Business News Archive - Page 48

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Pakistan locks in fuel supplies through April 25

Pakistan locks in fuel supplies through April 25

Pakistan says it has secured petroleum supplies until April 25 through refinery output and diversified imports. Officials say proactive cargo planning has helped prevent shortages despite regional shipping and energy risks.

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ECC clears Rs100bn for PM Austerity Fund in key fiscal move

ECC clears Rs100bn for PM Austerity Fund in key fiscal move

Pakistan's ECC has approved a Rs100 billion grant for the Prime Minister's Austerity Fund 2026. The meeting also focused on wheat procurement and broader fiscal discipline as the government looks to manage economic pressure and protect priority spending.

Business
OGDC busts crude theft network and illegal refinery in Sindh

OGDC busts crude theft network and illegal refinery in Sindh

OGDC says it has dismantled a major oil theft ring in Sindh after tracing illegal pipeline tapping to a hidden refinery. The company is calling for strong legal action, saying the case exposed a serious threat to Pakistan’s energy assets.

Business
Islamic mutual funds in Pakistan cross Rs. 2 trillion milestone

Islamic mutual funds in Pakistan cross Rs. 2 trillion milestone

Pakistan’s Islamic mutual fund industry has reached a record Rs. 2.1 trillion in assets, underlining strong demand for Sharia-compliant savings products. The milestone also highlights continued expansion across the country’s wider asset management sector.

Business
Commerce Ministry says it can cope even with a 50% budget cut

Commerce Ministry says it can cope even with a 50% budget cut

The Commerce Ministry says it can continue working even under a steep budget squeeze as Pakistan braces for tighter fiscal management. Senators approved proposed allocations while flagging broader pressure on trade support spending.

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Petrol dealers warn of nationwide shutdown in Pakistan

Petrol dealers warn of nationwide shutdown in Pakistan

Pakistan's petrol pump owners have threatened a nationwide shutdown unless the government addresses industry complaints and holds urgent talks. The warning adds to public anxiety over fuel availability and rising prices.

Business
Pakistan weighs flexible power tariff for industry

Pakistan weighs flexible power tariff for industry

Pakistan is considering an optional multi-slab electricity tariff for industrial consumers to better match prices with actual grid costs. Officials say the plan could ease peak demand, improve efficiency and support industrial competitiveness.

Business
Pakistan faces mounting economic fallout from regional war

Pakistan faces mounting economic fallout from regional war

Geo News says the regional war is intensifying pressure on Pakistan's economy, especially through fuel and import-linked costs. The piece argues that deeper reforms, not symbolic burden-sharing, are needed to protect growth and financial stability.

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