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Pakistan YouTube Creators Capture Global Audiences As 60% Watch Time Comes From Abroad
Pakistan

Pakistan YouTube Creators Capture Global Audiences As 60% Watch Time Comes From Abroad

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Pakistani Creators Expand Global Reach Through YouTube Pakistan’s YouTube ecosystem is among the world’s most vibrant, driven by creators who are winning audiences far beyond national borders. More than 140,000 Pakistani channels have crossed 10,000 subscribers. Over 19,000 have passed 100,000, while more than 1,200 have reached one million. In the past year alone, these channels uploaded 20 million hours of content. The standout figure is reach: 60% of watch time for Pakistani content now comes from outside the country. Global Reach Fuels Digital Economy Viewers from South Asia, the Middle East, Europe and North America are tuning in at record rates. The numbers reflect quality, authenticity and universal appeal rather than local popularity alone. Farhan Qureshi, Cluster Director for Pakistan, Philippines, Thailand and Frontier Markets at Google, said creators are proving world-class storytelling knows no borders. Through YouTube, they share culture and innovation while building sustainable businesses and employment. He added that pairing YouTube’s global platform with Pakistani talent unlocks economic mobility and strengthens the wider digital economy. Popular Content Formats Continue To Grow Shahveer Jaffry, with nearly four million subscribers, turns everyday friendships into repeatable long-form reality series. Episodes often run 30 minutes or less and feature a regular cast, creating continuity that keeps audiences returning. WildLens by Abrar has more than 2.2 million subscribers. Aerospace engineer Abrar Hassan rode a motorbike from Germany to Pakistan during COVID and documented the journey. He has since visited more than 90 countries and now narrates travel stories in Urdu and Punjabi for South Asian audiences worldwide. Food Fusion, launched in 2016, became the first Pakistani food channel to cross one billion views and now has more than five million subscribers. Its short, tightly edited recipes continue to attract home cooks and food enthusiasts across the globe. Rana Hamza Saif, with more than 1.6 million subscribers, combines high-quality production with engaging formats such as city food tours and “Letting the Person in Front of Me Decide,” helping his content reach audiences well beyond Pakistan. Long-Form Content Gains International Viewers Minoqtopus, run by Minahil Temur, produces long-form video essays covering technical, social and cultural subjects with journalistic depth. By focusing on thoughtful storytelling instead of quick algorithm-driven formats, the channel continues to attract dedicated viewers. Something Haute, co-founded by journalists Aamna Haider Isani and Hassan Choudary, has helped popularise drama reviews on YouTube through celebrity interviews, entertainment analysis and industry discussions that resonate with audiences in Pakistan and among the overseas diaspora. Pakistan’s Creator Economy Continues To Expand The momentum shows no sign of slowing as new channels emerge and established creators continue raising storytelling standards. With a growing international audience and increasing creator success, Pakistan’s YouTube ecosystem is strengthening the country’s digital economy while showcasing local talent to viewers around the world.

BingX Launches Dedicated Trust Center To Enhance Transparency Pakistan, July 29, 2026 – BingX, a leading cryptocurrency exchange and Web3-AI company, has launched its dedicated Trust Center, bringing together the platform's security framework, asset transparency, and long-term operational milestones. The initiative reflects BingX's continued investment in building a resilient platform trusted by more than 40 million users worldwide. As trust and transparency become increasingly important across the broader industry, BingX continues to strengthen the foundations that support its long-term growth. Over the past eight years, BingX has focused on building trust through consistent operations, transparent asset protection, robust risk management, and a user-first approach. Pablo Monti, Spokesperson of BingX, said trust is earned through consistent transparency, reliable operations and an unwavering commitment to users. He added that every milestone, from Proof of Reserves and global compliance to strategic partnerships and product innovation, reflects the company's commitment to building a platform users can rely on for the long term. Trust Framework Backed By Proof Of Reserves And Security Standards The platform's trust framework includes 100% Proof of Reserves through monthly Merkle Tree snapshots. According to the latest reserve report issued on July 15, 2026, BingX maintains a BTC reserve ratio of 142.82%, an ETH reserve ratio of 126.48%, a USDT reserve ratio of 131.83% and a USDC reserve ratio of 124.41%, demonstrating full backing of user assets. BingX further strengthens user protection through a US$150 million Shield Fund, together with multi-layer asset protection, multi-signature authorisation, tiered cold, warm and hot wallet architecture, real-time risk monitoring and 24/7 global customer support. The platform has also achieved internationally recognised PCI DSS 4.0.1 and ISO/IEC 27001 certifications, validating its controls across information protection, risk management, operational resilience and incident response. Regular third-party security assessments further reinforce BingX's commitment to maintaining a secure trading environment. Global Expansion Driven By Compliance And Innovation Alongside its security framework, BingX continues to expand its global footprint through regulatory progress and product innovation. The company has advanced its presence in Europe, where BingX EU has submitted an application for authorisation as a crypto-asset service provider under MiCAR, reinforcing its commitment to compliant growth. BingX is also continuing its evolution into a leading multi-asset trading platform. Through BingX TradFi, eligible users can access traditional financial markets, including stocks, commodities, forex and indices, alongside cryptocurrencies, subject to regional regulations and eligibility requirements. Strategic Partnerships Strengthen Global Presence BingX's long-term commitment to trust extends beyond its platform through partnerships with globally recognised organisations, reinforcing its credibility and strengthening its international presence. Its partnership with Chelsea Football Club has continued to grow over the past two years, evolving from Official Sleeve Partner to Official Training Wear Partner while featuring global initiatives such as the "Trained on Greatness" campaign. In 2026, BingX renewed its partnership with Chelsea FC, extending a collaboration built on shared values of discipline, excellence and continuous improvement. The company also became Scuderia Ferrari HP's first-ever crypto exchange partner in 2026 through a multi-year agreement focused on performance, innovation and delivering unique experiences to users worldwide. BingX Expands Social Impact Through Charity Initiatives BingX believes trust is built not only through technology and security but also through meaningful contributions to society. Supported by a US$10 million BingX Charity Fund, the company has contributed to humanitarian relief, education, environmental sustainability and community development initiatives since 2022. Recent projects include a year-long partnership with Save the Children supporting vulnerable children in Bosnia and Herzegovina, disaster relief efforts across Asia, assistance for communities affected by the 2025 Hong Kong fires, and ongoing educational and environmental programmes worldwide. Through BingX Charity, the company aims to translate its global reach into tangible support for people, communities and environmental causes. About BingX Founded in 2018, BingX is a leading crypto exchange and Web3-AI company serving more than 40 million users worldwide. Ranked among the world's top five crypto derivatives exchanges and recognised as a pioneer in crypto copy trading, BingX offers AI-driven products and services, including futures, spot trading, copy trading and TradFi solutions. The company has been the principal partner of Chelsea FC since 2024 and became the first official crypto exchange partner of Scuderia Ferrari HP in 2026. Keywords: BingX Trust Center, BingX Proof of Reserves, BingX Shield Fund, cryptocurrency exchange, Web3 AI, BingX security, crypto trading platform, BingX compliance, crypto transparency, BingX partnerships Key Phrase: BingX Trust Center Meta Description: BingX has launched its dedicated Trust Center, showcasing Proof of Reserves, a US$150 million Shield Fund, internationally recognised security certifications and its commitment to transparency, compliance and global expansion.
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BingX Strengthens Market Confidence with Dedicated Trust Center

