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PIA Pre Hajj Operation to commence from 19 April
Breaking News, Pakistan

PIA Pre Hajj Operation to commence from 19 April

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Karachi: PIA Pre Hajj Operation of transporting intending pilgrims to Saudi Arabia will commence from 19 April, 2026. PIA on the first day of Pre Hajj Operation will transport more than 540 intending pilgrims to Al-Madinah Al-Munawwarah, Saudi Arabia . Read More: https://theboardroompk.com/india-sixth-largest-economy-dropped-from-4th-position-imf-report-exposes-growth-claims/ PIA’s first Pre-Hajj flight from Sialkot PK 747 and Faisalabad PK 4003 will depart on 19 April for Madinah, Saudi Arabia. The first flight from Multan, PK 715, will depart on 20 April. On 21 April, the first Pre-Hajj flights from Quetta and Islamabad will depart for Madinah respectively. The first Pre-Hajj flight from Karachi, PK 743, will depart on 23 April. The airlines first Pre-Hajj flight PK 747 will depart from Lahore for Madinah on 24 April. PIA will operate more than 191 flights to Jeddah and Madinah to transport more than 55,000 intending pilgrims. PIA will operate flights from cities such as Islamabad, Karachi, Lahore, Multan, Sialkot, Faisalabad and Quetta to Madinah and Jeddah, Saudi Arabia. PIA will transport more more than 15,400 intending pilgrims from Islamabad to Saudi Arabia through 46 Pre- Hajj flights, more than 15,000 from Karachi through 55 flights, more than 12,300 from Lahore through 34 flights, 3,680 from Faisalabad through 23 flights, 5,383 from Multan through 13 flights, 2075 from Sialkot through 5 flights and more than 4,487 intending pilgrims through 15 Pre Hajj flights from Quetta to Saudi Arabia. This year also, PIA aims to provide best services to the Intending Pilgrims, meeting the reliability targets set for itself. During Hajj Operations 2025, PIA exceeded the reliability of 90% and got commendations from the local authorities. CEO PIA , AVM Amir Hayat, who would be personally supervising the operation, has instructed the airline’s Hajj Team to provide the best services to intending pilgrims and make their travel Comfortable and Convenient. The Pre-Hajj Operation will conclude on 21 May 2026.

Pakistan-China Economic Cooperation Discussed at IMF–World Bank Meetings
Editor pick, Pakistan

Pakistan-China Economic Cooperation Discussed at IMF–World Bank Meetings

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Pakistan-China economic cooperation took center stage as Finance Minister Muhammad Aurangzeb held high-level meetings with Chinese leadership during the IMF and World Bank Spring Meetings in Washington D.C.. The engagements focused on strengthening bilateral ties, mobilising external financing, and reinforcing Pakistan’s improving economic outlook. The minister used the platform to highlight Pakistan’s macroeconomic progress and ongoing reform measures. He emphasized the government’s commitment to stabilizing the economy and expanding strategic partnerships. Meeting with Chinese Finance Minister During his meeting with Lan Fo’an, Aurangzeb expressed appreciation for China’s consistent support for Pakistan. He acknowledged Beijing’s role in facilitating Pakistan’s engagements with the International Monetary Fund. The finance minister briefed his Chinese counterpart on Pakistan’s progress under the IMF programme. He highlighted the successful Staff-Level Agreement for the third review under the Extended Fund Facility and the second review under the Resilience and Sustainability Facility. Officials expect the IMF Executive Board to approve these reviews in early May. This approval would unlock further financial support and strengthen investor confidence. Updates on Financial Stability Measures Aurangzeb informed the Chinese side that Pakistan has repaid a $1.4 billion Eurobond. He also highlighted additional financial inflows secured from Saudi Arabia, which have supported foreign exchange reserves. He shared details about Pakistan’s plan to issue its first Panda Bond. This move aims to diversify funding sources and tap into China’s capital markets. The minister also noted a growing trend in bilateral trade settlement using the Chinese Renminbi. He stressed the need to expand the currency swap facility to support increasing trade volumes between the two countries. Regional Diplomacy and Strategic Support The finance minister appreciated China’s recognition of Pakistan’s mediation efforts in ongoing regional tensions. He reaffirmed Pakistan’s commitment to promoting peace and stability in the region. Aurangzeb also reiterated Pakistan’s full support for the establishment of the Shanghai Cooperation Organization Development Bank. He noted that Pakistan will actively pursue this initiative during its upcoming presidency of the SCO. Both sides expressed satisfaction with continued coordination at international financial forums. They agreed to strengthen collaboration at both the IMF and World Bank levels. Meeting with People’s Bank of China Governor In a separate meeting, Aurangzeb met Pan Gongsheng, Governor of the People’s Bank of China. The discussion focused on Pakistan’s financing strategy and ongoing IMF programme reviews. The finance minister updated the Chinese central bank on progress related to the Panda Bond issuance. He requested faster regulatory approvals to ensure timely execution of the plan. Aurangzeb also highlighted Pakistan’s policy measures to address economic challenges linked to regional instability. These measures include targeted subsidies and demand management strategies to protect key sectors. Invitation to Strengthen Bilateral Engagement Pan Gongsheng invited the finance minister to visit Beijing in the near future. The invitation reflects China’s interest in deepening economic engagement with Pakistan. Officials see this as an opportunity to accelerate financial cooperation and expand bilateral trade frameworks. Future discussions are expected to focus on investment, infrastructure, and financial integration. Strengthening Economic Outlook The meetings underscore Pakistan’s efforts to build stronger economic partnerships while maintaining reform momentum. Engagement with China remains central to Islamabad’s strategy for long-term stability and growth. Analysts believe continued cooperation between Pakistan and China will help address external financing needs and promote sustainable development. The focus on Pakistan China economic cooperation highlights the importance of strategic alliances in navigating global economic challenges. Both countries appear committed to expanding collaboration across financial, trade, and development sectors.

