External Sector

Govt Appoints Hamed Yaqoob Sheikh Petroleum Secretary: Key Bureaucratic Move in Pakistan’s Energy Sector
External Sector

Govt Appoints Hamed Yaqoob Sheikh Petroleum Secretary: Key Bureaucratic Move in Pakistan’s Energy Sector

Hamed Yaqoob Sheikh Petroleum Secretary is the latest high-profile bureaucratic appointment announced by the Government of Pakistan, signaling a key administrative reshuffle in one of the country’s most critical economic sectors. The federal government has transferred and posted Hamed Yaqoob Sheikh, a BS-22 officer of the Pakistan Administrative Service (PAS), as Secretary of the Petroleum Division with immediate effect. The decision was formally communicated through a notification issued by the Establishment Division under the Cabinet Secretariat. The move is seen as part of routine but strategically important administrative changes aimed at strengthening governance in Pakistan’s energy sector an industry that remains central to the country’s economic stability and growth. Background of Hamed Yaqoob Sheikh Before becoming Hamed Yaqoob Sheikh Petroleum Secretary, Sheikh served as Secretary of the National Health Services, Regulations and Coordination Division. His transfer places him at the helm of the federal government’s most influential energy policy body. As a senior bureaucrat in the highest grade of Pakistan’s civil service, Sheikh brings extensive administrative experience to the role. His leadership will now be directed toward overseeing policy decisions and regulatory frameworks that shape Pakistan’s oil and gas sector. The Establishment Division confirmed that the appointment takes effect immediately and will remain valid until further notice, ensuring continuity in leadership within the petroleum sector. Why the Petroleum Division Matters The appointment of Hamed Yaqoob Sheikh Petroleum Secretary comes at a time when Pakistan’s energy sector faces multiple challenges, including energy supply constraints, exploration needs, and evolving global energy dynamics. The Petroleum Division plays a central role in managing the country’s oil and gas resources. Its responsibilities include overseeing exploration activities, regulating production, and coordinating national energy policy. In practical terms, the division acts as the government’s primary authority responsible for shaping the framework under which Pakistan’s energy industry operates. Core Responsibilities of the Petroleum Division Rather than a simple list, the division’s responsibilities can be better understood through its operational role in the energy ecosystem: • Oil and Gas Exploration Oversight: Supervising exploration activities and licensing agreements to ensure sustainable resource development.• Energy Policy Formulation: Developing national policies that guide the country’s petroleum and natural gas sectors.• Production and Supply Regulation: Monitoring production levels and supply chains to support domestic energy demand.• Industry Coordination: Acting as the federal government’s bridge between regulators, state-owned companies, and private sector operators. Through these functions, the Petroleum Division effectively shapes Pakistan’s long-term energy strategy. Administrative Reshuffle and Governance The posting of Hamed Yaqoob Sheikh Petroleum Secretary reflects the government’s ongoing administrative adjustments within the federal bureaucracy. Such changes are routine in Pakistan’s civil service system and are designed to ensure experienced officers lead key strategic departments. Energy remains one of the most sensitive and economically significant sectors for Pakistan. With rising energy demands and increasing focus on resource management, leadership within the Petroleum Division can directly influence policy direction and sector performance. The government’s decision to place a senior PAS officer in this role indicates the importance being attached to administrative oversight and policy implementation in the energy landscape. Official Notification and Implementation The formal notification announcing Hamed Yaqoob Sheikh Petroleum Secretary was issued from Islamabad by the Establishment Division under the Cabinet Secretariat. The directive has been circulated to all relevant government departments and institutions for immediate implementation. As is customary with such federal postings, the appointment remains effective until a subsequent notification is issued. Looking Ahead for Pakistan’s Energy Policy With Hamed Yaqoob Sheikh Petroleum Secretary, Pakistan’s petroleum sector enters a new administrative phase. The division he now leads will continue to play a decisive role in addressing energy security, improving resource management, and guiding future exploration initiatives. As Pakistan navigates global energy challenges and domestic supply needs, leadership within the Petroleum Division will remain critical to shaping the country’s energy future.

