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Govt Approves Online International Driving Permit System Across Pakistan

Web Desk / August 7, 2026

Nationwide Digital Platform to Replace Manual Procedures The federal government has approved a nationwide online international driving permit system as part of its broader efforts to expand digital public services and improve access to government facilities across the country. The initiative will establish a unified online platform that allows citizens to apply for international driving permits without having to visit multiple government offices or complete lengthy paperwork procedures. The new system will be managed by the National Police Bureau (NPB), which will oversee the digital platform and coordinate its implementation across the country. Officials believe the decision will simplify the application process, reduce waiting times and improve transparency for thousands of Pakistanis who travel abroad every year for employment, education, tourism and business purposes. The latest development also represents another important step in Pakistan’s efforts to strengthen e-governance and modernise public services through digital technology. The approval of the online international driving permit system was announced during a meeting at the National Police Bureau, where senior officials reviewed ongoing digital reforms and discussed measures aimed at improving government services. Under the new framework, applicants across all provinces will be able to follow a single, standardised procedure instead of dealing with separate rules and requirements in different regions. Authorities say the new system will make the entire process faster, more efficient and easier to access. Citizens will be able to submit applications online, upload the required documents and track the progress of their requests through the digital platform. Officials expect the move to significantly reduce administrative burdens while improving the overall quality of service. Key Features of the New System The government has stated that the new platform will provide a more streamlined and transparent process for obtaining international driving permits. Feature Details Service International Driving Permit Managing authority National Police Bureau (NPB) Application process Completely online Coverage Nationwide Main objective Faster processing and improved accessibility The authorities expect the new platform to benefit thousands of Pakistanis living, studying or working abroad. Officials also believe that the digital system will improve coordination among institutions while ensuring greater consistency in the processing of applications. Police Clearance Certificates to Become Fully Digital In addition to the launch of the online international driving permit platform, the government has announced plans to digitise the process of obtaining Police Clearance Certificates (PCCs). Under the new arrangement, citizens will be able to apply for police clearance documents online through the National Police Bureau portal instead of visiting government offices in person. The initiative is expected to offer several advantages, including reduced paperwork, faster document processing and improved transparency. Authorities hope the introduction of these services will help establish a more efficient system that better meets the needs of the public. Digital Transformation Continues Across Pakistan The latest reforms reflect the government’s increasing focus on using technology to improve public services and strengthen administrative efficiency. In recent years, authorities have expanded online services in several sectors, including banking, taxation, licensing and identity management. Experts believe the continued adoption of digital technologies could significantly improve the delivery of public services while reducing costs and administrative delays. The introduction of the online international driving permit system is expected to play an important role in enhancing convenience for Pakistani citizens while supporting the country’s broader digital transformation strategy. As implementation begins, officials will closely monitor the system’s performance to ensure that it delivers faster, more transparent and more accessible services throughout the country.

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New Transhipment Incentive Package Cuts Cargo Handling Costs at Pakistani Ports

