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Earth Registers Second-Hottest July On Record, Fueled By Unprecedented Ocean Temperatures
Environment

Earth Registers Second-Hottest July On Record, Fueled By Unprecedented Ocean Temperatures

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July 2026 tied with 2024 as the second-warmest July ever recorded globally, with average temperatures reaching 1.47°C above pre-industrial levels, according to the World Meteorological Organization (WMO). The UN agency said July 2023 remains the warmest July on record, while July 2026 also recorded the highest global ocean surface temperatures ever observed for the month. Global Heat Intensifies Across Multiple Regions The latest data highlights the continued intensity of global warming, with extreme temperatures affecting large parts of the Northern Hemisphere. WMO spokesperson Clare Nullis said meteorological services, emergency response teams and health professionals remain heavily engaged because of the range of extreme weather events occurring around the world. The current conditions extend beyond heat, with extreme rainfall and tropical cyclones also affecting different regions. Western Europe experienced its hottest June-July period on record. Countries including Switzerland and France have already faced their fourth heatwave of the summer. Drought And Wildfire Risks Increase Persistent heat and limited rainfall have intensified drought conditions across parts of Europe. WMO climate information chief John Kennedy said the combination of heat and low rainfall has contributed to drought, falling river levels and increased wildfire risks. Major European rivers, including the Seine, Rhine and Danube, have experienced low flows, creating additional pressure on agriculture, transport and energy systems. Wildfire activity has also increased significantly. According to data from the Copernicus Atmosphere Monitoring Service, western Europe experienced exceptional wildfire activity in July in terms of both the area burned and emissions. France is on course for one of its most extreme wildfire years of the past 24 years, while its year-to-date fire emissions are comparable to or higher than levels recorded during the severe fire years of 2022 and 2023. Spain is also experiencing fire emissions well above the seasonal average. Extreme Weather Spreads Beyond Europe The heat is not limited to Europe. Japan and South Korea experienced exceptional and record-breaking temperatures, while extreme conditions were also reported across parts of Asia, the Middle East and Latin America. North America has also been affected by widespread wildfires. Fires continue to burn across parts of the western United States, while Canada reported 591 active fires, including 43 classified as out of control. At the same time, heavy monsoon rainfall has caused flooding in parts of West Africa, demonstrating the increasingly varied nature of extreme weather conditions. Flooding Threatens Parts Of South Asia WMO’s weekly Global Hydromet Scan has warned of heavy rainfall, flash floods and landslides across several parts of South and Southeast Asia. The areas identified include eastern Pakistan, northeastern and western India, Nepal, Bangladesh, Bhutan, Myanmar and parts of Southeast Asia. China also carried out mass evacuations ahead of the landfall of Typhoon Dolphin, which was identified as the 13th storm of the season. These developments highlight how extreme heat is occurring alongside other potentially destructive weather events rather than replacing them. Atmospheric Patterns Are Amplifying Extreme Conditions According to Kennedy, recent weather extremes reflect the combined influence of long-term global warming and a persistent pattern of alternating high- and low-pressure systems across the Northern Hemisphere. High-pressure systems are generally associated with hotter and drier conditions because descending air warms and reduces cloud formation. This allows more sunlight to reach the surface and can prevent cooler air from moving into affected areas. When these systems remain in place for days or weeks, extreme heat and drought conditions can become more severe. El Niño Could Push Temperatures Higher The WMO said El Niño is now established in the Pacific and expects global temperatures to rise further. Historically, the global temperature peak tends to follow the peak of El Niño, which usually occurs between November and January. This could create additional challenges for countries already dealing with heatwaves, drought, wildfires, flooding and other extreme weather conditions. Early Warning Systems Remain A Priority With extreme weather becoming an increasingly significant global risk, the WMO and its member countries are working to improve forecasting capabilities and early-warning systems. Nullis stressed that the Early Warnings for All initiative remains the organisation’s overriding priority. The latest July temperature record reinforces the importance of improving preparedness, particularly for communities exposed to extreme heat, floods, wildfires and other climate-related hazards. The WMO data also underscores a broader concern: global warming is increasingly being experienced not simply through rising average temperatures, but through a combination of interconnected and increasingly disruptive weather extremes.

