Pakistan

The Economic Coordination Committee (ECC) is set to convene an important session tomorrow, with the Circular Debt Management Plan for FY 2025–26 topping a comprehensive 11-point agenda. The high-stakes meeting is expected to produce several major decisions impacting Pakistan’s energy, petroleum, digital governance, and trade sectors. Circular Debt, Iran Power Agreement Among Top Priorities: At the heart of tomorrow’s meeting is the long-awaited Circular Debt Management Plan, a critical policy framework aimed at stabilizing Pakistan’s power sector amid rising financial stress. The ECC will also review a significant summary on the electricity purchase agreement with Iran, an arrangement that is vital for addressing power needs in Pakistan’s border regions. OMC and Dealer Margin Increase Under Consideration: The Petroleum Division is set to present proposals seeking a possible increase in margins for Oil Marketing Companies (OMCs) and petroleum dealers. Any adjustment to margins could have broad implications for fuel pricing and sector sustainability. Rs 1.28 Billion Grant for Pakistan Digital Authority Likely to Be Approved: In a move to strengthen digital governance, the ECC is expected to approve a technical supplementary grant of Rs 1.28 billion for the Pakistan Digital Authority, a step aimed at improving federal-level digital transformation initiatives. Commerce Division Summaries: Court Ruling, Import Ban, and Gift Scheme Revisions: Several key proposals from the Commerce Division are on the agenda, including:• Implementation of the Lahore High Court decision• A proposed ban on the import of chloroform• Amendments to the vehicle import procedure under the Gift Scheme• Additional trade-related summaries for reviewThese discussions could reshape regulations in Pakistan’s import and trade environment. Housing Subsidy, Development Funds & PASCO Dissolution Also on the Table: The committee will also consider:• Approval of a Rs 5 billion technical supplementary grant for housing sector subsidies• Matters related to the release or surrender of development funds under the Cabinet Division• A summary regarding the dissolution of PASCO and the formation of a special-purpose vehicle for the Wheat Stock Management Company These decisions could shape public-sector financing and agricultural supply chain governance. ECC to Review Budgetary Support for PIA Holding Company: Adding to the extensive agenda, the ECC will deliberate on budgetary release matters for the PIA Holding Company, as the government continues efforts to restructure and stabilize national aviation governance. Major Policy Decisions Expected:With a diverse and consequential agenda, from energy sector reforms to trade regulations and digital investments, tomorrow’s ECC meeting is poised to deliver significant economic policy decisions that could influence Pakistan’s fiscal landscape in the months ahead.

Pakistan’s equity market kicked off the week with strong optimism as the KSE-100 Index surged 1,218 points – that’s a solid 0.73% gain – to close at 168,303. Investors cheered a perfect trifecta of positive triggers: the IMF Board meets today to approve a fresh $1.2 billion tranche, the ECC will review the Circular Debt Management Plan tomorrow, and political uncertainty eased after the Ministry of Defence formally announced the new Chief of Defence Forces. “Today’s bullish momentum was driven by several key developments: 1) The IMF Board of Directors is meeting today to consider approval of a $1.2 billion tranche for Pakistan; 2) The ECC is scheduled to review the Circular Debt Management Plan for FY25–26 tomorrow; 3) The Ministry of Defence officially announced the appointment of the Chief of Defence Forces, reducing uncertainty on the political front,” said Ali Najib, Deputy Head of Trading at Arif Habib Ltd. On the corporate side, PTC hit the upper cap post company notice regarding that company is accepting the Pakistan Telecommunication Authority’s conditional approval for acquiring control of Telenor Pakistan and Orion Towers. Among major movers, FFC, SYS, NBP, PTC and DGKC collectively contributed 847 points, while HBL, UBL, KTML, SAZEW and HUMNL jointly shaved off 125 points. Market activity stayed moderate, with 781 million shares traded and total turnover reaching Rs 49.9 billion. PTC led the volumes with 60.8 million shares. Outlook: Going forward, the market is expected to attempt a new all-time high, with the energy sector likely to lead the rally. Anticipation of a potential circular debt disbursement tomorrow continues to fuel positive sentiment and may trigger fresh buying interest across key E&P and power sector stocks.

Indonesian President Prabowo Subianto arrived in Islamabad on Monday for a two-day official visit, marking his first trip to Pakistan since assuming office. He was warmly received by Prime Minister Shehbaz Sharif and President Asif Ali Zardari at Nur Khan airbase.The visit holds special significance as it coincides with the 75th anniversary of diplomatic relations between Pakistan and Indonesia. The last Indonesian presidential visit was by President Joko Widodo in 2018.Accompanied by a high-level delegation including key ministers and senior officials, President Prabowo will hold delegation-level talks with Prime Minister Shehbaz Sharif and call on President Asif Ali Zardari. He will also meet Chief of Army Staff Field Marshal Syed Asim Munir.The two sides will discuss deepening cooperation in trade, investment, defence, health, IT, climate resilience, education, and culture, besides enhancing collaboration at regional and multilateral forums. Several Memoranda of Understanding (MoUs) are expected to be signed.The Foreign Office stated that the visit will impart fresh momentum to the historic fraternal ties and expand mutually beneficial partnership between the two nations.