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BingX Launches Dedicated Trust Center To Enhance Transparency Pakistan, July 29, 2026 – BingX, a leading cryptocurrency exchange and Web3-AI company, has launched its dedicated Trust Center, bringing together the platform’s security framework, asset transparency, and long-term operational milestones. The initiative reflects BingX’s continued investment in building a resilient platform trusted by more than 40 million users worldwide. As trust and transparency become increasingly important across the broader industry, BingX continues to strengthen the foundations that support its long-term growth. Over the past eight years, BingX has focused on building trust through consistent operations, transparent asset protection, robust risk management, and a user-first approach. Pablo Monti, Spokesperson of BingX, said trust is earned through consistent transparency, reliable operations and an unwavering commitment to users. He added that every milestone, from Proof of Reserves and global compliance to strategic partnerships and product innovation, reflects the company’s commitment to building a platform users can rely on for the long term. Trust Framework Backed By Proof Of Reserves And Security Standards The platform’s trust framework includes 100% Proof of Reserves through monthly Merkle Tree snapshots. According to the latest reserve report issued on July 15, 2026, BingX maintains a BTC reserve ratio of 142.82%, an ETH reserve ratio of 126.48%, a USDT reserve ratio of 131.83% and a USDC reserve ratio of 124.41%, demonstrating full backing of user assets. BingX further strengthens user protection through a US$150 million Shield Fund, together with multi-layer asset protection, multi-signature authorisation, tiered cold, warm and hot wallet architecture, real-time risk monitoring and 24/7 global customer support. The platform has also achieved internationally recognised PCI DSS 4.0.1 and ISO/IEC 27001 certifications, validating its controls across information protection, risk management, operational resilience and incident response. Regular third-party security assessments further reinforce BingX’s commitment to maintaining a secure trading environment. Global Expansion Driven By Compliance And Innovation Alongside its security framework, BingX continues to expand its global footprint through regulatory progress and product innovation. The company has advanced its presence in Europe, where BingX EU has submitted an application for authorisation as a crypto-asset service provider under MiCAR, reinforcing its commitment to compliant growth. BingX is also continuing its evolution into a leading multi-asset trading platform. Through BingX TradFi, eligible users can access traditional financial markets, including stocks, commodities, forex and indices, alongside cryptocurrencies, subject to regional regulations and eligibility requirements. Strategic Partnerships Strengthen Global Presence BingX’s long-term commitment to trust extends beyond its platform through partnerships with globally recognised organisations, reinforcing its credibility and strengthening its international presence. Its partnership with Chelsea Football Club has continued to grow over the past two years, evolving from Official Sleeve Partner to Official Training Wear Partner while featuring global initiatives such as the “Trained on Greatness” campaign. In 2026, BingX renewed its partnership with Chelsea FC, extending a collaboration built on shared values of discipline, excellence and continuous improvement. The company also became Scuderia Ferrari HP’s first-ever crypto exchange partner in 2026 through a multi-year agreement focused on performance, innovation and delivering unique experiences to users worldwide. BingX Expands Social Impact Through Charity Initiatives BingX believes trust is built not only through technology and security but also through meaningful contributions to society. Supported by a US$10 million BingX Charity Fund, the company has contributed to humanitarian relief, education, environmental sustainability and community development initiatives since 2022. Recent projects include a year-long partnership with Save the Children supporting vulnerable children in Bosnia and Herzegovina, disaster relief efforts across Asia, assistance for communities affected by the 2025 Hong Kong fires, and ongoing educational and environmental programmes worldwide. Through BingX Charity, the company aims to translate its global reach into tangible support for people, communities and environmental causes. About BingX Founded in 2018, BingX is a leading crypto exchange and Web3-AI company serving more than 40 million users worldwide. Ranked among the world’s top five crypto derivatives exchanges and recognised as a pioneer in crypto copy trading, BingX offers AI-driven products and services, including futures, spot trading, copy trading and TradFi solutions. The company has been the principal partner of Chelsea FC since 2024 and became the first official crypto exchange partner of Scuderia Ferrari HP in 2026.

