Pakistan Archives - Page 11 of 120

Karachi Traffic Police Issue E-Challans for Lane Violations on Sharea Faisal

Web Desk / June 3, 2026

The Karachi Traffic Police continued issuing electronic challans for lane violations on Sharea Faisal for a second consecutive day as authorities gradually implement a new traffic management system. The initiative aims to improve lane discipline and traffic flow on one of Karachi’s busiest roads through electronic monitoring and surveillance technology. Officials say the enforcement campaign is currently being carried out in phases to help motorists adjust to the new regulations. Hundreds of Violations Recorded Deputy Inspector General (DIG) Traffic Karachi Pir Muhammad Shah said the electronic monitoring system detected hundreds of violations during the first day of enforcement. According to the traffic police, 96 challans were issued on the second day for various violations, including speeding, lane misuse, and unauthorized use of the fast-track lane. Authorities also fined rickshaw drivers, commercial vehicle operators, and helmetless motorcyclists found violating traffic regulations. The violations were detected through an existing network of surveillance cameras installed along Sharea Faisal. Leniency Granted During Initial Phase The traffic police have introduced a transition period to help commuters become familiar with the new lane discipline system. DIG Shah said authorities are currently exercising limited leniency and issuing challans only during morning and evening peak traffic hours. He explained that the phased approach is intended to educate road users and encourage voluntary compliance before stricter enforcement begins. Officials hope the gradual implementation will reduce confusion among motorists and improve adherence to traffic rules. Fast-Track Lane Restricted for Certain Vehicles Traffic authorities have strictly prohibited motorcycles, rickshaws, and commercial vehicles from using the fast-track lane. DIG Shah urged drivers and riders to follow designated lane allocations to ensure smoother traffic movement on Sharea Faisal. He said motorcyclists and commercial vehicles should use the third and fourth lanes instead of entering restricted areas. The traffic police believe proper lane discipline will reduce congestion and improve road safety. Second Right Lane Under Observation Authorities revealed that motorcyclists entering the second lane from the right are not currently being fined. However, the exemption is temporary. DIG Shah warned that stricter enforcement will begin in the coming days once the awareness phase concludes. Motorcyclists and other road users violating lane rules will then face penalties without warning. The traffic police aim to complete the transition period before fully implementing the new regulations. Fines Fixed According to Vehicle Category The Karachi Traffic Police have established specific penalties for different vehicle categories. Under the new policy: Motorcycles and rickshaws face fines of Rs2,500.Buses and larger commercial vehicles face fines of Rs7,500. Officials say the penalties are designed to discourage repeated violations and improve compliance with traffic laws. The fines are automatically generated through the e-challan system based on footage captured by surveillance cameras. New Traffic Management Plan Takes Effect The e-challan system for lane violations officially came into effect on June 1. The initiative forms part of a broader traffic management strategy introduced by the Karachi Traffic Police to improve road discipline and reduce congestion on major roads. Earlier, DIG Traffic Pir Muhammad Shah announced plans to use the city’s existing surveillance infrastructure to enforce structured lane discipline on Sharea Faisal. Authorities consider the corridor one of Karachi’s most important traffic routes, carrying thousands of vehicles daily. Traffic Police Aim for Compliance, Not Revenue Despite the increased enforcement, traffic authorities insist that their primary objective is improving road behavior rather than collecting fines. “Our aim is to keep fines to a minimum while maximising compliance with traffic regulations,” DIG Shah said. Officials believe that better lane discipline will lead to smoother traffic flow, fewer accidents, and a safer commuting experience for Karachi residents. As the transition period continues, motorists are being urged to familiarize themselves with the new lane rules to avoid penalties when stricter enforcement begins.