Web Desk / August 6, 2026

Pakistan has introduced a new transhipment incentive package aimed at lowering cargo handling costs, attracting more regional shipping traffic, and strengthening the country’s position as a leading maritime trade hub. Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry announced the initiative on Wednesday, describing it as a major step towards enhancing the competitiveness of Pakistan’s ports. According to an official statement, the package has been jointly launched by the Karachi Port Trust (KPT), the Port Qasim Authority (PQA), and container terminal operators at both ports. The incentives include reductions in wet charges, wharfage fees, storage costs, and terminal handling charges for containerised, bulk, and break-bulk transhipment cargo. Officials believe the initiative will make Pakistani ports more attractive to international shipping lines while increasing regional trade activity. Performance-Based Concessions Introduced for Shipping Lines The new transhipment incentive package introduces a performance-based concession structure designed to encourage higher volumes of transhipment cargo through Pakistani ports. Under the policy, vessels carrying between 5% and 10% transhipment cargo will receive a 20% concession on port wet charges. Ships transporting between 11% and 25% transhipment cargo will qualify for a 30% discount, while vessels carrying between 26% and 50% cargo will receive a 50% concession. Vessels carrying between 50% and 90% transhipment cargo will be eligible for a 70% reduction, provided container ships carry at least 2,000 twenty-foot equivalent units (TEUs). Meanwhile, ships carrying between 90% and 100% transhipment cargo will receive an 80% concession, subject to a minimum cargo volume of 3,500 TEUs. Government officials said the incentives are expected to reduce operational costs and encourage global shipping companies to route more cargo through Pakistan. Karachi Port and Port Qasim Offer Additional Benefits The Karachi Port Trust has also announced additional incentives under the new package. According to the details, KPT will offer wharfage concessions ranging from 20% to 80%, depending on the percentage of transhipment cargo carried by each vessel. Shipping companies will also receive 14 days of free storage at port terminals and 30 days of free storage at the TPX cargo facility under the responsibility of shipping agents. The Port Qasim Authority has introduced an even broader incentive package by offering a 100% concession on wharfage charges along with seven days of free terminal storage. The storage period may be extended to up to 21 days to facilitate cargo movement under the supervision of shipping agents. Officials expect these incentives to improve port efficiency, reduce cargo delays, and strengthen Pakistan’s position within international shipping networks. Container Terminal Operators Reduce Handling Charges Pakistan’s four major container terminals have also joined the initiative by reducing terminal handling charges. The participating facilities include the Karachi International Container Terminal (KICT), South Asia Pakistan Terminals (SAPTL), Karachi Gateway Terminal Limited (KGTL), and the Qasim International Container Terminal (QICT). The terminals have introduced a 10% concession for vessels carrying between 5% and 10% transhipment cargo, while ships carrying between 11% and 25% cargo will receive a 20% discount. Cargo volumes exceeding 25% of a vessel’s total manifest will qualify for concessions of up to 25%. The incentives apply to both 20-foot and 40-foot containers, providing significant cost savings for shipping companies operating through Pakistan. New Policy to Replace Earlier Regulations The maritime affairs minister said the new framework will replace all previous concession notifications and statutory regulatory orders relating to transhipment operations. He added that the unified system would establish a more transparent and efficient mechanism for cargo handling at both Karachi Port and Port Qasim. Industry experts believe the initiative could increase trade volumes, improve port efficiency, and attract fresh investment into Pakistan’s maritime sector. Analysts also noted that lower costs and streamlined procedures could enhance Pakistan’s role as a strategic transit hub linking South Asia, Central Asia, and the Middle East.

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Pakistan Requests $1.3bn China Loan Refinancing Amid Debt Repayments