National Youth Employment Policy Launched With 50% Women’s Quota, Startup Support
Pakistan

National Youth Employment Policy Launched With 50% Women’s Quota, Startup Support

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Pakistan has formally launched its first National Youth Employment Policy, introducing a comprehensive framework aimed at expanding employment, entrepreneurship and skills development opportunities for the country’s young population. Prime Minister Shehbaz Sharif launched the policy during a ceremony in Islamabad, according to an official press release. The policy seeks to encourage young people to pursue both employment and entrepreneurship while improving their access to modern skills, technology and international training opportunities. A major feature of the policy is the allocation of a 50% quota for women in the labour force, reflecting the government’s focus on increasing female participation in economic activity. The policy also reserves 10% of the annual quota for startups, with the objective of encouraging young people to establish businesses rather than relying solely on conventional employment. National Youth Employment Policy Focuses on Jobs and Entrepreneurship The launch of the National Youth Employment Policy comes as Pakistan seeks to create more opportunities for its growing young population and equip workers with skills relevant to a rapidly changing economy. The startup quota is designed to provide greater encouragement to young entrepreneurs and promote business creation. By allocating a portion of the annual quota to startups, the government aims to shift the focus from job seeking towards job creation. The policy also places significant emphasis on technology and emerging fields, particularly information technology and artificial intelligence. Prime Minister Shehbaz Sharif announced that 1,000 young men and women will be sent to China for training in Information Technology and Artificial Intelligence on merit. The government will bear all expenses associated with the overseas training programme, giving selected participants an opportunity to gain international exposure and develop skills in sectors considered critical to Pakistan’s future economic growth. The initiative is expected to help develop a skilled workforce capable of contributing to Pakistan’s digital economy and competing for employment opportunities in international markets. Govt Expands Laptop and Digital Education Initiatives The prime minister also highlighted the government’s ongoing laptop distribution programme for students. Shehbaz Sharif said 700,000 laptops have already been distributed among talented students under government initiatives. He further announced that another 250,000 Chromebooks will be distributed to high-achieving students this year. The government sees access to digital devices as an important component of improving education and developing technology skills among young people. Greater access to laptops and Chromebooks can also help students participate in online learning, acquire digital skills and explore opportunities in technology-driven sectors. The measures announced alongside the youth employment policy indicate that the government intends to connect education, skills development and employment more closely. Daanish Schools and New University Highlighted During the ceremony, Prime Minister Shehbaz Sharif also discussed the government’s education initiatives, including the establishment of Daanish Schools across Pakistan. He said the schools were designed to provide deserving students with high-quality education comparable to leading institutions such as Aitchison College. The prime minister also announced the establishment of a new Daanish University in Islamabad, with classes expected to begin next year. According to Shehbaz Sharif, the university will focus on technology and technical education, with particular emphasis on modern sciences. He said admission would be based purely on merit, regardless of students’ financial backgrounds. The initiative is intended to provide talented and deserving students with access to quality higher education and modern technical skills. The emphasis on merit is also aimed at widening educational opportunities for students who may not otherwise have access to high-quality institutions because of financial constraints. Women’s Participation Given Major Focus The 50% women’s quota under the policy represents one of its most significant components. Increasing women’s participation in the labour force remains an important challenge for Pakistan, where social, economic and workplace barriers have limited the participation of many women in formal employment and entrepreneurship. The government’s decision to allocate half of the relevant employment quota to women is aimed at creating greater opportunities for female workers and entrepreneurs. The startup allocation also provides an avenue for young women to pursue entrepreneurship and establish businesses. By combining employment opportunities with entrepreneurship support, the policy seeks to address youth unemployment through multiple channels rather than relying exclusively on traditional jobs. New Innovation and Skills Programmes Launched The prime minister also launched the National Power Sector Innovation Programme and the Skills Ambassador Programme during the ceremony. The power-sector innovation programme is expected to promote new ideas and solutions in an industry facing challenges related to efficiency, technology and service delivery. Meanwhile, the Skills Ambassador Programme is intended to further support skills development and connect young people with opportunities to improve their employability. The launch of the National Youth Employment Policy marks a significant policy step as Pakistan seeks to harness its young population for economic development. With measures covering employment, startups, women’s participation, digital skills, overseas training and education, the government aims to create a broader ecosystem for youth development. The success of the policy, however, will depend on effective implementation, transparent selection mechanisms and the creation of sufficient employment and entrepreneurship opportunities. If implemented effectively, the policy could help young Pakistanis acquire market-relevant skills, access better employment opportunities and contribute more actively to the country’s economic growth.

