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Pakistan Grid Stability Enhancement Project: World Bank Approves $375.9 Million to Transform Power Transmission
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Pakistan Grid Stability Enhancement Project: World Bank Approves $375.9 Million to Transform Power Transmission

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Pakistan has taken a major step toward addressing its long-standing electricity challenges after securing $375.9 million in financing from the World Bank for the Pakistan Grid Stability Enhancement Project. The investment is expected to modernize the country’s aging transmission infrastructure, reduce costly power disruptions, and unlock the full potential of renewable energy. Approved by the World Bank’s Board of Executive Directors, the project represents the first phase of the Boosting Energy Security through Transmission in Pakistan (BEST-PAK) Multiphase Programmatic Approach, a 10-year initiative designed to reshape Pakistan’s national electricity transmission network and improve the country’s energy security. Pakistan Grid Stability Enhancement Project Targets the Weakest Link in the Power Sector For years, Pakistan’s energy sector has struggled not only with electricity generation but also with an outdated transmission network that prevents power from reaching consumers efficiently. Even when sufficient electricity is available, transmission bottlenecks and unstable grid operations often lead to power outages, higher operating costs, and significant financial losses. The Pakistan Grid Stability Enhancement Project directly addresses these structural weaknesses by introducing advanced transmission technologies capable of improving voltage stability and grid reliability across the country. According to the World Bank, strengthening the transmission network will improve electricity supply for households, commercial businesses, industries, and investors while creating a more resilient power system capable of supporting future economic growth. World Bank Says Energy Reform Is Critical for Pakistan’s Economy World Bank Country Director for Pakistan, Bolormaa Amgaabazar, emphasized that Pakistan’s electricity challenges are closely connected to the country’s broader economic performance. She noted that investments in resilient transmission infrastructure and modern grid technologies can lower electricity costs, improve operational efficiency, increase renewable energy integration, and strengthen the overall performance of Pakistan’s power sector. Reliable electricity remains one of the most important requirements for industrial productivity, export competitiveness, foreign investment, and sustainable economic development. Without major improvements in transmission infrastructure, Pakistan risks limiting the benefits of future investments in electricity generation. Pakistan Grid Stability Enhancement Project Will Unlock Hundreds of Megawatts of Clean Energy A central objective of the Pakistan Grid Stability Enhancement Project is to eliminate transmission constraints that currently prevent renewable energy from reaching consumers. The project includes the installation of advanced Static Synchronous Compensators (STATCOMs) at three major 500-kilovolt substations, alongside fixed reactors and capacitor banks at 26 grid substations across the country. These upgrades are expected to unlock approximately 640 megawatts of wind energy that is currently being curtailed because of transmission limitations. As a result, Pakistan will be able to fully utilize nearly 1,840 megawatts of wind generation capacity in southern regions while also integrating approximately 491 megawatts of planned private-sector renewable energy projects into the national grid. This development could significantly reduce dependence on expensive imported fuels while supporting Pakistan’s transition toward cleaner electricity generation. Supporting Pakistan’s Renewable Energy and Climate Goals The project also aligns with Pakistan’s commitment to increase renewable energy’s share in the national electricity mix to 60 percent by 2030 under its Nationally Determined Contribution to the Paris Agreement. Over the next 25 years, the World Bank estimates that the project could prevent more than 20.8 million tonnes of carbon dioxide emissions, including approximately 832,500 tonnes annually, making it one of Pakistan’s most significant climate-focused energy investments. Beyond environmental benefits, greater reliance on domestic renewable resources could improve energy affordability and reduce exposure to volatile international fuel markets. Modern Transmission Reforms Could Attract New Investment Lead Energy Specialist for the World Bank’s BEST-PAK Program in Pakistan, Waleed Saleh Alsuraih, described a modern transmission network as the foundation for Pakistan’s future energy system. The project also supports the government’s ongoing reform agenda by assisting the restructuring of the National Transmission and Dispatch Company (NTDC) into specialized successor organizations. These reforms aim to improve governance, accountability, operational efficiency, and financial sustainability while creating a more attractive environment for private investment in Pakistan’s energy sector. If successfully implemented, these institutional reforms could help strengthen investor confidence and accelerate future infrastructure development. Climate-Resilient Infrastructure Designed for Pakistan’s Harsh Conditions Recognizing Pakistan’s increasing exposure to floods and extreme heat, the project has been designed with climate resilience as a core feature. New transmission equipment will be installed on elevated platforms to reduce flood risks, while critical infrastructure will be capable of operating in temperatures reaching 55 degrees Celsius. These measures are intended to ensure uninterrupted performance during monsoon flooding and prolonged heatwaves that increasingly threaten Pakistan’s energy infrastructure. A Turning Point for Pakistan’s Power Sector The Pakistan Grid Stability Enhancement Project represents far more than another infrastructure investment. It is a strategic effort to modernize one of the country’s most critical economic sectors by improving electricity reliability, supporting renewable energy expansion, reducing carbon emissions, and encouraging private investment. If the project delivers on its objectives, it could become a defining milestone in Pakistan’s transition toward a more secure, efficient, and climate-resilient energy future.

