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Chery Master Pakistan Launches Pakistan's First Auto Boutique Studio
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Chery Master Pakistan Launches Pakistan’s First Auto Boutique Studio

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Karachi, 21 July 2026 Chery Master Pakistan, introduced by Master Auto Engineering Private Limited, a company of Master Group of Industries, has set a new benchmark for premium automotive experiences with the launch of Chery Studio, Pakistan’s first premium boutique automotive studio.Located at 37C Khayaban-e-Ittehad Road, DHA Phase 6, Karachi, Chery Studio has been designed to offer customers a more refined and immersive environment to discover, test drive and own a Chery vehicle. Chery Master Pakistan today offers Pakistan’s largest and best-selling Plug-in Hybrid (PHEV) lineup, spanning the locally assembled Tiggo 7 PHEV, Tiggo 8 PHEV and Tiggo 9 PHEV. Chery Studio brings this proposition to life, providing customers with a premium destination to explore the brand’s expanding family of intelligent new energy vehicles. Powered by Chery Super Hybrid (CSH), recognised as the world’s best plug-in hybrid technology, Chery’s locally assembled PHEV lineup delivers Pakistan’s longest-range Plug-in Hybrid experience. The lineup offers up to 170 km of pure electric driving range and up to 1,400 km of combined driving range, setting a new benchmark for range, efficiency and everyday mobility. It also delivers massive power with impressive horsepower, torque and strong 0-100 km/h acceleration, making it the best of both worlds by combining electric efficiency with high-performance driving. Visitors to Chery Studio can explore Chery’s latest generation of intelligent mobility across its Plug-in Hybrid lineup. The experience reflects the brand’s commitment to innovation, 5-star safety, unmatched comfort and everyday convenience. Globally, Chery is trusted by more than 19 million users across 130+ countries and regions. In Pakistan, the brand is backed by Master Group’s more than 60 years of industrial manufacturing excellence and automotive expertise, bringing internationally recognised engineering, innovation and quality to the local market. Speaking on the occasion, Director Chery Master Pakistan, Syed Asif Ahmed, said: “Chery Studio represents an important milestone in our journey to redefine automotive retail in Pakistan. It reflects our commitment to extending Chery’s global standards into every stage of the customer journey, creating a premium ownership experience that reflects the quality, innovation and trust our brand stands for. As we continue expanding our footprint, we remain focused on bringing intelligent mobility and long-term customer value closer to Pakistani families.” The launch of Chery Studio marks another significant milestone in Chery Master Pakistan’s long-term growth strategy. It reinforces the brand’s commitment to redefining automotive retail while strengthening its position as Pakistan’s leading Plug-in Hybrid SUV brand. With the opening of Chery Studio, Chery Master Pakistan now operates a network of 10 dealerships nationwide. The company plans to expand this footprint to 20 dealerships within the next six months, further strengthening its nationwide presence and bringing its products and services closer to customers across Pakistan.

Oil Prices Fall as Markets Watch US-Iran Ceasefire Efforts and Middle East Tensions
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Oil Prices Fall as Markets Watch US-Iran Ceasefire Efforts and Middle East Tensions