Pakistan Automotive Industry Urged to Target $63bn Export Goal Under URAAN Pakistan
Pakistan

Pakistan Automotive Industry Urged to Target $63bn Export Goal Under URAAN Pakistan

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Pakistan’s automotive industry must shift its focus from primarily serving the domestic market to becoming a major source of export earnings, with the sector expected to make a significant contribution towards the country’s $63 billion export target under URAAN Pakistan, the Planning Commission said. The call was made during a policy dialogue titled “Unlocking Pakistan’s High-Value Export Potential: Threats and Opportunities for the Automotive Industry”, which brought together government officials, private-sector representatives, academics and international development partners to discuss ways to strengthen Pakistan’s automotive exports. The session was jointly chaired by Federal Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal, Federal Minister for Energy Sardar Awais Ahmad Khan Leghari and Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan. The discussions focused on improving the competitiveness of Pakistan’s automotive industry and identifying measures that could help local manufacturers enter international markets. Govt Calls for Export-Led Growth in Automotive Sector Speaking at the dialogue, Ahsan Iqbal said export-led growth was the central pillar of URAAN Pakistan and should be treated as a national priority rather than simply an economic target. He said Pakistan could no longer afford to keep its industries focused mainly on the domestic market. According to the minister, the country needs a fundamental change in its approach to industrial development, investment, infrastructure and economic policymaking if it wants to significantly increase exports. The minister also highlighted the broader ambition of raising Pakistan’s exports to $100 billion, saying the country must develop a stronger and more diversified export base to achieve sustainable economic growth. He stressed that Pakistan needed foreign exchange earnings rather than relying on borrowing and short-term economic measures. “Pakistan needs dollars,” the minister said, arguing that a stronger export sector would be essential for generating sustainable foreign exchange and reducing dependence on external financing. Automotive Industry Must Enter Global Markets Ahsan Iqbal said Pakistan already has industrial clusters and productive capabilities that can serve as a foundation for export expansion. However, he emphasised that these existing capacities need to be modernised to compete effectively in international markets. The government’s focus, he said, should include improving industrial productivity, upgrading infrastructure, adopting modern technologies and establishing a policy environment that encourages investment in export-oriented manufacturing. The minister expressed confidence that the new Auto Policy 2.0 would help transform the automotive industry and encourage greater integration with global markets. The policy is expected to play an important role in creating conditions for manufacturers and component producers to improve competitiveness and explore overseas markets. For Pakistan’s automotive industry, moving beyond domestic sales could create opportunities for manufacturers to benefit from economies of scale while strengthening the country’s manufacturing and engineering capabilities. Private Sector Urged to Lead Export Drive The planning minister called on manufacturers, exporters and investors to take a leading role in Pakistan’s export expansion strategy. He said closer cooperation between the government and private sector was required to identify new international markets, remove regulatory and infrastructure-related bottlenecks and establish clear priorities for export-led industrial growth. Ahsan Iqbal also urged chambers of commerce and industry to encourage businesses to participate in export missions and develop sector-specific strategies for accessing international markets. He called on industry stakeholders to prepare five-year export plans that clearly identify the potential contribution of individual sectors and the government support required to achieve those targets. Such plans, he said, could provide a more structured approach to increasing exports while allowing policymakers to identify specific constraints facing different industries. Govt Seeks District-Level Export Strategy The minister also called for the development of a comprehensive district-level export development plan covering different regions and sectors of the country. The proposed approach would identify areas where existing industrial capacity can be transformed into globally competitive export clusters. Such clusters could help concentrate investment, infrastructure, skilled labour and technology around industries with strong export potential. For the automotive sector, participants discussed several areas that could determine its ability to compete internationally. These included manufacturing costs, productivity, technological capability, infrastructure, investment, access to international markets and policy facilitation. Improving these areas will be critical if Pakistan wants to move from producing vehicles and components primarily for domestic consumers towards establishing a sustainable presence in global automotive supply chains. Automotive Exports Seen as Key to $63bn Target The Planning Commission said the automotive industry has an important role to play in achieving the $63 billion export target under URAAN Pakistan. The sector has an established manufacturing base and a network of component suppliers that could potentially be expanded to serve international markets. However, increasing exports will require manufacturers to meet international standards, improve productivity, invest in technology and develop products that are competitive in terms of quality and cost. The government’s policy dialogue is therefore aimed at identifying practical steps to unlock the sector’s export potential. The session formed part of a wider consultative series organised by the Planning Commission to promote Pakistan’s high-value export sectors and industrial clusters. The discussions are expected to contribute to policy recommendations aimed at improving Pakistan’s export competitiveness. The government believes this transition can help generate foreign exchange, attract investment, modernise industrial capacity and support long-term economic growth.

