HeadlinesFAO warns Hormuz blockade could trigger global food crisis within 12 months
UN agency says disruption threatens oil and fertiliser supplies as global food prices rise for third straight month since conflict began
May 21, 2026
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Headlines
HeadlinesFBR imposes Rs2.7 billion penalty on Gerry’s Dnata in electronics smuggling case
Customs authorities recover Rs221 million in duties and taxes after probe uncovers fake gate passes, concealed airway bills and illegal clearance of imported electronics
May 21, 2026
HeadlinesAsian Development Bank guarantee helps Pakistan secure $1 billion commercial financing package: report
ADB approves $800 million support package linked to fiscal reforms, enabling Pakistan to mobilise private financing through international banks
May 21, 2026
HeadlinesClimate disasters could cut Pakistan’s GDP by up to 9% by 2050, SBP warns
SBP says Pakistan ranks 15th among countries most affected by climatic events despite contributing only 1% to global emissions, while climate disasters caused $29.3 billion losses between 1992 and 2021
May 21, 2026
HeadlinesPetroleum Division proposes cutting levy target to Rs1 trillion, reducing fuel levy to Rs50/litre
Division opposes higher fuel taxes amid elevated global oil prices, seeks lower LPG sales tax and relief measures for oil and gas sector in FY27 budget proposals
May 21, 2026
HeadlinesPakistan, China reaffirm strategic ties as CPEC enters next phase
Shehbaz Sharif tells visiting NPC delegation Pakistan fully supports China’s core interests, highlights expanded cooperation under CPEC framework
May 20, 2026
HeadlinesPakistan, UK review bilateral cooperation in security, trade and economic reform
Shehbaz Sharif meets UK National Security Adviser Jonathan Powell, both sides reaffirm commitment to strengthening long-standing strategic partnership
May 20, 2026
HeadlinesSIFC clears water supply for Sapphire soda ash plant
Allocation of 2.7 cusecs from Mohajir Canal advances Khushab project aimed at cutting imports and expanding domestic industrial capacity
May 20, 2026
HeadlinesPC board approves steps to advance first closing of PIA privatisation
Privatisation Commission says regulatory and financial conditions under share purchase agreement are progressing as government pushes ahead with airline sale
May 20, 2026
HeadlinesAIIB eyes financing for Pakistan’s priority Motorway projects
Abdul Aleem Khan says Karachi-Sukkur corridor remains the country’s most important infrastructure project and is targeted for completion within two years
May 20, 2026
HeadlinesSenate panel approves extension in customs duty concessions for electric vehicles and parts until June 2026
Amendments under Automotive Industry Development and Export Policy 2021-26 extend concessional customs duties on electric vehicle parts, components and selected imports until June 30, 2026
May 20, 2026
HeadlinesPetrol, diesel uplift by OMCs falls below targets despite Ogra warning
Petrol supplies miss May target by 25,146 tonnes while diesel shortfall reaches 83,174 tonnes; Ogra warns of possible action over low refinery upliftment
May 20, 2026