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Cattle Influx Surpasses 5,500 at Northern Bypass 'Awam Dost' Mandi
Pakistan

Cattle Influx Surpasses 5,500 at Northern Bypass ‘Awam Dost’ Mandi

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KARACHI (PR 20 APRIL 2026) The influx of sacrificial animals at the 1,100-acre ‘Awam Dost’ Cattle Market on Northern Bypass has crossed the 5,500 mark as the market entered its 16th day of operations. Majestic and high-breed cattle from Sindh, Punjab, and Balochistan have become the center of attraction at what is being positioned as Asia’s largest livestock marketplace. Read More: https://theboardroompk.com/same-platform-different-price-what-explains-the-rs1-million-gap-for-suv-buyers-in-pakistan/ Comprehensive Facilities for Traders According to Administrator Tariq Tanoli, the market—which became functional on April 5—is fully equipped to facilitate both traders and buyers. Under the supervision of Water Contractor Sarfaraz, the administration is providing free water daily, allocating 8 liters for small animals and 30 liters for larger ones. In a move to reduce the financial burden on traders, the administration has also allowed them to bring their own fodder. To ensure a seamless experience, the market features temporary mosques, restrooms, and on-site banking facilities to handle high-volume cash transactions safely. Innovative Services and Attractions Beyond traditional livestock trading, the market features unique attractions. Faisal, a trader from Nawabshah, has gained attention by setting up a dedicated “Service Station” for cattle. “Our animals thrive and stay active in this heat after a refreshing wash,” Faisal remarked, highlighting the measures taken to combat the rising temperatures. Food Street and Public Amenities A sprawling Food Street is being finalized in front of the Administration and VVIP blocks. Renowned food chains, including Butt Karahi, Bilal Broast, and Chaudhary Mohsin Foods, are setting up stalls to provide quality dining options for visitors. Digital Parking and Logistics Parking Contractor Adnan announced that the market is embracing digitalization to avoid congestion. Citizens can now acquire online parking passes valid until the last day of Eid-ul-Adha. The seasonal pass for cars is priced at Rs. 4,000, while motorcycle passes are available for Rs. 1,500. For those opting for daily parking, the rates are as follows:Motorcycles: Rs. 50Cars: Rs. 100Rickshaws: Rs. 200Suzuki Pickups/Loaders: Rs. 500Shahzore Trucks: Rs. 600Mazda Trucks: Rs. 800 Visitors also have the option to park in a dedicated 200-acre zone and explore the vast market on foot to witness the variety of livestock, including heavy bulls and exquisitely decorated camels from Tharparkar.

Pakistan Stock Exchange Falls as Global Tensions Trigger Market Shock
Pakistan

Pakistan Stock Exchange Falls as Global Tensions Trigger Market Shock

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The Pakistan Stock Exchange witnessed a turbulent Monday session as investors reacted sharply to rising geopolitical tensions and volatile oil prices. The benchmark KSE-100 Index closed in the red, although late-session buying helped reduce earlier heavy losses. Read More: https://theboardroompk.com/illegal-construction-karachi-crisis-deepens-as-sbca-fails-to-stop-portion-mafia/ The index settled at 172,196.70, declining by 1,742.31 points or 1 percent. Despite the negative close, the session was marked by extreme volatility, with investors scrambling to adjust positions amid uncertainty. Pakistan Stock Exchange Sees Wild Intraday Swings The Pakistan Stock Exchange experienced dramatic swings throughout the day. The KSE-100 Index traded within a wide range of more than 5,297 points. It touched an intraday high of 174,523.76 before plunging to a low of 169,226.56, reflecting panic selling followed by cautious bargain hunting. Trading activity remained strong, with nearly 598 million shares changing hands in the benchmark index. However, market breadth remained decisively negative as 77 companies declined compared to just 22 advancing, signaling persistent selling pressure. Major Stocks Drag Pakistan Stock Exchange Lower Heavyweight stocks played a crucial role in pulling the Pakistan Stock Exchange downward. Fertilizer, cement, and power generation sectors led the decline. Large-cap companies including FFC, HBL, HUBC, LUCK, and ENGROH collectively shaved hundreds of points off the index. On the other hand, selective buying in banking stocks provided partial support. UBL emerged as the biggest positive contributor, followed by BAFL and NBP. These gains prevented a deeper slide in the market. Sector-wise, fertilizer companies exerted the strongest negative pressure, followed by cement and power distribution firms. Some support came from property-related stocks, refinery shares, and engineering companies, where investors hunted for bargains at lower valuations. Geopolitical Tensions Shake Investor Confidence Investor sentiment at the Pakistan Stock Exchange remained cautious due to escalating tensions between the United States and Iran. Reports that the United States seized an Iranian-flagged cargo ship in the Strait of Hormuz triggered fears of supply disruptions. The situation worsened after Iran signaled no immediate plans for further negotiations. Earlier diplomatic expectations linked to comments by Donald Trump about sending a delegation to Islamabad had offered some hope. However, the latest developments dampened optimism. Oil markets reacted sharply, with prices rebounding amid fears of another potential closure of the Strait of Hormuz. Rising oil prices typically increase Pakistan’s import bill, weakening macroeconomic outlook and pressuring equities. This uncertainty weighed heavily on investor confidence throughout the session. Late Buying Helps Pakistan Stock Exchange Recover Despite the panic selling earlier in the day, the Pakistan Stock Exchange saw some late-session recovery. Investors stepped in to purchase fundamentally strong stocks at discounted prices, trimming steep losses. The broader market reflected similar sentiment. The All-Share Index closed at 102,788.51, down 0.98 percent. Overall market participation remained high with more than 1.29 billion shares traded, valued at Rs65.27 billion. Out of 488 companies traded, 319 declined while only 138 advanced, showing that selling pressure dominated even as the market recovered partially. High Volume Stocks Highlight Market Activity The most actively traded stocks included Bank of Punjab, Unity Foods, K-Electric, WorldCall Telecom, and Pak Elektron. These stocks accounted for a significant portion of total market turnover, reflecting strong retail participation despite cautious sentiment. Pakistan Stock Exchange Performance Outlook Although Monday’s session ended negatively, the Pakistan Stock Exchange still shows strong performance over the fiscal year. The KSE-100 Index has gained more than 46,000 points, representing growth of over 37 percent. However, the index remains slightly down for the current calendar year, reflecting ongoing volatility. Market experts believe future direction will largely depend on geopolitical developments, oil price trends, and foreign investor participation. Stability in global energy markets could help restore confidence, while further escalation may keep the Pakistan Stock Exchange under pressure.

