastructure.

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PIA restarts London flights after six years

PIA restarts London flights after six years

PIA has resumed direct London flights from Pakistan after a six-year break, signalling a major recovery milestone for the airline. Officials say the restart will benefit travellers and support plans to reopen more international routes.

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FBR opens probe into Rs48.4 crore reward payouts

FBR opens probe into Rs48.4 crore reward payouts

FBR has started probing reward payouts of Rs. 48.4 crore after fresh audit-related questions surfaced. The case puts the spotlight on accountability, internal controls and public-sector financial oversight.

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IMF clears path for $1.2bn support to Pakistan

IMF clears path for $1.2bn support to Pakistan

Pakistan has won a staff-level IMF agreement that may release about $1.2 billion after formal approval. The breakthrough is trending as a major sign of economic support and reform continuity.

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Kerosene jumps as PM freezes petrol, diesel prices

Kerosene jumps as PM freezes petrol, diesel prices

Pakistan has increased kerosene prices while holding petrol and diesel steady after direct intervention by the prime minister. The decision has gone viral because it blends consumer relief with renewed concern over the country's fuel and fiscal pressures.

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IMF sets budget and tax targets in fresh Pakistan talks

IMF sets budget and tax targets in fresh Pakistan talks

The IMF has shared its policy framework with Pakistan as talks continue over the next review and fund release. Budget targets, tax collection goals and faster fuel price adjustments are central to the discussion.

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Finance Ministry blocks draft ports authority overhaul

Finance Ministry blocks draft ports authority overhaul

The Finance Ministry has rejected the draft Pakistan Maritime and Port Authority law over governance, autonomy and IMF-related concerns. It has called for a revised framework with stricter oversight, structural separation and stronger financial controls.

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Islamabad offers incentives to spur larger hotel projects

Islamabad offers incentives to spur larger hotel projects

Islamabad has introduced a relief package for hotel developers by easing FAR charges after cabinet approval. Officials say the move is designed to attract investment, promote vertical growth and expand hospitality infrastructure under strict compliance rules.

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