Meezan Bank Establishes Centre for Excellence in Islamic FinTech at Iqra University
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Meezan Bank Establishes Centre for Excellence in Islamic FinTech at Iqra University

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Meezan Bank, Pakistan’s leading Islamic bank and one of the country’s largest financial institutions, has established the IU Centre for Excellence in Islamic FinTech (IU CEIF) at Iqra University in strategic collaboration with the university. The initiative aims to strengthen Pakistan’s Islamic finance and FinTech ecosystem through research, innovation, industry collaboration, and capacity-building. Centre Inaugurated in Karachi The Centre was inaugurated during a ceremony held at the University Auditorium, EDC Defence Campus, Karachi. The event was graced by Saleem Ullah, Deputy Governor of the State Bank of Pakistan (SBP), as the Chief Guest. Addressing the ceremony, he praised the collaboration between Meezan Bank and Iqra University and reaffirmed the SBP’s support for initiatives that strengthen Islamic finance, promote responsible innovation, and expand financial inclusion. Hub for Islamic Finance and FinTech Innovation The IU Centre for Excellence in Islamic FinTech has been established as a hub for research, innovation, industry collaboration, and capacity-building at the intersection of Islamic finance and financial technology. The Centre is designed to support Pakistan’s growing Islamic finance and FinTech ecosystem by promoting Shariah-compliant financial innovation while developing future-ready skills and capabilities. Industry Leaders and International Experts Attend The event was hosted by Prof. Dr. Nassar Ikram, Vice Chancellor of Iqra University, and Muhammad Farhan Ul Haq Usmani, Honorary Director of IU CEIF. The ceremony was attended by international representatives from the General Council for Islamic Banks and Financial Institutions (CIBAFI), Bahrain; Islamic Finance Advisory and Assurance Services (IFAAS), United Kingdom; and INCEIF University – International Centre for Education in Islamic Finance, Malaysia. Also present were presidents and CEOs of leading banks, senior representatives of Meezan Bank, including Dr. Muhammad Imran Ashraf Usmani and Sheikh Esam Mohamed Ishaq, members of the Bank’s Shariah Board, officials from the State Bank of Pakistan, members of academia, faculty, students, and professionals from the banking and FinTech sectors. Ms. Imaan Hunaid Lakhani also attended the ceremony, interacting with the Meezan Bank team and distinguished guests while expressing support for Iqra University’s vision of innovation and industry collaboration. Leaders Outline Vision for the Centre In his welcome address, Prof. Dr. Nassar Ikram said the Centre reflects Iqra University’s commitment to advancing knowledge, innovation, and industry relevance in emerging areas of finance and technology. He noted that the collaboration with Meezan Bank would help strengthen the future of Islamic FinTech in Pakistan by connecting academia with industry, encouraging research-led solutions, and preparing students and professionals for the evolving global financial landscape. Meezan Bank President and CEO Dr. Syed Amir Ali delivered the keynote address, outlining the Bank’s vision for the Centre and its role in promoting Shariah-compliant innovation, skills development, and financial inclusion. He emphasized the importance of building a robust Islamic FinTech ecosystem that combines technological advancement with sustainable economic growth. Centre to Focus on Research and Capacity Building Muhammad Farhan Ul Haq Usmani presented an overview of the Centre’s objectives, strategic direction, and planned initiatives. An introductory video showcased the Centre’s focus on research, professional training, industry engagement, and innovation. A panel discussion featuring experts from international academia, banking, and the FinTech industry explored opportunities and challenges in advancing Islamic financial technology in Pakistan. Key topics included regulation, financial inclusion, talent development, and digital transformation. Meezan Bank and Iqra University Aim to Strengthen Islamic FinTech Ecosystem The ceremony concluded with the presentation of souvenirs, group photographs, the formal ribbon-cutting ceremony, and a tour of the newly established FinTech Lounge. Through the IU Centre for Excellence in Islamic FinTech, Meezan Bank and Iqra University aim to create a sustainable platform for research, innovation, industry collaboration, and capacity-building, supporting the long-term growth of Pakistan’s Islamic finance and FinTech landscape.