K-Electric’s Thar Coal Initiative Paves The Way For Doubling Block-1 Mine Capacity And JPCL’s Full Conversion To Indigenous Coal By 2029
Pakistan

K-Electric’s Thar Coal Initiative Paves The Way For Doubling Block-1 Mine Capacity And JPCL’s Full Conversion To Indigenous Coal By 2029

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Stakeholders Advance Plan For Jamshoro Power Project’s Shift To Thar Coal Thar, July 29, 2026: A high-level stakeholder meeting was held at the Thar Block-1 mine site to advance discussions on the supply of indigenous Thar coal for the 660 MW Jamshoro Power Project. The meeting was attended by Chairman of K-Electric Limited (KE) Mr. Shaheryar Arshad Chishty, Managing Director of the Thar Coal Energy Board (TCEB) Mr. Tariq Ali Shah, Chief Executive Officer of Sino Sindh Resources Limited (SSRL) Mr. Li Jigen, Chief Executive Officer of Jamshoro Power Company Limited (JPCL) Mr. Muhammad Abdul Vakil, representatives of the Private Power and Infrastructure Board (PPIB), and other relevant stakeholders. Discussions focused on coal supply arrangements for the Jamshoro project during its interim blended-coal operations and following its proposed conversion to full utilisation of Thar coal. The initiative was also considered in the context of KE’s wider generation transformation programme, including opportunities to align suitable assets within its own portfolio with indigenous fuel sources. Independent Study Highlights $3.2 Billion Economic Benefit Recognising the wider importance of converting the Jamshoro project to Thar coal for Pakistan’s power sector, KE funded and commissioned an independent bankable feasibility study by German engineering consultant Dornier Power and Heat GmbH. The study established the technical and economic viability of the proposed conversion and estimated that it could generate economic benefits of approximately $3.2 billion over the project’s remaining life, based on the study’s underlying assumptions. The conversion could also significantly reduce imported coal requirements and conserve valuable foreign exchange. KE Chairman Mr. Shaheryar Arshad Chishty reaffirmed the company’s commitment to pursuing viable opportunities for lowering the underlying cost of electricity for Karachi’s consumers. He said greater utilisation of Pakistan’s indigenous energy resources could support affordable electricity, strengthen energy security and reduce pressure on the country’s foreign exchange reserves. He added that the Jamshoro conversion, together with KE’s efforts to optimise its own generation portfolio, forms part of the company’s broader operational and financial transformation. Block-1 Mine Capacity Set To Double KE highlighted that the combined off-take requirements of the Jamshoro project and its future generation portfolio would create the long-term demand needed to justify expanding the Block-1 mine from approximately 7.8 million tonnes per annum (MTPA) to around 15.6 MTPA. In response to this projected demand, SSRL confirmed its readiness to undertake the mine expansion ahead of JPCL’s planned transition from imported coal to indigenous Thar coal by 2029. The expansion is expected to ensure uninterrupted long-term coal supplies while improving the cost competitiveness of Thar coal. SSRL Plans Technology-Driven Expansion CEO of SSRL Mr. Li Jigen expressed confidence that the company could complete the proposed expansion using its own financial resources. He noted that the project would benefit from comparatively limited incremental overburden removal requirements and would incorporate modern mining technologies, including electric mining vehicles, greater use of grid-supplied electricity instead of diesel-powered equipment where feasible, and advanced Bucket Chain Excavator (BCE) systems. These measures are expected to improve mining efficiency, reduce operating costs, minimise the project’s environmental footprint and further lower the long-term cost of Thar coal. SSRL, JPCL and KE also agreed to conclude the required Coal Supply Agreement (CSA) at the earliest to enable timely procurement of critical mining equipment, particularly electric dump trucks and other long-lead mining assets. Stakeholders Back National Energy Transition Managing Director of TCEB Mr. Tariq Ali Shah reaffirmed the Board’s commitment to facilitating the proposed mine expansion and undertaking the necessary regulatory actions within its mandate to improve mining efficiencies and reduce coal tariffs for electricity consumers. JPCL and PPIB also expressed support for moving the initiative forward, while stakeholders agreed on coordinated follow-up actions covering the required technical, commercial, regulatory and supply arrangements. KE Reaffirms Commitment To Affordable And Sustainable Energy KE said its funding of the feasibility study and continued engagement with stakeholders reflect its commitment to supporting initiatives of national importance. The company stated that lowering generation costs and reducing dependence on imported fuels could help provide consumer relief, conserve foreign exchange and create a pathway towards gradually reducing the power sector’s reliance on Government of Pakistan-funded tariff support.

