Pakistan in discussion with Qatar for supply of LNG cargoes amid electricity shortfall – Business
ISLAMABAD: Pakistan and Qatar are in an advanced stage of discussions for the supply of at least four cargoes of liquefied natural gas (LNG), which could pass through the Strait of Hormuz, sources told Dawn on Sunday. They also said that after facing criticism over loadshedding even before the start of summer, the Power Division […]
Pakistan eyes $1.2bn inflow next month – Business
WASHINGTON: Pakistan’s liquidity pressures are expected to ease as the International Monetary Fund’s (IMF) Executive Board is set to consider approval of a Staff-Level Agreement (SLA) next month, potentially paving the way for a fresh disbursement of about $1.2 billion under the two programmes. The SLA was reached on March 28 on the successful third […]
SBP says govt has paid $2bn to UAE – Business
KARACHI. The State Bank of Pakistan (SBP) said on Saturday that the government had paid $2 billion to the United Arab Emirates (UAE). Earlier this month, a senior Pakistani official said Abu Dhabi had sought the immediate return of $3.5bn; the funds were part of external financing support extended in 2019 to help stabilise Pakistan’s […]
Pakistan raises $500m through Eurobond after 4-year hiatus – Business
ISLAMABAD: A day after receiving $2 billion in assistance from Saudi Arabia, the government on Friday announced it had raised $500 million from the international capital market through a Eurobond after four years. In a post on the social media platform X, Adviser to the Finance Minister Khurram Schehzad said, “Pakistan has successfully returned to […]
PSX surges over 2,400 points in midday trading
Investors cheer easing Middle East tensions, government’s Rs109 to Rs116 billion Sukuk listing KARACHI: The Pakistan Stock Exchange (PSX) maintained bullish momentum on Friday as the benchmark KSE-100 Index surged over 2,400 points in midday trading. The index climbed to around 172,365 points, marking a gain of approximately 2,453 points, or 1.42%, from the previous […]
Islamabad administration revises business timings, extends restrictions to bakeries and sports facilities – Pakistan
ISLAMABAD: The capital administration on Thursday issued an amended notification regarding the closing time for markets, extending the restriction to bakeries and sports facilities. In a notification issued via the office of Islamabad Deputy Commissioner Irfan Nawaz Memon, the previous April 6 order was slightly amended. Under “partial modification”, bakeries were told to close at […]
Current account posts surplus of $1.07bn in March – Business
Pakistan recorded a sizable current account surplus in March, it emerged on Wednesday. In a post on social media platform X, the State Bank of Pakistan said, “Current account balance recorded a surplus of $1,070 million in Mar 2026 compared to a surplus of $231 million in Feb 2026.” Adviser to the Finance Minister Khurram […]
IMF managing director meets Aurangzeb, hails Pakistan’s reform progress, macroeconomic stability – Business
International Monetary Fund (IMF) Managing Director Kristalina Georgieva has commended Pakistan’s “continued progress on economic reforms” under the Fund’s programme and the resulting macroeconomic stability. She met with Finance Minister Muhammad Aurangzeb on the sidelines of the IMF–World Bank Spring Meetings 2026 in Washington, where the finance czar had arrived on Monday. During his visit, […]
Gold prices in Pakistan Today
The US dollar falls to its lowest level in six weeks, making greenback-denominated commodities Gold and Silver prices rose on Thursday in Pakistan, supported by a weaker dollar and lower US Treasury yields, as investors grew optimistic about a potential end to the Middle East war, which has stoked fears of higher inflation. Spot gold […]
Pakistan weighs spot LNG as Iran war hits supply, ramps up domestic oil and gas
Says the government considers buying liquefied natural gas on the spot market to offset supply disruptions Minister for Petroleum and Natural Resources Ali Pervaiz Malik speaks during an interview with Reuters, during the Pakistan Minerals Investment Forum 2025, in Islamabad, Pakistan April 8, 2025. Photo: Reuters Minister for Petroleum Ali Pervaiz Malik said on Wednesday […]