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Oil prices today moved lower on Tuesday as investors weighed reports of renewed diplomatic efforts to secure a temporary ceasefire between the United States and Iran against continued military exchanges and fresh threats to energy supplies in the Middle East. Brent crude futures fell 96 cents, or 1.1%, to $88.26 per barrel, while US West Texas Intermediate (WTI) crude declined 73 cents, or 0.9%, to $82.50 per barrel. The more actively traded September WTI contract also slipped 57 cents, or 0.7%, to $81.91 per barrel as traders assessed geopolitical risks alongside expectations for US oil inventory data. Ceasefire Proposal Raises Hopes of De-escalation Market Sentiment Improves on Diplomatic Efforts Market sentiment improved after reports emerged that international mediators had proposed a 10-day ceasefire between the United States and Iran in an effort to revive diplomatic negotiations. According to Reuters, a senior Iranian official said Tehran had received the proposal, which aims to preserve the Memorandum of Understanding (MoU) signed on June 17 and create space for broader negotiations toward ending the conflict that began on February 28. Analysts at ING said hopes for de-escalation helped ease concerns over immediate supply disruptions. However, they cautioned that significant differences remain between Washington and Tehran, making a breakthrough uncertain. The analysts also noted that US President Donald Trump has warned of retaliation following the deaths of several US soldiers, highlighting the fragile nature of the diplomatic process. Military Operations Continue Despite Diplomacy Despite renewed diplomatic efforts, military activity continued across the region. The latest mediation initiative followed another night of US strikes targeting Iranian cities, while Iran’s Revolutionary Guards reportedly launched attacks on US military assets in the region. Later on Monday, US Central Command announced that it had initiated another round of military strikes against Iranian targets. The continuation of military operations has kept investors cautious, as any further escalation could threaten oil production, shipping routes, and regional stability. Tanker Attack Adds to Market Uncertainty Adding to market uncertainty, a commercial tanker transiting the Strait of Hormuz reported being struck by an unidentified projectile. According to the United Kingdom Maritime Trade Operations (UKMTO), the crew abandoned the vessel and evacuated to a lifeboat following the incident. The Strait of Hormuz remains one of the world’s most critical energy corridors, carrying a significant share of global crude oil exports. Reports also indicated that vessel traffic through the strategic waterway declined further as shipping companies exercised greater caution amid rising security risks. Any disruption in the Strait of Hormuz has the potential to affect global oil supplies and increase transportation costs. Supply Risks Continue to Influence Oil Markets Markets were also monitoring developments in Yemen after the Iran-aligned Houthi movement announced plans to impose a naval blockade on Saudi Arabia. The threat has raised concerns that the conflict could expand beyond the Gulf, potentially affecting another major oil-exporting nation. Tim Waterer, Chief Market Analyst at KCM Trade, said the Houthi announcement represents a significant development because it increases the risk of supply disruptions involving Saudi Arabia, one of the world’s largest crude oil exporters. An expansion of hostilities involving Saudi energy infrastructure or shipping routes could have broader implications for global energy markets. Crude Stockpile Report in Focus In addition to geopolitical developments, traders are closely watching upcoming US crude inventory data for further direction. A preliminary Reuters survey indicated that US crude oil inventories likely declined last week, gasoline stockpiles were also expected to fall, while distillate fuel inventories, including diesel and heating oil, were projected to increase. Lower crude inventories generally indicate stronger demand or reduced supply, while higher fuel inventories can signal weaker consumption in some sectors. The official inventory figures are expected to provide additional insight into supply-demand conditions in the world’s largest oil-consuming nation. Outlook for Global Oil Prices Although oil prices edged lower on Tuesday, market participants remain highly sensitive to developments in the Middle East. Investors continue to balance hopes for diplomatic progress with the ongoing risk of military escalation that could disrupt production, shipping, and global energy supplies. Analysts say any confirmed ceasefire agreement between the United States and Iran could ease upward pressure on crude prices. However, further attacks involving the Strait of Hormuz, Saudi Arabia, or other major energy infrastructure could quickly reverse the current decline and increase market volatility.

Pakistan, China Sign $440m Pharmaceutical Agreements to Accelerate CPEC 2.0
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Pakistan, China Sign $440m Pharmaceutical Agreements to Accelerate CPEC 2.0