Govt Slaps Fixed Charges on Domestic Users to Recover Rs101 Billion
External Sector

Govt Slaps Fixed Charges on Domestic Users to Recover Rs101 Billion

The Power Division of Pakistan has recently issued a notification introducing fixed monthly charges on domestic electricity consumers across various consumption slabs. Read More: https://theboardroompk.com/retailers-adoption-of-qr-based-merchant-payments-needs-a-clear-roadmap/ This move aims to recover approximately Rs 101 billion annually while addressing structural issues in the power sector, such as high fixed costs and declining grid demand due to rising solar adoption. The charges vary by usage levels and consumer categories, with lifeline users (permanently below 100 units) remaining exempt. This adjustment follows approvals and is linked to efforts to reduce cross-subsidies, particularly benefiting industrial users through lower variable tariffs. Slab-Wise Fixed Charges Introduced The new fixed charges are consumption-based and apply to most domestic users except true lifeline consumers. For lower-usage protected consumers (up to 100 units), a Rs 200 fixed charge now applies to around 9.9 million users previously exempt or lightly burdened. Over 6.1 million protected consumers in the up-to-200-unit category will pay Rs 300 monthly. Non-protected users face charges starting from Rs 275 per kW for those occasionally exceeding low thresholds. Higher slabs see progressive increases: Rs 300 for the 200-unit slab (affecting about 2.24 million), Rs 350 for 201–300 units (2.9 million consumers), Rs 400 for 301–400 units (around 1 million), Rs 500 for 401–500 units (about 400,000), and up to Rs 675 per kW for those exceeding 500 units. For Time-of-Use (ToU) and higher-consumption users, some offset comes via reduced variable charges. Broader Implications and Rationale The policy seeks equitable recovery of fixed costs like capacity payments and transmission, which were previously mismatched with mostly volumetric tariffs (over 93% recovery per unit). It reduces cross-subsidy burdens on industries by about Rs 4.04 per kWh through their tariff cuts. Critics argue it shifts financial relief for industries onto households, potentially straining low-income users amid inflation. The government views it as essential for grid sustainability and long-term financial health, aligning with the National Electricity Plan’s goal of fixed charges covering at least 20% of costs.

Exports Plunge 15%: Pakistan's Jul-Nov Trade Deficit Widens to $15.54 Billion
Breaking News, External Sector

Exports Plunge 15%: Pakistan’s Jul-Nov Trade Deficit Widens to $15.54 Billion

Islamabad, December 22, 2025 – Pakistan’s merchandise trade deficit widened sharply to $15.54 billion during the first five months of fiscal year 2025-26 (July-November), driven by a steep decline in exports and a robust increase in imports, according to data from the Pakistan Bureau of Statistics (PBS).Exports fell 14.54% year-on-year to $12.87 billion from $13.72 billion in the corresponding period last year. The downturn affected all major categories, with significant drops in food items—particularly rice—and textiles, traditional mainstays of Pakistan’s export basket. Read More: https://theboardroompk.com/chinese-firm-proposes-e2-billion-to-boost-shipbuilding-and-steel-work-at-port-qasim/ Meanwhile, imports surged 13.63% to $28.4 billion, up from $25 billion, reflecting higher demand for machinery, raw materials, petroleum products, and possibly consumer goods amid recovering domestic economic activity.The persistent export slump highlights structural challenges, including high energy costs, currency volatility, global competition, and supply chain disruptions. Textile exporters face stiff rivalry from regional peers like Bangladesh and Vietnam, while food exports suffer from climate impacts and quality issues.This widening deficit exacerbates pressure on Pakistan’s external account, potentially straining foreign exchange reserves and the Pakistani rupee. It could complicate compliance with International Monetary Fund (IMF) programme targets, which emphasize export diversification and import rationalization.Analysts warn that without urgent reforms—such as enhancing competitiveness through lower input costs, improving ease of doing business, and pursuing new trade agreements—the trade imbalance may persist, hindering sustainable growth.The government has introduced measures like the National Tariff Policy 2025-30 and export incentives, but their impact remains limited so far. Remittances and services exports provide some cushion, but goods trade remains a vulnerability.November alone saw exports at around $2.39 billion (down 15.4% YoY) and imports at $5.25 billion (up 5%), contributing to a monthly deficit of nearly $2.86 billion.Policymakers now face calls for targeted interventions to revive exports and curb non-essential imports to narrow the gap in the remaining fiscal year.