Pakistan

Police Trace Bank Accounts Allegedly Used in Anmol Pinky Drug Network

Web Desk / June 3, 2026

Investigators have submitted details of bank accounts allegedly connected to the financial network of Anmol alias Pinky in an ongoing narcotics case. According to a police report presented before the court, proceeds from the alleged sale of narcotics were transferred through several bank accounts operated by the accused’s alleged facilitators. The report forms part of the broader investigation into suspected drug trafficking activities and related financial transactions. Multiple Bank Accounts Under Investigation Police told the court that two suspects, identified as Zeeshan and Sohail, allegedly managed several bank accounts used for financial transactions linked to the narcotics trade. According to investigators, Zeeshan operates five bank accounts across three different banks, while Sohail maintains two accounts in two separate banking institutions. Authorities claim these accounts were used to receive and transfer funds generated through the alleged sale of narcotics in Karachi. Investigators are now examining transaction records and account activity as part of the ongoing probe. Millions of Rupees Allegedly Generated Through Drug Sales The police report alleges that Anmol, also known as Pinky, was involved in the sale of narcotics worth millions of rupees across various parts of Karachi. According to investigators, all financial dealings related to the alleged narcotics business were conducted through the bank accounts under scrutiny. Police claim the accounts contain records of incoming transactions, including details about the individuals who transferred funds and the sources from which the money originated. Authorities believe the financial records could help identify additional individuals linked to the alleged network. Investigators Probe Financial Trail Law enforcement officials are focusing on the financial aspect of the case to determine the scale of the alleged operation. Investigators say tracing the movement of funds could provide key evidence regarding the suspected narcotics network and its operations. The report submitted to the court indicates that authorities are reviewing transaction histories and banking records to establish links between the accused and the alleged proceeds from drug sales. Officials have not yet disclosed the total amount of money that passed through the accounts. Anmol Pinky Arrested Earlier This Month Anmol alias Pinky was arrested earlier this month during a joint operation conducted by police and a civilian intelligence agency. Authorities carried out the raid at her apartment in Karachi’s Garden area. The arrest was made in connection with two separate cases involving the alleged possession of narcotics and an unlicensed weapon. Following the arrest, investigators expanded the inquiry to examine financial transactions and possible facilitators linked to the case. Investigation Continues Police say the investigation remains ongoing and additional evidence is being collected. Authorities are continuing to analyze banking records and financial data submitted before the court. Further developments are expected as investigators seek to determine the extent of the alleged narcotics operation and identify any additional suspects connected to the case. The court is expected to review the evidence presented by investigators as legal proceedings move forward.

Pakistan

OGDC Strikes Its First Hydrocarbon Discovery at Bobi Deep-1 in Sanghar

Web Desk / June 3, 2026

Oil and Gas Development Company Limited (OGDC) has announced a significant hydrocarbon discovery at the Bobi Deep-1 well in the Sanghar district of Sindh, marking an important milestone for the company. Read More: https://theboardroompk.com/pakistans-pine-nut-chilgoza-exports-to-china-nearly-double-in-two-years/ Discovery Details Bobi Deep-1 represents OGDC’s first hydrocarbon discovery from a major sandstone reservoir in the area. The well was drilled to explore deeper prospects and successfully encountered hydrocarbons. During testing, the well flowed at a rate of 2,000 barrels per day (BPD) of oil and 1.1 million cubic feet per day (MMCFD) of gas through a 32/64-inch choke. This discovery is expected to open new exploration avenues in the surrounding blocks. Industry experts believe the find could significantly expand the resource potential in the region and encourage further drilling activities by other operators. Earnings Impact The discovery carries strong financial implications for OGDC. Assuming 100% working interest, the company has estimated substantial earnings upside. At crude oil price of $90 per barrel and gas price of $5 per MMBTU with PKR/USD at 280, the net revenue impact stands at Rs14.7 billion for oil and Rs618 million for gas. After accounting for costs, net income is projected at Rs5.89 billion from oil and Rs247 million from gas. This translates into an EPS impact of Rs1.37 from oil and Rs0.06 from gas, delivering a combined EPS boost of Rs1.43. The positive earnings contribution is likely to support OGDC’s share price performance in the near term. Analysts at Optimus Capital Management view this as a value-accretive development for the national oil and gas giant. The discovery not only strengthens OGDC’s reserve base but also highlights the untapped potential of deeper sandstone formations in mature basins. With Pakistan facing energy challenges, such indigenous discoveries are critical for reducing import dependence and enhancing energy security. Further appraisal and development activities are expected in the coming months as OGDC moves towards commercial production from the Bobi Deep-1 discovery.