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Pakistan and China have signed nine pharmaceutical agreements worth approximately $440 million, marking a significant milestone in bilateral economic cooperation and advancing the industrial collaboration envisioned under the second phase of the China-Pakistan Economic Corridor (CPEC 2.0). The agreements were signed between private-sector companies from both countries during the Pakistan-China Pharmaceutical Business-to-Business (B2B) Conference, held in the presence of Prime Minister Shehbaz Sharif. Addressing the conference, the Prime Minister said the Pakistan China Pharmaceutical Agreements would pave the way for practical investment projects in pharmaceutical manufacturing, vaccine production, biotechnology, and research and development (R&D). According to the Ministry of Information and Broadcasting, the agreements are expected to strengthen Pakistan’s healthcare industry, attract foreign investment, and promote technology transfer between the two countries. PM Says Pakistan Can Become Regional Pharmaceutical Hub Prime Minister Shehbaz Sharif said the newly signed agreements have the potential to transform Pakistan into a regional hub for producing and exporting life-saving medicines. He said increased collaboration with Chinese pharmaceutical companies would strengthen domestic manufacturing capacity, improve research capabilities, and help Pakistan expand exports of medicines to neighboring countries and other international markets. The Prime Minister noted that developing the pharmaceutical sector would not only improve healthcare services but also contribute to industrial growth, employment generation, and export earnings. He expressed confidence that the agreements would move beyond memorandums into practical projects that support sustainable economic development. CPEC 2.0 Opens New Opportunities Highlighting the long-standing partnership between Pakistan and China, PM Shehbaz said China has consistently stood by Pakistan during challenging periods and remains the country’s most trusted economic partner. He noted that China has invested more than $30 billion under the first phase of the China-Pakistan Economic Corridor (CPEC), supporting major infrastructure, energy, and transportation projects across Pakistan. The Prime Minister described the latest pharmaceutical agreements as another milestone under CPEC 2.0, which focuses on industrial cooperation, technology transfer, innovation, and private-sector investment. He congratulated the Pakistani and Chinese entrepreneurs for reaching the agreements and acknowledged the contributions of Federal Health Minister Syed Mustafa Kamal, Special Assistant to the Prime Minister Haroon Akhtar Khan, Pakistan’s Ambassador to China Khalil Hashmi, Chinese Ambassador Jiang Zaidong, government institutions, and business leaders for making the conference successful. Government Reaffirms Security for Chinese Nationals Prime Minister Shehbaz also reiterated the government’s commitment to ensuring the safety and security of Chinese nationals working on projects across Pakistan. He assured Chinese investors that comprehensive security measures remain a top government priority and reaffirmed Pakistan’s determination to provide a secure and business-friendly environment for investment. The Prime Minister also highlighted Pakistan’s diplomatic efforts in promoting regional peace, saying the country had played an important mediating role during the recent regional crisis with the support of friendly countries, particularly China. He acknowledged the contributions of Chinese President Xi Jinping and Premier Li Qiang, as well as the diplomatic engagement of Field Marshal Syed Asim Munir and Deputy Prime Minister and Foreign Minister Ishaq Dar in strengthening bilateral relations. Health Minister Sees Strong Growth Potential Earlier, the nine agreements worth $440 million were formally signed in the Prime Minister’s presence. Federal Health Minister Syed Mustafa Kamal said the conference reflected the Prime Minister’s vision of expanding Pakistan-China cooperation through private-sector partnerships. He said weeks of intensive consultations helped pave the way for productive business-to-business engagements and praised Pakistan’s Ambassador to China, Khalil Hashmi, for facilitating discussions between companies from both countries. The Health Minister said Pakistan and China possess considerable untapped potential for cooperation in pharmaceuticals, biotechnology, healthcare, and medical technology. He added that the government is committed to improving access to quality healthcare while creating a more attractive investment climate for pharmaceutical companies. He thanked Chinese firms for their confidence in Pakistan’s pharmaceutical sector and welcomed further collaboration. Chinese Ambassador Highlights Investment Opportunities Chinese Ambassador Jiang Zaidong said Pakistan’s large and growing population has created significant demand for healthcare services, making its pharmaceutical industry an attractive destination for investment. He said the Chinese Embassy is actively working to connect businesses from both countries and encourage greater commercial cooperation. The ambassador also welcomed Pakistan’s improving economic indicators and appreciated Islamabad’s constructive role in recent regional developments. He expressed confidence that Pakistan would continue to provide a stable, secure, and investor-friendly environment for Chinese enterprises. Innovation and Technology Transfer at the Core Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan said Pakistan is pursuing innovation-led industrial development, with a strong emphasis on implementation, technology transfer, and global competitiveness. He noted that the Prime Minister’s recent visit to China had opened new avenues for industrial cooperation and investment. Haroon Akhtar said pharmaceuticals, biotechnology, and vaccine manufacturing have been identified as strategic industrial priorities under the government’s economic agenda. He added that reforms aimed at reducing bureaucracy and improving the ease of doing business are expected to attract additional foreign investment. Inviting Chinese companies to deepen their presence in Pakistan, he said both countries could jointly expand research, manufacturing, and export capabilities to serve regional and global markets. Outlook The Pakistan China Pharmaceutical Agreements highlight the growing diversification of bilateral cooperation beyond infrastructure, with both countries seeking to strengthen partnerships in healthcare, advanced manufacturing, biotechnology, and innovation under CPEC 2.0.

FIA Launches Cryptocurrency Investigation Unit to Curb Money Laundering, Terror Financing
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FIA Launches Cryptocurrency Investigation Unit to Curb Money Laundering, Terror Financing

