Pakistan Archives - Page 33 of 121

Supreme Court Introduces Multi-City Digital Hearing System

Web Desk / April 22, 2026

The Supreme Court of Pakistan (SC) has taken a major leap toward judicial modernization by fully integrating technology into its proceedings, marking a transformative shift in the country’s legal system through digital hearing reforms. According to an official court handout issued on Wednesday, the initiative is aimed at building a more transparent, accessible, and citizen-friendly justice system. The reforms are designed to remove geographical barriers and ensure faster, more efficient case handling across Pakistan. Multi-Location Digital Hearing System Introduced Under the new framework, the Supreme Court has successfully operationalized Digital Hearing across multiple locations. This allows judges, lawyers, and litigants to participate in court proceedings from different cities without being physically present in Islamabad. In a recent landmark session, a bench at the Principal Seat in Islamabad conducted proceedings while counsels joined virtually from Quetta, Hyderabad, and Karachi. The court described the process as smooth, inclusive, and effective in ensuring equal participation for all parties. This development highlights a significant shift in how justice is delivered, reducing delays caused by travel and logistical challenges. Leadership Participates from Multiple Cities The Digital Hearing system also demonstrated flexibility in judicial coordination. Chief Justice of Pakistan Yahya Afridi presided over proceedings from Islamabad, while Justice Ayesha A. Malik joined from Lahore. This arrangement ensured continuity in court operations despite changes in bench composition. The system allowed proceedings to continue without interruption, reinforcing judicial efficiency and adaptability. Fully Digitized Court Proceedings A major feature of the Digital Hearing system is the use of fully digitized case files. The court has moved away from traditional paper-based records, adopting electronic case management for all hearings. This shift eliminates the need to physically retrieve files from branch registries. It has significantly improved the speed, accuracy, and transparency of judicial proceedings. Officials said this marks a structural transformation in courtroom operations, reducing dependency on manual processes. Fully Digital Court Proceedings The court has now moved beyond traditional paper-based systems. As part of the Supreme Court digitisation, hearings are conducted using fully digitised case files. This innovation eliminates the need to retrieve physical records from branch registries. It also speeds up proceedings and reduces the risk of document loss or delays. In recent sessions, the entire docket was handled digitally, with participants joining remotely from Quetta while the bench remained in Islamabad. This reflects a fully functional, technology-driven judicial ecosystem. Key Features of Digital Reform The Supreme Court digitisation includes a wide range of reforms designed to modernize the judicial system. Case files have been digitised to ensure secure and efficient record management. Authorities have introduced barcoding systems for accurate case tracking. Digital case filing now allows lawyers and litigants to submit documents electronically, reducing procedural delays. In addition, electronic transmission of court orders ensures that decisions reach parties quickly. Digital payment systems have simplified fee submission, making processes more convenient. Video-link hearings have been institutionalised, allowing courts to operate beyond physical boundaries. The introduction of an e-office system further supports administrative efficiency within the judiciary. Transparency and Efficiency at the Core The Supreme Court digitisation aims to enhance transparency by making judicial processes more open and traceable. Barcoded cases and digital records reduce the chances of manipulation or misplacement. At the same time, faster communication and streamlined procedures improve overall efficiency. Litigants can now track their cases more easily and receive updates without unnecessary delays. Officials believe that these reforms will strengthen public trust in the judicial system. Greater Accessibility for Citizens One of the most significant benefits of the Supreme Court digitisation is improved accessibility. Citizens from remote areas can now participate in court proceedings without traveling long distances. This is particularly important in a country like Pakistan, where access to courts can be challenging due to geographical and financial constraints. By enabling remote participation, the judiciary is making justice more inclusive and responsive to public needs. Shift Toward a Modern Judicial Model The reforms represent a clear departure from conventional courtroom practices. The Supreme Court digitisation is transforming the judiciary into a modern, technology-driven institution. Experts describe this transition as a paradigm shift that aligns Pakistan’s legal system with global trends. Digital courts are increasingly becoming the norm worldwide, offering speed and convenience. Challenges and Future Prospects While the Supreme Court digitisation marks significant progress, experts note that challenges remain. These include ensuring cybersecurity, maintaining digital infrastructure, and training legal professionals to adapt to new systems. However, the overall outlook remains positive. Continued investment in technology and policy support can further strengthen the system.