Illegal Construction Karachi Crisis Deepens as SBCA Fails to Stop Portion Mafia
Pakistan

Illegal Construction Karachi Crisis Deepens as SBCA Fails to Stop Portion Mafia

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Illegal Construction Karachi has once again sparked outrage among residents after previously demolished structures began reappearing across multiple neighborhoods, raising serious questions about enforcement by the Sindh Building Control Authority. Despite claims of tighter regulations following the tragic collapse at Gul Plaza, illegal construction activities continue to flourish, particularly in North Nazimabad and other densely populated areas. Residents say the situation is worsening as unauthorized floors are being added to residential plots, placing immense pressure on already strained infrastructure and posing significant safety risks. Illegal Construction Karachi Driven by Organized Portion Mafia The Illegal Construction Karachi problem is increasingly linked to organized groups commonly referred to as the portion mafia. These developers purchase residential plots intended for single-family homes and construct multi-storey buildings in violation of approved plans. In many cases, plots designed for one or two floors are converted into four or five-storey buildings. Such developments are being reported not only in North Nazimabad but also in areas like Federal B Area, Liaquatabad, PECHS, and Nazimabad. Residents warn that these illegal additions are overwhelming water supply, sewerage systems, parking space, and road capacity. Residents Face Threats for Opposing Illegal Construction Karachi The Illegal Construction Karachi crisis has also created fear among citizens who attempt to resist unlawful development. In one case, local resident reported that a multi-storey structure was illegally built next to his house on a 200 square yard plot. After filing complaints, authorities demolished the under-construction building. However, construction resumed shortly afterward. When objections were raised again, he alleged that he received threats and was pressured not to pursue the matter further. Such incidents highlight the growing influence of illegal builders and the lack of sustained enforcement. Town Authorities Say They Are Powerless Town Municipal Corporation officials acknowledge that Illegal Construction Karachi is damaging infrastructure but claim they lack authority to intervene. Local administrators say plots originally designed for 10 to 12 residents are now housing up to 70 people, placing severe strain on civic services. Officials argue that while the burden falls on municipal bodies, enforcement powers remain limited, creating a governance gap that allows illegal structures to proliferate. SBCA Enforcement Actions Fail to Stop Illegal Construction Karachi According to official data, the SBCA claims it conducted 396 enforcement actions between January and April. These actions included demolitions, sealing of premises, and stoppage of construction across different districts of Karachi. However, residents argue that many demolitions are temporary and builders resume work soon after. The continued rebuilding of demolished structures has intensified criticism that enforcement measures lack consistency and deterrence. Anti Corruption Probe Adds to Illegal Construction Karachi Controversy The controversy surrounding Illegal Construction Karachi has deepened after the Sindh Anti-Corruption Establishment launched multiple inquiries into SBCA officials. These investigations include allegations related to illegal construction approvals and irregular appointments within the department. Officials ranging from mid-level officers to senior directors are reportedly under scrutiny. Authorities have requested records of building approvals and sanctioned plans, while another inquiry is examining recruitment of officials allegedly lacking required qualifications. Infrastructure at Risk as Illegal Construction Karachi Expands Urban planners warn that unchecked Illegal Construction Karachi could lead to severe consequences. Overcrowded buildings increase the risk of structural failures, fire hazards, and emergency access issues. Additionally, excessive population density in residential areas contributes to water shortages, sewer overflow, and traffic congestion. Residents fear that without decisive action, the city may face more tragedies similar to past building collapses. Conclusion: Illegal Construction Karachi Demands Urgent Action Illegal Construction Karachi has evolved into a major urban governance crisis. Weak enforcement, organized illegal developers, threats to complainants, and ongoing corruption probes collectively highlight systemic failures. Experts emphasize that sustained monitoring, transparent approvals, and strict penalties are necessary to curb illegal construction and restore public confidence.