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The Federal Investigation Agency (FIA) has established a dedicated Cryptocurrency Investigation Unit within its newly operational National Command and Control Centre (NC3) to combat money laundering, terrorism financing, and other financial crimes involving digital assets. The initiative is part of the FIA’s broader efforts to strengthen Pakistan’s law enforcement capabilities in response to the growing use of cryptocurrencies in illicit financial activities. The new unit will investigate the criminal misuse of virtual assets while working alongside the recently established Pakistan Virtual Assets Regulatory Authority (PVARA), which is responsible for regulating the country’s digital asset sector. Speaking to Dawn, FIA Counter-Terrorism Wing Director Dr Muhammad Athar Waheed said the Cryptocurrency Investigation Unit has been created to identify and investigate cases where digital currencies are used for illegal activities, including terrorism financing and money laundering. He clarified that while PVARA will regulate the virtual asset ecosystem, the FIA’s role will focus on criminal investigations involving cryptocurrencies and other digital assets. Specialised Units Proposed for NCCIA and ANF Dr Waheed also recommended that other federal agencies establish similar specialised units to address emerging threats linked to digital currencies. He suggested that the National Cyber Crime Investigation Agency (NCCIA) should create a dedicated cryptocurrency investigation team to tackle cyber-enabled financial crimes, while the Anti-Narcotics Force (ANF) should establish a similar unit to investigate the use of cryptocurrencies in drug trafficking and narcotics financing. He added that new operational rules are currently being drafted to ensure all investigations are completed within defined timelines, improving efficiency and accountability across the FIA. According to Dr Waheed, the FIA has already achieved noticeable improvements through institutional reforms, with several additional modernization projects expected to be completed within the next six months. He also acknowledged the support of Interior Minister Mohsin Naqvi, saying the minister played a key role in strengthening the agency by backing modernization initiatives and operational reforms. NC3 Becomes FIA’s Central Operations Hub The newly established National Command and Control Centre (NC3) has been designed as a unified platform for intelligence gathering, operational coordination, monitoring, and nationwide law enforcement support. According to FIA officials, the centre integrates multiple operational wings under one command structure, enabling faster information sharing and coordinated responses to emerging security threats. Its Immigration Monitoring Unit and Integrated Border Management System (IBMS) provide real-time monitoring of passenger movements across all ports of entry and exit, using biometric verification and advanced screening systems to strengthen border security. The Human Trafficking and Migrant Smuggling Desk coordinates intelligence-based operations against organized trafficking networks, while the Risk Analysis Unit identifies suspicious travel patterns, high-risk individuals, and emerging security threats. Dedicated Financial Crime and Cyber Intelligence Units To strengthen investigations into financial crimes, NC3 houses dedicated Anti-Money Laundering (AML) and Virtual Currency Investigation Units, enabling the FIA to investigate increasingly sophisticated financial offences involving digital technologies. The centre also includes an Interpol Desk, which serves as Pakistan’s national coordination point for international law enforcement cooperation, facilitating information sharing and cross-border investigations. Officials said a centralized Case Management System (CMS) now allows real-time monitoring of investigations and performance across FIA offices nationwide, improving transparency and operational oversight. Public services have also been enhanced through a 24-hour helpline, a complaint management unit, and a dedicated overseas complaints cell, providing faster assistance to citizens and overseas Pakistanis. Advanced Cyber Surveillance and Intelligence Gathering The NC3 further strengthens the FIA’s intelligence capabilities through specialized units focused on Open Source Intelligence (OSINT), cyber patrolling, cellular detection, and dark web investigations. These units support lawful intelligence collection, technical analysis, and the detection of cyber-enabled crimes and transnational criminal networks. A centralized Daily Situation Report (DSR) and operational support desk provide FIA leadership with real-time situational awareness, enabling faster decision-making and coordinated nationwide operations. SWAT Teams, Recruitment Drive and Human Trafficking Crackdown To improve officer safety during high-risk operations, the FIA has established Special Weapons and Tactics (SWAT) teams to accompany raiding parties. The agency has also expanded its vehicle fleet to improve operational mobility across the country. Officials revealed that international cooperation is also being strengthened through the creation of a new Director International Coordination position, aimed at enhancing collaboration with foreign law enforcement agencies. The FIA is currently recruiting approximately 1,300 new officials, with additional hiring planned in the future to strengthen its investigative capacity. Employee welfare measures have also been expanded by adopting several service rules currently followed by the Punjab Police. Highlighting recent enforcement efforts, officials said that during the past two years the FIA registered more than 300 First Information Reports (FIRs) related to human trafficking, arrested 258 human trafficking agents, and made significant recoveries during investigations. According to FIA officials, multiple organized trafficking networks have been dismantled, contributing to a decline in fatal migrant boat tragedies involving Pakistani nationals. Outlook The establishment of the FIA Cryptocurrency Investigation Unit marks another significant step in Pakistan’s efforts to strengthen financial crime enforcement as digital assets become increasingly integrated into the global financial system.

Government Forms Committee for IMF Senior Adviser Appointment
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Government Forms Committee for IMF Senior Adviser Appointment

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The government has formed a ministerial committee to select Pakistan’s next Senior Adviser to the IMF Executive Director in Washington, choosing from three shortlisted joint secretaries of the Ministry of Finance. The appointment comes at a critical time as Pakistan prepares for the next phase of its engagement with the International Monetary Fund (IMF), including the fourth review of its ongoing bailout programme. Government Begins Selection Process for IMF Senior Adviser The Prime Minister’s Office has constituted the committee to interview three nominees recommended by the Ministry of Finance. All three candidates are experienced joint secretaries with extensive backgrounds in economic policy and public finance. According to sources, the finance ministry had initially prioritized Maryum Kayani, Joint Secretary (Budget), who previously served in the ministry’s External Finance Wing. The other shortlisted candidates are Moazam Raza, Joint Secretary overseeing IMF-related matters in the External Finance Wing, and Nadeem Ahsan, Joint Secretary responsible for relations with other international lenders. Committee to Conduct Interviews This Month A senior government official said the ministerial committee will interview all three candidates before making its final recommendation. While the Ministry of Finance had reportedly preferred Maryum Kayani for the position, the Prime Minister’s Office opted for a committee-based selection process to ensure the appointment is made on merit and the most suitable candidate is chosen. Role Extends Beyond Pakistan-IMF Relations The Senior Adviser position carries responsibilities that go well beyond managing Pakistan’s bilateral relationship with the IMF. The adviser works closely with the IMF Executive Director, who represents a constituency of eight member countries on the Fund’s Executive Board. The role includes evaluating financing requests from member states, contributing to Article-IV consultation reports, reviewing policy papers, and participating in discussions on global economic and financial issues. Transition Comes Ahead of Key IMF Review Pakistan’s current Senior Adviser, Saifullah Dogar, has completed his three-year tenure and is returning to Pakistan. Although there was an earlier proposal to extend his assignment, the government ultimately decided to proceed with a new appointment. The transition comes ahead of Pakistan’s fourth review under the $7 billion IMF bailout programme, which is expected around September 21. Alongside the programme review, the IMF will also conduct a comprehensive Article-IV consultation, assessing Pakistan’s overall economic performance and medium-term debt sustainability beyond the current programme, which expires in September next year. External Financing Needs Remain in Focus According to IMF projections, Pakistan’s gross external financing requirements remain substantial. The Fund estimates financing needs at approximately $21 billion during the current fiscal year, increasing by around 42% to nearly $30 billion in fiscal year 2027-28. However, during a recent meeting at the Prime Minister’s Office, the Ministry of Finance assured officials that Pakistan currently faces no external financing gap, with all funding requirements for the ongoing fiscal year expected to be met. Government Also Preparing ADB Adviser Appointment In addition to the IMF appointment, the government has also initiated the process to nominate Pakistan’s next adviser at the Asian Development Bank (ADB) in Manila. The five-year advisory position rotates between Pakistan and the Philippines. Meanwhile, Nasheeta Mohsin, Special Secretary Finance, has recently been appointed as Pakistan’s new Executive Director at the ADB. These appointments at key international financial institutions come at an important time as Pakistan seeks to strengthen economic diplomacy, maintain international financial support, and navigate upcoming multilateral engagements.