Bank Alfalah Successfully Raises PKR 20 Billion Tier 2 Term Finance Certificate
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Bank Alfalah Raises Record PKR 20 Billion Through Pakistan’s Largest Banking TFC Issuance

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Bank Alfalah has successfully raised PKR 20 billion through the issuance of a AAA-rated Tier 2 Term Finance Certificate (TFC), marking the largest TFC issuance in Pakistan’s banking industry and the Bank’s first AAA-rated TFC. The successful issuance follows approval from the State Bank of Pakistan and received strong participation from institutional investors, reflecting the market’s confidence in Bank Alfalah’s financial strength, sound governance and long-term growth strategy. Landmark AAA-Rated Tier 2 TFC Strengthens Capital Base Issued under the Basel III regulatory framework, this Tier 2 Issue is a key element of the Bank’s growth strategy and will further complement its growth capital, allowing Bank Alfalah to continue its aggressive expansion, particularly in the SME, ESG initiatives and consumer banking segments. The landmark transaction will also enable the Bank to increase its core profitability and enhance long-term shareholder returns. Strong Financial Performance Supports Investor Confidence The successful issuance builds on Bank Alfalah’s strong financial performance and disciplined balance sheet management. As of December 31, 2025, the Bank reported a profit after tax of PKR 28.34 billion, total deposits of PKR 2.49 trillion and gross advances of PKR 1.15 trillion, while maintaining a Capital Adequacy Ratio (CAR) of 15.87%, comfortably above the regulatory minimum. Serving more than 9.7 million customers through a nationwide network of 1,200 branches across more than 245 cities, Bank Alfalah continues to strengthen its position as one of Pakistan’s leading financial institutions through prudent financial management, innovation and a customer-centric approach. The Bank’s financial strength is further reinforced by PACRA’s decision to maintain its long-term rating at AAA and short-term rating at A1+ with a Stable outlook. Bank Alfalah Highlights Strategic Milestone Commenting on the successful issuance, Aasim Wajid Jawad, Group Head Strategy, Transformation, Customer Experience and VC Investments, said the transaction represents a defining milestone in Bank Alfalah’s capital markets journey. He noted that successfully completing Pakistan’s banking industry’s largest TFC issuance and the Bank’s first AAA-rated TFC reflects investors’ confidence in its financial strength, strategic direction and disciplined growth strategy. He added that the strengthened capital base will enhance the Bank’s ability to support customers, capture future growth opportunities and contribute to Pakistan’s economic progress. Strong Institutional Participation Marks Successful Transaction Pervez Shahbaz Khan, Group Head, Global Markets & Treasury, Bank Alfalah, said the successful execution of the landmark transaction demonstrates the depth of investor confidence in the Bank’s credit quality and financial resilience. He added that strong participation from institutional investors enabled Bank Alfalah to successfully complete the largest TFC issuance ever undertaken by Pakistan’s banking industry.