Consumers Reject Proposed Rs34bn Power Tariff Burden Amid Rising Costs
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Consumers Reject Proposed Rs34bn Power Tariff Burden Amid Rising Costs

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Consumer representatives have protested against a proposed Rs34 billion additional power tariff burden arising from higher capacity charges, lower electricity sales, loadshedding and increasing solar penetration. The proposed adjustment could raise electricity tariffs by around Rs1.35 per unit for three months, prompting industrial consumers to demand an immediate review of the government’s incremental tariff package. The issue was raised during a public hearing conducted by the National Electric Power Regulatory Authority (Nepra) on Wednesday to examine quarterly tariff adjustments (QTA) sought by power distribution companies (Discos). Industrial consumers argued that the proposed adjustments could effectively place an additional burden of around Rs2 per unit on consumers, further increasing electricity costs for businesses and households already facing high energy prices. Discos Seek Higher Quarterly Tariff Adjustments During the hearing, several distribution companies reported declining electricity sales. Most major Discos recorded around a 5% decline in electricity sales, raising concerns among Nepra officials about the reasons behind the reduction. Nepra Member Maqsood Anwar Khan questioned whether excessive loadshedding was contributing to the decline, particularly in areas where consumers have relatively low losses and strong payment records. He specifically asked whether power outages were also occurring in areas populated by consumers who regularly pay their electricity bills. Representatives of Faisalabad Electric Supply Company (Fesco) confirmed that loadshedding was taking place even in low-loss areas with high-paying consumers. The development raised concerns about the relationship between lower electricity sales and increasing capacity payments. When electricity consumption declines while fixed capacity-related costs remain payable, the cost burden can increase on the units sold to consumers. Islamabad Electric Supply Company (Iesco), meanwhile, sought an increase of around Rs1.83 per unit in its quarterly tariff for the September-November period, primarily due to higher capacity charges. Hazara Electric also requested an additional QTA of around Rs1.65 per unit. Nepra Questions Impact of Industrial Tariff Package The hearing also focused on the government’s incremental tariff package for industrial consumers. Under the package, industrial consumers are supplied electricity at around Rs22.98 per unit, compared with an average tariff of approximately Rs40 per unit. Maqsood Anwar Khan said he had raised concerns about the sustainability of the package since its introduction. He questioned whether the reduced industrial tariff could create additional financial pressure elsewhere in the power sector, particularly as distribution companies face declining sales and rising capacity-related costs. However, Khan also challenged the argument that increasing solar penetration was damaging the power sector. He said solar generation was helping reduce system losses and lowering the need for expensive imported fuel. According to him, without the contribution of solar power, the country could have faced greater loadshedding during the recent regional conflict or higher tariff adjustments because of increased fuel costs. Industrial Consumers Demand Review Nepra Member Amina Ahmed said the higher QTA impact arising from electricity consumption during the April-June period had become unavoidable. However, she said the situation made an urgent review of the incremental industrial tariff package necessary. The Power Division’s tariff team also confirmed that a review case had already been submitted to Nepra. Naveed Qaiser, head of the Power Division’s tariff team, rejected the suggestion that the industrial tariff package had damaged the power sector. He maintained that industrial electricity consumption had generally improved. Industrial representatives, however, challenged this assessment. Representatives from the Karachi Chamber of Commerce, Korangi Association of Trade and Industry and other business groups argued that the improvement in grid-based industrial electricity consumption was largely linked to the shift of industries away from captive power generation. They attributed the shift to the government’s decision to impose a punitive levy on captive natural gas consumption under measures associated with the International Monetary Fund programme. According to industrial representatives, this policy encouraged industries to move towards grid electricity rather than demonstrating a broad-based recovery in industrial power demand. Additional Rs14bn Demand Under Review The Power Division also clarified the composition of the additional tariff claims submitted by distribution companies. Qaiser said power companies had initially sought around Rs23 billion in additional quarterly tariff adjustments. Another Rs14 billion was subsequently sought by Sukkur Electric Power Company (Sepco) on account of bilateral electricity trading involving new captive power plants at Naudero, Dawood and Shikarpur. However, the Power Division official said the actual additional impact over the quarter was expected to be around Rs17 billion to Rs18 billion. Nepra Member Amina Ahmed indicated that the Rs14 billion claimed by Sepco might not ultimately form part of the quarterly tariff adjustment. She said the amount would need to be examined separately before any decision was taken. Higher Capacity Charges Raise Consumer Concerns The proposed adjustment highlights the continuing challenge faced by Pakistan’s power sector as electricity sales decline while fixed capacity-related obligations remain high. Consumer representatives fear that passing these costs on to electricity users could further increase the cost of doing business and put additional pressure on household budgets. Industrial consumers have already been facing high electricity tariffs, rising production costs and increased competition in domestic and international markets. The latest hearing also brought the relationship between solar adoption, loadshedding and power-sector finances into sharper focus. With more consumers installing rooftop solar systems, grid electricity demand has declined in certain periods. At the same time, distribution companies continue to face fixed capacity payments and other sectoral costs. Nepra is now expected to examine the QTA claims, the proposed incremental tariff package and the separate Sepco demand before determining the final adjustment. The regulator’s decision will determine how much of the proposed burden is ultimately passed on to consumers during the September-November period.