Pakistan Borrowed $27.2b Foreign Loans in FY26 Amid Export Slump
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Pakistan Borrowed $27.2b Foreign Loans in FY26 Amid Export Slump

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Pakistan secured $27.2 billion in foreign loans during fiscal year 2025-26, including substantial rollovers from China and Saudi Arabia, as the government relied heavily on external financing to support the budget, repay maturing debt, and maintain foreign exchange reserves. According to official data from the Ministry of Economic Affairs, the inflows included $16 billion in fresh loans, $2.2 billion from the International Monetary Fund (IMF), a $5 billion rollover from Saudi Arabia, and $4 billion in Chinese rollovers. Heavy Reliance on Rollovers Supports External Financing The government’s financing strategy remained heavily dependent on the rollover of existing deposits from friendly countries. These rollovers played a crucial role in maintaining Pakistan’s foreign exchange reserves and meeting external financing obligations while easing pressure on the country’s balance of payments. Only a Small Portion Went to Development Projects Official figures show that only $3.4 billion, or around 13% of total external financing, was allocated for development and project financing. The remaining $24 billion was used primarily for budgetary support, debt servicing, and maintaining foreign exchange reserves as the country faced weaker export earnings and higher financing requirements. Export Slowdown Increased Borrowing Needs Pakistan’s exports declined 6% during FY26 to $30 billion, widening the trade deficit and increasing reliance on external lenders. Foreign direct investment (FDI) also remained subdued, falling below $2 billion, limiting alternative sources of foreign exchange inflows. Foreign Exchange Reserves Supported by External Deposits The State Bank of Pakistan’s foreign exchange reserves reached approximately $18.5 billion, largely supported by external rollovers and market purchases. The figures highlight Pakistan’s continued dependence on support from bilateral partners and international financial institutions to maintain reserve adequacy. Saudi Arabia currently maintains around $8 billion in deposits with Pakistan, carrying interest rates of approximately 4% to 4.5%, with these facilities regularly rolled over. China continues to hold around $4 billion in deposits, reportedly carrying interest rates of more than 6%. Multilateral and Commercial Financing Continued Pakistan also received financing from multilateral development partners, including the Asian Development Bank (ADB) and the World Bank, alongside commercial borrowing through Panda Bonds and loans arranged with Chinese and UK-based financial institutions. These funding sources remained an important component of Pakistan’s overall external financing strategy during the fiscal year. IMF Programme Hinges on Continued External Support Officials acknowledge that the success of Pakistan’s IMF programme remains closely linked to continued financial support and rollovers from bilateral partners. Gross external financing requirements are projected to reach approximately $21.2 billion during the current fiscal year before increasing to nearly $30 billion in the following year. Economists continue to warn that Pakistan’s debt-to-GDP ratio and external financing requirements remain above sustainable levels. Although record remittance inflows provided some support during FY26, the current account still slipped into a modest deficit, underscoring the need for stronger export growth, higher foreign investment, and structural economic reforms.

