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October 7, 2025

News Desk

PIA privatization enters the final stage, says Aurangzeb

Finance Minister Muhammad Aurangzeb has announced that the privatization of Pakistani International Airlines has entered its final phase, while the government is also actively considering the external assignment of Islamabad’s international airport and the privatization of energy distribution companies. Aurangzeb made observations during a meeting on Tuesday with a delegation led by the founder and chief executive of Acumen Jacqueline Novogratz. The meeting focused on investment opportunities, climate durability and ongoing economic reforms in Pakistan. In a formal statement, the Ministry of Finance stated that the minister informed the delegation on the government’s agenda and the efforts to stabilize the

June 9, 2025

News Desk

Pakistan’s power capacity hits 46,605 MW, the inert factory cost consumers

The country has increased the installed capacity of electricity production during the continuing financial year 2024-25, placing an additional burden on consumers. Capacity payments were the result of an increase in installed electricity production, which reached 46000 MW. Consumers pay Rs 2.5 to Rs 2.8 trillion Rs each year, which pay for inactivity plants that do not produce a unit. According to financial survey 2024-25 released here Monday, by July-March FY2025, the total installed capacity of Pakistan’s electricity production amounted to 46,605 MW, reflecting an increase of 1.6 % compared to 45,888 MW recorded during the corresponding period FY2024. The

March 21, 2025

News Desk

PSX ends Rally as KSE-100 Index Falls by 327.60 points

Listen to the article The Pakistan Stock Exchange (PSX) showed a slight recession on Friday, with the KSE-100 index falling by 327.60 points or 0.28%, closing at 118.442.17. The index reached a high level of 119.405.91 and a low 118.334.40 during the meeting. The trading volume amounted to 172.2 million shares, with a total value of 14.91 billion Rs. Despite the decline, the market remains relatively active with basic areas that continue to show durability. The market closed lower than the closure of 118,769.77 of the previous day, reflecting some attention among investors in the midst of global uncertainties. The

February 10, 2025

The Pakistan Daily

PM Shehbaz to embark on 2-day visit to UAE today

Prime Minister Muhammad Shehbaz Sharif will pay a two-day official visit to the United Arab Emirates from Monday to participate in the World Governments Summit in Dubai. He is undertaking this visit at the invitation of Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum. The Summit will bring together a large number of Heads of State and Government, global policymakers, and leading private sector figures to discuss the future of governance, innovation and international cooperation. This marks Prime Minister Muhammad Shehbaz Sharif’s second visit to the UAE since

February 1, 2025

The Pakistan Daily

Petrol price increased for next fortnight

ISLAMABAD: The federal government announced new petrol and diesel prices for the next fortnight, hiking the prices by Rs 7 per litre. As per a notification issued here, the price of petrol has been raised by Rs 1 per litre. The new price of petrol has been set at s. 257.13 per litre Similarly, the price of high-speed diesel has been increased by Rs7 per litre. The new price for high-speed diesel is now Rs 267.95 per litre. It is to be noted here that petroleum product prices are increased for the third consecutive fortnight as the same were hiked

January 30, 2025

The Pakistan Daily

Fuel prices set to rise again in February

Pakistanis are bracing for another potential increase in fuel prices, with sources indicating that the government is planning to raise petrol and diesel prices by up to Rs3 per liter and Rs6 per liter respectively, starting February 1, 2025. The anticipated price hike is attributed to the rising global crude oil prices. Sources suggest a Rs3 increase for petrol and a potential Rs6 increase for high-speed diesel, based on a forthcoming bi-weekly review. The Oil and Gas Regulatory Authority (OGRA) will submit a recommendation to the relevant ministry, factoring in international oil prices and exchange rate fluctuations. The final decision

January 30, 2025

The Pakistan Daily

US to invest billions of dollars in Pakistan’s diverse sectors

The United States intends to invest billions of dollars in Pakistan, across various sectors, including minerals, real estate, energy, technology and the artificial intelligence. This was stated by head of US investors’ delegation and billionaire investor, Gentry Beach, while talking to media in Islamabad. He said that US President Donald Trump believes in economic diplomacy and that’s why we are visiting Pakistan. Gentry Beach said initially we are investing in the critical minerals and the real estate sectors. He said we are going to build some of the luxurious properties in Pakistan. Gentry Beach said we are seeing global opportunities

January 21, 2025

News Desk

NTDC restructuring, sale plan revised

Islamabad: The Senate Standing Committee on Energy on Monday reviewed the government’s plan to split the National Transmission & Despatch Company (NTDC) into smaller units for improved efficiency and functionality. The Senate Standing Committee on Power, chaired by Senator Mohsin Aziz, convened in the House. The meeting was about a public petition filed by the General Secretary of NTDC All Pakistan Engineers Association (APNEA) on the government’s plans to complete or break NTDC into smaller units. Explaining the restructuring plan, aimed at making NTDC more efficient, the Energy Ministry secretary explained that NTDC engineers will remain with the National Grid

January 15, 2025

The Pakistan Daily

Federal Cabinet approves revised agreements with 14 IPPs

The Federal Cabinet has approved revised agreements with fourteen Independent Power Producers. The Cabinet, which met in Islamabad with Prime Minister Shehbaz Sharif in the chair, approved a proposal to reduce the profit and cost of these IPPs by 802 billion rupees A deduction of 35 billion rupees will be made from the additional profits of these IPPs over the past years. Under the revised agreements with IPPs, the government will benefit by 1.4 trillion rupees. Speaking on the occasion, the Prime Minister said the revised agreements with IPPs will not only save the national exchequer, and eliminate circular debt

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