ADB-Backed Pakistan Border Connectivity Upgrade Aims to Boost Regional Trade Corridors
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ADB-Backed Pakistan Border Connectivity Upgrade Aims to Boost Regional Trade Corridors

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Pakistan is set to receive a major boost to its trade and transport network through an ADB-backed Pakistan Border Connectivity Upgrade, with a new financing facility expected to be approved in the coming weeks. The initiative aims to modernise border infrastructure, improve logistics, strengthen regional trade corridors and enhance Pakistan’s connectivity with neighbouring countries under the Central Asia Regional Economic Cooperation (CAREC) programme. The development was shared during a meeting between a delegation from the CAREC Secretariat and Federal Minister for Commerce Jam Kamal Khan, where both sides reviewed ongoing regional initiatives designed to expand trade, attract investment and deepen economic integration among CAREC member states. Officials said the proposed Border Connectivity and Logistics Upgrade Facility, backed by the Asian Development Bank (ADB), will play a key role in improving Pakistan’s border management systems, reducing logistical bottlenecks and facilitating faster cross-border movement of goods. ADB Facility to Modernise Border Infrastructure During the meeting, the CAREC delegation informed the Commerce Minister that the ADB-supported facility is expected to receive formal approval within the next few weeks. Once approved, the programme will support the modernisation of Pakistan’s border infrastructure through improvements in logistics facilities, customs operations and transport connectivity. Officials said better border infrastructure would enhance trade efficiency, lower transportation costs and strengthen Pakistan’s position as a regional transit and trade hub linking South Asia with Central Asia and beyond. The initiative also aligns with Pakistan’s broader objective of improving trade competitiveness by developing modern border facilities capable of handling increasing regional trade volumes. Pakistan Advances CAREC Trade Agenda The delegation also briefed the Minister on Pakistan’s active participation in implementing the Regional Trade and Investment Facilitation Partnership (CARIF) framework. According to CAREC officials, the framework is now entering its operational phase and is expected to improve regional trade facilitation, logistics cooperation and cross-border investment among member countries. The CARIF initiative aims to simplify trade procedures, strengthen customs cooperation and encourage greater private sector participation in regional commerce. Officials said Pakistan’s continued engagement demonstrates its commitment to promoting open markets, improving regional supply chains and expanding economic partnerships with neighbouring economies. CAREC Conference in Mongolia to Focus on Regional Growth The meeting also reviewed preparations for the upcoming CAREC Ministerial Conference and Business Forum, scheduled to take place in Mongolia on September 29-30, 2026. The CAREC Secretariat formally invited Commerce Minister Jam Kamal Khan to participate in the event, which is expected to bring together ministers, senior government officials, international development partners, investors and business leaders from across the region. The accompanying Business Forum will focus on key sectors driving regional economic cooperation, including logistics, energy security, critical minerals, digital connectivity, investment opportunities and private-sector collaboration. Officials believe the conference will provide an important platform for strengthening economic partnerships and identifying new investment opportunities across the CAREC region. Regional Chambers Alliance to Boost Private Sector Cooperation The CAREC delegation also shared plans to establish a Regional Chambers Alliance, an initiative supported by the ADB to strengthen business-to-business cooperation among Chambers of Commerce and Industry across member countries. The proposed alliance aims to improve networking opportunities, facilitate commercial partnerships and encourage greater private sector engagement in regional trade initiatives. Officials said stronger institutional cooperation between business organisations would help create new investment opportunities while supporting the growth of regional value chains. The initiative is expected to complement government-led trade facilitation efforts by increasing collaboration between exporters, manufacturers and investors throughout the CAREC region. Digital Corridor Study to Strengthen Regional Connectivity Another key topic discussed during the meeting was the ADB-supported Digital Corridor Study, which includes Pakistan alongside other CAREC member countries. The study seeks to identify opportunities for improving digital infrastructure, expanding cross-border digital connectivity and promoting technology-driven trade across the region. Officials said stronger digital connectivity would support modern customs systems, facilitate e-commerce, improve information sharing and enhance the efficiency of regional supply chains. The project also reflects growing regional efforts to integrate digital technologies into trade and logistics networks to support long-term economic growth. Pakistan Reaffirms Commitment to Regional Integration Commerce Minister Jam Kamal Khan welcomed the continued support of the CAREC Secretariat and the Asian Development Bank in advancing regional economic cooperation. He reaffirmed Pakistan’s commitment to strengthening trade, connectivity and investment partnerships with CAREC member countries through infrastructure development, policy reforms and enhanced regional collaboration. The Minister said initiatives such as the Pakistan Border Connectivity Upgrade, CARIF framework and Digital Corridor Study would contribute to improving Pakistan’s trade competitiveness while creating new opportunities for businesses and investors. With the ADB-backed border infrastructure programme expected to receive approval in the coming weeks, Pakistan is preparing to strengthen its transport and logistics network as part of broader efforts to expand regional commerce and economic integration.