NBP Advances Public Sector Digitization with BEOE Digital Walk-in Fee Collection Solution
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NBP Advances Public Sector Digitization with BEOE Digital Walk-in Fee Collection Solution

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National Bank of Pakistan (NBP) has achieved another milestone in Pakistan’s digital transformation journey by partnering with the Bureau of Emigration & Overseas Employment (BEOE) to digitize walk-in fee collections, supporting the Prime Minister’s vision of a modern, cashless, and digitally empowered economy. The agreement was signed by NBP President & CEO Rehmat Ali Hasnie and BEOE Director General Javed Zia, marking a significant step toward expanding digital payment infrastructure across public sector institutions. NBP and BEOE Launch RAAST QR-Based Digital Fee Collection Under the partnership, NBP will facilitate RAAST Person-to-Merchant (P2M) QR-based digital fee collections for BEOE’s walk-in applicants, enabling instant, secure, and convenient payments. The new solution is expected to improve customer convenience while enhancing operational efficiency, transparency, and the overall payment experience for citizens accessing BEOE services. NBP Reinforces Commitment to Pakistan’s Digital Economy Speaking on the occasion, NBP President & CEO Rehmat Ali Hasnie, accompanied by Group Chief and Chief Digital Officer Adnan Nasir, emphasized the growing importance of cashless and digital payment systems in accelerating Pakistan’s digital transformation. He noted that the adoption of digital payment solutions across government institutions reflects the country’s steady transition from conventional cash-based transactions to modern, technology-driven financial systems. Expanding Digital Payment Solutions Across Public Institutions As part of its broader digital banking strategy, NBP has been actively onboarding public and private sector organizations to expand digital payment capabilities. The bank has already implemented digital payment solutions for several organizations, including the National Highways & Motorway Police, National Accountability Bureau (NAB), Water and Sanitation Agency (WASA), Lahore Electric Supply Company (LESCO), the University of the Punjab, WAPDA Employees Cooperative Housing Society Gujranwala, Federal Science College, Government College University Faisalabad (GCUF), and various other government institutions. Collaboration Supports Efficient Public Service Delivery The partnership was coordinated by Farhan Durrani, Divisional Head of the Digital Banking Group, and Zohaib Ali Khan, Divisional Head of the Digital Banking Group, under the overall supervision of Group Chief and Chief Digital Officer Adnan Nasir. Also present at the signing ceremony were Imran Gull, General Manager Islamabad, Ahmad Ali Athar, North Head of NBP’s Digital Banking, and representatives of the Bureau of Emigration & Overseas Employment, whose collaboration played a key role in the successful implementation of the initiative. NBP Continues to Drive Pakistan’s Digital Transformation NBP reaffirmed its commitment to delivering innovative digital payment solutions across Pakistan while supporting the country’s transition toward a secure, efficient, and inclusive digital economy. The latest collaboration with BEOE further strengthens the bank’s role in promoting cashless transactions, improving public sector service delivery, and accelerating the adoption of digital financial services nationwide.

Pakistan-Uzbekistan Economic Ties Set for Major Boost as Uzbek Deputy PM's Visit Nears
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Pakistan-Uzbekistan Economic Ties Set for Major Boost as Uzbek Deputy PM’s Visit Nears

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Pakistan-Uzbekistan Economic Ties Set to Strengthen Ahead of Uzbek Deputy PM’s Visit Pakistan and Uzbekistan are preparing to deepen their economic partnership as Federal Minister for Economic Affairs Ahad Cheema chaired a high-level meeting to review preparations for the upcoming visit of Uzbekistan’s Deputy Prime Minister Jamshid Khodjayev, scheduled for July 20-21, 2026. The meeting focused on finalizing inter-ministerial coordination and ensuring all arrangements are in place for the visit, which is expected to significantly strengthen Pakistan-Uzbekistan economic ties, boost bilateral trade, attract new investment, and enhance regional connectivity between the two countries. High-Level Meeting Reviews Visit Preparations The review meeting was attended by Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan, Foreign Secretary Amna Baloch, Commerce Secretary Jawad Paul, senior officials from the Ministry of Railways, the National Logistics Corporation (NLC), the Ministry of Communications, and representatives from other relevant ministries. Officials briefed the minister on progress made regarding the planned engagements, agenda items, and agreements expected to be finalized during the Uzbek delegation’s visit. Ahad Cheema emphasized the importance of seamless coordination among all government departments to ensure the success of the high-profile visit. Regional Connectivity and Trade Corridors Take Centre Stage A major focus of the meeting was strengthening transport and logistics links between Pakistan and Uzbekistan to facilitate regional trade. Officials from Pakistan Railways, the National Logistics Corporation (NLC), and the Ministry of Communications presented proposals aimed at improving road and rail connectivity, expanding transport corridors, and modernizing logistics infrastructure. The discussions highlighted the importance of creating faster, more efficient, and cost-effective trade routes that can support increased commercial activity between Pakistan, Uzbekistan, and the wider Central Asian region. The proposed improvements are expected to play a key role in promoting regional economic integration and expanding cross-border trade opportunities. More Than 100 Uzbek Companies to Attend B2B Forum The meeting was informed that a Business-to-Business (B2B) Forum will be organized during the visit, bringing together leading businesses from both countries. More than 100 Uzbek companies are expected to participate, reflecting growing interest among Uzbek investors and businesses in Pakistan’s expanding market. The forum will provide opportunities for companies to explore new investment projects, establish joint ventures, and strengthen commercial partnerships across multiple sectors. Officials believe the event will further enhance private-sector collaboration and encourage long-term business relationships between Pakistani and Uzbek companies. Agriculture, Industry and Logistics to Drive Cooperation According to the briefing, discussions during the visit will focus on several priority sectors, including agriculture, pharmaceuticals, industry, transport, logistics, and infrastructure development. Both governments aim to strengthen public-private partnerships while encouraging greater investment and technology exchange in these sectors. The planned engagements are expected to create new opportunities for businesses while supporting sustainable economic growth in both countries. Five-Year Roadmap and MoUs Expected to Be Signed Expressing satisfaction with the preparations, Ahad Cheema said the visit would mark another important milestone in the growing partnership between Pakistan and Uzbekistan. He expressed confidence that the two sides would sign a Five-Year Roadmap for Trade and Economic Cooperation, providing a comprehensive framework to expand bilateral trade, investment, connectivity, and broader economic collaboration over the coming years. The meeting was also informed that consensus has been reached on several Memorandums of Understanding (MoUs) and bilateral agreements covering multiple sectors. These agreements are expected to open new avenues for cooperation and strengthen institutional collaboration between the two countries. Pakistan Aims to Expand Regional Economic Integration Concluding the meeting, Ahad Cheema directed all concerned ministries and departments to complete the remaining preparations and maintain close coordination ahead of the visit. He said the upcoming visit represents a valuable opportunity to deepen Pakistan-Uzbekistan economic ties, enhance regional connectivity, promote investment, and unlock the significant trade potential between the two countries. With high-level political engagement, business participation, and multiple agreements expected to be finalized, the visit is likely to further strengthen Pakistan’s economic engagement with Central Asia and support the government’s broader strategy of expanding regional trade and investment partnerships.