Fazeela Abbasi Gets Bail Extension in Illegal Clinic Case
Editor pick, Pakistan

Fazeela Abbasi Gets Bail Extension in Illegal Clinic Case

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Islamabad court on Monday granted interim pre-arrest bail to dermatologist and social media personality Fazeela Abbasi in a case related to an allegedly illegal clinic. The development comes as legal proceedings continue against her on multiple charges. Read More: https://theboardroompk.com/us-iran-talks-in-doubt-amid-mixed-signals-ahead-of-islamabad-meeting/ The development took place during a hearing at the Special Central Court in Islamabad, where Judge Humayun Dilawar heard arguments from both sides and issued the ruling. Court Provides Temporary Protection During the hearing, the court extended interim protection from arrest and allowed Abbasi to remain on bail until the next hearing. The judge directed her to fully cooperate with investigators and join the inquiry without delay. Abbasi appeared before the court along with her counsel Naeem Bukhari. Her lawyer submitted a pre-arrest bail application and argued that his client required protection while the investigation continued. After reviewing the arguments, the court accepted the request and granted bail against surety bonds worth Rs50,000. The court also warned that the protection remained conditional on cooperation with the investigation process. The judge emphasized that Abbasi must not avoid legal proceedings and must respond to all notices issued by investigators. The case was then adjourned until May 5 for further proceedings. FIA Registers Two Cases Officials confirmed that the Federal Investigation Agency has registered two separate cases against Abbasi. Both cases relate to allegations of operating an unauthorized medical clinic. Investigators claim the clinic functioned without proper legal approval. They are currently collecting documents, statements, and operational records to verify the allegations. Authorities also stated that Abbasi faces a separate money laundering case. She is already on bail in that matter. The ongoing legal cases have placed her under increasing scrutiny from law enforcement agencies. Officials said the investigation is in an active stage. They are examining whether any regulatory or financial violations took place during the operation of the clinic. Earlier Court Developments The case has already moved through multiple judicial levels. The Islamabad High Court had earlier restored Abbasi’s interim bail in the money laundering case after a lower court rejected her request. The lower court had dismissed her bail application due to her absence during a scheduled hearing. It also rejected her request for exemption on medical grounds. The court stated that her absence amounted to misuse of the concession granted under pre-arrest bail provisions. Following that decision, Abbasi approached the Islamabad High Court. The high court granted temporary relief and directed her to pursue legal remedies before the trial court. This allowed her to continue under interim protection. Legal Proceedings Intensify The ongoing case reflects growing legal pressure as multiple investigations continue against Abbasi. Authorities are closely monitoring her compliance with court orders and investigation procedures. Legal experts say pre-arrest bail does not indicate innocence or guilt. Instead, it prevents immediate arrest while investigations continue. They note that cooperation with investigators remains a key condition for maintaining bail. Officials expect Abbasi to submit required documentation and respond to queries related to the alleged clinic operations. Failure to comply could result in cancellation of her bail and possible arrest. Next Hearing Set for May 5 The court has scheduled the next hearing for May 5. During this session, investigators may present additional evidence or progress reports. The court will review the investigation status before deciding whether to extend or modify the bail conditions. Further legal action will depend on the findings submitted by the prosecution. For now, Abbasi remains free on interim bail while legal proceedings continue. The outcome of the case will depend on evidence collected and her cooperation with authorities in the coming weeks.