Web Desk / August 5, 2026

Pakistan has formally requested China loan refinancing worth $1.3 billion as the government continues its efforts to strengthen foreign exchange reserves and manage growing external financing obligations. According to official sources, negotiations between Pakistani authorities and Chinese officials are progressing, and the funds are expected to be transferred later this month after both sides finalise the terms and conditions of the agreement. The proposed arrangement is expected to provide much-needed support to the country’s foreign exchange reserves at a time when Pakistan is dealing with substantial debt repayments and increasing financial commitments. Sources familiar with the matter said that officials are working to expedite the process to ensure the funds arrive as soon as possible. The development highlights the close financial cooperation between Pakistan and China, which have maintained strong economic ties for many years. Pakistan recently completed external debt repayments amounting to approximately $2.2 billion during July. The amount included the repayment of a $1.3 billion Chinese commercial loan that is now expected to be refinanced. The government hopes that the latest arrangement will help maintain stability in the country’s external account position while reducing pressure on the economy. Pakistan Continues Efforts to Strengthen Reserves The China loan refinancing initiative comes at a crucial time for Islamabad as policymakers continue to monitor the country’s foreign exchange reserves and overall economic performance. Maintaining adequate reserves remains one of the government’s key priorities because these holdings play an important role in supporting imports, stabilising the national currency, and ensuring the country’s ability to meet international financial obligations. Pakistan has taken several measures in recent years to improve its fiscal position and enhance investor confidence. Authorities have focused on increasing exports, attracting foreign investment, improving tax collection, and implementing structural reforms aimed at strengthening the economy. Economic experts believe refinancing arrangements can help countries avoid immediate financial pressure by extending repayment periods and creating additional fiscal space. Such agreements also provide governments with greater flexibility in managing external liabilities. China has remained one of Pakistan’s largest financial partners and has frequently extended financial assistance through commercial loans, currency swaps, and investment projects. Debt Servicing Remains a Key Challenge Pakistan continues to face significant debt servicing obligations despite improvements in several economic indicators. Rising global interest rates and fluctuating commodity prices have further complicated the economic outlook for many developing economies, including Pakistan. The latest refinancing request reflects the government’s broader strategy of securing external funding while maintaining financial stability. Officials remain focused on ensuring that reserve levels remain sufficient to support economic activity and meet international commitments. Analysts have noted that the successful completion of the refinancing process would strengthen market confidence and ease concerns regarding short-term external financing requirements. The expected inflow is also likely to provide support to policymakers as they work to sustain economic growth while controlling inflationary pressures. Although officials have not publicly disclosed additional details regarding the agreement, discussions between both sides are reportedly continuing. Finance Ministry Yet to Issue an Official Statement Media organisations sought comments from the Ministry of Finance regarding the refinancing request and the progress of negotiations. However, ministry officials had not issued any formal response by the time this report was published. Market observers will continue to monitor developments closely, as the outcome of the discussions could influence the country’s financial outlook in the coming months. With billions of dollars in debt obligations due over the coming years, Pakistan’s ability to secure favourable financing arrangements will remain a major factor in determining the pace of economic recovery and long-term stability. China Loan Refinancing Could Support External Stability The China loan refinancing request underscores Pakistan’s continued reliance on external financial support to manage debt repayments and maintain adequate foreign exchange reserves. The outcome of the ongoing negotiations will be closely watched by investors and policymakers, as a successful refinancing agreement could provide short-term financial relief while supporting broader economic stability.

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HugoBank Receives SBP Approval to Launch Pilot Digital Banking Operations

Web Desk / August 5, 2026

HugoBank pilot operations approval marks a significant milestone for Pakistan’s digital banking sector after the State Bank of Pakistan (SBP) allowed the Karachi-based digital retail bank to begin testing its banking platform, products and operational systems before its full commercial launch. The approval enables HugoBank to offer services to a limited group of customers in a controlled environment, allowing the bank to evaluate its technology, operational processes and customer experience while ensuring compliance with the SBP’s regulatory requirements. The development reflects the central bank’s broader efforts to promote innovation, strengthen financial inclusion and accelerate the growth of digital banking across Pakistan. HugoBank to Test Products and Banking Systems According to an official statement issued on Wednesday, the HugoBank pilot operations approval allows the bank to assess its digital banking infrastructure, cybersecurity framework and customer support systems under real-world conditions. During the pilot phase, the bank will gather customer feedback to identify areas for improvement before expanding its services to the wider public. Officials said the controlled testing period has been designed to ensure that HugoBank’s systems meet regulatory standards while delivering a secure and seamless banking experience. Banking experts believe pilot operations are a critical stage in launching digital banks, as they help identify potential operational risks before full-scale commercial operations begin. HugoBank Received Initial Approval in 2023 HugoBank’s journey towards becoming a fully licensed digital bank began in 2023 when it received in-principle approval from the State Bank of Pakistan. The approval followed the SBP’s introduction of a comprehensive digital banking licensing framework in 2022, aimed at encouraging innovation and expanding access to financial services across the country. HugoBank was among five institutions selected to establish digital retail banks under the new regulatory framework. Since then, the bank has been developing its technology, operational systems and digital infrastructure in preparation for entering Pakistan’s growing fintech market. Industry analysts believe digital banks can play an important role in improving financial inclusion, particularly in underserved areas where access to conventional banking services remains limited. CEO Highlights Vision for Digital Banking HugoBank Chief Executive Officer Asim Hassan welcomed the latest regulatory approval, describing it as an important step towards providing accessible and technology-driven banking services. He said the bank aims to offer customers a seamless, secure and convenient banking experience through digital innovation. According to Hassan, simplifying banking services is essential for improving financial freedom and expanding access to formal financial products. The bank also reaffirmed its commitment to supporting Pakistan’s digital economy by delivering efficient financial services through a modern digital platform. Digital Banking Sector Continues to Expand Pakistan’s banking industry has experienced rapid digital transformation in recent years, driven by increased smartphone usage, mobile banking applications, digital wallets and electronic payment systems. Financial institutions are investing heavily in technology to improve customer experience, expand financial inclusion and reduce dependence on traditional branch-based banking. Experts believe growing competition among digital banks will encourage innovation, improve service quality and provide consumers with greater access to modern financial solutions. The successful completion of the HugoBank pilot operations approval phase will be an important milestone before the bank moves towards a full commercial launch, further strengthening Pakistan’s evolving digital banking ecosystem. Digital Banking Signals a Shift in Pakistan’s Financial Landscape The HugoBank pilot operations approval represents another step forward in Pakistan’s transition towards a more technology-driven financial sector. As digital banking adoption continues to grow, successful pilot programmes will be essential in ensuring secure, efficient and customer-focused financial services before they are rolled out nationwide.