NBP and 1LINK Hold Bank Activation to Accelerate Digital Payment Adoption
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NBP and 1LINK Hold Bank Activation to Accelerate Digital Payment Adoption

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The National Bank of Pakistan (NBP) and 1LINK have organized a Bank Activation initiative aimed at accelerating the adoption of digital payments and expanding access to secure, convenient financial services across Pakistan. Initiative Promotes Digital Payment Adoption The activation brought together representatives from the banking sector to encourage greater use of digital payment solutions and strengthen Pakistan’s transition towards a cashless economy. The initiative focused on increasing awareness of digital financial services while promoting seamless and secure payment options for individuals and businesses. Collaboration Supports Financial Inclusion NBP and 1LINK highlighted the importance of collaboration among financial institutions to improve access to digital banking services and enhance financial inclusion across the country. The activation also emphasized the role of innovative payment technologies in making financial transactions faster, safer, and more accessible for customers. Strengthening Pakistan’s Digital Financial Ecosystem The event underscored the commitment of both organizations to supporting Pakistan’s evolving digital financial ecosystem through modern payment infrastructure and customer-centric solutions. Officials noted that expanding the use of digital payments can improve efficiency, reduce reliance on cash, and contribute to broader economic growth. Continued Focus on Digital Transformation NBP and 1LINK reaffirmed their commitment to working with industry stakeholders to promote digital payment adoption and support the State Bank of Pakistan’s vision of a more inclusive and digitally connected financial sector.

Gilgit-Baltistan 100MW Solar Project Moves Forward as PC-1 Sent for Approval
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Gilgit-Baltistan 100MW Solar Project Moves Forward as PC-1 Sent for Approval

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ISLAMABAD: The Gilgit-Baltistan 100MW Solar Project has taken a significant step forward after the PC-1 for its 82-megawatt (MW) utility-scale component was formally submitted to the Executive Committee of the National Economic Council (ECNEC) for approval. The development came during a high-level meeting chaired by Prime Minister Shehbaz Sharif on Wednesday to review progress on the solar energy initiative, which is expected to improve electricity supply and reduce load shedding across **Gilgit-Baltistan>. According to an official statement, the project forms part of the federal government’s efforts to expand renewable energy, improve energy security and provide reliable electricity to underserved regions. PC-1 for 82MW Solar Component Submitted Officials informed the prime minister that the PC-1 for the project’s 82MW utility-scale solar component has been submitted to Executive Committee of the National Economic Council for approval. Once approved, the project will move into the implementation phase. The government estimates that the 82MW solar facility will benefit around 1.3 million people by improving electricity availability and significantly reducing power outages across Gilgit-Baltistan. The project is expected to increase the share of clean energy in the region while lowering dependence on conventional power sources. PM Calls Solar Energy a National Priority During the meeting, Prime Minister Shehbaz Sharif stressed that expanding solar power remains a national priority because it provides clean, affordable and environmentally friendly electricity. He said renewable energy projects are essential for Pakistan’s long-term energy security and economic development. The prime minister described the Gilgit-Baltistan 100MW Solar Project as “a gift from the federal government to the people of Gilgit-Baltistan”, highlighting the government’s commitment to improving living standards in the region. He directed the Power Division to ensure that the project is installed and completed within the scheduled timeframe. Transparency in Procurement Ordered Prime Minister Shehbaz Sharif also instructed officials to maintain complete transparency throughout the procurement process. He directed that all procurement activities should follow established procedures to ensure fairness and accountability. The prime minister further ordered that payments to contractors should only be made after comprehensive third-party verification of completed work. The directive aims to ensure quality standards are maintained while safeguarding public funds allocated for the project. 18MW Rooftop Solar System Also Planned Officials also briefed the meeting on another major component of the initiative. Besides the 82MW utility-scale solar plant, the government plans to install an 18MW rooftop solar system, supported by battery storage, on 499 government buildings across Gilgit-Baltistan. The rooftop installations are expected to be completed by December. The government believes this component will improve the quality of electricity services, reduce energy costs for public institutions and strengthen the region’s energy self-sufficiency. Battery storage systems will also help provide a more reliable electricity supply during periods of lower solar generation. Project Aims to Reduce Load Shedding The Gilgit-Baltistan 100MW Solar Project is expected to play an important role in addressing electricity shortages in the mountainous region. Gilgit-Baltistan has long faced power supply challenges, particularly during winter months when electricity demand rises and hydropower generation declines. By adding 100MW of solar capacity, the government hopes to reduce load shedding, improve energy reliability and support economic activity across the region. The project also aligns with Pakistan’s broader strategy to increase renewable energy generation and reduce reliance on imported fossil fuels. Senior Ministers Attend Review Meeting The meeting was attended by several senior government officials, including Federal Minister for Power Sardar Awais Ahmad Khan Leghari, Minister of State for Finance and Railways Bilal Azhar Kayani, along with other officials from relevant ministries and departments. Participants reviewed the project’s progress, implementation timeline and procurement arrangements to ensure the initiative remains on schedule. Project Builds on Earlier Federal Initiative The latest progress follows an earlier decision made by Prime Minister Shehbaz Sharif in September 2025, when he approved a plan to use confiscated solar panels for public energy projects in Gilgit-Baltistan. That initiative allocated 100MW of solar capacity for distributed solar photovoltaic projects across remote locations in the region. The current project represents the implementation of that commitment and is designed to improve electricity access in some of Pakistan’s most geographically challenging areas. Once completed, the Gilgit-Baltistan 100MW Solar Project is expected to provide cleaner, more reliable and affordable electricity to communities while supporting the country’s transition toward renewable energy and sustainable development.