Pakistan

Engineers Body IEEEP urgently calls for engineers to replace bureaucrats in technical leadership roles to solve energy problem

Web Desk / April 22, 2026

In a forceful and uncompromising call for reform, the Institution of Electrical & Electronics Engineers Pakistan (IEEEP) has demanded that Pakistan immediately align its governance of technical sectors with international standards by appointing highly qualified engineers and domain specialists—rather than generalist civil servants—to lead its ministries, regulators, and public sector agencies. Read More: https://theboardroompk.com/ccp-allows-acquisition-of-ranipur-sugar-mills-by-saakh-pharma-united-ethanol/ The demand came during the inaugural session of the 40th Multi-topic International Symposium-2026, where IEEEP leadership warned that decades of mismanagement in critical sectors—particularly energy—stem from a chronic absence of technically competent leadership at the helm.Addressing a distinguished gathering of engineers, academics, and industry experts, IEEEP President Tahir Basharat Cheema asserted that the time had come to redefine governance boundaries. “Civil servants should be confined to administrative roles such as district management,” he declared. “Technical ministries and specialised agencies must be led by professionals with deep domain expertise. The current model is neither sustainable nor effective.” Cheema sharply criticised the prevailing structure of regulatory bodies such as National Electric Power Regulatory Authority and Oil and Gas Regulatory Authority, noting that these highly specialised institutions are not being run by professionals with relevant technical expertise. “It is deeply concerning that not a single seasoned power sector practitioner is currently steering the affairs of NEPRA,” he said.Highlighting the consequences of this systemic oversight, Cheema pointed out that Pakistan’s energy infrastructure remains technologically stagnant. “Distribution transformers in use today are based on designs dating back to 1908, while much of our grid infrastructure traces its roots to the 1960s. This stagnation is a direct result of the absence of qualified professionals in decision-making roles,” he warned. He further criticised the performance of key institutions such as the Private Power and Infrastructure Board, stating that its flagship output—independent power producers (IPPs)—has failed to satisfy stakeholders across the board. Similarly, once-prestigious organisations like the Pakistan Council of Scientific and Industrial Research are now grappling with severe financial constraints, rendering them unable to sustain even basic operations, let alone drive innovation. Cheema underscored that the principle of appointing specialists to technical roles was established over a century ago by European administrations, yet Pakistan continues to deviate from this globally accepted norm. In his opening address, IEEEP Karachi Centre Chairman Navid Akram Ansari called for urgent policy interventions to revitalise Pakistan’s engineering and manufacturing sectors. He urged the government to mandate public sector organisations to prioritise procurement of “Made in Pakistan” products, thereby strengthening domestic industry and encouraging investment in quality enhancement. Ansari also called for the abolition of duties and taxes on imported raw materials used by engineering industries to boost competitiveness in international markets. He stressed the need for establishing a nationwide network of internationally accredited testing laboratories to elevate production standards. He highlighted the critical role of institutions such as the Engineering Development Board, Pakistan Engineering Council, and the Higher Education Commission in transforming engineering education and industrial output. “IEEEP stands ready to support the government in strengthening academia-industry linkages, enhancing engineering curricula, and promoting research and development,” he added.Delivering the keynote address, Professor of Practice Tahir Mahmood Chaudhry—CEO of a leading engineering consultancy—called on the Higher Education Commission to equip university vice-chancellors with essential administrative and financial management training. He revealed a startling statistic that only 12.4 per cent of Pakistan’s more than 250 universities have formal placement bureaus to assist graduates in securing employment. “Placement bureaus are vital for bridging the gap between academia and industry,” he said, warning that their absence is exacerbating graduate unemployment and weakening industrial growth.Earlier, in his welcome remarks, IEEEP Karachi Centre Honorary Secretary Engineer Imran Zafar announced that over 14 research papers would be presented during the symposium, covering key advancements in electrical and electronics engineering, particularly in the power sector. A dedicated session will also focus on reforming higher education in engineering disciplines, with actionable recommendations expected.He noted that senior officials from the Higher Education Commission and the Engineering Development Board were unable to attend the symposium due to movement restrictions in Islamabad amid heightened security arrangements. The symposium has brought into sharp focus a critical national question: can Pakistan afford to let its most technical sectors remain under non-specialist leadership in an increasingly complex and competitive global landscape? The IEEEP’s answer is unequivocal—reform is not just necessary, it is urgent.