Amid plethora of news of leaving multinationals from Pakistan owing to discouraging and complex business environment, heavy taxes and other issues, Nestlé Pakistan has upgraded its manufacturing facilities in Sheikhupura and Khanewal to full automation, bringing both plants to global Nestlé standards and integrating them with the company’s worldwide systems. The announcement was made during a high-level meeting with Federal Minister for Finance Muhammad Aurangzeb on Monday.Led by CEO Jason Avancena, the Nestlé Pakistan delegation briefed the minister on the company’s long-term commitment to the country and outlined multi-year expansion plans focused on sustainability, agricultural transformation, automation, and strengthening production in infant and dairy nutrition segments.The company highlighted strong export performance to the United States, Canada, Gulf countries, and the United Kingdom, while discussing challenges in regional trade, especially the Afghanistan transit route. Finance Minister Aurangzeb advised exploring logistics partnerships to unlock Central Asian markets and reaffirmed full government support for export-led growth.Nestlé expressed its intent to announce the major investment package on a global platform. Global leader Remy Ejel, Executive Vice President for Zone Asia, Oceania and Africa, will attend the World Economic Forum in Davos and seeks a meeting with Prime Minister Shehbaz Sharif. The finance minister welcomed the proposal and assured full facilitation

Islamabad: The National Database and Registration Authority (NADRA) has rolled out a new, streamlined process for Pakistani citizens seeking to update their residential address on their Computerized National Identity Card (CNIC). According to a NADRA spokesperson, the updated guidelines are designed to make the address-change procedure faster, easier, and more citizen-friendly. This initiative aims to help individuals maintain accurate and up-to-date residential records, ensuring smoother access to government services, banking, and official documentation. One Valid Document Required to Update CNIC Address: Under the new policy, applicants must provide one authentic proof of residence to request an address change. NADRA has broadened the list of acceptable documents to make the process more convenient. Accepted documents include:• Utility bills (electricity, gas, or water) issued under the name of a parent, spouse, or the applicant’s own property• Domicile certificate• Property ownership documents• Housing society allotment letter• Verified rent agreement By expanding the range of acceptable documents, NADRA aims to eliminate unnecessary delays and encourage citizens to keep their addresses updated. Visit Any NADRA Registration Center Nationwide: NADRA has advised citizens to visit their nearest NADRA Registration Center (NRC) with the required documents. Trained staff at all centers will guide applicants through the complete procedure and assist them in updating their records efficiently. The improved process reflects NADRA’s ongoing commitment to enhance service delivery and provide seamless digital and in-person experiences for millions of Pakistanis. Why This Update Matters: Accurate address information on the CNIC is crucial for:• Banking and financial transactions• Property matters• Government and welfare programs• Voting and constituency records• Employment and travel documentation The simplified process is expected to significantly reduce processing time, benefiting citizens across Pakistan.

Pakistan and Cambodia are charting a new chapter in their bilateral relationship, reaffirming their commitment to strengthen cooperation grounded in mutual respect, shared economic interests, and long-term regional collaboration. The development came during a high-level sideline meeting in Kuala Lumpur, held alongside the 3rd Global Muslim Business Forum (GMBF) in Malaysia. According to the official press release, the meeting brought together Chairman Senate of Pakistan, Syed Yousaf Raza Gilani, and Neak Oknha Datuk Dr. Othsman Hassan, Senior Minister in Charge of Special Mission for the Royal Government of Cambodia. A Renewed Focus on Trade, Investment, and Regional Connectivity: During the discussion, both sides conducted a detailed review of the current state of Pakistan–Cambodia relations. The two officials agreed to expand cooperation across several high-potential areas, including: • Bilateral trade development• Investment promotion and business partnerships• Parliamentary exchanges and institutional linkages• Regional connectivity and trade facilitation The conversation highlighted a shared vision for deeper economic integration and the creation of new opportunities for businesses and investors on both sides. Commitment to High-Level Dialogue and Long-Term Cooperation: Chairman Gilani emphasized Pakistan’s dedication to strengthening partnerships with countries across Southeast Asia. He noted that forums like the Global Muslim Business Forum play a vital role in bringing together leaders, policymakers, and business communities from across the Muslim world to discuss economic growth and cross-border collaboration. Both Pakistan and Cambodia agreed to maintain high-level engagement to build on the positive momentum in their bilateral relations. This commitment is expected to pave the way for more structured cooperation and long-term strategic initiatives. Why This Matters for Pakistan’s Economic Strategy: Pakistan’s outreach to Cambodia supports its broader economic and diplomatic vision aimed at strengthening ties within Southeast Asia, one of the fastest-growing regions in the world. Enhanced collaboration with Cambodia can help Pakistan: • Expand its export markets• Attract new foreign investments• Promote parliamentary and institutional cooperation• Improve regional trade routes and connectivity For Cambodia, stronger ties with Pakistan open access to South Asian markets and provide a platform for broader engagement with Muslim-majority economies. A Step Forward for Regional Economic Diplomacy: The meeting in Kuala Lumpur marks a meaningful step toward building a more dynamic Pakistan–Cambodia partnership. With growing political goodwill and mutual economic interests, both countries are positioned to benefit from a deeper, more structured relationship in the years ahead. As global business dynamics evolve, such strategic partnerships will play an increasingly important role in shaping regional trade, investment ecosystems, and diplomatic engagement across Asia.