Pakistan

Arif Balgamwala Becomes First Pakistani Ever to Earn Court of Honor at Boston World Stamp Expo

Web Desk / June 2, 2026

KARACHI: In a landmark achievement for Pakistan, renowned philatelist Arif Balgamwala T.I. has become the first Pakistani ever to be inducted into the Court of Honor at the Boston 2026 World Stamp Expo, the most prestigious international philatelic exhibition. The distinction marks the first time in 79 years that a Pakistani has been accorded this rare and coveted honour at the world’s foremost gathering of stamp collectors and philatelic excellence. This year’s Expo drew participation from 65 countries, underscoring the global scale of the event and the rarity of Balgamwala’s accomplishment. His induction places Pakistan alongside the world’s finest collectors in a forum reserved only for the most exceptional exhibits. This historic honour — comparable in the world of philately to winning an Olympic gold medal — was earned after more than 20 years of relentless dedication and hard work by Balgamwala, whose extraordinary collection on British Indian Airmails 1911–1936 (Frames 66–73) now stands proudly in the Court of Honor, alongside invited exhibits from the world’s finest collectors. The Court of Honor is not open to just anyone. Entry requires meeting the most demanding criteria in competitive philately: three Gold Medals at World Stamp Exhibitions in three different years, and three Large Gold Medals at World Stamp Exhibitions in three different years. Only then may the host country extend an invitation — and even that is not guaranteed. Arif Balgamwala’s journey to this moment spans two decades. His last Large Gold Medal on the world stage was earned at Washington 2006, making this Boston 2026 recognition the culmination of a 20-year pursuit of excellence. He also appears on the prestigious Roll of Distinguished Philatelists — one of philately’s highest individual honors. “After 20 years of hard work and trying, I finally got it. This is a first for Pakistan,” an emotional Balgamwala said, standing in front of his exhibit with both thumbs raised. Beyond competitive philately, Balgamwala has made significant contributions to strengthening Pakistan–USA bilateral relations through culture and numismatics, having designed both US coins and stamps in Pakistan — a rare distinction that underscores his role as a cultural ambassador between the two nations. Pakistan’s philatelic community and the broader public are being urged to recognize the magnitude of this achievement. In competitive philately, the Court of Honor is the equivalent of the highest Olympic podium — and no Pakistani had ever stood there before. Arif Balgamwala’s induction is not merely a personal triumph but a moment of national pride, demonstrating that Pakistani excellence can compete and win at the very highest levels on the world stage.

Pakistan

National Bank of Pakistan Signs MoU with Charter for Compassion Pakistan to Strengthen Employee Mental Health & Well-being Support

Web Desk / June 2, 2026

Karachi, 2nd Jun 2026: The National Bank of Pakistan (NBP) has signed a Memorandum of Understanding (MoU) with Charter for Compassion Pakistan, under its employee wellness initiative, NBP Wellness First 2.0. The collaboration aims to strengthen mental health awareness and improve access to professional well-being support for NBP employees and their dependents through structured engagement and consultation services. Under this partnership, employees will benefit from a series of nationwide virtual awareness sessions focused on stress management, emotional resilience, mental well-being, anxiety management, healthy boundaries, and sustainable self-care practices. In addition, employees and their dependents will also have access to confidential tele-consultation and physical consultation support through qualified mental health professionals associated with Charter for Compassion Pakistan. The MoU signing ceremony was attended by representatives from both organizations, reaffirming a shared commitment towards promoting emotional well-being, healthier workplace practices, and a more supportive work environment. Through NBP Wellness First 2.0, NBP aims to encourage awareness, balance, and accessibility to support systems that contribute towards a healthier and more resilient workforce.

Pakistan

Pakistan Tax Refunds to Be Cleared by June 15 as PM Shehbaz Sharif Unveils Agenda

