Saturday, January 17, 2026

Pakistan power sector posts Rs800 billion negative equity as liabilities top Rs9.2 trillion

Out of ten, six distribution companies remain in losses despite Rs1 trillion in subsidies, as theft, under-recoveries and tariff lag weaken sector finances; Quetta Electric Supply Company emerges as second-largest loss-making public entity after NHA

Pakistan’s factory output grows 10.37% in November despite continued export decline

Large-scale manufacturing expanded by 6.01% in July–November FY26; automobiles, petroleum, cement and garments drive growth despite exports fall 8.7% in H1FY26

Pension neither concession nor charity but constitutional right: Supreme Court

Top court sets aside tribunal ruling, orders grant of full pension to employee with over 20 years of service; Judgment says resignation or late application does not extinguish pension entitlement

OGRA cuts RLNG prices for January 2026 as import costs ease

Both SNGPL and SSGCL consumers to benefit as transmission and distribution rates see cuts of up to 5.26 percent

X suffers global outage as users report widespread access issues

Over 41,000 complaints logged in the US while NetBlocks confirms disruption not linked to internet shutdowns

Survey shows 80% expect SBP rate cut in first MPC meeting of 2026

56.4% foresee 50bps cut, 15.4% expect 100bps, 5% see 25bps, and 3% anticipate 75bps cut; 20% expect no change in the policy rate; 77% of participants expect average inflation to remain in 5–7% range in FY26

Pakistan seeks two-year rollover, lower rates on $2.5 billion UAE debt: report

Request includes cut in interest rate and extension on maturing deposits as Islamabad relies on rollovers and multilateral support to manage external financing needs

PSX rebounds strongly as rate cut hopes, easing regional tensions drive KSE-100 above 185,000 mark

Benchmark index rises 1.7% in early trade amid institutional inflows and easing selling pressure ahead of MPC meeting
CCP

CCP approves Toyota-led integration of Hino, Mitsubishi Fuso operations

Toyota, through Hino Motors, acquires full ownership of Mitsubishi Fuso, while Daimler Truck takes stake in new holding company AIB Limited to jointly own and manage Hino and MFTBC

Govt abolishes personal baggage route for used car imports, tightens gift and transfer rules

New Import Policy amendments introduce 850-day waiting period, resale ban and stricter origin and safety requirements for overseas Pakistanis

World Bank urges Pakistan to accelerate private investment under CPF 2026–35

Private investment stuck near 10% of GDP versus 20–25% in regional peers; Bank calls for results-based reforms, policy milestones, and technical support

SBP allows exchange companies to use Raast for home remittances

Remittance beneficiaries can now receive funds into bank accounts and digital wallets through exchange companies

Pakistan-Saudi-Turkey defence deal in pipeline, minister for defence production says

Draft pact prepared after months of talks, potential deal between the three nations is separate from Saudi-Pakistani accord announced last year, Raza Hayat Harraj says

Petrol and diesel prices remain unchanged for next fortnight

Petrol stays at Rs253.17 per litre, HSD at Rs257.08 after early January cut

Punjab bans purchase of new petrol, diesel vehicles; shifts to EVs, hybrids for government use

Provincial departments to procure only electric or hybrid vehicles as clean transport push expands; NOC for new petrol stations made conditional on installation of EV charging units