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Pakistan Excluded From New US Visa Bond Programme Requiring Deposits Of Up To $20,000

Web Desk / August 4, 2026

Pakistan Not Included in New US Visa Bond Programme Pakistan has not been included in the new US visa bond programme, under which citizens from selected countries may be required to deposit as much as $20,000 before receiving a visitor visa. The policy officially came into effect on August 1 after the United States government decided to make the programme permanent following a review of the pilot scheme introduced in 2025. According to a list published in the US Federal Register, Pakistan is not among the 50 countries covered by the programme. In South Asia, Bangladesh and Nepal have been included, while India has been excluded from the new requirements. How the US Visa Bond Programme Works The US State Department said the US visa bond programme significantly reduced visa overstays and improved compliance with immigration regulations during the pilot phase. Officials reported that there were 45,488 visa overstays involving travellers from participating countries in 2024. However, fewer than 50 overstays were recorded during the first 10 months after the programme was introduced. Authorities also noted that the policy resulted in a decline in visa applications, as some individuals chose not to continue with the process after learning about the financial guarantee requirement. Diplomatic sources confirmed that Pakistani citizens will not be affected by the new rules. Who Will Be Required to Pay the Visa Bond? The programme applies to applicants seeking B-1 business visas and B-2 tourist visas from countries included in the scheme. Under the revised regulations, US consular officials may require applicants to provide a refundable financial guarantee ranging from $10,000 to $20,000 before issuing a visa. The State Department said the permanent framework replaces the temporary programme launched in 2025 while strengthening existing immigration enforcement measures. One of the most significant changes is the increase in the maximum bond amount from $15,000 to $20,000. Authorities have also removed the previous minimum bond requirement of $5,000 that existed under the pilot project. Countries Included in the Programme The programme covers 50 countries, including 30 African nations, along with several countries in Asia, the Caribbean and the Pacific Islands. Afghanistan and Iran have not been included because the United States does not maintain normal diplomatic relations with either country. The bond requirement will not automatically apply to every applicant. Instead, consular officers will assess each visa application individually and decide whether a financial guarantee is necessary before approving the visa. When Will the Bond Be Refunded? According to US officials, the full bond amount will be refunded if travellers comply with all visa conditions and leave the United States before their authorised stay expires. However, visitors who overstay their visas or violate immigration rules may forfeit the entire deposit. What Pakistan’s Exclusion Means for Travellers Pakistan’s exclusion from the US visa bond programme is expected to provide relief to thousands of Pakistanis who apply for business and tourist visas each year. While the decision means Pakistani applicants will not face the additional financial guarantee requirement, immigration experts continue to advise travellers to strictly follow all visa conditions and departure deadlines to avoid future complications with US immigration authorities.