K2 Airways Cargo Plane Crash: Navy and PMSA Locate Wreckage 53NM South of Ormara
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K2 Airways Cargo Plane Crash: Navy and PMSA Locate Wreckage 53NM South of Ormara

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Search and Rescue Operation Recovers B737 Debris After 12-Hour Hunt in Deep Sea Pakistan Navy (PN) and the Pakistan Maritime Security Agency (PMSA) have located the wreckage of a K2 Airways Cargo plane crash site in the Arabian Sea. The discovery came after an exhaustive 12-hour search and rescue operation conducted across deep sea waters. The aircraft, a Boeing 737 cargo jet, was declared missing the previous night, triggering an immediate emergency response from maritime and aviation authorities. The wreckage was recovered approximately 53 nautical miles south of Ormara, a coastal town in Balochistan. The find confirmed the worst fears of aviation officials and the families of the crew members on board. K2 Airways Cargo Flight Goes Missing Overnight The K2 Airways Cargo B737 disappeared from radar during the night, prompting authorities to launch an urgent search operation. Details of the flight’s route and the number of crew members on board were not immediately disclosed in the initial statement. However, the aircraft’s sudden disappearance triggered alarm across Pakistan’s aviation and maritime agencies, who mobilised resources without delay. The Pakistan Navy and PMSA took charge of the search operation as the last known trajectory of the aircraft pointed towards the Arabian Sea. Both agencies coordinated closely to deploy a range of assets across a vast stretch of open water. 12-Hour Search Operation Spans Deep Sea Waters The search and rescue operation lasted 12 gruelling hours. PN and PMSA deployed multiple airborne and sea-based assets to comb through the deep sea region south of Ormara. Aircraft conducted aerial sweeps over a wide search area while naval vessels scoured the waters below. The operation faced significant challenges due to the depth of the sea in the search zone and the vast area that needed to be covered. Despite these difficulties, search teams pressed on through the night and into the following day without interruption. Wreckage Found 53 Nautical Miles South of Ormara After 12 hours of continuous operations, PN and PMSA successfully located and identified the wreckage of the K2 Airways Cargo plane crash. The debris was found 53 nautical miles south of Ormara in the Arabian Sea. The recovery of the wreckage confirmed that the aircraft had gone down in the sea. Aviation investigators and rescue teams will now work to piece together what caused the Boeing 737 to crash. The discovery of the crash site marks a critical milestone in the investigation and recovery operation. Search Continues for Missing Crew Members Despite locating the K2 Airways Cargo plane crash site, the fate of the crew members remains unknown. Rescue teams are actively searching the area for any survivors or remains of those on board. Both PN and PMSA have kept all assets deployed in the area as the search for missing crew members continues. The operation remains ongoing and authorities have pledged to provide further updates as the situation develops. The recovery of crew members from deep sea conditions presents a formidable challenge for rescue teams. However, authorities have indicated that all available resources remain committed to the mission. Aviation and Maritime Agencies Coordinate Response The swift and coordinated response by Pakistan Navy and PMSA drew recognition from officials. The two agencies worked in close coordination throughout the 12-hour operation, pooling their airborne and sea-based assets to maximise the coverage of the search area. The Pakistan Navy operates a fleet of maritime patrol aircraft and naval vessels well-suited to deep-sea search operations. PMSA similarly contributed specialised assets to the effort. Their combined resources proved decisive in locating the K2 Airways Cargo plane crash site within 12 hours of the aircraft being declared missing. Further Updates Expected as Operation Progresses Authorities have confirmed that the search and rescue operation is still underway. Further details are expected to be released as the operation progresses and more information becomes available. The K2 Airways Cargo plane crash is a major aviation tragedy and will likely prompt a full investigation by Pakistan’s Civil Aviation Authority (CAA). Questions about the aircraft’s airworthiness, flight path, and communication logs will form a central part of any inquiry. Pakistan’s aviation sector and the public are closely watching developments as rescue teams continue their efforts in the Arabian Sea.