Pakistan Partners with IFC for Large-Scale Smart Meters Rollout Across Power Sector
Editor pick, Pakistan

Pakistan Partners with IFC for Large-Scale Smart Meters Rollout Across Power Sector

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Pakistan has moved ahead with a major energy sector reform by appointing the International Finance Corporation (IFC) of the World Bank Group as transaction adviser for the nationwide rollout of smart meters across electricity distribution companies. Read More: https://theboardroompk.com/us-iran-talks-in-doubt-amid-mixed-signals-ahead-of-islamabad-meeting/ The initiative aims to modernize the country’s power distribution system and install 10 million smart meters across all Discos under a structured public-private partnership model. IFC to Guide Smart Meter Implementation Framework The Ministry of Energy (Power Division) confirmed on Monday that it has signed a Transaction Advisory Services Agreement with the IFC. Under this agreement, the IFC will act as the transaction adviser for the large-scale deployment of smart meters. Officials said the IFC will conduct a detailed techno-commercial assessment to design a service-provider model or public-private partnership framework. This structure will help attract both local and international investors for installation, operation, and maintenance of smart metering infrastructure. The government expects this model to reduce financial pressure on the public sector while accelerating digital transformation in the electricity network. Major Reform Push in Power Distribution System Authorities said the smart meters rollout forms a central part of Pakistan’s ongoing power sector reforms. The Ministry of Energy has accelerated efforts to replace outdated systems with modern digital infrastructure. Officials said the transformation aims to improve transparency, strengthen operational efficiency, and ensure long-term financial stability in electricity distribution companies. The reform agenda also focuses on reducing electricity theft, improving billing accuracy, and minimizing human intervention in meter reading processes. Advanced Smart Metering System to Improve Efficiency The introduction of Advanced Metering Infrastructure (AMI) will support the nationwide deployment of smart meters. Officials said the system will allow real-time monitoring of electricity consumption. Smart meters will help detect irregular usage patterns and reduce electricity theft through anomaly detection. They will also improve billing accuracy and recovery rates across distribution networks. Energy officials said the system will eliminate manual errors and increase transparency in electricity usage, benefiting both consumers and utility providers. Government Opens Door for Private Investment The government has planned to involve private investors in the smart meters project through a service-provider model. Investors will finance and manage the infrastructure under agreed commercial arrangements. Officials said this approach will help speed up deployment and reduce reliance on public funding. They added that the participation of international investors will bring technical expertise and financial strength to the project. The Power Division believes this model will improve efficiency and ensure faster rollout across the country. Nationwide Installation Plan for Discos All electricity distribution companies have been instructed to install smart meters for every new electricity connection. Authorities have also stopped the issuance of traditional meters for new consumers. In addition, existing three-phase consumers will be gradually shifted to smart metering systems. The government has set deadlines for converting commercial and industrial users into the digital system. Officials said the transition will ensure complete integration of high-consumption users into the smart grid. Cost Reduction Achieved Through Competitive Bidding The Power Division announced that it has reduced the cost of smart meters by 40 percent through international competitive bidding. Officials said this reduction will generate significant savings for the national budget. They added that the cost savings will eventually benefit consumers by improving efficiency and reducing system losses in the power distribution chain. NEPRA Supports Meter Replacement Program The National Electric Power Regulatory Authority (NEPRA) has also supported the rollout by allowing distribution companies to replace faulty meters with smart meters. This regulatory approval is expected to speed up the transition process. Officials said it will help eliminate outdated equipment and improve billing accuracy across the system. NEPRA’s decision aligns with broader efforts to digitize Pakistan’s electricity grid. Focus on Transparency and Consumer Benefits The Power Division said the smart meters initiative will improve transparency in the power sector and strengthen consumer trust. Officials emphasized that real-time monitoring will give users better control over their electricity consumption. They said the project will reduce billing disputes, improve service delivery, and enhance accountability in electricity distribution companies. Long-Term Digital Transformation Goal Authorities said the smart meters rollout represents a long-term shift toward a fully digital power system. The government aims to build a modern energy infrastructure that is efficient, transparent, and financially sustainable. Officials said the project will help reduce losses, improve revenue collection, and support broader economic stability in the energy sector. They added that the success of the initiative will depend on strong investor participation, effective regulation, and smooth implementation across all distribution companies.

Pakistan’s First PKR 3 Billion, AAA Rated, Green Sukuk for Telecom Sector Launched
Pakistan

Pakistan’s First PKR 3 Billion, AAA Rated, Green Sukuk for Telecom Sector Launched