Johnson & Johnson Offers $5.5bn To Settle Thousands Of Baby Powder Cancer Claims
Business

Johnson & Johnson Offers $5.5bn To Settle Thousands Of Baby Powder Cancer Claims

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Settlement Covers Nearly All Remaining Claims Johnson & Johnson has proposed a $5.5 billion settlement to resolve tens of thousands of lawsuits alleging its talc-based baby powder caused ovarian cancer. The company continues to deny any link between its talc products and cancer. The deal, announced on July 27, would cover approximately 76,000 claims pending in US federal and state courts. It represents nearly all remaining ovarian cancer cases linked to the company’s former talc products. The agreement still requires acceptance by law firms representing at least 95 percent of the claimants before it becomes final. J&J said the settlement is intended to bring closure to more than 15 years of litigation. The company expects to pay up to $3 billion in 2027, with further payments due no earlier than 2028. The total amount could rise depending on how many eligible claimants participate. J&J has long maintained that its talc products were safe, did not contain asbestos, and did not cause cancer. In a statement, the firm described the claims as lacking scientific merit. Company Stands By Product Safety Erik Haas, the company’s vice president of litigation, said J&J was confident it would have prevailed in court but chose to settle to put the matter behind it. The pharmaceutical giant stopped selling talc-based Johnson’s Baby Powder in the United States and Canada in 2020. It discontinued the product globally in 2023 and switched to a cornstarch formula. The company has previously settled most mesothelioma claims related to its talc products. It has also resolved consumer protection cases brought by US states. Settlement Could Exceed Initial Estimate The latest proposal follows a recent federal court ruling that questioned plaintiffs’ ability to prove specific causation in individual cases. Plaintiffs’ lawyers involved in the talks described the deal as a fair resolution after a long legal battle. One attorney representing thousands of claimants said the final payout could exceed $7 billion if participation is high. The litigation has dogged J&J for over a decade and led to several large jury verdicts in individual trials. Despite the settlements and product changes, the company continues to stand by the safety of its former talc-based powder. It cites decades of independent studies and testing that, according to J&J, found no asbestos and no causal link to cancer. Deal Awaits Final Claimant Approval The proposed deal would largely end the remaining US ovarian cancer litigation if enough claimants join.

FTO Orders FBR Probe Into Alleged iPhone 16 Courier Scam Involving FedEx And Customs
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FTO Orders FBR Probe Into Alleged iPhone 16 Courier Scam Involving FedEx And Customs

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Federal Tax Ombudsman Orders Investigation Into Alleged Courier Fraud The Federal Tax Ombudsman (FTO) has ordered the Federal Board of Revenue (FBR) to launch a comprehensive investigation into an alleged iPhone 16 courier scam involving courier company FedEx, Customs officials and private individuals. The inquiry follows a complaint alleging that a duty-paid iPhone 16 Plus was fraudulently released to another person using forged documents, raising concerns about possible weaknesses in Pakistan’s courier import clearance system. In an order issued on Tuesday, Federal Tax Ombudsman Zafar Hijazi described the case as a possible organised fraud and directed the FBR to determine whether similar incidents have occurred across the country. The Ombudsman said the alleged manipulation of import documents and unauthorised release of a mobile phone warranted a wider investigation in the public interest. Duty-Paid iPhone Never Reached Consignee The case was filed by Muhammad Nausherwan Khan, who stated that his sister in Canada sent him an iPhone 16 Plus through FedEx in December 2024. After the handset arrived in Karachi, Khan paid Rs138,526 in Pakistan Telecommunication Authority (PTA) taxes and completed the required formalities for customs clearance. Despite fulfilling all legal requirements, he alleged that the mobile phone was never delivered to him. According to the complaint, Khan later discovered that the device had allegedly been released to another individual after a forged authority letter was used during the clearance process. The complainant argued that he remained the lawful consignee throughout the import process but was deprived of possession of his duty-paid phone for more than one and a half years. Customs Defends Clearance Process During the proceedings, Customs officials maintained that the mobile phone had been released after verifying the original detention receipt, invoice and other supporting documents presented by a clearing agent. However, the Ombudsman questioned why the rightful consignee was denied possession despite personally approaching Customs authorities to claim the device. The investigation further revealed inconsistencies in the courier documentation. According to the FTO’s findings, the consignee’s name remained unchanged in the tracking records and import documents, but the address and contact details were allegedly replaced with those of another individual in the airway bill and invoice. The Ombudsman observed that such alterations suggested deliberate manipulation rather than a routine administrative error. FTO Sees Signs Of An Organised Scam In his order, Ombudsman Zafar Hijazi stated that the available evidence pointed to a coordinated scheme through which a legally imported and duty-paid mobile phone was allegedly diverted from its rightful owner. He noted that the apparent alteration of shipping records and the alleged use of forged authorisation documents indicated a possible organised fraud involving multiple parties. Although the complainant later informed the Ombudsman that his personal grievance had been resolved, the FTO decided to continue pursuing the broader matter. The Ombudsman said the case had highlighted potential weaknesses in the courier import clearance system that could expose other consumers to similar fraud. FBR Directed To Conduct Nationwide Inquiry To determine whether the alleged iPhone 16 courier scam extends beyond a single incident, the FTO recommended that the FBR instruct the Chief Collector of Customs (Airports) to carry out a targeted investigation. The Ombudsman directed authorities to obtain courier import records covering the period from January 2025 to June 2026 to identify any similar cases involving unauthorised release of imported goods. The inquiry will also examine the alleged use of forged authority letters and investigate whether any Customs officials or private individuals facilitated the fraudulent clearance of courier shipments. Where sufficient evidence is found, the Ombudsman recommended initiating both legal and disciplinary proceedings against those responsible. Standard Operating Procedures Recommended In addition to the investigation, the FTO has recommended introducing a uniform standard operating procedure (SOP) for courier import clearances at all international airports in Pakistan. The proposed reforms are intended to strengthen verification procedures, improve accountability and reduce the risk of imported goods being released to unauthorised individuals. Officials believe that standardised clearance procedures could help protect legitimate importers, improve transparency and restore public confidence in Pakistan’s courier and customs systems. The FTO emphasised that the inquiry should not only establish responsibility for the alleged fraud but also identify systemic weaknesses that may have enabled such incidents to occur. The investigation is expected to determine whether the case was an isolated occurrence or part of a broader pattern affecting courier imports across the country.