Web Desk / June 2, 2026

Pakistan Tax Refunds have emerged as a central issue in the government’s latest efforts to strengthen business confidence and accelerate economic growth. Prime Minister Shehbaz Sharif has assured Pakistan’s business leaders that all outstanding tax refund claims will be settled by June 15, signaling a major move aimed at easing liquidity pressures on exporters and industrialists. The announcement came during a high-level meeting between the prime minister and representatives of chambers of commerce and industry from across the country. The discussions focused on proposals for the upcoming federal budget, export promotion, industrial development, and measures to improve the overall business climate. Pakistan Tax Refunds Become a Key Test of Government Credibility For years, delayed tax refunds have been a major complaint of Pakistan’s business sector. Exporters and manufacturers have repeatedly argued that blocked refunds reduce cash flow, increase operational costs, and discourage investment. Recognizing these concerns, Prime Minister Shehbaz Sharif directed the Federal Board of Revenue to clear all pending refund cases by June 15. The directive is being viewed as a crucial step toward rebuilding trust between the government and the private sector. Business leaders believe timely refunds could inject billions of rupees back into the economy and help industries expand production capacity at a time when Pakistan is seeking stronger economic growth. Government Signals New Phase of Economic Expansion The prime minister stated that the government has successfully stabilized the economy and is now shifting its attention toward growth-oriented policies. According to officials, the upcoming federal budget is expected to include additional incentives designed to support industries, attract investment, and boost exports. Sharif emphasized that industrialization remains essential for Pakistan’s long-term economic prosperity. He stressed that increasing production and strengthening manufacturing capabilities are critical for creating jobs and improving export performance. Export Growth Remains the Government’s Top Priority Exports continue to be a cornerstone of Pakistan’s economic strategy. During the meeting, the prime minister highlighted the need for stronger cooperation between the public and private sectors to expand the country’s export base. He also welcomed commercial banks’ decision to continue financing under the Export Finance Scheme at a rate of 4.5 percent until June 2027 despite recent changes in monetary policy. The move is expected to provide exporters with affordable financing and help maintain Pakistan’s competitiveness in international markets. Karachi Strengthened as Pakistan’s Business Capital In another significant decision, the prime minister ordered the relocation of the headquarters of Pakistan Revenue Automation Limited to Karachi. The decision acknowledges Karachi’s status as Pakistan’s commercial and financial hub. Business leaders have long argued that major economic institutions should be closer to the country’s largest business community to improve coordination and operational efficiency. SMEs and Electric Vehicle Manufacturing Gain Government Attention The government also reaffirmed its commitment to supporting small and medium-sized enterprises, commonly known as SMEs. Sharif said SME reforms and incentives will remain a priority because the sector plays a critical role in employment generation and economic diversification. At the same time, he encouraged local investors to pursue partnerships and joint ventures focused on electric vehicle manufacturing. The push reflects Pakistan’s growing interest in developing a domestic EV industry while reducing reliance on imported fuel and technology. Business Community Backs Reform Agenda Representatives from chambers of commerce expressed confidence in the government’s economic direction and pledged continued cooperation in promoting investment and job creation. Business leaders also praised several recent initiatives, including reforms in the Export Development Fund Board, the privatization of Pakistan International Airlines, the digital transformation of the FBR, and the rollout of electronic invoicing systems. They further committed to supporting efforts aimed at documenting the economy through digitization and regulatory improvements. A Defining Moment for Pakistan’s Economic Future The commitment to clear Pakistan Tax Refunds by June 15 may become one of the most closely watched economic promises of the year. Combined with export incentives, SME reforms, industrial support measures, and digital transformation initiatives, the government’s latest announcements indicate a determined effort to shift from economic stabilization toward sustainable growth. As businesses await the federal budget, the success of these commitments could play a decisive role in shaping investor confidence, boosting industrial activity, and accelerating Pakistan’s economic recovery in the months ahead.

Pakistan

SECP Company Registrations Hit Record High as 415 Companies Incorporated in a Single Day