Sindh Wheat Crackdown Recovers 150,000 Tonnes as Prices Fall 13% After Anti-Hoarding Drive
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Sindh Wheat Crackdown Recovers 150,000 Tonnes as Prices Fall 13% After Anti-Hoarding Drive

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Sindh Wheat Crackdown Recovers 150,000 Tonnes, Bringing Down Wheat Prices Pakistan’s wheat market has witnessed a major shift after the Sindh Wheat Crackdown recovered nearly 150,000 tonnes of wheat from alleged hoarders, helping reduce wheat prices by 13% following the release of the recovered stocks into the market. The provincial government says the operation has significantly improved wheat availability, easing pressure on consumers who have faced elevated food prices despite a strong domestic harvest. Officials describe the campaign as one of the largest anti-hoarding drives undertaken in Sindh in recent years. Anti-Hoarding Operation Targets Artificial Shortages Addressing a press conference, Sindh Senior Minister and Provincial Minister for Information, Transport and Mass Transit Sharjeel Inam Memon said both Sindh and Punjab recorded strong wheat production during the latest harvesting season. Despite the bumper crop, he alleged that large quantities of wheat were purchased and stored by hoarders, creating artificial shortages and preventing market prices from reflecting abundant supply. According to the provincial government, the recovered wheat has now been released into the market, increasing supply and helping stabilize prices for consumers. Wheat Prices Fall 13% Following Market Intervention Officials say the most immediate outcome of the crackdown has been a 13% reduction in wheat prices, demonstrating the impact of improved market supply. The Sindh government stated that individuals whose wheat stocks were confiscated were compensated according to officially notified procurement prices. Authorities have also urged traders and warehouse owners still holding excessive wheat stocks to voluntarily release them to improve market availability. The government believes additional supply entering flour mills and wholesale markets will help maintain price stability in the coming weeks. Sindh and Punjab Adopted Different Wheat Procurement Policies Sharjeel Memon said Sindh and Punjab followed different procurement strategies during the current wheat season, resulting in varying market conditions. He rejected reports suggesting wheat was being transported from Punjab to Afghanistan but claimed authorities had found evidence of wheat being moved from Sindh into Punjab. The minister also clarified that constitutional provisions do not permit provinces to restrict the movement of wheat across provincial borders, reaffirming that inter-provincial trade remains legally protected. Why the Sindh Wheat Crackdown Matters Wheat is Pakistan’s primary staple food, making price stability essential for millions of households. Officials argue that hoarding distorts markets by creating artificial shortages, increasing food inflation, and forcing governments to intervene. By recovering hidden stocks and releasing them into the market, authorities hope to discourage speculative practices while improving food security. Economists note that long-term stability will depend on transparent procurement policies, effective market oversight, and coordinated action between provincial governments. Water Distribution Concerns Also Raised During the briefing, Sharjeel Memon also highlighted Sindh’s concerns regarding water availability. He urged the federal government and the Indus River System Authority (IRSA) to ensure Sindh receives its constitutional share of water under the Water Apportionment Accord. The minister said fair water distribution remains critical for sustaining agricultural production, particularly wheat cultivation, in the coming seasons. Government Seeks Sustainable Market Stability The recovery of 150,000 tonnes of wheat demonstrates the immediate impact that enforcement action can have on improving supply and reducing prices. Provincial authorities say they will continue monitoring wheat markets to prevent hoarding and ensure adequate supplies remain available to consumers. They believe sustained enforcement, transparent procurement policies, and efficient distribution systems will be essential to maintaining price stability and strengthening Pakistan’s food security in the months ahead.