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Karachi: InfraZamin Pakistan Limited, in partnership with Infralectric, a Brillanz Group company, DIB Pakistan Limited, Bank Alfalah Limited, and Meezan Bank Limited, announced the signing of Pakistan’s first-ever PKR 3 Billion, ‘AAA’ Rated, Green Sukuk for the telecom sector, marking a major milestone in sustainable infrastructure financing and climate-aligned capital markets development. Read More: https://theboardroompk.com/pakistans-6-popular-beauty-creams-pulled-off-the-shelves-for-containing-toxic-substances/ Under the transaction, InfraZamin Pakistan is providing a 100% principal guarantee for the PKR 3 billion Green Sukuk issued by Infralectric Private Limited with DIB Pakistan Limited, as the Lead Arranger of the Green Sukuk transaction demonstrating how ethical capital markets can lead the transition toward scalable, climate-aligned infrastructure financing. The proceeds will finance one of Pakistan’s largest commercial deployments of lithium-ion Battery Energy Storage Systems (BESS) and solarization solutions for telecom tower infrastructure across the country. The transaction witnessed oversubscription by investors and initial disbursement is planned after completion of all formalities. Commenting on the occasion, Maheen Rahman, Chief Executive Officer of InfraZamin Pakistan, said, “This landmark transaction demonstrates how innovative credit enhancement can unlock capital markets for transformative green infrastructure. By guaranteeing Pakistan’s first Green Sukuk for the telecom sector, InfraZamin is proud to catalyze sustainable private investment into climate-resilient infrastructure while deepening Pakistan’s debt capital markets. We are delighted to partner with Infralectric and Dubai Islamic Bank on this pioneering transaction.” Bilal Qureshi, Group CEO, Brillianz Group, stated, “This landmark transaction sets a new benchmark for business model innovation, demonstrating how private capital can accelerate energy transition, reduce diesel reliance and forex pressure, and build a more resilient, AI-enabled telecom network for Pakistan.” Muhammad Ali Gulfaraz, Chief Executive Officer of Dubai Islamic Bank Pakistan Limited, highlighted, “This agreement represents a defining moment in the Bank’s commitment to the country’s green transition. By structuring this PKR 3,000 million Green Sukuk, DIB Pakistan is demonstrating how Islamic capital markets can effectively bridge the gap between critical infrastructure needs and climate-conscious investment. The solarization of Pakistan’s telecom backbone will significantly lower dependence on conventional energy while reinforcing the resilience of the digital economy, proving that ethical finance serves as a powerful catalyst for large-scale environmental impact.” Atif Bajwa, President and Chief Executive Officer of Bank Alfalah Limited, stated, “Bank Alfalah is pleased to contribute to this landmark Green Sukuk, representing a significant advancement in green finance and sustainable infrastructure development in Pakistan. This transaction underscores Bank Alfalah’s continued commitment to developing climate-aligned capital markets and facilitating the mobilization of private sector investment into environmentally responsible projects. The initiative is expected to play a meaningful role in promoting cleaner energy solutions within the telecom sector, while strengthening the resilience and sustainability of critical infrastructure across the country. I would like to extend my sincere appreciation to Infralectric, InfraZamin, and all partners involved for their collaboration and efforts in successfully delivering this transaction.”Syed Tanveer Hussain, Chief Operating Officer, Wholesale Banking, Meezan Bank added: “Meezan Bank’s participation in this landmark syndicated Green Sukuk transaction, reflects our continued commitment towards advancing the role of Islamic finance in supporting sustainable and infrastructure-led development in Pakistan. This initiative, focused on green energy solutions for telecom infrastructure, represents a meaningful step towards reducing carbon emissions while enhancing operational efficiency within a critical sector of the economy. The inclusion of Infrazamin’s financial guarantee further strengthens the structure by enhancing investor confidence and facilitating broader market participation. Such transactions will deepen Pakistan’s Islamic capital market while supporting a more sustainable and resilient economy.” Pakistan’s telecom sector, serving nearly 190 million mobile subscribers, is among the country’s most energy-intensive and operationally critical industries, with over 50,000 tower sites nationwide, many operating on weak-grid or off-grid power. This has historically resulted in heavy reliance on diesel generators, elevated operating costs, and significant carbon emissions. Through this transaction, Infralectric will deploy advanced battery storage, solar PV, Artificial-Intelligence enabled optimization, and remote monitoring solutions across approximately 1,955 telecom tower sites, significantly reducing diesel dependence, improving network reliability, lowering operational costs, and cutting emissions.Carbon emission reduction and fuel import bill reduction are among the key expected outcomes of the project. In addition to InfraZamin Pakistan as Guarantor, Infralectric Private Limited as Issuer, and DIB Pakistan Limited, as Lead Arranger, the transaction has been supported by Bank Alfalah Limited as Joint Lead Arranger, Meezan Bank Limited as LC (Import) Bank, BankIslami Pakistan Limited as Investment Agent, DIB PF, DIB GF, Alfalah Asset Management Limited and NBP Fund Management Limited as investors, Ahmed & Qazi as Investor’s Legal Counsel, HP | FKM as Issuer’s Legal Counsel, Al Hilal as Shariah Advisor, Pakistan Environment Trust (PET) as Green Bond Consultant, and Pakistan Credit Rating Agency (PACRA) as Rating Agency. The transaction is expected to support hundreds of direct and indirect jobs through installation, maintenance, local manufacturing, remote monitoring, and technical field operations. By replacing diesel generators with clean distributed energy solutions, the initiative advances environmental sustainability while strengthening the resilience of Pakistan’s telecom infrastructure. The transaction contributes to Pakistan’s progress toward Sustainable Development Goals relating to Affordable and Clean Energy, Industry Innovation and Infrastructure, Climate Action, and Partnerships for the Goals. This milestone reflects InfraZamin Pakistan’s continued commitment to enabling innovative financing solutions that mobilize private capital into sustainable, climate-aligned, and development-focused infrastructure projects across Pakistan.