Pakistan

Attock Refinery Shutdown Disrupts Fuel Supply as Tanker Movement Halted in Pakistan

Web Desk / April 22, 2026

The Attock Refinery Shutdown has sparked widespread concern in Pakistan’s energy sector after Attock Refinery Limited announced the closure of its main crude distillation unit. The decision comes amid a sudden suspension of oil tanker movement, creating ripple effects across fuel supply chains and raising questions about potential shortages. The refinery confirmed the development in a notice submitted to the Pakistan Stock Exchange, highlighting operational challenges caused by transport restrictions. Attock Refinery Shutdown: Why Was the Main Unit Closed? According to the company, the main crude distillation unit, also known as HBU-I, with a capacity of 32,400 barrels per stream day, was forced to shut down after tanker movement to and from the refinery was abruptly halted. The suspension was linked to the expected arrival of foreign delegates in Islamabad, which resulted in road closures affecting petroleum logistics. The Attock Refinery Shutdown has directly disrupted crude oil receipts and product dispatch operations. With supply routes blocked, the refinery faced two simultaneous problems: declining crude intake and rising storage levels of refined products such as Motor Spirit and High-Speed Diesel. Fuel Stocks Rising While Dispatches Stall Industry observers note that the Attock Refinery Shutdown has created an unusual scenario. Instead of shortages at the refinery level, petrol and diesel inventories are building up because products cannot be transported to distribution networks. The company explained that its Motor Spirit and High-Speed Diesel stocks have increased significantly due to dispatch constraints. At the same time, crude oil deliveries have dropped sharply, making continued operations unsustainable. Until tanker movement resumes and transportation routes normalize, refinery operations are expected to remain limited. This has triggered concerns among stakeholders about supply continuity in northern regions dependent on Attock’s output. Market Reaction to Attock Refinery Shutdown The Attock Refinery Shutdown is being closely watched by investors and energy analysts. Temporary closures at refineries often affect fuel supply logistics, transportation costs, and market sentiment. Although the shutdown is operational rather than structural, analysts believe prolonged disruptions could impact distribution networks and increase reliance on alternative refineries. The development also highlights Pakistan’s dependence on uninterrupted logistics for maintaining fuel supply stability. About Attock Refinery Limited Attock Refinery Limited was incorporated in Pakistan in 1978 and converted into a public company in 1979. The refinery plays a crucial role in refining crude oil and supplying petroleum products. The company operates as a subsidiary of Attock Oil Company Limited, while its ultimate parent entity is Coral Holding Limited. These international affiliations underline its importance within regional energy markets. What Happens Next? The Attock Refinery Shutdown is expected to remain temporary, with operations resuming once tanker movement improves. However, the situation underscores vulnerabilities in Pakistan’s fuel logistics infrastructure. If road closures continue or similar disruptions occur, refinery operations across the country could face operational bottlenecks. Industry experts emphasize the need for contingency planning and diversified transport mechanisms to ensure uninterrupted fuel supply.