Web Desk / June 2, 2026

Pakistan’s corporate sector has delivered a remarkable surprise. SECP Company Registrations reached an unprecedented milestone in May 2026, with the Securities and Exchange Commission of Pakistan (SECP) registering 3,161 new companies despite fewer working days due to Eid-ul-Adha holidays. The most eye-catching achievement was the incorporation of 415 companies in a single day, the highest number ever recorded in the history of the regulator. The record-breaking figure highlights a growing shift toward formal business structures and signals increasing confidence among entrepreneurs, investors, and business owners across the country. SECP Company Registrations Reach Historic Peak The latest figures reveal that Pakistan’s corporate landscape continues to expand at an impressive pace. The registration of 3,161 companies during May pushed the total number of registered companies in the country to 297,239. What makes this achievement particularly noteworthy is that it occurred during a month with reduced business activity because of public holidays. Yet entrepreneurs continued to establish new ventures, demonstrating resilience and confidence in Pakistan’s economic prospects. The digital transformation of the registration process also played a key role. Nearly all company registrations were completed online, reflecting the effectiveness of SECP’s modernization efforts and its push to simplify business formation procedures. Why the Record 415 New Companies in One Day Matters The incorporation of 415 companies in a single day is more than just a statistical milestone. It represents a significant shift in how businesses are choosing to operate. Experts view this development as evidence that more entrepreneurs are moving away from informal business structures and entering the documented economy. This trend improves transparency, enhances access to financing, and strengthens investor confidence. The record also reflects improvements in Pakistan’s ease of doing business environment, where digital services and streamlined regulatory procedures are encouraging business owners to formalize their operations. Punjab Leads the SECP Company Registrations Surge Punjab remained the country’s leading business destination, accounting for more than half of all new company registrations. Out of the 3,161 newly registered companies, Punjab contributed 1,643 registrations, representing 52 percent of the total. Islamabad followed with 596 registrations, while Sindh accounted for 479 new companies. Khyber Pakhtunkhwa added 260 companies, Gilgit-Baltistan contributed 112, and Balochistan registered 71 new businesses. These figures demonstrate that corporate growth is spreading across Pakistan, although major urban and commercial centers continue to dominate business formation activity. Small Entrepreneurs Drive Corporate Expansion One of the most significant trends emerging from the latest data is the rapid growth of individual entrepreneurship. Private limited companies remained the preferred business structure, accounting for 1,884 registrations or 60 percent of the total. However, single-member companies represented a substantial 38 percent share with 1,212 registrations. This strong performance indicates that individual entrepreneurs and small business owners are increasingly choosing formal corporate structures to expand operations, improve credibility, and gain access to new business opportunities. The remaining registrations consisted of limited liability partnerships and other corporate categories. Technology and E-Commerce Fuel Business Growth The information technology and e-commerce sector once again emerged as the strongest driver of corporate expansion. A total of 598 new companies were registered in the technology and e-commerce segment, making it the leading sector for new incorporations. This trend reflects Pakistan’s growing digital economy and increasing demand for technology-based solutions. Trading businesses followed with 503 registrations, while the services sector recorded 404 new companies. Real estate development and construction also maintained strong momentum with 303 registrations. Meanwhile, tourism and transport contributed 206 new companies, highlighting growth across multiple industries rather than dependence on a single sector. Foreign Investors Show Growing Confidence in Pakistan Another encouraging sign for the economy is the continued participation of foreign investors in Pakistan’s corporate sector. During May 2026, investors from 17 countries became shareholders in 80 local companies. China emerged as the most active foreign participant, accounting for 89 shareholders. Other countries represented included Afghanistan, the United States, Belgium, Russia, and South Korea. Foreign investors injected a total paid-up capital of PKR 139.4 million into Pakistani companies. Chinese investors accounted for the overwhelming majority of this investment, contributing PKR 132.3 million. The continued inflow of foreign capital suggests that international investors remain interested in Pakistan’s long-term business potential despite ongoing economic challenges. What the Latest SECP Company Registrations Mean for Pakistan The latest SECP Company Registrations figures present a positive picture of Pakistan’s evolving business environment. Record incorporations, growing entrepreneurial activity, strong technology sector performance, and sustained foreign investment all point toward increasing formalization of the economy. If this momentum continues, Pakistan’s corporate sector could play a crucial role in driving investment, job creation, and economic growth in the years ahead. The historic record of 415 companies incorporated in a single day may ultimately be remembered as a symbol of a broader transformation taking place within the country’s business landscape.

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Pakistan Budget 2026-27 Delay Expected as Key Economic Meeting Gets Postponed