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Colgate-Palmolive Pakistan Profit Edges Higher Despite Strong Sales Growth

Usman Khan / August 4, 2026

Higher Revenue Fails to Deliver Significant Earnings Growth Colgate-Palmolive (Pakistan) Limited reported a modest increase in annual profit for the financial year ended June 30, 2026, despite posting solid growth in sales as higher operating costs and tax expenses weighed on earnings. The company’s Board of Directors also announced a substantial final cash dividend, maintaining an attractive payout for shareholders even though profit growth remained limited. Sales Increase While Profit Growth Remains Modest Colgate-Palmolive (Pakistan) recorded net turnover of Rs125.22 billion, representing an 8 percent increase from Rs116 billion reported in the previous financial year. However, the stronger revenue translated into only a slight improvement in profitability. Profit after tax rose 1.3 percent to Rs18.63 billion, compared with Rs18.40 billion a year earlier, highlighting the impact of rising operating expenses on overall earnings. Rising Costs Weigh on Profit Margins The company’s gross profit increased to Rs43.84 billion, reflecting healthy sales performance across its product portfolio. However, higher selling and distribution expenses reduced the benefit of increased revenue. Selling and distribution costs climbed to Rs13.37 billion, while lower other income and a relatively high tax burden further limited earnings growth. The results demonstrate the ongoing challenge consumer goods companies face in protecting profit margins amid inflationary pressures and rising operating costs. Company Announces Strong Dividend Payout Despite modest earnings growth, the Board recommended a final cash dividend of Rs35 per share, equivalent to 350 percent. Combined with the interim dividend of Rs29 per share, shareholders will receive a total annual dividend of Rs64 per share. The sizeable payout reflects the company’s strong cash generation and commitment to delivering shareholder returns despite a challenging business environment. Balance Sheet Remains Financially Strong Colgate-Palmolive (Pakistan) continued to strengthen its financial position during the year. Total assets increased to Rs64.13 billion, while shareholders’ equity rose to Rs41.61 billion. The company also maintained significant short-term investments and cash reserves, providing a solid financial cushion and flexibility for future operations. Stable Performance in a Challenging Consumer Market Earnings per share (EPS) improved marginally to Rs76.74, compared with Rs75.78 in the previous year. Although revenue growth remained healthy, the limited increase in earnings highlights the pressure that inflation, higher operating costs and changing consumer spending patterns continue to place on Pakistan’s fast-moving consumer goods (FMCG) sector. The FY26 results suggest that Colgate-Palmolive (Pakistan) successfully maintained financial stability and rewarded shareholders through a generous dividend policy, even as cost pressures prevented stronger bottom-line growth.

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Goods Transport Strike in Pakistan: Nationwide Shutdown Announced From August 8 Over Soaring Diesel Prices