Pakistan’s Debt And Liabilities Edge Close To Rs100 Trillion
Business

Pakistan’s Debt And Liabilities Edge Close To Rs100 Trillion

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Pakistan’s total debt and liabilities climbed to nearly Rs100 trillion by the end of June 2026, highlighting the country’s continued dependence on borrowing despite some improvement in the debt-to-GDP ratio and lower debt servicing costs. Debt Stock Rises To Rs99.6 Trillion According to the latest State Bank of Pakistan debt bulletin, total debt and liabilities increased to Rs99.6 trillion during FY2025-26, up Rs5.2 trillion, or 5.5 percent, from the previous year. Public debt accounted for around 87 percent of the total. Despite the increase in the absolute debt stock, total debt and liabilities declined to 78.5 percent of GDP, improving by 4.2 percentage points compared with the previous year. Total debt excluding liabilities reached Rs97.9 trillion, representing an annual increase of Rs6.3 trillion. IMF-Related Debt Increases Pakistan’s IMF-related debt rose 17 percent to Rs3.1 trillion during the year. The increase followed the receipt of two tranches worth $2.2 billion under the Extended Fund Facility and another $450 million in climate financing. The figures highlight the continued importance of multilateral financing in supporting Pakistan’s external and fiscal requirements. Debt Servicing Costs Decline Pakistan spent approximately Rs12 trillion on servicing its debt and liabilities during FY2025-26, equivalent to around $43 billion. Although the amount remained substantial, it was Rs1.2 trillion, or 9 percent, lower than the previous year. The decline was largely attributed to lower interest rates. Interest expenses fell from Rs9.5 trillion to Rs7.3 trillion, representing a reduction of nearly one-fourth. Principal repayments, however, increased 29 percent to Rs4.5 trillion. Much of these repayments were financed through fresh borrowing. Gross Public Debt Reaches Rs86.7 Trillion Gross public debt, which represents the federal government’s responsibility, increased to Rs86.7 trillion. The stock rose by Rs6.2 trillion, or 7.7 percent, during the year. However, as a proportion of GDP, public debt declined from 70.6 percent to 68.3 percent. The improvement in the debt-to-GDP ratio reflects the impact of economic growth and fiscal consolidation, even as the overall debt stock continued to rise. Primary Surplus Provides Some Relief Pakistan recorded its third consecutive primary budget surplus under the IMF programme. The primary surplus excludes interest payments and was supported mainly by stronger tax collection and reductions in some subsidies. Officials noted that without the primary surplus, the country’s total debt stock would have crossed the Rs100 trillion mark and the debt-to-GDP ratio would have been higher. External Debt And Liabilities Reach $138.6 Billion In dollar terms, Pakistan’s external debt and liabilities increased to $138.6 billion by the end of FY2025-26, up $3.3 billion from the previous year. External debt growth remained slower than in earlier periods because of limited availability of foreign credit and the State Bank’s purchases of foreign currency from the domestic market. SBP Governor Jameel Ahmad said the central bank had cumulatively purchased $28 billion from the domestic market, including $9 billion during FY2025-26. Transparency Concerns Remain Despite the improvement in some fiscal indicators, concerns remain over the transparency of Pakistan’s overall debt obligations. A separate US State Department report on budget transparency observed that information on some government debt obligations, including significant liabilities of state-owned enterprises, remained limited. The report also raised concerns about the level of parliamentary and civilian oversight of military and intelligence budgets. It recommended timely publication of the executive budget proposal and greater disclosure of government debt and state-owned enterprise liabilities. Interest Payments Remain A Major Fiscal Burden Debt servicing continues to consume a significant portion of Pakistan’s fiscal resources. Interest payments alone are projected to reach around Rs8 trillion during the current fiscal year, underscoring the pressure debt servicing places on government spending. While the decline in the debt-to-GDP ratio and lower interest expenses provide some relief, the continued rise in the absolute debt stock remains a major challenge for Pakistan’s fiscal position.