Web Desk / June 2, 2026

The Pakistan Budget 2026-27 is facing uncertainty after reports emerged that the crucial meeting of the National Economic Council (NEC) has been postponed. The development has triggered widespread speculation that the federal government may miss its previously expected budget presentation date of June 5. The postponement comes at a critical time when businesses, investors, taxpayers, and financial markets are closely watching the government’s fiscal plans for the upcoming year. With Pakistan continuing to navigate economic challenges, any delay in the budget process is likely to attract significant public attention. Pakistan Budget 2026-27 May Not Be Presented on June 5 According to reports, the NEC meeting, which was scheduled to be chaired by Prime Minister Shehbaz Sharif, will no longer take place as planned. The council plays a central role in reviewing and approving key economic targets, development spending priorities, and growth projections before the federal budget is formally presented. As a result, government officials are now reportedly considering alternative dates for the budget announcement. Sources indicate that the Pakistan Budget 2026-27 could now be presented on either June 8 or June 12, depending on the completion of consultations, approvals, and final policy discussions. Why the NEC Meeting Matters for Pakistan Budget 2026-27 The National Economic Council serves as one of Pakistan’s highest economic planning forums. Before the federal budget is unveiled, the council reviews important economic indicators and approves development priorities that shape government spending decisions. Without NEC approval, the budget preparation process remains incomplete. This is why the postponement has immediately raised questions about the government’s ability to maintain its original budget timeline. Economic analysts believe the delay may be linked to ongoing discussions regarding revenue targets, development expenditures, fiscal deficit management, and broader economic reforms. Growing Curiosity Among Businesses and Investors The uncertainty surrounding the Pakistan Budget 2026-27 has intensified interest across multiple sectors of the economy. Businesses are waiting to see whether the government will introduce new tax measures, incentives for industry, import policies, or relief packages aimed at stimulating economic activity. Investors are also monitoring developments closely for signals regarding fiscal discipline and economic growth strategies. Many market participants believe the budget will reveal how the government plans to balance economic growth with commitments to financial stability and international lenders. Budget Delay Sparks Political and Economic Speculation The postponement has also fueled political and economic speculation. While officials have not publicly linked the delay to any specific issue, observers suggest that additional consultations may be taking place to finalize major policy decisions. Budget announcements often serve as a roadmap for a country’s economic direction. Any delay naturally raises questions about ongoing negotiations, fiscal priorities, and government planning. At a time when inflation, economic recovery, and investment attraction remain key concerns, every development surrounding the Pakistan Budget 2026-27 is being closely scrutinized. What Happens Next? For now, all eyes remain on the federal government and the rescheduling of the National Economic Council meeting. Once the council completes its review process, the government is expected to finalize the budget document and announce a revised presentation date. Whether the budget is unveiled on June 8 or June 12, stakeholders across Pakistan will be looking for measures that support economic growth, improve investor confidence, and address the country’s fiscal challenges. The coming days are expected to be decisive as policymakers work to finalize what could become one of the most closely watched budgets in recent years.

Toyota, NED University and Sindh Traffic Police Join Forces to Advance Road Safety and Urban Mobility in Karachi

Web Desk / June 2, 2026

Karachi, June 2, 2026: Indus Motor Company and NED University have signed an agreement to establish an Urban Mobility Implementation Unit (UMIU) at the university with a focus on identifying and treating high-risk accident locations, improving traffic flow and corridor performance, enhancing safety for vulnerable road users, strengthening stakeholder coordination, and developing an Artificial Intelligence-based Accident & Incident Management System (AIMS). The project is supported by Toyota’s flagship road safety initiative (TRIP) and the unit is to be established as a dedicated platform to translate research into practical, city-wide solutions through the university’s Centre of Environment and Social Sustainability (CESS) and Department of Urban and Infrastructure Engineering. As part of the agreement, IMC will provide funding of 20.7 million rupees to NEDUET over three years to support implementation activities, technical studies, stakeholder engagement, and capacity-building programs. Speaking at the signing ceremony, Ali Asghar Jamali, Chief Executive Officer, IMC, said: ” Road safety remains one of Karachi’s most pressing urban challenges and requires collective action from all stakeholders. Through the Toyota Road Improvement Program, we have worked alongside academia and law enforcement agencies for over a decade to promote safer roads and responsible road-user behavior. “This collaboration with NED University represents the next phase of that journey, enabling us to move beyond research and accelerate the implementation of data-driven solutions that can make a meaningful difference in the lives of Karachiites.” Syed Pir Muhammad Shah, DIG Traffic, Sindh Police, welcomed the initiative and emphasized the importance of collaboration in addressing road safety challenges. He said “Effective road safety management requires evidence-based interventions and strong partnerships among enforcement agencies, academia, and the private sector. This initiative will help strengthen efforts to improve traffic management, enhance road-user safety, and reduce traffic-related injuries across Karachi.” Representing NED University, Prof. Dr. Noman Ahmed, Pro. Vice Chancellor NEDUET, said: “This partnership reflects NED University’s commitment to applying innovation and engineering excellence to improve public safety and support sustainable urban development.” Representing Motorways Police, Javed Akbar Riaz, DIG Zonal Commander NHMP (South), said that “The National Highways & Motorway Police remains committed to supporting efforts that enhance road-user awareness, strengthen safety practices, and contribute to reducing traffic accidents through innovation, research, and effective coordination.”