Declining Demand at Home, China Dumps Millions of Unsold Gasoline Cars on the World
External Sector, World

Declining Demand at Home, China Dumps Millions of Unsold Gasoline Cars on the World

Beijing: As Western governments fixate on the electric-vehicle onslaught from BYD and Tesla rivals, China’s traditional automakers are waging a quieter but bigger war with gasoline cars they can no longer sell at home.Domestic demand for internal-combustion-engine vehicles has collapsed under aggressive NEV quotas, subsidies, and local license-plate restrictions. Factories owned by FAW, SAIC, Changan, Dongfeng, and their foreign joint-venture partners now sit on mountains of unsold petrol sedans, SUVs, and pickups.Instead of idling capacity, Beijing has unleashed a fire sale on emerging markets. In 2025 alone, China is on track to export over 4.2 million gasoline and mild-hybrid vehicles—up 65% from 2023—mostly to Southeast Asia, Latin America, the Middle East, Africa, and Russia. Prices routinely undercut local and European brands by 30–50%, often below cost.Industry analysts warn the flood is locking developing nations into fossil-fuel dependency for another decade, undermining global climate targets while gutting remaining Western and Japanese assembly plants in those regions. Former joint-venture partners like Volkswagen, Stellantis, and Honda are being crushed by the very factories they helped build.One Bangkok dealer summed it up: “A new MG or Chery petrol SUV costs less than a used Corolla. Customers don’t care about 2035 bans here—they want cheap now.”Quietly, the gasoline car has become China’s most potent automotive export weapon.

Pakistan SMEs Embrace Green Transition for Global Competitiveness
External Sector

Pakistan SMEs Embrace Green Transition for Global Competitiveness

LAHORE: Small and medium-sized enterprises (SMEs) in Pakistan’s vital textile and automotive sectors are intensifying efforts to adopt greener, more sustainable practices following an initiative by the International Labour Organisation (ILO) and the Employers’ Federation of Pakistan (EFP). A one-day session in Lahore, titled “Just Transition and Climate Change: Driving Business Sustainability and Global Market Readiness for SMEs,” brought together industry representatives and SME owners. The event provided practical guidance on Resource Efficient and Cleaner Production (RECP) and Environmental, Social, and Governance (ESG) integration, aiming to reduce costs and boost competitiveness. Participants explored how aligning with global standards, such as the EU Green Deal, can open new markets and improve operational efficiency. ILO Pakistan Country Director Geir Tonstol emphasized that sustainability is an “investment in long-term competitiveness and resilience,” stressing that a Just Transition prepares industries and workers for the opportunities of a green economy. The interactive session offered tailored tools for small enterprises to integrate sustainability and develop cost-effective compliance strategies. Several SMEs expressed interest in piloting ILO’s Just Transition assessment tools. The EFP, through Ghulam Mustafa Tabassum, reaffirmed its commitment to helping members meet evolving global buyer expectations, ensuring a greener, more resilient, and inclusive future for Pakistan’s key industrial sectors.

Cabinet Approves Gwadar-Oman Ferry Service to Boost Trade and Connectivity
External Sector

Cabinet Approves Gwadar-Oman Ferry Service to Boost Trade and Connectivity

Islamabad: The federal cabinet has approved the launch of a passenger and cargo ferry service between Gwadar and Oman, announced Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Friday. A Memorandum of Understanding will soon be signed, with an Omani delegation visiting Pakistan to finalize details. The initiative stems from a July 2025 meeting between Chaudhry and Oman’s Ambassador Fahad bin Sulaiman bin Khalaf Al Kharusi, focusing on enhanced economic ties.Chaudhry projected Pakistan could earn $10–15 billion annually from related maritime operations. Gwadar’s exports are expected to surpass $850 million yearly, driven by $645 million in value-added fisheries and $200–205 million from dates. Oman gains efficient access to Central Asia. In 2024, Pakistan’s exports to Oman hit $224 million, poised for growth via upgraded ports and cooperation.Pakistan issued its first international ferry license, enabling operations with GCC nations including Oman, UAE, Bahrain, and Iran. This framework encourages private investment. With 250,000–320,000 Pakistanis in Oman (up to 360,000 including workers), the service will ease travel and business links.