Govt Plans to Deregulate Pakistan's Petroleum Market, Digitalize Fuel Supply Chain
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Govt Plans to Deregulate Pakistan’s Petroleum Market, Digitalize Fuel Supply Chain

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Pakistan is preparing to gradually deregulate its petroleum market by reducing government involvement in fuel pricing while introducing a more transparent, market-based system. Alongside deregulation, the government plans to digitalize the petroleum supply chain to improve transparency, operational efficiency, and oversight, as Pakistan continues to navigate global energy market volatility. ISLAMABAD: Pakistan is preparing to reform its petroleum sector by gradually reducing government control over fuel pricing and introducing a more transparent, market-driven system, Petroleum Minister Ali Pervaiz Malik said on Tuesday. While briefing the National Assembly Standing Committee on Petroleum, the minister outlined the government’s roadmap to deregulate the petroleum market, improve transparency, and modernize the country’s fuel supply chain through digitalization. He said the government aims to reduce its direct role in determining petrol and diesel prices while continuing to monitor the supply chain to ensure uninterrupted fuel availability across the country. “The objective is to create a competitive and transparent petroleum market that reflects international price trends while ensuring a reliable supply of petroleum products,” the minister told the committee. Digital Fuel Supply Chain to Improve Transparency As part of the planned reforms, the government is digitalizing Pakistan’s petroleum supply chain to strengthen oversight, improve operational efficiency, and reduce irregularities. Ali Pervaiz Malik also revealed that the government is considering publishing daily Platts benchmark prices, allowing consumers and industry stakeholders to track international fuel prices that influence domestic petroleum rates. The move is expected to provide greater transparency in the pricing mechanism and help explain fluctuations in local fuel prices. Heavy Reliance on Imported Fuel The minister said Pakistan remains highly vulnerable to global oil price movements because of its dependence on imported petroleum products. According to the minister, the country imports around 70% of its petrol requirements and approximately 33% of its diesel consumption, making domestic fuel prices sensitive to changes in international crude oil and refined fuel markets. He said any increase in global oil prices, freight charges, insurance costs, or shipping premiums directly affects Pakistan’s import bill and retail fuel prices. Regional Conflict Increased Import Costs Recalling the recent regional conflict in the Middle East, Ali Pervaiz Malik said Pakistan successfully maintained uninterrupted fuel supplies despite severe disruptions in international markets and limited domestic storage capacity. Before the conflict, international crude oil traded at around $71 per barrel, while diesel prices were close to $78 per barrel. However, the crisis caused freight charges, insurance premiums, and transportation costs to surge. As a result, gasoline prices climbed to between $180 and $190 per tonne, while diesel became scarce in international markets. Although global crude oil prices have since fallen below pre-conflict levels, the minister said domestic petrol and diesel prices remain relatively high because import-related costs have not yet returned to previous levels. Govt Ensured Uninterrupted Fuel Supplies Ali Pervaiz Malik said the government successfully managed fuel supplies throughout the crisis, ensuring fertilizer plants, power stations, and other critical industries continued operating without disruption. He added that only limited restrictions were imposed on domestic natural gas consumption during meal hours to manage demand while protecting essential services. Petroleum Levy and IMF Commitments The minister also informed lawmakers that the petroleum levy on petrol has exceeded Rs80 per litre, in line with commitments made under Pakistan’s agreement with the International Monetary Fund (IMF). Responding to concerns about the energy sector’s financial challenges, he said the government remains engaged in discussions with the IMF on resolving the issue of circular debt. Ali Pervaiz Malik expressed confidence that there would be no increase in the energy sector’s circular debt by the end of the current fiscal year, reflecting the government’s efforts to improve financial discipline and strengthen the long-term sustainability of Pakistan’s energy sector.