PSX Extends Bullish Run as KSE-100 Surges Over 1,100 Points
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PSX Extends Bullish Run as KSE-100 Surges Over 1,100 Points

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Pakistan’s equity market continued its strong upward run as the Pakistan Stock Exchange (PSX) attracted fresh buying interest, pushing the benchmark KSE-100 Index higher by more than 1,100 points. The latest rally reflects improving investor confidence and renewed appetite for equities after a period of uncertainty. The move also highlights how quickly market sentiment can improve when concerns surrounding regional tensions and Pakistan’s economic outlook begin to ease. KSE-100 Index Gains Momentum The KSE-100 Index maintained a positive trajectory during the trading session, with buying activity strengthening across major index-heavy stocks. The benchmark remained firmly in positive territory as investors continued to take positions in leading companies. The latest advance adds to the broader recovery witnessed at the PSX in recent months. Earlier in May, the KSE-100 had also gained nearly 1,100 points as easing US-Iran tensions helped restore confidence in risk assets. The continued upward movement suggests that investors are increasingly willing to look beyond short-term volatility and focus on improving domestic fundamentals. Investor Confidence Supports Market Rally One of the key factors behind the market’s strength has been improving sentiment among local investors. Expectations of greater economic stability, relatively attractive equity valuations and optimism surrounding corporate earnings have encouraged fresh buying. The PSX has also benefited from periods of reduced geopolitical pressure. In June, the KSE-100 posted several strong sessions as easing concerns in the Middle East triggered broad-based buying in heavyweight sectors. On June 25, for example, the index gained 1,878 points and moved close to the 180,000-point level. This shows that geopolitical developments remain an important driver for Pakistan’s equity market, particularly because changes in global oil prices and regional stability can directly affect the country’s external account and investor sentiment. Blue-Chip Stocks Remain in Focus Large-cap companies continue to play an important role in determining the direction of the KSE-100. Banking, energy, fertilizer and other major sectors carry significant weight in the benchmark, meaning strong buying in these areas can quickly lift the overall index. Recent market sessions have demonstrated this trend, with heavyweight stocks such as banks and energy companies contributing substantially to index gains. For investors, this also means that the headline index movement does not necessarily represent equal gains across the market. While major index constituents may attract strong institutional buying, smaller stocks can experience very different price movements. Broader Market Outlook The latest rally strengthens the bullish narrative surrounding the PSX, but investors are likely to remain cautious about the risks that could interrupt the recovery. International oil prices, developments in the Middle East, domestic interest rates, inflation and Pakistan’s external financing position will remain important factors for the market. Any major deterioration in these areas could trigger profit-taking after the recent gains. At the same time, continued improvement in macroeconomic indicators and stronger corporate earnings could provide additional support to equities. The PSX has already demonstrated considerable resilience during 2026. Business Recorder data shows that the KSE-100 ended FY2026 with a gain of about 44%, underlining the scale of the market’s broader recovery. What the Rally Means for Investors The latest increase in the KSE-100 highlights the strong risk appetite currently present in Pakistan’s equity market. However, a sharp rise in the index should not automatically be interpreted as a signal that every listed stock is undervalued or that prices will continue moving higher without interruption. Investors will likely be watching whether buying interest remains broad-based and whether corporate earnings and economic fundamentals can justify the market’s elevated levels. For long-term investors, the key question is therefore not simply how many points the KSE-100 gains in a single session, but whether the underlying economic and corporate improvements can sustain the broader bullish trend. PSX Momentum Remains Strong The Pakistan Stock Exchange’s latest performance reinforces the view that investor sentiment has turned considerably more positive compared with earlier periods of heightened uncertainty. With the KSE-100 continuing to attract buying interest, the market could remain on investors’ radar in the coming sessions. However, geopolitical developments and domestic economic indicators will continue to determine whether the current rally develops into a sustained upward trend or faces another period of volatility. Investors should therefore focus on company fundamentals, earnings prospects and broader economic conditions rather than relying solely on short-term index movements.