Saudi Arabia Opens Doors for Pakistani Female Nurses: Lucrative Roles with Full Benefits Announced
External Sector

Saudi Arabia Opens Doors for Pakistani Female Nurses: Lucrative Roles with Full Benefits Announced

Islamabad The Kingdom of Saudi Arabia has unveiled fresh employment prospects for qualified Pakistani female nurses, targeting its burgeoning healthcare sector through a partnership with a leading Saudi medical group. The Overseas Employment Corporation (OEC) is spearheading recruitment for “special nurse” positions, emphasizing skilled professionals under 40 years old with a four-year BScN degree (16 years of education) or equivalent from accredited institutions.Priority goes to candidates who have cleared the Prometric licensing exam, fast-tracking them to direct interviews. The role entails a seven-day, 12-hour shift schedule—five to six hours of hands-on patient care plus on-call standby—with a base salary of SAR 4,500 monthly. Opting for a six-day week deducts SAR 500.Perks include complimentary shared housing (furnished, AC-equipped with en-suite baths), round-trip economy flights from Pakistan to Jeddah, and workplace transport. Annual leave stands at 21 days, with biennial return tickets for contract renewals. Applicants must register via the OEC portal at https://oec.gov.pk/, uploading a Rs1,000 bank challan alongside their form. Deadline: November 17, 2025. This initiative aligns with Saudi Vision 2030’s healthcare expansion, offering Pakistani nurses stable, high-earning opportunities amid domestic job scarcity. OEC officials urge swift applications to capitalize on the demand, projecting hundreds of hires to boost remittances and female workforce participation.

Pakistan Mandates Digital Registration for Overseas Job Seekers Starting November 19
External Sector

Pakistan Mandates Digital Registration for Overseas Job Seekers Starting November 19

Islamabad In a bid to safeguard migrant workers from exploitation, the Pakistani government has unveiled a compulsory digital registration system for citizens pursuing employment abroad, effective November 19. The policy, spearheaded by the Ministry of Overseas Pakistanis and Human Resource Development, ties all foreign work permits to a centralized online platform, ensuring no approvals are granted without prior enrolment.Under the rule, applicants must submit personal identification, travel itineraries, educational credentials, and prospective job details before departing. This primarily impacts remittances-dependent workers heading to Gulf nations like the UAE, Saudi Arabia, Qatar, and Oman, where thousands seek better prospects annually.Officials emphasise the measure’s role in curbing illegal migration, bogus job schemes, and human trafficking. “By pre-verifying information, we foster transparency and protection, not barriers,” a ministry spokesperson stated. The initiative is projected to affect over a million Pakistanis yearly, many young family providers.While lauded for enhancing traceability, critics worry about digital access hurdles in rural areas. Authorities advise early registration via the portal to sidestep visa delays, underscoring a commitment to ethical labor migration amid economic pressures.Disclaimer: This post is for informational purposes only and based on available reports. The image is used for reference. The incident shown in the image is not real and is Ai generated

Colombo Summit 2025
External Sector

Sri Lanka Eyes Greater Trade and Investment Ties with Pakistan Envoy Invites Pakistani