LAHORE – Petroleum Minister Ali Pervaiz Malik announced Sunday that Pakistan will start selling surplus liquefied natural gas (LNG) in international markets from January 1, 2026, to curb mounting circular debt and losses exceeding Rs1,000 billion since 2018-19.Speaking at a press conference, Malik said reduced power sector demand had created an LNG glut, forcing diversion to domestic consumers and hurting local producers. “From January 1, we will monetize this excess in global markets, ease financial burden, and enable state-owned gas companies to operate at full capacity and generate profits,” he declared. Read More: https://theboardroompk.com/lng-solarization-pakistans-fuel-oil-exports-smash-record-cross-1-4-million-tons-in-2025/ The move follows Pakistan’s recent cancellation of 21 LNG cargoes from Italy’s Eni and ongoing talks with Qatar to defer or resell additional volumes.Malik also unveiled major foreign investment inflows: Turkish Petroleum is returning after 20 years for onshore and offshore exploration and opening an Islamabad office. Azerbaijan’s SOCAR will arrive next week to finalize exploration partnerships and invest millions in the Machike–Thalian oil pipeline with PSO and FWO; construction begins within six weeks.For the Reko Diq copper-gold project, $3.5 billion in private debt has been secured, matched by Barrick Gold and local firms, totaling $6–7 billion in phase-one investment. The signing ceremony is expected within two months.

Islamabad: In a historic shift, Prime Minister Shehbaz Sharif and Chief of Army Staff Field Marshal Syed Asim Munir on Saturday held high-level talks with a Binance delegation led by Global CEO Richard Teng, signaling Pakistan’s strong commitment to regulated digital assets.The meeting, also attended by Finance Minister Muhammad Aurangzeb and PVARA Chairman Bilal bin Saqib, follows Friday’s consultative session at the Finance Division where central bank officials, commercial bank heads, and Binance executives discussed Pakistan’s National Digital Asset Framework. Read More: https://theboardroompk.com/crypto-pioneer-bilal-bin-saqib-exits-government-role-sparks-social-media-speculation/ The government emphasized building a secure ecosystem with licensed Virtual Asset Service Providers, robust on/off-ramp infrastructure, enhanced AML/CFT compliance, and integration of citizen-held crypto into formal financial monitoring, without granting legal tender status. Officials described digital asset adoption as an “irreversible global trend” that offers economic opportunities through better financial visibility and credit assessment.Despite Bilal bin Saqib’s recent resignation as Special Assistant to the Prime Minister on Blockchain and Cryptocurrency, he continues to lead the autonomous Pakistan Virtual Assets Regulatory Authority. The rare civil-military engagement with the world’s largest crypto exchange marks Pakistan’s decisive pivot from its earlier blanket ban toward a regulated, innovation-friendly digital asset market.

ISLAMABAD: Pakistan has achieved a major clean energy milestone months ahead of schedule, with renewable sources now contributing more than 46% of the country’s total electricity generation as of September 2025, Federal Minister for Energy (Power Division) Awais Ahmad Khan Leghari informed the National Assembly on Friday. Read More: https://theboardroompk.com/k-electric-to-build-26mw-dedicated-grid-station-at-port-qasim/ In a written reply to lawmakers, the minister revealed that the country has already surpassed its own ambitious 2025 target of 40% renewable energy in the national grid. The government remains committed to raising the share to 60% by 2030.While installed on-grid renewable capacity currently stands at 37%, ongoing public and private sector projects are rapidly coming online, pushing the actual generation share significantly higher.The development marks one of the fastest clean-energy transitions among developing nations and positions Pakistan as a regional leader in renewable energy adoption.

Islamabad: Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, held a meeting with the Head of the Italian Trade Agency (ITA), Mr. Salvatore Praano, to discuss bilateral cooperation aimed at strengthening Pakistan’s marble sector. Federal Secretary for Industries and Production, Saif Anjum, and CEO P also attended the meeting. During the discussion, both sides reviewed opportunities to improve Pakistan’s marble industry through enhanced skills development, value addition, and the adoption of advanced technologies. Haroon Akhtar Khan said that a team of experts from Italy will be invited to assess Pakistan’s marble industry and provide actionable recommendations. He added that the government aims to strengthen the national marble sector through consultation with international experts and local stakeholders. He further stated that Prime Minister Shehbaz Sharif has directed the formulation of a comprehensive Marble Industry Policy to promote the sector’s sustainable growth. “Pakistan has immense marble potential, and value addition supported by new technology is the need of the hour,” he noted. The Italian Trade Agency emphasized the importance of improving product quality and integrating modern techniques in marble processing. Haroon Akhtar Khan reaffirmed the government’s commitment to long-term cooperation for the development of the marble industry. He directed PASDEC to prepare a detailed plan in collaboration with the ITA and relevant experts and submit a comprehensive report.