Syed Shoaib / August 3, 2026

Pakistan’s logistics sector is heading toward another major disruption after leading goods transport organizations announced a nationwide strike beginning August 8, warning that the continued increase in diesel and petrol prices has made transport operations financially unsustainable. The announcement was made jointly by the Karachi Goods Carrier Association, Pakistan Goods Transport Alliance and several other transport organizations. Transport leaders stated that if the government fails to address their demands immediately, goods transportation across the country will be suspended indefinitely. The planned strike could significantly disrupt supply chains, wholesale markets, manufacturers, retailers, exporters and consumers, particularly if it continues for several days. Goods Transport Strike in Pakistan Triggered by Rising Fuel Costs According to transport representatives, rapidly increasing diesel prices have become the biggest challenge facing Pakistan’s freight industry. They argue that fuel expenses now account for such a large share of operating costs that transport businesses are no longer financially sustainable. Transport leader Malik Shehzad Awan announced that goods transporters across the country had unanimously agreed to suspend cargo movement from August 8. He said the strike would continue until the government takes meaningful steps to address the industry’s concerns. Industry representatives warned that every increase in diesel prices pushes up freight costs, reducing the competitiveness of transport companies while adding financial pressure to businesses already dealing with inflation and slowing economic activity. Transporters Present Key Demands to the Government Transport associations have outlined several demands that they want the federal government to address before they call off the strike. Their primary demand is an immediate reversal of recent increases in petrol and diesel prices. They have also urged the government to replace the current daily fuel pricing mechanism with a monthly pricing system, arguing that frequent price changes make it difficult to quote freight rates, negotiate contracts and manage operational expenses. The associations have further called for the abolition of the seven percent withholding tax imposed on the goods transport sector, describing it as an unfair financial burden on transport operators. Another major issue raised by transporters is the increase in motorway and highway toll charges. They have demanded that toll taxes be restored to the levels applicable in June 2024, saying the latest revisions have significantly increased operating costs. Supply Chains Could Face Fresh Disruptions If the strike proceeds as announced, businesses across Pakistan could face serious supply chain challenges. Manufacturers may experience delays in receiving raw materials, while wholesalers and retailers could struggle to replenish stocks of essential goods. Agricultural produce, food supplies, industrial inputs, construction materials and export consignments all rely heavily on uninterrupted road transport. A prolonged suspension of freight movement could increase transportation costs, disrupt production schedules and place additional inflationary pressure on consumers. Export-oriented industries may also encounter shipment delays, potentially affecting Pakistan’s trade commitments and weakening business confidence. Balancing Fiscal Needs and Economic Stability The concerns raised by the transport sector highlight the broader challenges associated with Pakistan’s fuel pricing and taxation policies. Road freight remains the backbone of the country’s domestic economy, and rising fuel prices, taxes and toll charges continue to increase operating costs across the logistics industry. While the government depends on fuel taxes and toll revenues to strengthen public finances, sustained cost increases without targeted relief measures risk placing additional pressure on one of the country’s most important economic sectors. At the same time, transport associations and the government will need to continue constructive dialogue to avoid a prolonged nationwide shutdown that could have far-reaching consequences for businesses and consumers alike. Long-term stability will require predictable fuel pricing policies, transparent negotiations and tax reforms that balance fiscal objectives with the operational sustainability of Pakistan’s transport industry. Negotiations Will Be Critical Before August 8 The Goods Transport Strike in Pakistan scheduled to begin on August 8 has the potential to become one of the country’s largest logistics disruptions in recent months. Unless both sides reach an agreement before the deadline, businesses should prepare for possible delays in cargo movement, supply shortages and higher transportation costs. The outcome of upcoming negotiations will determine whether the strike proceeds or a compromise can be reached to keep Pakistan’s supply chains operating smoothly.

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Carmakers Force Government to Scrap EV-Focused Auto Policy