KARACHI Consul General of Sri Lanka P.K. Sanjeewa Pattiwila, while underscoring the need to look beyond the existing trade basket and explore untapped sectors for collaboration, stated that the private sectors of Sri Lanka and Pakistan can particularly thrive in agri-based industries, seafood, spices, animal feed, value-added seafood, construction, and information technology.Speaking at a meeting during his visit to the Karachi Chamber of Commerce & Industry (KCCI), Sri Lankan Envoy noted that while the balance of trade currently favors Pakistan, there exists tremendous potential for Sri Lankan entrepreneurs to explore and fully leverage the opportunities available under the FTA. “Our trade portfolio is diverse, comprising tea, coconut products, MDF boards, rubber products, and surgical goods from Sri Lanka, while Pakistan exports woven fabrics, cement, pharmaceuticals, rice, cereals, and dry fish to Sri Lanka”, he added.President KCCI Muhammad Rehan Hanif, Senior Vice President Muhammad Raza, Vice President Muhammad Arif Lakhani, Former President Shamim Ahmed Firpo, Chairman Diplomatic Missions & Embassies and Liaison Subcommittee Ahsan Arshad Sheikh, KCCI Executive Members were also present on the occasion.Sri Lankan CG observed that for over seven decades, relations between Sri Lanka and Pakistan have been guided by mutual respect, deep understanding, and excellent cooperation. “While our formal diplomatic relations were established 77 years ago, our historical connection goes beyond that, rooted in shared culture, religion, and traditions”, he noted.“Our bilateral relations today remain constructive, solid, and longstanding across the political, economic, cultural, and security spheres. At every crucial juncture in history, Pakistan and Sri Lanka have stood by each other with unwavering solidarity”, he emphasized, adding that Pakistan continues to be Sri Lanka’s second-largest trading partner in the South Asian region.Referring to tourism, he invited the people of Pakistan to select Sri Lanka as their preferred travel destination, while encouraging Sri Lankan tourists to also visit Pakistan to experience its scenic beauty and cultural richness.Discussing Sri Lanka’s economic outlook, he stated, “The investment climate in Sri Lanka has become increasingly attractive due to a liberalized foreign investment regime, supportive government policies, strategic location, and an educated and adaptable workforce. Sri Lanka is now recognized as one of the most promising investment destinations in South Asia, with a strong and resilient economy projected for growth.”While affirming his commitment to enhancing bilateral trade and investment through joint promotional programs, Sri Lankan CG invited business community to attend the forthcoming Economic and Investment Summit 2025, organized by the Ceylon Chamber of Commerce at Shangri-La Colombo on December 2–3, 2025, to witness how Sri Lanka is advancing its investment agenda.

External Sector

Pakistan to showcase diverse export products, boost digital ties at CIIE

BEIJINGPakistan is set to present a diverse range of export products while advancing its digital cooperation goals at the 8th China International Import Expo (CIIE), running from November 5 to 10.With more than 20 participating companies, Pakistan will showcase traditional specialties including handicrafts, marble, furniture, apparel, carpets and jewelry, demonstrating the breadth of its manufacturing capabilities. Pakistan’s continuous presence at the expo reflects the nation’s trade ambitions. According to Pakistani Consul General in Shanghai, Shehzad Ahmad Khan, “Pakistani companies are increasingly opting for larger, customized stands to maximize their market impact, which reflects growing confidence in the CIIE platform.” While the Trade Development Authority of Pakistan (TDAP) maintains its support for small and medium enterprises through the national pavilion, the rising private sector involvement signals a maturing business approach. Among the notable participants is Winsa, a Pakistani jewelry brand with operations in China, celebrating its seventh year at CIIE. The diplomat highlighted their special showcase: “This year, they are exhibiting a natural kunzite certified by the Guinness World Records – demonstrating the unique treasures Pakistan has to offer.” Beyond traditional trade, Pakistan is actively pursuing a digital transformation partnership with China. The consul general pointed to the successful B2B investment conference held in Beijing in September this year where numerous memorandums of understanding and joint venture intentions were signed between Pakistani and Chinese ICT companies, especially from the Yangtze River Delta region, CEN reported. “These digital transformation initiatives are progressing rapidly, with full implementation expected within one to two years,” he stated, adding that Pakistan firmly believes in China’s leadership in technological innovation. Recent economic data have confirmed the strengthening of China-Pakistan trade relations. During the first quarter of FY2025-2026, Pakistan’s exports to the Yangtze River Delta (YRD) region surged 21.1% year-on-year to reach $297 million, with total trade with the region standing at $2.69 billion. Noting this commercial momentum, the consul general stressed that robust economic ties should be further underpinned by strong people-to-people ties. “Trade and investment cannot flourish without human interaction,” he affirmed, outlining a full calendar of cultural exchanges in Shanghai including fashion shows, music festivals, film events and culinary promotions.

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