Pakistan

KATI and SEPA Hold Tree Plantation Drive at Community Park on Earth Day, Stress Environmental Protection

Web Desk / April 22, 2026

Environmental Pollution a Major Challenge; Sindh Government Committed to Accelerating Eco-Friendly Initiatives, Adviser to CM Dost Muhammad Rahimoon Tree Plantation Key to a Secure Future; Strong Measures Essential to Tackle Climate Change, KATI President Muhammad Ikram Rajput Karachi: A tree plantation drive was held at the Korangi Association of Trade and Industry (KATI) Community Park on the occasion of Earth Day, with officials and industry representatives emphasizing the urgent need for collective action to address environmental challenges.Adviser to the Sindh Chief Minister on Environment, Climate Change and Coastal Development, Dost Muhammad Rahimoon, while addressing the ceremony, said that April 22 is observed globally as Earth Day and serves as a reminder of the growing threats posed by environmental pollution and climate change. On the occasion, KATI President Muhammad Ikram Rajput, former president and Chairman standing committee Junaid Naqi, and others also addressed the gathering.Advisor to CM Simdh noted that these challenges require coordinated efforts from all segments of society. “Environmental protection is not possible without joint action by the government, industry and the public,” he said, adding that the Sindh government is taking practical steps to safeguard the environment and improve coastal areas. Rahimoon highlighted that various awareness activities, including tree plantation campaigns, were organized by the Sindh Environmental Protection Agency (SEPA) to mark the day. He stressed that planting trees is the need of the hour, as it not only improves environmental conditions but also ensures a safer future for coming generations. KATI President Muhammad Ikram Rajput, speaking on the occasion, said that Earth Day serves as a reminder that environmental protection is a shared responsibility. He emphasized that in a densely populated city like Karachi, every individual must play a role in improving environmental conditions.Rajput added that under the leadership of the provincial government, significant progress has been made in promoting environmental protection, green energy initiatives and tree plantation campaigns. He reaffirmed the industrial community’s full support for government efforts aimed at environmental sustainability. He also called for greater focus on infrastructure development, waste management systems and wastewater treatment projects to ensure a cleaner and healthier environment.Chairman of KATI’s Standing Committee on Tree Plantation, Junaid Naqi, said that balancing industrial growth with environmental protection is essential. He stressed the need to facilitate industries in adopting environmentally friendly technologies, promote green energy projects and introduce an effective policy framework. The event was attended by KATI office-bearers, SEPA officials, industrialists and members of the public. Participants also planted saplings to reaffirm their commitment to a greener Pakistan.