More Companies Going Off-Grid: Kohinoor Textile Mills Installs 48.36 MW Battery Storage, 9.34 MW Solar
Breaking News

More Companies Going Off-Grid: Kohinoor Textile Mills Installs 48.36 MW Battery Storage, 9.34 MW Solar

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Kohinoor Textile Mills Limited has approved the installation of a 48.36 MW Battery Energy Storage System (BESS) along with an additional 9.34 MW solar power plant, marking another move by Pakistan’s textile industry towards captive renewable energy solutions. The Board of Directors approved the project as a material development under Pakistan Stock Exchange regulations. Project Size And Timeline The combined capacity of the planned battery storage and solar installations will reach 57.7 MW. Both the solar plant and Battery Energy Storage System are expected to begin commercial operations during the last month of the second quarter of financial year 2026-27. Strategic Focus On Energy Costs Kohinoor Textile Mills said the investment is aimed at achieving operational excellence and creating long-term value for stakeholders. The project is expected to generate significant savings in energy costs once it becomes operational, helping the company manage the impact of high electricity expenses on its manufacturing operations. Regulatory Disclosure The company disclosed the development in compliance with Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1(a) of the Pakistan Stock Exchange Regulations. Kohinoor Textile Mills informed the exchange on August 10, 2026, allowing TRE Certificate Holders to be notified of the development. Sustainability And Operational Push The investment reflects the company’s continued focus on sustainability and energy efficiency as manufacturers face rising power costs. The battery storage system will allow the company to store excess solar electricity and use it during periods of peak demand or higher electricity tariffs. This could improve energy reliability while helping reduce dependence on grid electricity. The project also highlights a broader shift within Pakistan’s industrial sector, particularly among manufacturers, towards captive renewable energy systems. Companies are increasingly exploring solar generation and battery storage to manage volatile power costs and strengthen the reliability of their energy supply.

JS Momentum Factor ETF Posts Worst Monthly Start In Years
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JS Momentum Factor ETF Posts Worst Monthly Start In Years

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JS Momentum Factor ETF (JSMFETF) opened the new financial year with a sharp decline, falling 9.09 percent in July 2026. Steepest July Loss In Recent History The drop marked the fund’s weakest July performance in the available data. It compared with a 0.57 percent fall in July of the previous year and strong gains in earlier periods. The benchmark JS Momentum Factor Index slipped 9.03 percent over the same month. The tracking difference stood at a narrow minus 0.06 percentage points. Net asset value stood at Rs9.79 at the end of July, while net assets were recorded at Rs1.38 billion. Heavy Sector Bets Amplified Pressure Cement stocks dominated the portfolio at 46.38 percent of equity holdings. Oil and gas marketing companies accounted for another 23.68 percent. Top positions included D.G. Khan Cement at 20.20 percent and Maple Leaf Cement at 19.26 percent. Sui Northern and Sui Southern Gas together made up nearly 24 percent. Momentum strategies can struggle when market leadership rotates sharply. July’s broader market volatility, driven by geopolitical tensions, put additional pressure on high-momentum stocks and contributed to the ETF’s weak performance. The fund, launched in January 2022, carries a high-risk profile. Its since-inception return remains strongly positive at more than 250 percent, although it has trailed the benchmark by roughly 10 percentage points. Investors should note that past performance does not guarantee future results. The ETF continues to rebalance monthly based on price momentum scores.