Wheat Shortage Forces Govt To Consider Import Of 1 Million Tonnes
Pakistan

Wheat Shortage Forces Govt To Consider Import Of 1 Million Tonnes

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Government Reviews Wheat Supply Amid Declining Emergency Reserves Pakistan is considering the import of one million tonnes of wheat after a nationwide shortage of grain significantly reduced emergency reserves, prompting the federal government to take urgent steps to ensure uninterrupted food supplies. The Pakistan wheat import plan is aimed at bridging the gap between domestic demand and available stocks while preventing shortages and price volatility in the coming months. The decision was made during a high-level meeting of the Wheat Board chaired by National Food Security Minister Rana Tanveer Hussain, where officials reviewed the country’s wheat availability, provincial demand, and future supply strategy. Government officials concluded that existing wheat reserves are no longer sufficient to meet the combined requirements of the provinces, making imports a necessary option to maintain stable supplies across the country. Provincial Demand Exceeds Available Wheat Stocks During the meeting, officials conducted a comprehensive assessment of wheat availability across Pakistan and reviewed the stock position maintained by the Pakistan Agricultural Storage and Services Corporation (Passco). The review found that the combined wheat demand submitted by all provinces had exceeded the emergency reserves currently held by Passco. According to officials, the available government stocks are no longer adequate to meet provincial requirements, raising concerns over future supply if additional wheat is not arranged in time. The Wheat Board agreed that immediate planning is required to avoid shortages and ensure sufficient grain remains available throughout the country. Govt Explores Import Of One Million Tonnes Following the review, the federal government decided to begin exploring the import of approximately one million tonnes of wheat. Officials said the proposed import volume would be determined in consultation with provincial governments to ensure that procurement reflects actual regional demand. The meeting concluded that importing wheat would help strengthen national reserves, support uninterrupted distribution, and reduce the risk of supply disruptions in both urban and rural areas. Authorities stressed that the proposed imports are currently under consideration and will proceed after consultations with the provinces and completion of the necessary procurement process. Import Plan Aims To Stabilise Domestic Wheat Supply The government said the primary objective of the Pakistan wheat import plan is to prevent market instability and maintain a balanced supply of wheat across the country. Officials warned that without additional stocks, growing provincial demand could place further pressure on the domestic market, potentially affecting wheat availability and prices. By replenishing government reserves through imports, authorities hope to ensure that wheat remains accessible in all regions while protecting consumers from possible supply shortages. The strategy also seeks to provide provincial governments with adequate stocks to meet local distribution needs during the coming months. Food Security Remains Govt’s Priority National Food Security Minister Rana Tanveer Hussain emphasised the importance of maintaining sufficient wheat reserves to safeguard Pakistan’s food security. The meeting reviewed provincial requirements in detail and agreed that coordinated planning between the federal and provincial governments would be essential for managing wheat supplies efficiently. Officials noted that timely procurement decisions would help avoid disruptions in the grain market and ensure the smooth distribution of wheat across the country. The Wheat Board also reaffirmed its commitment to monitoring stock levels closely and responding quickly to changing supply and demand conditions. Govt Seeks To Prevent Market Disruptions The proposed wheat import operation forms part of the government’s broader strategy to maintain stable food supplies and avoid pressure on domestic markets. Officials said the collective demand from the provinces has now surpassed the emergency reserves available with Passco, making additional procurement increasingly important. If approved, the import of one million tonnes of wheat would replenish strategic reserves and provide greater flexibility in managing supplies nationwide. The federal government is expected to continue consultations with provincial authorities before finalising the procurement process, with the objective of ensuring sufficient wheat availability and protecting national food security.