Pakistan

Green Plastics Secures PKR 1M Seed Funding from Mobilink Bank

Web Desk / April 22, 2026

Karachi, April 22, 2026: Reinforcing its position as a leader in Diversity, Equity, and Inclusion (DEI), Pakistan’s leading digital microfinance bank, Mobilink Bank has successfully graduated 18 women-led startups under its Women Inspirational Network (WIN) Incubator Program, an industry-first initiative designed to unlock the economic potential of women entrepreneurs in Pakistan. Read More: https://theboardroompk.com/bingx-lists-space-themed-meme-coin-asteroid-shiba/ The graduation ceremony, held in Islamabad, was attended by Ms. Wajiha Qamar, Minister of State for Federal Education & Professional Training, as the Chief Guest, alongside key stakeholders from the public and private sectors. The WIN program equipped participants with practical skills in digital entrepreneurship, financial literacy, and business scaling, enabling them to build resilient, future-ready enterprises. The ceremony concluded with awards recognizing high-impact ventures emerging from the cohort. Green Plastics secured the Best Startup Award and received PKR 1 million in seed funding for its innovative solution converting potato peels into recyclable bags. Ecogen and EcoFlow were named winners of the Innovation Challenge, each receiving PKR 500,000 in seed funding for their impactful work in food waste management and affordable sanitary solutions for underserved communities. With a total of 31 startups now graduated, Mobilink Bank continues to set the benchmark for enabling women-led businesses through structured incubation, mentorship, and access to financial and digital ecosystems. Speaking at the occasion, Ms. Wajiha Qamar, Minister of State for Federal Education & Professional Training said that, “The graduation of 18 women-led startups under Mobilink Bank’s WIN Incubator is a powerful testament to the transformative impact of investing in women’s potential. Initiatives like this not only equip women with essential entrepreneurial and digital skills but also pave the way for a more inclusive and resilient economy. It is encouraging to see these ventures addressing critical challenges such as sustainability and social equity. Continued collaboration between the public and private sectors will be key to expanding such opportunities and enabling more women across Pakistan to become drivers of innovation and economic growth.” Haaris Mahmood Chaudhary, President & CEO, Mobilink Bank, remarked that, “At Mobilink Bank, we are moving beyond access to impact. The WIN Incubator is unlocking a new generation of women entrepreneurs who are not just participating in the economy but leading it. Their success is building a more resilient, inclusive, and future-ready Pakistan.” The graduating cohort demonstrated a strong focus on sustainability and social impact, with ventures addressing pressing challenges such as plastic waste, food waste, and period poverty, highlighting the growing role of women entrepreneurs in driving climate-conscious and socially responsible innovation. This also comes in line with the Bank’s ESG policy, which is strongly embedded into its core operations. Mobilink Bank’s continued investment in initiatives like WIN underscores its commitment to building a more inclusive, innovative, and resilient economic future, where women are not just participants, but leaders of change.

Pakistan

Hydel Power Generation Boost Eases Load Shedding Pressure in Pakistan

Web Desk / April 22, 2026

Pakistan’s energy sector received a significant boost as hydel power generation surged to 5,000 megawatts during peak hours, offering temporary relief to the national grid and reducing load shedding in several regions. According to the Power Division, the increase in electricity output from hydropower sources began on April 17, 2026. Officials confirmed that improved water releases from dams, aligned with provincial demands, played a key role in enhancing generation capacity. Improved Water Flow Drives Power Output Authorities reported that higher water discharge levels enabled hydel power generation to reach 5,000MW during peak night hours. This surge significantly supported the power system at a time when energy demand remains high. Officials explained that hydropower remains one of the most cost-effective and reliable energy sources in Pakistan. Therefore, any increase in water availability directly strengthens electricity supply. In addition, the grid received an extra 400MW of electricity from the southern region. This contribution further stabilized the system and ensured smoother transmission to the central parts of the country. Load Shedding Reduced in Key Areas The rise in hydel power generation helped authorities minimize load shedding across multiple distribution companies. Notably, no load management was carried out during peak night hours on April 17, 18, and 19. However, on April 20, the situation slightly changed. Most distribution companies implemented limited load shedding of around one hour during nighttime. Exceptions included Gujranwala Electric Power Company and Sukkur Electric Power Company, where consumers faced up to two hours of load management during peak periods. Despite these minor disruptions, the overall improvement in supply reflects the positive impact of increased hydropower output. LNG Shortage Continues to Affect Supply While hydel power generation has improved, challenges persist in other segments of the energy sector. The Power Division revealed that LNG-based power plants with a total capacity of 5,500MW remain inactive due to fuel shortages. These plants are expected to resume operations once liquefied natural gas supplies are restored. Until then, the system relies heavily on alternative sources, including hydropower and indigenous gas. Currently, around 500MW of electricity is being generated from the Balloki Power Plant using local gas resources. This contribution, though limited, helps maintain supply stability. Policy-Driven Load Shedding to Continue Officials clarified that certain types of load shedding will continue despite improvements in hydel power generation. Specifically, load management linked to electricity theft and system losses remains in effect. The Power Division stated that this form of load shedding is policy-driven and separate from peak demand management. Authorities will continue to enforce it across distribution companies to control losses and improve recovery rates. This means that even after LNG supplies return and overall generation improves, some areas may still experience outages based on performance metrics. Debate Over Revenue-Based Load Shedding The issue of load shedding has also sparked a policy debate at the national level. Minister for Power Sardar Awais Ahmad Khan Leghari recently defended revenue-based load shedding during a press conference. He argued that the practice helps manage financial losses in the power sector. According to him, eliminating it could increase circular debt by nearly Rs400 billion. However, the National Electric Power Regulatory Authority has declared revenue-based load shedding illegal. The regulator has imposed penalties on distribution companies, including K-Electric, for implementing such measures. Adding to the controversy, the Ministry of Law and Justice has termed the practice a violation of fundamental rights. This has intensified the debate over balancing financial sustainability with consumer protection. Temporary Relief, Long-Term Challenges Remain The recent surge in hydel power generation has provided much-needed relief to consumers. Reduced load shedding during peak hours has improved daily life for households and businesses alike. However, experts warn that this improvement may be temporary. Hydropower generation depends heavily on water availability, which fluctuates due to seasonal changes and climate conditions. At the same time, unresolved issues such as fuel shortages, circular debt, and system inefficiencies continue to challenge Pakistan’s energy sector. Way Forward for Energy Stability Analysts suggest that Pakistan must diversify its energy mix to reduce reliance on any single source. Investments in renewable energy, improved infrastructure, and better governance can help ensure long-term stability. While hydel power generation remains a vital component of the energy system, a balanced approach is necessary to meet growing demand and avoid future crises. For now, the increase in hydropower output offers a temporary reprieve. However, sustainable solutions will require coordinated efforts across all sectors of the energy economy.