18 Major Companies Which Announce Strong Dividend Payouts On PSX
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18 Major Companies Which Announce Strong Dividend Payouts On PSX

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Several Pakistan Stock Exchange (PSX) listed companies have announced significant cash dividends in recent corporate filings, highlighting strong profitability across key sectors including banking, cement, consumer goods and energy. Banks And Cement Lead High Payouts Lucky Cement Limited announced a final cash dividend of 250 percent, equivalent to Rs5 per share. The company’s books will close on August 18, 2026. MCB Bank Limited declared a 90 percent interim dividend, while Meezan Bank Limited announced an 80 percent interim payout. Both banks will close their books on August 19. Habib Bank Limited approved a 60 percent interim dividend, with its books closing on August 17. Faysal Bank and Bank Alfalah also declared interim dividends of 15 percent and 30 percent respectively. Consumer And Energy Firms Join The List Pakistan Tobacco Company Limited announced a substantial 350 percent interim dividend, while Colgate-Palmolive (Pakistan) Limited declared a final dividend of 350 percent. Lucky Core Industries Limited approved a final payout of 262.5 percent, while Mari Energies Limited declared a final dividend of 187 percent. Bestway Cement Limited announced a 100 percent final dividend. Other notable announcements include Gadoon Textile Mills at 50 percent and Crescent Steel at 35 percent. These payouts reflect improved earnings across sectors including cement, banking and consumer goods. Investors holding shares before the respective book closure dates will be entitled to the announced dividends, subject to the applicable corporate action requirements. Investors Watch Dividend Dates Market participants continue to monitor upcoming book closures and payment timelines closely, as dividend announcements can influence investor sentiment and trading activity on the PSX. The strong payouts also highlight the importance of corporate earnings and cash-generation capacity when assessing dividend-paying companies.

Australian Federal Court Dismisses Indian Appeal In Basmati Word Mark Case
World

Australian Federal Court Dismisses Indian Appeal In Basmati Word Mark Case

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The Ministry of Commerce has welcomed the decision of the Federal Court of Australia to dismiss an appeal filed by India’s Agricultural and Processed Food Products Export Development Authority (APEDA) in the Basmati word mark case. The Australian court also ordered APEDA to pay the respondent’s costs, as agreed or taxed. The decision supports Pakistan’s longstanding position that Basmati is a geographical indication associated with a historically recognised growing region spanning parts of Pakistan and India. APEDA had sought to register the word “Basmati” as a certification trade mark for rice in Australia. However, a Delegate of the Australian Registrar of Trade Marks rejected the application on December 22, 2022, finding that the term could not distinguish rice certified by APEDA from Basmati rice legitimately produced and marketed by other traders. APEDA subsequently challenged the decision before the Federal Court of Australia. Australian Court Upholds Pakistani Basmati Claim The Registrar’s earlier decision expressly recognised that Basmati rice is also grown in Pakistan and that Pakistani traders have an equally valid claim to use the term. By dismissing APEDA’s appeal, the Federal Court upheld those findings. The outcome represents an important development in Pakistan’s efforts to protect its interests in international markets and challenges any attempt to establish exclusive national rights over the Basmati name. Pakistan Rejects Exclusive Rights Over Basmati Pakistan has consistently opposed efforts by India to claim exclusive rights over the Basmati name in international markets. The Ministry of Commerce has coordinated with relevant national institutions and stakeholders to protect Pakistan’s legitimate interests and preserve the rights of Pakistani producers and exporters. The government maintains that Basmati originates from a historically recognised growing region spanning areas of both Pakistan and India. It therefore argues that no single national authority should be able to claim exclusive rights over the term to the exclusion of producers and exporters with an equally legitimate right to use it. Basmati Decision Protects Pakistan’s Export Interests The Australian ruling is significant for Pakistan’s Basmati growers, millers and exporters because it preserves their ability to market authentic Pakistani Basmati rice in Australia. Basmati remains an important component of Pakistan’s agricultural heritage and export identity. Protecting the name in international markets is therefore important not only from an intellectual-property perspective but also for maintaining the commercial reputation of Pakistani rice. The Ministry of Commerce said it will continue pursuing protection for Basmati in foreign jurisdictions based on its historical origin, established reputation and distinctive qualities. Commerce Minister Welcomes Australian Court Decision Federal Minister for Commerce Jam Kamal Khan appreciated the Ministry of Commerce team, relevant officials and stakeholders for their coordinated efforts in safeguarding Pakistan’s legitimate rights and interests in the case. He described the outcome as an important achievement for Pakistan’s agricultural heritage, commercial interests and export identity. The Australian Federal Court decision provides Pakistan with another significant development in its efforts to protect the Basmati name internationally and safeguard the interests of its growers, millers and exporters.

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