Power Division Blames Finance Ministry As Pakistan Circular Debt Rises To Rs1.675tr
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Power Division Blames Finance Ministry As Pakistan Circular Debt Rises To Rs1.675tr

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Budget Cuts Push Pakistan’s Power Sector Circular Debt Higher Pakistan’s power sector circular debt increased to Rs1.675 trillion by the end of fiscal year 2025-26, with the Power Division attributing the rise to a reduction in budgeted financial support by the Ministry of Finance. According to the ministry, the Pakistan power sector circular debt would have declined further had the full budget allocation for the sector been released. In a statement issued on Tuesday, the Power Division said the circular debt, excluding K-Electric, rose to Rs1.675 trillion on June 30, 2026, compared with Rs1.614 trillion a year earlier. The division maintained that the increase was not caused by operational weaknesses but by a reduction in government funding during the fiscal year. The Power Division stated that a Rs98 billion cut in the allocated budget resulted in an additional Rs61 billion being added to the circular debt stock. The ministry has not yet released its end-of-year financial report, explaining that the document is still awaiting regulatory and statutory approvals. Budget Reduction Blamed For Circular Debt Increase The Power Division said the federal government had initially earmarked Rs893 billion for the power sector in the FY2025-26 budget. However, it said a further Rs98 billion was deducted under the government’s austerity measures before the budget was finally approved. According to the division, if the power sector had received the full amount originally allocated, the circular debt would have fallen to approximately Rs1.577 trillion instead of increasing. Budget documents presented to Parliament showed that Rs1.036 trillion had originally been proposed for power sector subsidies. The allocation was later revised to Rs893 billion during the presentation of the FY2026-27 federal budget. The Power Division now says another Rs98 billion reduction effectively lowered the subsidy allocation to Rs795 billion, limiting the government’s ability to reduce outstanding liabilities. The ministry argued that the increase in circular debt should therefore be viewed as a temporary financial consequence of reduced budgetary support rather than evidence of deteriorating sector performance. IMF Targets And Government Commitments The increase comes despite Pakistan’s commitment under its International Monetary Fund (IMF) programme to prevent any further accumulation of circular debt while gradually reducing the overall stock. The Power Division noted that Pakistan successfully achieved its end-December 2025 circular debt target, a milestone that was acknowledged and appreciated by the IMF during programme reviews. Officials maintained that the latest increase was largely driven by fiscal adjustments rather than failures in reform implementation, stressing that the government’s broader commitments under the IMF programme remain unchanged. Distribution Company Losses Continue To Decline While explaining the rise in circular debt, the Power Division highlighted improvements in the operational performance of state-owned electricity distribution companies (DISCOs). According to the ministry, distribution company losses declined significantly over the past two fiscal years. Losses stood at Rs591 billion in FY2023-24 before falling by Rs193 billion to Rs397 billion in FY2024-25. During FY2025-26, the Power Division said those losses were reduced further to Rs326 billion, representing a cumulative decline of Rs265 billion over two years. Officials described the reduction as evidence that ongoing reforms aimed at improving operational efficiency, reducing electricity theft, and strengthening financial management are beginning to deliver measurable results. Power Division Defends Reform Programme The Power Division insisted that recent financial data demonstrate continued progress in restructuring Pakistan’s electricity sector. It said the reforms introduced across the energy sector have strengthened operational performance while reducing financial losses, despite budgetary pressures faced by the government. According to the ministry, the latest increase in Pakistan power sector circular debt should not be interpreted as a reversal of reform efforts because it resulted primarily from lower-than-expected budgetary support rather than inefficiencies within power companies. Officials maintained that improvements in the financial health of distribution companies reflect sustained policy implementation and better governance across the sector. Govt Reaffirms Commitment To Sustainable Energy Sector The Power Division said it remains committed to continuing reforms designed to make Pakistan’s electricity sector financially sustainable while ensuring reliable power supply for consumers. It reiterated that the budget reduction was a temporary fiscal measure linked to broader government austerity efforts and not an indication of weakening sector performance. Going forward, officials said the government will continue implementing structural reforms aimed at reducing losses, improving recoveries, strengthening the financial position of power companies, and gradually lowering the country’s circular debt in line with commitments made under the IMF programme.

Privatisation Commission Proposes PIA-Style Model To Privatise 3 DISCOs
Business

Privatisation Commission Proposes PIA-Style Model To Privatise 3 DISCOs

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The Privatisation Commission (PC) board has proposed setting up a special purpose vehicle to strip selected liabilities and assets from three power distribution companies, following the same model used for Pakistan International Airlines. SPV To Clean Balance Sheets Positive Equity Push For FESCO, GEPCO, IESCO The move aims to hand over Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO) and Islamabad Electric Supply Company (IESCO) with positive equity to private buyers. Land assets and pensioners’ liabilities will be separated from the companies’ balance sheets and parked in a government-owned special purpose vehicle (SPV). As of June 2025, the retired employees’ liabilities of the three DISCOs alone stood at Rs312 billion. This figure is expected to rise when balance sheets are split on the basis of audited results for March 2026. Overall assets of the three companies totalled Rs1.2 trillion against liabilities of Rs1.05 trillion, leaving a net positive equity of Rs145 billion. GEPCO, however, showed a negative equity of Rs14.4 billion at that time. CCoP Approval Sought For Restructuring Plans The PC board has recommended that the Cabinet Committee on Privatisation (CCoP) approve the restructuring plans and schemes of arrangement for the first batch of DISCOs. These plans have been prepared on the basis of audited financial statements for the period ended March 31, 2026. The framework is designed to maximise value for the government while keeping the transactions commercially viable and attractive for investors. Investor Interest And IMF Commitment In the PIA privatisation, the government had similarly carved out more than Rs650 billion in liabilities to present the airline with positive equity. Strong interest has already been shown by both domestic and international investors. Expressions of Interest deadlines are August 7 for FESCO, August 21 for GEPCO and September 7 for IESCO. Pakistan remains committed to the International Monetary Fund to privatise at least three DISCOs, a pledge pending since 2013. The latest IMF report noted delays due to investor concerns but said the government has now addressed them and expects finalisation by early 2027. Next Steps In DISCO Privatisation The proposed SPV structure is expected to improve the financial position of the selected power distribution companies, making them more attractive to investors while supporting the government’s broader privatisation agenda.