Pakistan Aims to Break Boom-Bust Cycle with Export-Led Strategy: Kayani
Pakistan

Pakistan Aims to Break Boom-Bust Cycle with Export-Led Strategy: Kayani

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KARACHI: Minister of State for Finance Bilal Azhar Kayani has reiterated the government’s firm commitment to achieving sustainable economic stability and accelerating export-led growth through strong public–private sector collaboration. Read More: https://theboardroompk.com/strait-of-hormuz-reopens-amid-uncertainty-in-us-iran-peace-talks/ Speaking during his visit to the Karachi Chamber of Commerce & Industry on Saturday, the State Minister emphasized that the government is pursuing a policy framework aimed at ensuring inclusive and durable economic growth, with the private sector playing a central and leading role. He assured that exporters, in particular, would continue to receive full policy support to enhance Pakistan’s export performance and global competitiveness. The meeting was attended by Chairman Businessmen Group Zubair Motiwala, Vice Chairmen BMG Jawed Bilwani and Tariq Yousuf, President KCCI Muhammad Rehan Hanif, Senior Vice President Muhammad Raza, Vice President Arif Lakhani, members of the Executive Committee, and prominent exporters. Bilal Azhar Kayani underscored that his continued visits to Karachi reflect the government’s commitment to sustained engagement with the business community. He noted that such interactions are vital for understanding ground realities and ensuring that policy measures remain aligned with the needs of trade and industry. He described Karachi as the backbone of Pakistan’s economy, highlighting its critical contribution to industrial output, trade volumes, and national revenue. He further stated that the purpose of his visit was to identify and address key impediments to economic activity, while facilitating a more enabling and business-friendly environment. Highlighting recent economic progress, the Minister noted that since February 2024, the government has remained focused on macroeconomic stabilization. He pointed out that inflationary pressures have eased and foreign exchange reserves have improved as a result of timely, prudent, and coordinated policy interventions. Providing broader context, he observed that Pakistan’s economy has historically faced cycles of growth accompanied by external imbalances, where increases in GDP were often offset by pressure on foreign exchange reserves. He stressed that the government is now committed to breaking this cycle by promoting sustainable growth anchored in exports and private sector investment. He also outlined key reforms introduced under the Prime Minister’s leadership, including the transfer of management of the Export Development Fund to exporters, aimed at improving transparency, efficiency, and industry ownership. Bilal Azhar Kayani further shared that structured engagement with the business community has been institutionalized through regular meetings with presidents of chambers of commerce. He added that even during challenging periods, including times of regional uncertainty, the government’s economic team has taken balanced and prudent decisions to safeguard economic stability. Reiterating the government’s consultative approach, he assured participants that stakeholder feedback would continue to play a central role in shaping economic policies. Referring to financial sector initiatives, he described Roshan Digital Accounts as a flagship success, which has garnered strong confidence from overseas Pakistanis and facilitated significant inflows of foreign investment. He emphasized that the government remains committed to further strengthening such channels to attract and sustain foreign exchange inflows. He also noted that private sector representation has been enhanced in key institutions such as SMEDA to ensure that policymaking is informed by practical business insights. On the energy front, the Minister stated that petroleum prices are being reviewed on a regular basis, with any adjustments being aligned with global market trends. He noted that petroleum levies are being rationalized, with the levy on diesel currently at zero while petrol carries a levy of Rs. 80, adding that any further decline in international oil prices would be passed on to consumers. He further highlighted that Pakistan has regained access to the international Eurobond market after a hiatus of four years, reflecting renewed investor confidence in the country’s economic direction. Addressing regulatory reforms, he pointed out that amendments introduced in the previous budget to Section 37A of FBR laws have curtailed certain discretionary powers. He added that the authority of FBR officials to arrest traders has also been significantly reduced, providing much-needed relief and improving the ease of doing business. Concluding his remarks, the Minister stated that he would refrain from commenting on the upcoming federal budget at this stage, noting that detailed announcements would be made at the appropriate time. The meeting concluded with an interactive session, during which exporters highlighted key challenges and offered practical suggestions for further improving the business climate and export ecosystem.