REVOO Opens Pre-Bookings for the New C35 Series with Exclusive Launch Offer
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REVOO Opens Pre-Bookings for C35 Series Electric Bikes in Pakistan

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REVOO has officially opened pre-bookings for its new C35 Series electric bikes in Pakistan, introducing the C35 and C35 Young with launch discounts of Rs10,000. The family-focused electric bike lineup aims to promote affordable and practical electric mobility through the company’s “Chalo Aik Sath” campaign. KARACHI: REVOO has officially announced the opening of pre-bookings for its highly anticipated C35 Series, introducing the C35 and C35 Young electric bikes to the Pakistani market. The pre-booking campaign will run from July 6 to July 31, 2026, or until stocks last, allowing customers to reserve their preferred model with a booking amount of Rs10,000. The booking amount will be adjusted as a discount in the final invoice. REVOO Introduces Family-Focused Electric Bike Lineup The company has positioned the C35 Series as Pakistan’s first family-focused electric bike lineup, developed around the everyday transportation needs of Pakistani households. The launch is being led under REVOO’s “Chalo Aik Sath” campaign, which promotes shared mobility and encourages families to embrace electric transportation. C35 and C35 Young Prices in Pakistan REVOO has announced the following retail prices for the new models: Model Retail Price Launch Price After Discount REVOO C35 Rs279,000 Rs269,000 REVOO C35 Young Rs235,000 Rs225,000 Customers who pre-book either model during the campaign will receive a Rs10,000 launch discount. REVOO Highlights Family-Centric Design Commenting on the launch, Kyle Zhang, Country Head of REVOO Pakistan, said the C35 Series was designed after recognizing that motorcycles in Pakistan are primarily used by families rather than individual riders. He said the “Chalo Aik Sath” campaign reflects the company’s vision of offering electric mobility solutions that match the way Pakistani families travel while making the transition to electric vehicles more affordable through the pre-booking offer. REVOO C35 Young Targets Value-Conscious Buyers Positioned as the “King of Value,” the C35 Young is designed for riders seeking an affordable entry into electric mobility. The electric bike features: REVOO said the model combines practical everyday usability with premium build quality and modern safety features to make electric mobility more accessible for Pakistani families. REVOO C35 Offers More Power and Utility The REVOO C35 serves as the flagship model within the new lineup and carries the company’s promise of “Never Lets You Down.” Key features include: According to the company, the C35 is designed to deliver reliable performance across both urban roads and rural terrain while offering the power, comfort, and practicality required for daily family transportation. Child Lock Feature Enhances Safety The C35 Series also introduces REVOO’s intelligent Child Lock system. The feature requires a two-step process to disengage Parking Mode, helping prevent unintended vehicle movement caused by accidental button presses. REVOO said the innovation reflects its focus on developing electric bikes that address the real-world safety needs of Pakistani families. REVOO Aims to Expand Electric Mobility Adoption With the launch of the C35 Series, REVOO aims to encourage wider adoption of electric transportation by offering family-oriented, practical, and affordable mobility solutions. Through its “Chalo Aik Sath” campaign, the company hopes to accelerate Pakistan’s transition toward cleaner transportation while addressing the everyday commuting needs of households across the country.