Saudi Deposit Extension Supports Pakistan’s External Stability
Pakistan

Saudi Deposit Extension Supports Pakistan’s External Stability

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The Saudi Fund for Development has agreed to a Saudi deposit extension of $3 billion with the State Bank of Pakistan, providing continued financial support to Pakistan’s economy. Officials finalized the agreement in Washington D.C., where Chief Executive Officer Sultan bin Abdul Rahman Al-Marshad and SBP Governor Jameel Ahmad signed the deal. Finance Minister Muhammad Aurangzeb also attended the signing ceremony. The agreement extends the tenure of the $3 billion deposit held with Pakistan’s central bank. It aims to strengthen the country’s external account position and ensure continued financial stability. Strengthening Economic Partnership Officials described the agreement as a reflection of strong and longstanding ties between Pakistan and Saudi Arabia. Both countries have maintained close economic cooperation over the years, particularly in financial assistance and investment. The extension provides breathing space to Pakistan’s economy. It supports foreign exchange reserves and helps manage external financing needs. Analysts say such arrangements play a critical role in stabilizing macroeconomic conditions. They also send a positive signal to international markets and lenders. Support for External Sector Stability The Saudi deposit has remained a key component of Pakistan’s financial support framework. By extending its maturity, authorities aim to maintain stability in the external sector. Officials noted that the agreement will help Pakistan manage short-term repayment pressures. It will also improve confidence in the country’s financial outlook. The move comes at a time when Pakistan continues efforts to stabilize its economy. Strengthening foreign reserves remains a top priority for policymakers. Additional $2 Billion Inflow Confirmed In a related development, the State Bank confirmed it has received an additional $2 billion from Saudi Arabia. The funds were transferred by the Saudi Ministry of Finance. The central bank shared the update on X, stating that the amount was received with a value date of April 15, 2026. This inflow adds further support to Pakistan’s reserves. It also highlights continued financial backing from Saudi Arabia during a critical period. Positive Signal for Financial Markets Economic experts view the Saudi deposit extension as a positive development. It demonstrates confidence in Pakistan’s reform efforts and economic direction. The agreement may also improve Pakistan’s standing with international financial institutions. It shows that key partners remain committed to supporting the country’s stability. Officials expect the move to ease pressure on the exchange rate. It may also create a more stable environment for trade and investment. Long-Term Implications The extension of the $3 billion deposit and the additional inflow underline Saudi Arabia’s continued role as a key economic partner. These measures help Pakistan navigate financial challenges and maintain stability. Going forward, policymakers aim to build on this support. They plan to strengthen economic reforms, increase exports, and attract foreign investment. The Saudi deposit extension serves as a timely boost. It reinforces confidence in Pakistan’s financial system and provides a cushion against external shocks.