Web Desk / August 2, 2026

Pakistan’s proposed Auto Policy 2026-31 has been sent back to the drawing board after local automobile manufacturers raised strong objections to its heavy emphasis on electric vehicles (EVs). The government has restarted the policy drafting process following industry concerns that the original proposal placed conventional automakers and parts manufacturers at a competitive disadvantage. The policy reversal comes at a critical time for Pakistan’s automotive sector, as the previous Auto Industry Development and Export Policy 2021-26 expired on June 30, 2026. The absence of a replacement policy has already led to higher taxes on hybrid vehicles, price increases, and uncertainty across the industry. Government Reviews EV-Focused Auto Policy After Industry Objections The Ministry of Industries and Production had prepared the draft Auto Policy 2026-31 after consultations with various stakeholders, with a strong focus on accelerating the adoption of electric vehicles. Officials viewed the transition to EVs as a strategic response to Pakistan’s growing fuel import bill, particularly after renewed geopolitical tensions highlighted the country’s dependence on imported petroleum products. Pakistan currently imports around 80 percent of its petroleum requirements, making fuel security a major economic concern. However, local automobile manufacturers approached Prime Minister Shehbaz Sharif, arguing that the proposed policy disproportionately favoured electric vehicles while creating challenges for existing manufacturers of conventional and hybrid vehicles. According to sources, the prime minister directed that the draft be withdrawn and ordered the formation of a new committee to prepare a revised policy that addresses industry concerns. Policy Delay Triggers Higher Taxes and Vehicle Prices The delay in finalising the new policy has had immediate consequences for both manufacturers and consumers. With the expiry of the Auto Industry Development and Export Policy 2021-26 on June 30, the Federal Board of Revenue automatically restored the general sales tax on vehicles to 25 percent. Hybrid electric vehicles and plug-in hybrid electric vehicles, which previously benefited from a reduced GST rate of 8.5 percent, lost that concession from July 1. As a result, several automakers, including Toyota and Honda, increased the prices of hybrid models by more than Rs1.3 million in certain cases. Some manufacturers also temporarily suspended vehicle invoicing and deliveries while awaiting policy clarity. Auto Parts Industry Calls for Gradual EV Transition The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) and other industry stakeholders have expressed disappointment over the uncertainty surrounding the new policy. Rather than opposing electric vehicles, industry representatives have called for a gradual transition that balances environmental objectives with the protection of local manufacturing. PAAPAM has proposed maintaining an 18 percent GST on hybrid vehicles until Pakistan develops sufficient EV charging infrastructure and a domestic supply chain for electric vehicle components. The association also wants government incentives to be linked to progressively higher localisation targets, encouraging manufacturers to produce batteries, electric motors and electronic components within Pakistan instead of relying on imports. Industry representatives argue that existing auto parts manufacturers should receive financial and technical support to upgrade their facilities and transition toward EV production. Concerns Over Local Manufacturing and Employment One of the industry’s biggest concerns is that excessive incentives for imported EV kits could weaken Pakistan’s domestic manufacturing base. PAAPAM warned that without a well-planned transition strategy, generous concessions for imported electric vehicle components could undermine local investment, reduce value addition and threaten thousands of jobs in the automotive supply chain. The association stressed that all existing manufacturers should be given equal opportunities to introduce electric and hybrid vehicles while continuing to expand local production capabilities. Industry leaders believe that technology transfer and localisation should remain central objectives of any future automotive policy to strengthen Pakistan’s long-term industrial competitiveness. Future Auto Policy Must Balance Innovation and Industry Growth The government’s decision to redraft the Auto Policy 2026-31 highlights the challenge of balancing Pakistan’s transition toward cleaner transportation with the need to protect domestic manufacturing and employment. While expanding electric mobility remains an important objective for reducing fuel imports and lowering emissions, industry stakeholders argue that the shift must be supported by local production, infrastructure development and a realistic transition roadmap. The revised policy will be closely watched by manufacturers, investors and consumers alike, as it will shape the future direction of Pakistan’s automotive industry for the next five years. Future Success Depends on Balanced Policy Implementation Pakistan’s next auto policy will need to strike a careful balance between promoting electric vehicles and safeguarding the country’s existing automotive ecosystem. Encouraging localisation, supporting technology transfer and providing a gradual transition framework could help ensure that the industry remains competitive while advancing toward cleaner and more sustainable transportation.

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International Packaging Films to Establish Portugal Subsidiary for European Expansion