Pakistan Palm Oil Imports Hit Record 3.48 Million Tonnes as Tax Changes Threaten Cooking Oil Prices
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Pakistan Palm Oil Imports Hit Record 3.48 Million Tonnes as Tax Changes Threaten Cooking Oil Prices

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Pakistan Palm Oil Imports surged to an all-time high during fiscal year 2025-26, highlighting the country’s growing dependence on imported edible oil while exposing long-standing policy failures that continue to threaten food security and consumer affordability. According to the Pakistan Bureau of Statistics (PBS), the country imported 3.482 million tonnes of palm oil worth $3.785 billion in FY26, compared to 3.214 million tonnes valued at $3.4 billion in the previous fiscal year. The latest figures underline not only increasing domestic demand but also Pakistan’s inability to develop a sustainable edible oil production strategy despite decades of reliance on costly imports. Pakistan Palm Oil Imports Continue to Rise Despite Higher Global Prices The average import price of palm oil increased to $1,078 per tonne during FY26 from $1,056 per tonne in FY25. Although the increase appears modest, the higher import volume significantly raised Pakistan’s overall import bill, placing additional pressure on the country’s foreign exchange reserves. Industry experts believe the demand for edible oil is expanding much faster than domestic agricultural production. Population growth, urbanisation and changing consumption patterns have pushed annual edible oil consumption to approximately 4.8 million tonnes, up from around four million tonnes just five years ago. This widening gap between demand and domestic production continues to force Pakistan to rely heavily on imported palm oil, leaving consumers vulnerable to international price fluctuations and currency depreciation. Lack of an Edible Oil Policy Raises Serious Questions Pakistan Vanaspati Manufacturers Association (PVMA) Chairman Sheikh Umer Rehan criticised successive governments for failing to introduce a comprehensive edible oil policy since the country’s independence. His criticism raises an important question: how can a nation importing billions of dollars worth of edible oil every year continue without a long-term strategy to reduce dependence on imports? While policymakers frequently discuss food security, little progress has been made to encourage large-scale cultivation of oilseed crops such as sunflower, canola and soybean. Production of traditional oilseed crops, including cottonseed, has also remained weak, further widening Pakistan’s import dependence. Without structural reforms and investment in domestic agriculture, the country’s edible oil import bill is likely to continue rising year after year. New Tax Mechanism Could Increase Cooking Oil Prices Another major concern for consumers is the Federal Budget FY27, which introduced a new sales tax mechanism for the edible oil and ghee sector. Under the revised taxation framework, sales tax will now be calculated on the Maximum Retail Price (MRP) instead of the ex-mill price. Industry representatives argue that this change will substantially increase the tax burden on manufacturers. According to the PVMA, the revised mechanism could raise retail prices of ghee and cooking oil by approximately Rs10 to Rs15 per kilogram, adding another layer of inflation for already burdened households. The association has also criticised the Federal Board of Revenue (FBR), alleging that instead of simplifying tax compliance and improving the business environment, the authority is introducing additional complexities for manufacturers. Consumers Already Paying Higher Prices Market data already reflects a gradual increase in edible oil prices across Pakistan. The national average price of a five-litre cooking oil container currently ranges between Rs2,975 and Rs3,110, compared with Rs2,800 to Rs3,000 a year earlier. Similarly, 2.5-kilogram packs of ghee now sell for Rs1,500 to Rs1,565, while one-kilogram packs are priced between Rs590 and Rs610, both recording noticeable increases over the previous year. Although these increases appear moderate individually, they add significant financial pressure on millions of households already struggling with inflation and rising living costs. Pakistan Must Reduce Import Dependence The record Pakistan Palm Oil Imports should serve as a wake-up call for policymakers. Increasing imports may satisfy immediate demand, but they also expose the economy to external price shocks, exchange rate volatility and growing pressure on foreign reserves. Rather than relying almost entirely on imported edible oil, Pakistan urgently needs a comprehensive national strategy that encourages domestic oilseed cultivation, supports farmers through targeted incentives and promotes investment in modern agricultural technology. Without meaningful reforms, consumers will continue paying higher prices while the country’s import bill keeps climbing. The record-breaking Pakistan Palm Oil Imports in FY26 demonstrate both the strength of domestic demand and the weaknesses in Pakistan’s agricultural and food security policies. As new taxation measures threaten to push cooking oil and ghee prices even higher, the government faces increasing pressure to balance revenue collection with consumer protection. Unless long-overdue structural reforms are implemented, Pakistan’s dependence on imported edible oil is likely to deepen, making future price shocks even more difficult to manage.

The Boardroom PK delivers trusted business news, analysis, and insights from Pakistan and beyond, keeping readers informed, inspired, and ahead in the evolving world of business and leadership.

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