OGDCL, PPL increase financing commitment for Reko Diq copper-gold project to $715 million
Shareholder contributions raised to $391 million, with total project financing now at $3.5 billion
National Assembly’s PAC orders special audit of IPPs over rising capacity payments
Committee flags mismanagement, policy gaps, and Rs45bn fuel payment irregularities in power sector
IMF urges Pakistan to enhance SBP autonomy with key reforms, including removal of finance secretary from board
Fund calls for immediate filling of vacant deputy governor posts and changes to SBP Act for increased independence
Parliamentary panel holds in-camera briefing on Pak-US tariff
Committee also debates district chambers of commerce and motor vehicle import policy
PSX closes at 148,196.42, up 1,704.79 points on strong earnings
Market soars with strong investor sentiment following Moody’s credit rating upgrade and robust corporate earnings
Pakistan Refinery Limited reports Rs4.66bn loss for FY2025
Rising costs and lower margins lead to a reversal from last year's profit; company sees significant decline in profitability despite higher revenues
Pakistan’s banks poised for growth as economic environment stabilizes: Fitch Ratings
Fitch Ratings expects banks to benefit from improving business prospects, easing macroeconomic pressures, and stronger creditworthiness
OGDCL commissions Jhal Magsi Development Project to supply gas to SSGCL
Project boosts national energy supply with 14 MMSCFD of gas and 45 barrels per day of condensate
Govt may cut two LNG cargoes monthly, introduce other reforms to slash Rs2.6tr gas sector circular debt: report
Task Force and KPMG reviewing gas circular debt plan, including LNG cargo diversion, levy, SOE dividends, RLNG receivables, and interest waivers, with all cash inflows ring-fenced for debt settlement
CPEC IPPs intensify calls for Rs475bn dues clearance ahead of PM’s China visit
CEOs of Chinese energy projects urge timely settlement of dues, citing risks of operational suspension and shareholder concerns
PSX’s KSE-100 likely to maintain upward trend, driven by upcoming corporate results: report
Market remained volatile during the week, driven by positive sentiment further supported by Moody’s upgrading Pakistan’s rating; KSE-100 index gained 1,109 points or 0.76% WoW, closing at 146,492 points
Pakistan targets 2 million digital merchants, 120 million online banking users, 15 billion digital transactions by FY26
Under Prime Minister's Cashless Economy Initiative, a major goal is to route 100% of overseas remittances through bank accounts or mobile wallets
IMF recommends improving NAB’s operational effectiveness, strengthening anti-money laundering measures
Government to challenge IMF’s draft report on corruption, money laundering, and counter-terror financing
Govt to send top officials to US to find consultants for Roosevelt Hotel privatisation deal
Privatisation Commission seeks consultants for joint venture, with Rs3 million allocated for trip
Pakistan to use hedging instruments, expand domestic markets in debt management strategy
Government plans to mitigate exchange rate volatility, develop futures and interest rate swap markets