21,050 Used Cars Expected to Shift to CKD Market After Baggage Scheme Ban: IMC CEO
Pakistan

21,050 Used Cars Expected to Shift to CKD Market After Baggage Scheme Ban: IMC CEO

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Indus Motor Company has appreciated the sincere efforts of Haroon Akhtar, Special Assistant to the Prime Minister on Industries and Production, Saif Anjum, Federal Secretary of the Ministry of Industries and Production, and Hamad Ali Mansoor, CEO of the Engineering Development Board, for the stability of local auto industry. Read More: https://theboardroompk.com/strait-of-hormuz-reopens-amid-uncertainty-in-us-iran-peace-talks/ “I really appreciate their concerted efforts for the growth of local auto industry, especially abolishing the baggage scheme for used car imports,” said Chief Executive IMC Ali Asghar Jamali. He added that this landmark policy decision marks a significant step towards strengthening Pakistan’s local automotive manufacturing sector as by discouraging the influx of used vehicles the initiative is expected to enhance demand for locally assembled cars, support industrial growth, generate employment and effectively reduce idle production capacity within the country’s automotive industry. It is worth adding here that a 50% shift is expected from Baggage Scheme to CKD market while others may shift to remaining schemes, thus the Used Car market will shift by 21,050 units. In the financial year 2025 total 35,806 units of used cars were imported under Personal Baggage category and since this category has been abolished in January 2026 the imports under this category are not expected to happen now. Similarly, under Gift Scheme total 4634 units were imported and under Transfer of Residence category total 1685 units were imported in the FY 2025, leading to total imported used cars units of 42,125 in the said year. “Used car imports are negligible in India, Thailand, and Vietnam due to various tariff and administrative measures as the market share of used cars in these countries are 0%, 1.2%, and 0.3%, respectively, while the market share of used cars in Pakistan is 20%. The CEO IMC said that the sincere efforts of the government will help Pakistan’s automotive sector to become a driver of sustainable economic growth and position itself as a potential investment destination for original equipment manufacturers.

Pakistan New Company Registrations Surge as Foreign Investors Boost Corporate Growth in Q1 2026
Pakistan

Pakistan New Company Registrations Surge as Foreign Investors Boost Corporate Growth in Q1 2026

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Pakistan New Company Registrations witnessed a strong surge in the first quarter of 2026, signaling renewed confidence in the country’s business landscape. Fresh data released by the Securities and Exchange Commission of Pakistan showed that corporate activity accelerated, with foreign investors increasingly stepping into key sectors and entrepreneurs launching new ventures across the country. The number of newly registered companies reached 10,318 during January to March 2026, reflecting a 12.5 percent year-on-year increase. Corporate filings climbed to 95,823 during the same period, posting a 27 percent rise. Post-incorporation filings also grew by 33 percent, highlighting improved regulatory compliance and stronger documentation practices among businesses. This upward momentum indicates that both domestic entrepreneurs and international investors are viewing Pakistan as a promising destination for business expansion. Foreign Investor Participation Strengthens Pakistan New Company Registrations Foreign investor participation played a crucial role in boosting Pakistan New Company Registrations. During the quarter, 220 newly incorporated companies included foreign shareholders. The paid-up capital of companies with foreign directors reached Rs657 million, reflecting continued international confidence in Pakistan’s economic potential. Investors showed keen interest in sectors with strong growth potential, particularly trading, services, information technology, construction, and mining. Analysts believe this trend reflects global investors targeting scalable and technology-driven opportunities within emerging markets. IT Sector Leads Pakistan New Company Registrations Growth Technology-driven businesses dominated Pakistan New Company Registrations, with the IT and e-commerce sector leading the list. A total of 2,065 companies were registered in this segment, highlighting the country’s growing digital economy. Trading followed with 1,687 new companies, while services accounted for 1,288 registrations. Real estate and construction also remained active, with 934 new companies entering the market. Other sectors showing notable activity included tourism and transport with 581 companies, food and beverages with 497, and education with 363. The strong representation of IT and e-commerce, accounting for nearly one-fifth of all new companies, signals a shift toward innovation-driven entrepreneurship. Businesses are increasingly leveraging digital platforms, fintech solutions, and online marketplaces to scale operations. Entrepreneurs Prefer Limited Liability Structures Pakistan New Company Registrations also revealed a preference for limited liability structures. Private limited companies accounted for 58.6 percent of new incorporations, while single-member companies represented 37.9 percent. This trend indicates that entrepreneurs are prioritizing structured corporate setups that provide legal protection, credibility, and access to financing opportunities. The shift toward formal business structures is also helping expand the documented economy. Regional Trends Highlight Expanding Corporate Footprint Regional analysis of Pakistan New Company Registrations showed Punjab leading corporate activity with over half of all new incorporations. Islamabad Capital Territory followed, reflecting strong startup and services growth, while Sindh accounted for 15.5 percent of registrations. Sindh recorded a notable 23 percent increase in company registrations, signaling improving business sentiment in Karachi and surrounding industrial hubs. Gilgit-Baltistan posted the highest growth rate, nearly doubling registrations compared to the previous year, though from a smaller base. These trends suggest that corporate activity is gradually spreading beyond traditional business centers, contributing to broader economic development. Emerging Investment Trends Shape Corporate Landscape Beyond traditional sectors, communications, healthcare, and trading showed strong growth. Digital transformation, expanding private healthcare services, and increased consumer demand are driving these industries. Conversely, power generation and corporate agriculture witnessed a decline in new registrations, indicating shifting investor priorities toward technology and service-based businesses. Pakistan New Company Registrations Signal Improving Business Confidence The consistent rise in Pakistan New Company Registrations alongside growing foreign participation highlights strengthening business sentiment. Analysts believe that improved regulatory processes, digitization, and expanding entrepreneurial culture are contributing to the surge. If this momentum continues, Pakistan’s corporate sector could witness further expansion in 2026, with technology-led businesses and foreign-backed ventures driving economic activity. The growing formalization of enterprises is also expected to enhance tax revenues, employment opportunities, and overall economic stability.