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Pakistan Business Confidence Index Fell Sharply Reported by OICCI Survey

Web Desk / June 2, 2026

The Pakistan Business Confidence Index has suffered a major setback in the second quarter of 2026, highlighting growing anxiety among businesses over inflation, rising fuel costs, geopolitical instability, and weakening investment activity. According to the latest Wave 29 Business Confidence Survey released by the Overseas Investors Chamber of Commerce and Industry (OICCI), overall business confidence dropped by nine percentage points, falling from 22% to just 13%. The sharp decline reflects increasing concerns among businesses that Pakistan’s economic recovery is losing momentum amid the ongoing conflict in the Middle East and mounting domestic challenges. Pakistan Business Confidence Index Signals Growing Economic Stress The latest survey paints a worrying picture of the country’s business environment. Companies across multiple industries reported that regional instability has disrupted supply chains, increased operating costs, and forced many firms to rethink expansion plans. Perhaps the most alarming finding was the collapse in investment sentiment. The New Investment Index fell by 10 percentage points to only 2%, suggesting that many businesses have effectively paused short-term investment decisions. Between 70% and 80% of surveyed companies reported delaying, reducing, or restructuring investment plans while seeking alternative supply routes to protect themselves from disruptions linked to the Middle East conflict. Services Sector Faces the Biggest Blow The Services sector emerged as the biggest casualty of deteriorating business confidence. Its confidence score plunged by 20 percentage points, dropping from 34% to 14%. The Manufacturing sector also experienced a decline of seven points, reflecting concerns about rising input costs and weaker market demand. The Retail and Wholesale sector was the only bright spot in the survey, posting a modest improvement of three percentage points to reach a positive 20%. This limited improvement suggests that consumer spending remains somewhat resilient despite broader economic pressures. Foreign Investors Remain Surprisingly Resilient Despite widespread concerns, foreign investors demonstrated notable resilience. OICCI member companies, which represent some of Pakistan’s largest multinational investors and account for a significant share of foreign direct investment, improved their confidence level slightly from 27% to 28%. This suggests that while short-term challenges remain severe, major international investors continue to see long-term potential in Pakistan’s economy. The survey also revealed growing interest among these companies in generative artificial intelligence and digital transformation initiatives, indicating that many businesses are continuing to invest in future competitiveness despite current uncertainties. Inflation and Taxes Top Business Concerns The survey identified inflation as the most serious threat facing businesses in Pakistan. A staggering 84% of respondents cited inflation as the biggest obstacle to growth. High taxation followed closely, with 79% expressing concerns about the country’s tax burden. Meanwhile, 61% of businesses highlighted currency stability issues and inconsistent government policies as major risks affecting business planning and investment decisions. These findings underline the challenges policymakers face in restoring confidence and encouraging private-sector growth. Business Outlook Turns Increasingly Pessimistic Business leaders are becoming increasingly cautious about the future. Around 34% of survey participants expect business conditions to worsen over the next six months, compared with 22% in the previous survey. The perception of the global business environment also deteriorated sharply, with the relevant indicator falling by 31 percentage points. Most respondents believe the economic consequences of the Middle East conflict will continue for at least another six months. According to OICCI Secretary General M. Abdul Aleem, businesses are operating in an increasingly complex environment where geopolitical risks, supply chain disruptions, and investment uncertainty are creating significant challenges. Regional Divide Emerges in Business Confidence The survey also highlighted a growing regional contrast. Business confidence in Pakistan’s major metropolitan centers declined significantly, falling from 23% to 11%. In contrast, non-metropolitan cities such as Peshawar, Quetta, Rawalpindi, Multan, Sialkot, and Sukkur recorded an improvement from 19% to 22%. This trend suggests that economic activity outside major urban centers may be showing greater resilience despite nationwide challenges. What the Pakistan Business Confidence Index Means for the Economy The latest Pakistan Business Confidence Index serves as a warning sign for policymakers and investors alike. With investment activity slowing, inflation remaining stubbornly high, and geopolitical tensions creating uncertainty, businesses are demanding policy stability, cost relief, and stronger economic management. Since the OICCI survey represents businesses contributing nearly 80% of Pakistan’s GDP, its findings offer one of the clearest snapshots of corporate sentiment in the country. Unless inflationary pressures ease and investor confidence returns, Pakistan may face a more challenging economic landscape in the second half of 2026.

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