Pakistan Government Borrowing Rises to Rs2.97 Trillion in FY27 After Rs1.05 Trillion Weekly Increase
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Pakistan Government Borrowing Rises to Rs2.97 Trillion in FY27 After Rs1.05 Trillion Weekly Increase

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Pakistan’s government recorded net borrowing of Rs1.05 trillion during the week ended June 26, 2026, taking total net borrowing in FY2026-27 to Rs2.97 trillion, according to the latest data released by the State Bank of Pakistan (SBP). The increase was largely driven by borrowing for budgetary support, while the government continued reducing its reliance on direct financing from the central bank. KARACHI: The Government of Pakistan added Rs1.05 trillion to its domestic debt during the week ended June 26, 2026, pushing total net borrowing for FY2026-27 to Rs2.97 trillion, according to the latest weekly estimates published by the State Bank of Pakistan (SBP). The data highlights the government’s continued dependence on domestic financing to meet fiscal requirements, with budgetary support accounting for the overwhelming share of fresh borrowing. Budgetary Support Accounts for Most of the Weekly Borrowing According to the SBP, government borrowing is classified into three categories: budgetary support, commodity operations, and other purposes. During the reporting week, borrowing was distributed as follows: Category Weekly Borrowing Budgetary Support Rs1.048 trillion Commodity Operations Rs599 million Others Rs5.11 billion Total Net Borrowing Rs1.05 trillion The sharp rise in budgetary borrowing reflects the government’s financing needs at the beginning of the new fiscal year as it manages expenditures and implements budget commitments. Cumulative FY27 Borrowing Nears Rs3 Trillion Following the latest increase, cumulative borrowing for budgetary support has reached approximately Rs3.02 trillion during FY2026-27. Meanwhile, commodity operations recorded a net retirement of Rs51.4 billion, indicating that repayments exceeded fresh borrowing. Borrowing under the other category stood at Rs1.53 billion. The cumulative borrowing position is as follows: Category Cumulative Position Budgetary Support Rs3.02 trillion Commodity Operations Rs51.4 billion retired Others Rs1.53 billion borrowed Net Government Borrowing Rs2.97 trillion The figures show that budgetary support continues to account for nearly all of the government’s financing requirements. Government Continues to Reduce Borrowing from SBP The SBP data indicates that the government has continued its policy of reducing direct borrowing from the central bank. During FY2026-27, the government retired a net Rs3.08 trillion owed to the State Bank of Pakistan. The repayments included: The continued retirement of central bank debt aligns with broader fiscal and monetary reforms aimed at limiting direct government borrowing from the SBP. Scheduled Banks Provide More Than Rs6 Trillion While reducing liabilities to the central bank, the government significantly increased financing through scheduled commercial banks. According to the latest SBP estimates, the government has secured Rs6.10 trillion in net financing from commercial banks during FY2026-27. The Federal Government accounted for the majority of the borrowing, raising approximately Rs6.31 trillion from scheduled banks. In contrast, provincial governments recorded a net retirement of Rs207.75 billion, reducing their outstanding borrowing from commercial banks. The trend reflects the government’s strategy of relying more heavily on market-based financing through the domestic banking sector. Domestic Borrowing Remains Central to Fiscal Management Domestic borrowing continues to play a vital role in financing Pakistan’s fiscal operations, particularly during the early stages of the fiscal year when expenditure requirements are typically elevated. Budgetary support remains the largest component of government borrowing, helping finance development projects, operational spending, debt servicing, and other budgeted obligations. The latest SBP data also indicates continued adherence to the government’s policy of reducing direct central bank financing while increasing reliance on commercial banks. Economists generally view this approach as supportive of monetary discipline, although sustained borrowing from scheduled banks could influence liquidity conditions and private sector credit availability in the months ahead. As FY2026-27 progresses, government borrowing trends will remain closely monitored by investors, policymakers, and financial markets for their implications on public debt management, fiscal sustainability, and overall macroeconomic stability.

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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