Breaking News, Pakistan

Karachi Red Line BRT Faces Setback as Lot 2 Contract Terminated Over Delays

Web Desk / April 22, 2026

Ongoing performance issues and missed deadlines force authorities to take decisive action on a key segment of the city’s transit project Karachi’s ambitious Red Line Bus Rapid Transit (BRT) project has suffered a major setback after authorities decided to terminate the Lot 2 contract, citing persistent delays and underperformance by the contractor. The move comes after concerns raised by the Asian Development Bank, which highlighted slow progress, quality shortcomings, and failure to meet environmental and safety standards during a recent review. Read More: https://theboardroompk.com/kcci-raises-alarm-over-targeted-attack-on-industrialist-warns-of-resurgent-extortion-mafia-collapsing-law-order/ The affected stretch—from Mosamiyat to Numaish—has faced repeated disruptions, including financial disagreements and halted construction work. Initially launched in 2022 with a target completion timeline of 30 months, the project has already missed its expected 2024 deadline, with uncertainty now surrounding its revised completion schedule. Officials have begun formal proceedings to end the contract, signaling a critical turning point for one of Karachi’s most important urban transport initiatives. The prolonged delays have not only stalled infrastructure development but also worsened traffic congestion, adding to the daily challenges faced by commuters across the city. As authorities move forward, the focus will shift to reassigning the contract and accelerating progress to ensure the project can eventually deliver on its promise of a modern, efficient public transport system for Karachi.

Pakistan

Pakistan Petroleum Imports Rise as Transport Demand Drives Energy Trade in March 2026