PSX KSE-100 Index Surges Over 2,800 Points as Investors Return to Pakistan Stocks
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PSX KSE-100 Index Surges Over 2,800 Points as Investors Return to Pakistan Stocks

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PSX KSE-100 Index Surges Over 2,800 Points as Investors Rush Back into Pakistan Stocks The PSX KSE-100 Index staged a powerful comeback on Thursday, posting one of its strongest single-day gains in recent weeks as investors returned aggressively to the Pakistan Stock Exchange following last week’s sharp market correction. The benchmark index closed at 178,123.56 points, advancing 2,837.78 points, or 1.62%, while remaining in positive territory throughout the trading session. The market touched an intraday high of 178,431.73 points, with the day’s low staying comfortably above the previous close, reflecting sustained buying interest across key sectors. The sharp rebound indicates improving investor confidence, with market participants taking advantage of attractive valuations in fundamentally strong companies after the recent sell-off. Banking, Cement and Fertilizer Stocks Lead Market Recovery The rally in the PSX KSE-100 Index was driven by aggressive value buying in sectors considered financially resilient and well-positioned for long-term growth. Commercial banks emerged as the biggest contributors to the benchmark index as investors remained confident about the sector’s earnings outlook. Cement stocks also witnessed renewed buying on expectations of stronger construction and infrastructure activity. Fertilizer companies remained among the session’s strongest performers amid expectations of stable demand, while power generation companies added further momentum to the market’s recovery. The combination of bargain hunting and improving investor sentiment helped maintain positive momentum throughout the trading day. Trading Activity Strengthens Across the Market Investor participation increased significantly, reflecting growing confidence in Pakistan’s equity market. The PSX KSE-100 Index recorded trading volume of 311.88 million shares, while total market volume reached 736.96 million shares, substantially higher than the previous session. The value of traded shares climbed to Rs34.61 billion, highlighting stronger participation from both institutional and retail investors. A total of 496 companies were traded during the session. Among them, 342 stocks advanced, 129 declined, while 25 remained unchanged, demonstrating broad-based buying across multiple sectors. Blue-Chip Stocks Drive the Rally Several major listed companies recorded strong gains as investors accumulated shares throughout the session. Among the day’s best-performing stocks were Pioneer Cement (PIOC), Nishat Power (NPL), Sui Northern Gas Pipelines (SNGP), FATIMA, and TRG Pakistan, all posting notable gains. Meanwhile, a limited number of companies, including IBFL, HGFA, UPFL, RMPL, and LOTCHEM, ended the session lower, although their declines had only a marginal impact on the overall market. Among index heavyweights, Engro Holdings (ENGROH), United Bank Limited (UBL), Meezan Bank (MEBL), Hub Power Company (HUBC), and Lucky Cement (LUCK) made the largest positive contribution to the benchmark index. Most Active Stocks Reflect Broad Investor Participation Trading activity remained widespread across chemicals, banking, energy, technology, and industrial sectors. LOTCHEM emerged as the most actively traded stock despite closing slightly lower. It was followed by TPL Properties (TPLP), ITTEFAQ, TPL REIT Fund I (TPLRF1), Cnergyico (CNERGY), Bank of Punjab (BOP), WorldCall Telecom (WTL), OBOY, LSE Capital (LSECL), and Maple Leaf Cement Factory (MLCF), all attracting strong investor interest. The healthy distribution of trading volumes suggests that the market recovery extended well beyond a handful of blue-chip companies. Market Recovery Signals Improving Investor Sentiment Although the PSX KSE-100 Index remains down 2,178 points (1.21%) since the beginning of the current fiscal year, it has gained 4,069 points (2.34%) since the start of the calendar year. Thursday’s rally reflects improving resilience in Pakistan’s equity market following a period of heightened volatility. Investors appear increasingly willing to accumulate quality stocks as valuations become more attractive. Market participants will now closely monitor upcoming corporate earnings announcements, macroeconomic developments, inflation trends, and monetary policy expectations to assess whether the latest rebound can evolve into a sustained upward trend. Outlook for the Pakistan Stock Exchange The latest advance in the PSX KSE-100 Index highlights renewed confidence among investors and reinforces the market’s ability to recover after periods of correction. Strong trading activity, broad-based sector gains, and increased participation from both institutional and retail investors suggest that quality Pakistani equities continue to attract long-term interest. If corporate earnings remain strong and macroeconomic conditions continue to improve, the Pakistan Stock Exchange could maintain its recovery momentum in the weeks ahead.

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