Made in Pakistan: Spotify Marks 5 Years of Music Discovery and Homegrown Growth
Editor pick, Pakistan

Made in Pakistan: Spotify Marks 5 Years of Music Discovery and Homegrown Growth

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Karachi, April 16, 2026 — In Pakistan, listeners are exploring more music than ever before—moving across genres, generations, and languages in ways that are reshaping how music is discovered and experienced. Five years since its launch in the country, Spotify is marking a milestone defined not just by growth, but by a shift in how deeply audiences are engaging with music. Since 2021, Spotify has become an integral part of how music is experienced in Pakistan. Over this period, listenership on the platform has grown by more than 750%, while listeners have created over 15 million user-generated playlists, highlighting how actively audiences are curating and shaping their own music journeys. This shift is also reflected in listening behavior. Today, the average Spotify listener in Pakistan streams more than 140 different artists per year, pointing to a highly discovery-driven audience where exploring new music is the norm. A Diverse and Evolving Sound From Pakistani hip hop, Pakistani pop, and qawwali to regional sounds, listeners in Pakistan are embracing a wide range of genres, reflecting a music culture that blends tradition with contemporary influences and continues to evolve rapidly. As listening becomes more diverse, more listeners are discovering and engaging with Pakistani artists, with local music continuing to grow on Spotify. Since 2021, total plays of Pakistani artists on the platform have grown more than sevenfold, pointing to a deeper connection between audiences and homegrown talent. The artists defining this moment reflect that growth. From contemporary voices like Talha Anjum, Umair, and Hasan Raheem, to enduring icons such as Atif Aslam and Nusrat Fateh Ali Khan, listeners are moving seamlessly between new and legacy sounds—highlighting the breadth of Pakistan’s musical identity. Similarly, tracks like “Jhol” by Maanu and Annural Khalid, “Pal Pal” by Afusic and AliSoomroMusic, “Wishes” by Hasan Raheem, Umair, and Talwiinder, “Bikhra” by Abdul Hannan and Rovalio, and “Maand” by Bayaan, Hasan Raheem, and Rovalio have emerged as defining songs of the streaming era. Championing Homegrown Music This momentum is being shaped through Spotify’s continued investment in Pakistani music. Playlists like “Pakka Hit Hai” have become a home for the country’s biggest contemporary hits, while “ICON Pakistan” celebrates the legacy of Pakistan’s most influential artists. Pakistan’s music ecosystem is expanding rapidly. Since launch, the number of Pakistani artists on Spotify has grown by nearly 75%, as more creators enter the space and reach audiences both locally and globally. Supporting Artists Across Pakistan Supporting this evolution remains a key focus for Spotify. Through initiatives like “RADAR Pakistan”, “EQUAL Pakistan”, and “Fresh Finds Pakistan”, the platform continues to invest in artists at every stage, helping emerging voices break through while supporting established talent in reaching new audiences. “Music has always been at the heart of culture in Pakistan, but what we’re seeing now is a new level of connection. Listeners are exploring more, discovering faster, and showing up for homegrown artists in a way that feels truly powerful,” said Rutaba Yaqub, Spotify’s Artist & Label Partnerships Manager for Pakistan & UAE. “From emerging voices to iconic legends, there’s a real momentum behind Pakistani music today, and it’s exciting to see how that continues to grow.” Together, these shifts point to a music culture that is becoming increasingly open, dynamic, and discovery-led, where listeners are not only shaping what’s popular, but actively driving the rise of new artists and sounds across Pakistan. Listeners can explore the tracks that defined the past five years on Spotify’s “Made in Pakistan” playlist.https://open.spotify.com/playlist/37i9dQZF1DXbdNlwEdmFJI Most-Streamed Pakistani Artists in Pakistan in the Last 5 Years Most-Streamed Pakistani Tracks in Pakistan in the Last 5 Years

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