Web Desk / April 21, 2026

Pakistan Petroleum Imports recorded a moderate increase in March 2026, reflecting steady demand from the transport sector and a shifting energy mix. Latest data indicates that petroleum, oil and lubricants imports climbed to 1.34 million metric tonnes during the month, marking a 4 percent month-on-month increase while remaining broadly unchanged on a year-on-year basis. The numbers signal continued economic activity, particularly in transportation and logistics, despite higher fuel prices. Over the first nine months of fiscal year 2026, cumulative Pakistan Petroleum Imports reached 13.28 million metric tonnes, up 6 percent from the 12.49 million metric tonnes recorded in the same period last year. This trend suggests sustained fuel consumption and stronger refinery operations. Pakistan Petroleum Imports Driven by Motor Gasoline Demand Motor gasoline continued to dominate Pakistan Petroleum Imports in March 2026. It accounted for approximately 82 percent of total petroleum product imports, nearly identical to its share a year earlier. This heavy reliance on motor gasoline highlights persistent demand from commuters, ride-hailing services, and goods transporters across the country. Despite elevated retail fuel prices, consumption remained stable, indicating that transportation remains a necessity for both businesses and households. The consistent demand also reflects gradual economic activity recovery and urban mobility expansion. Crude Oil Imports Fall Monthly but Remain Strong for FY26 Crude oil imports declined by 9 percent compared to February, falling to 765,263 metric tonnes in March. On a yearly comparison, crude imports were also slightly lower by 3 percent. However, the broader fiscal year picture tells a different story. During the first nine months of FY26, crude imports reached 7.84 million metric tonnes, representing a strong 17 percent increase compared to 6.69 million metric tonnes in the same period last year. This indicates higher refinery throughput and suggests that domestic refineries are operating at elevated utilization levels. High-Speed Diesel Sees Sharp Rebound High-speed diesel imports posted a significant recovery in March, surging 153 percent month-on-month. This rebound followed a steep decline in February and reflects renewed demand from agriculture, transport and industrial sectors. The diesel recovery is particularly important for Pakistan’s economy, as the fuel plays a key role in trucking, farming machinery, and power generation in off-grid areas. Domestic Energy Mix Shifts as Gas Supply Increases Pakistan Petroleum Imports trends were also influenced by changes in the natural gas mix. Domestic gas supply increased by 12 percent month-on-month, reaching 3,055 mmcfd. As a result, domestic gas accounted for 94 percent of the total supply.In contrast, RLNG imports fell sharply by 75 percent month-on-month to just 201 mmcfd. The decline indicates reduced reliance on expensive imported LNG cargoes during March. However, over the nine-month fiscal period, RLNG maintained an average share of around 23 percent, similar to last year. This shift suggests short-term optimization of domestic resources while maintaining long-term LNG dependence. Energy Exports Jump on Furnace Oil Shipments On the export side, Pakistan’s energy exports increased by 20 percent month-on-month to 149,057 tonnes in March. The rise was driven entirely by furnace oil shipments, as there were no crude condensate or naphtha exports during the month. Furnace oil exports reached 129,900 tonnes in March. While this figure was lower compared to the same month last year, cumulative exports for FY26 showed growth. During the nine-month period, furnace oil exports totaled 1.26 million tonnes, representing a 12 percent increase year-on-year. Overall energy exports for the fiscal period stood at 1.50 million tonnes, marking a 6 percent annual increase. Refinery Feed Mix Changes with Higher Local Production Imported crude share in refinery feed declined to 74 percent in March from 79 percent in February. The change occurred as domestic crude production increased by 7 percent month-on-month to 64,915 barrels per day. This improvement in local production slightly reduced reliance on imported crude and supported refinery operations. Outlook for Pakistan Petroleum Imports Pakistan Petroleum Imports are expected to remain closely tied to transportation demand, refinery throughput and global energy prices. Continued growth in fuel consumption signals stable economic activity, while fluctuations in LNG imports highlight efforts to manage import costs. With refinery utilization increasing and domestic gas supply improving, Pakistan’s energy mix may continue evolving in the coming months. However, strong reliance on imported fuels suggests that petroleum imports will remain a key component of the country’s trade balance.

Pakistan

Saudi Deposit Strengthens Pakistan Reserves as SBP Receives Full $3 Billion Support