Web Desk / August 1, 2026

International Packaging Films Limited (IPAK) has announced plans to establish a wholly owned subsidiary in Portugal, marking a strategic step toward strengthening its commercial presence across Europe. The move reflects the company’s broader expansion strategy and its ambition to build a stronger foothold in international packaging markets. The proposed entity will be incorporated through IPAK’s Dubai-based subsidiary, enabling the company to serve European customers more efficiently while expanding its regional distribution network. International Packaging Films Expands European Presence According to a disclosure submitted to the Pakistan Stock Exchange (PSX), International Packaging Films’ wholly owned subsidiary, IPAK Connect Packaging Materials Trading FZCO, has approved the incorporation of a new wholly owned subsidiary in Portugal. The incorporation remains subject to all required legal, regulatory, and corporate approvals in the relevant jurisdictions. Once established, the Portuguese entity will operate as an indirect wholly owned subsidiary of International Packaging Films under the IPAK Group. Portugal Unit to Support Growth Strategy The company said the new subsidiary is aimed at strengthening its commercial footprint across European markets. Having a direct presence in Portugal is expected to improve customer engagement, enhance marketing and distribution capabilities, and support future business development initiatives throughout Europe. The move also allows IPAK to expand beyond relying primarily on third-party distribution channels by establishing its own operational base within the European market. Expansion Reflects Growing International Ambitions The proposed subsidiary highlights International Packaging Films’ long-term strategy of increasing its international reach through its existing UAE platform. By leveraging its Dubai-based subsidiary, IPAK Connect Packaging Materials Trading FZCO, the company aims to create a more integrated supply and distribution network capable of serving customers across Europe more effectively. The expansion could also improve operational flexibility and strengthen relationships with regional clients as demand for packaging materials continues to grow. PSX Informed of Material Development International Packaging Films informed the Pakistan Stock Exchange of the decision under Section 96 of the Securities Act, 2015, and the applicable PSX regulations governing the disclosure of material information. The company stated that it would keep the exchange informed of any significant developments relating to the incorporation process. At present, management has not disclosed the expected investment value, operational timeline, or financial impact of the new subsidiary. Portugal Expansion Marks a Strategic Step for IPAK The planned Portugal subsidiary represents an important milestone in International Packaging Films’ international growth strategy. While the project remains subject to regulatory approvals, establishing a direct commercial presence in Europe could strengthen the company’s market access, improve customer service, and create new business opportunities. Investors will now be watching for further updates on the incorporation process and the subsidiary’s future operational plans.

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Pakistan To Prioritise High-Speed Internet For Small Villages And Remote Areas Under Proposed National Connectivity Plan

Web Desk / July 31, 2026

Pakistan is preparing to expand high-speed internet access across villages, small towns, and remote regions under the proposed National Connectivity Plan, with the government aiming to bridge the digital divide and create new opportunities for freelancers, businesses, and the wider digital economy. The plan was discussed during a high-level meeting chaired by Federal Minister for Economic Affairs Ahad Cheema, alongside Federal Minister for IT and Telecom Shaza Fatima Khawaja and senior government officials. Govt Prioritises High-Speed Internet For Remote Areas During the meeting, Ahad Cheema said expanding affordable and reliable internet connectivity to underserved areas is a key government priority. He noted that freelancers, e-commerce entrepreneurs, and digital professionals living in remote regions continue to face significant challenges due to slow and unreliable internet services. The minister said the government is committed to ensuring nationwide access to affordable, high-speed internet, enabling more Pakistanis to participate in the country’s growing digital economy. FTTH And 5G To Drive Digital Transformation Officials highlighted the importance of expanding next-generation Fiber-to-the-Home (FTTH) networks and 5G infrastructure to support economic growth, job creation, and digital inclusion. According to the briefing, Pakistan currently has: The government believes further investment in fibre infrastructure will strengthen broadband connectivity while preparing the country for wider 5G adoption. Ambitious National Connectivity Targets Announced Under the proposed National Connectivity Plan, the government has outlined several long-term objectives to improve Pakistan’s digital infrastructure. These targets include: Officials said achieving these goals would significantly improve internet quality and expand digital access nationwide. Tax Relief And Regulatory Reforms Under Consideration The meeting also focused on improving internet affordability and simplifying infrastructure deployment. Participants discussed introducing targeted tax relief for internet users in remote areas to encourage greater digital participation. Several regulatory reforms were also proposed, including: These measures are intended to accelerate broadband expansion while reducing administrative hurdles for telecom operators. Govt To Finalise National Connectivity Plan Through Stakeholder Consultation Ahad Cheema said the National Connectivity Plan will be finalised through extensive consultations with relevant stakeholders. He stressed that successful implementation will require a structured rollout focused on regulatory reforms, clearly defined operator obligations, and performance-based financial support to accelerate fibre deployment while ensuring long-term commercial sustainability. The proposed strategy aims to expand reliable internet access across Pakistan, particularly in underserved communities, while strengthening the country’s digital infrastructure and supporting future economic growth.

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