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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.
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.
Karachi received light rainfall in several neighbourhoods early Thursday, bringing cooler winds and brief relief from the heat. Weather officials say cloudy conditions, drizzle and possible thunderstorms may continue as authorities stay on alert.
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.
A Reuters-sourced report says Pakistan conveyed a US proposal to Iran as efforts continue to explore talks on ending the war. Islamabad is being cast as a possible mediator, although Tehran has publicly denied that negotiations are underway.
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.
The NDMA has issued a countrywide alert for rain, thunderstorms and strong winds over the next 24 hours. Authorities are warning of urban flooding, flash floods, landslides and travel disruption in several regions.
PM Shehbaz Sharif has ordered a faster push on food exports to Gulf countries dealing with shortages. Islamabad says exports will be expanded only alongside monitoring to protect local supplies.
Gold prices in Pakistan have surged again, bringing the per-tola rate close to Rs500,000. The rally is being driven by another sharp rise in international bullion markets and elevated uncertainty.
Punjab will digitize 41 toll plazas to improve transparency and crack down on overcharging. The plan also includes M-Tag rollout and stricter enforcement against malpractice.
Punjab is considering extending school holidays until April 15 as part of energy-saving measures. Officials believe the move could reduce fuel and electricity consumption during an intensifying supply crunch.
Petrol pump owners have warned of a possible nationwide shutdown if the government does not respond to their demands. The industry says pricing pressure, policy shifts, and financial strain have pushed retailers toward a confrontation.