Web Desk / April 21, 2026

Pakistan’s external account received a major boost after State Bank of Pakistan confirmed the receipt of $1 billion from the Saudi Ministry of Finance on April 20, 2026. This latest inflow marks the second tranche of the Saudi deposit Pakistan arrangement and strengthens the country’s foreign exchange position at a critical time. Read More: https://theboardroompk.com/nbp-dividend-delay-raises-investor-concerns-despite-record-profit/ The development follows the earlier receipt of $2 billion on April 15. With this, the full $3 billion commitment from Saudi Arabia has been disbursed within days. The rapid inflow signals strong bilateral coordination and timely financial support. Agreement Finalized During Global Meetings Pakistan and Saudi Arabia formally signed the deposit agreement on April 17, 2026. The deal took place during the IMF–World Bank Spring Meetings in Washington, DC. Officials from the Saudi Fund for Development and the State Bank of Pakistan signed the agreement in the presence of Finance Minister Muhammad Aurangzeb. Interestingly, the first tranche arrived even before the formal signing. The SBP received $2 billion on April 16, shortly after Saudi Arabia announced the fresh $3 billion facility on April 15. This swift execution reflects deep financial cooperation between the two countries. In addition to the new deposit, Saudi Arabia extended its existing $5 billion deposit. Authorities removed the earlier annual rollover condition, which had added uncertainty to Pakistan’s repayment outlook. This extension provides breathing space and reduces near-term external pressure. Foreign Exchange Reserves Set to Rise The Saudi deposit Pakistan inflows are expected to play a crucial role in strengthening the country’s reserves. Officials aim to raise SBP’s foreign exchange reserves to around $18 billion by June 2026. This level would cover approximately 3.3 months of imports and align with commitments under the International Monetary Fund programme. Finance Minister Aurangzeb stated that Saudi support will improve reserve adequacy and reinforce Pakistan’s external account. He stressed that the inflows will help maintain investor confidence and ensure the country meets its external obligations. He also pointed to Pakistan’s recent repayment of a $1.4 billion Eurobond. This repayment reflects improved debt management and signals stronger financial discipline. According to officials, the government is now focusing on sustainable financing strategies. Diversifying External Financing Strategy Pakistan is actively working to diversify its funding sources. Authorities plan to access international markets through the Global Medium-Term Note programme. In addition, the government is preparing for a Panda Bond issuance to tap Chinese capital markets. These efforts aim to reduce reliance on short-term inflows like deposits and loans. Instead, Pakistan seeks stable, long-term financing channels that can support economic growth and reduce vulnerability to external shocks. The Saudi deposit Pakistan arrangement fits into this broader strategy. While it provides immediate relief, policymakers emphasize the importance of structural reforms and diversified funding. SBP Governor Highlights Economic Progress On April 19, SBP Governor Jameel Ahmad briefed global investors on Pakistan’s economic outlook. He spoke during meetings held alongside the IMF–World Bank Spring Meetings. The governor noted that macroeconomic indicators have improved faster than expected. Inflation averaged 5.7 percent during the first nine months of fiscal year 2026. Meanwhile, the current account remained in surplus. Foreign exchange reserves also rose to $16.4 billion, mainly due to SBP’s purchases from the interbank market. With continued inflows, including the Saudi deposit Pakistan, reserves are expected to reach the $18 billion target. He emphasized that Pakistan is now in a stronger position compared to past crises. Unlike previous periods of instability, policymakers have adopted a balanced mix of monetary and fiscal policies. Stronger Position Amid Global Uncertainty Global economic conditions remain uncertain due to geopolitical tensions and rising costs. Events like the Russia–Ukraine conflict have disrupted markets and increased financial pressures worldwide. Despite these challenges, Pakistani authorities believe the country is better prepared. Improved macroeconomic fundamentals and continued bilateral support have strengthened resilience. The Saudi deposit Pakistan inflow is expected to stabilize the balance of payments. It will also boost investor confidence and support ongoing economic reforms. Analysts say such inflows send a positive signal to global markets. With reserves rising and external pressures easing, Pakistan’s economic outlook appears more stable. The government continues to focus on fiscal discipline, policy consistency, and structural reforms. The latest Saudi support highlights the importance of strategic partnerships in navigating economic challenges. As Pakistan advances its reform agenda, sustained inflows and improved fundamentals will remain key to long-term stability.

Pakistan

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

Web Desk / April 21, 2026

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

News

Categories

Company