Pakistani Tanker Shalamar Exits Strait of Hormuz with UAE Crude Amid US Blockade Carrying 440,000 Barrels
Pakistan

Pakistani Tanker Shalamar Exits Strait of Hormuz with UAE Crude Amid US Blockade Carrying 440,000 Barrels

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A Pakistani-flagged Aframax tanker named Shalamar has exited the Strait of Hormuz carrying approximately 440,000 barrels of UAE crude, shipping data shows. The vessel is en route to Karachi, where it is expected to discharge its cargo on April 19. Read More: http://PHEVs Gain Ground Over EVs in Emerging Markets, Pakistan Sees Early Shift The tanker loaded Abu Dhabi’s Das Blend crude earlier this week at an ADNOC terminal in the United Arab Emirates. It entered the Strait of Hormuz on Sunday along with another Pakistani tanker. Safe Passage Through Tense Waters According to data from Kpler and LSEG, the Shalamar exited the waterway on Thursday. Pakistan’s petroleum minister confirmed that the vessel had loaded crude from the UAE. Pakistan National Shipping Corporation, which manages the tanker, did not immediately respond to requests for comment. This movement comes as traffic through the vital chokepoint has slowed due to heightened regional tensions. The successful transit highlights continued oil trade flows between Gulf producers and Pakistan despite challenges. Context of US Naval Blockade The incident occurs amid a US blockade in the Strait of Hormuz. The US Navy has widened its advisory to include cargoes deemed contraband, warning that vessels suspected of heading to Iranian territory could face visit and search operations. US Central Command reported that 14 vessels turned around to comply with the blockade after 72 hours of enforcement. The Shalamar was one of two Pakistani tankers that entered the Gulf on Sunday to load crude and oil products. Pakistan continues to secure energy supplies through legitimate channels from UAE and other Gulf suppliers. The Das Blend cargo is destined for Pakistan’s refining or storage needs in Karachi. Analysts note that such shipments underscore Pakistan’s reliance on Gulf oil imports while navigating complex geopolitics involving the US, Iran, and regional players. No disruptions were reported for the Shalamar during its passage.

Jahanzaib Haque Takes Helm as Nukta Chief Editor After ARY Acquisition
Pakistan

Jahanzaib Haque Takes Helm as Nukta Chief Editor After ARY Acquisition

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Karachi — Jahanzaib Haque has stepped into the role of Chief Editor at the digital media platform Nukta, signaling a new phase of editorial leadership and growth for the outlet after its acquisition by ARY Digital Network. Read More: https://theboardroompk.com/chery-master-pakistan-sets-a-new-industry-benchmark-with-tiggo-8-tiggo-9-phev-ckd-line-off-in-5days/ The appointment comes shortly after ARY Digital Network acquired a majority stake in Nukta in March 2026. The move integrates Nukta into ARY Group’s broader media ecosystem, aiming to combine broadcast strength with digital innovation and reshape Pakistan’s media landscape through enhanced broadcast-digital synergy. In a LinkedIn post announcing the development, Haque emphasized that his career has never been driven by titles but by a deep commitment to the work itself. “Those close to me know I’ve never really worked for titles. It’s always been about the work,” he wrote. He added that he has consistently gone beyond job descriptions — from high-level management to moderating comments out of fascination with online communities and audience behavior. Haque highlighted Nukta’s impressive early performance, noting one billion impressions and 700 million views during its launch year. He expressed strong confidence in the platform’s future, stating that the union with ARY “is going to lead us ever upwards.”He credited the success to Nukta’s dedicated team, offering special shoutouts to key members including:Amber Shamsi (Pakistan Editor and mentor)Kamran Khan (founder and leader)Murtaza Dar (Lahore Editor)Faizan Khan (COO)Quratulain Mohsen (Head of Content, Dubai)Faisal Aziz Khan (Editor Strategic Communications Middle East and Asia)and many others across editorial, production, partnerships, and social media roles.Haque concluded with optimism: “Let’s see what we build from here. Excelsior ✨” Background on Nukta and the Acquisition Nukta, founded by veteran journalist Kamran Khan, quickly gained traction as a dynamic digital news platform known for its fresh storytelling and strong audience engagement. The ARY acquisition, announced in March 2026, positions Nukta to leverage ARY’s extensive television reach, production capabilities, and international presence while maintaining its digital agility. Nukta continues to operate from its Dubai headquarters as part of the expanded ARY ecosystem.This development underscores a broader trend of traditional Pakistani broadcasters investing in digital platforms to reach younger audiences and adapt to evolving media consumption habits.

Pakistani Fish Exports to Russia Approved, Opening New Market for Seafood Sector
Pakistan

Pakistani Fish Exports to Russia Approved, Opening New Market for Seafood Sector

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Pakistan has secured approval to begin Pakistani fish exports to Russia, opening a new international market for the country’s seafood sector. Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry announced the development on Friday, calling it a milestone for Pakistan’s fisheries industry. Read More: https://theboardroompk.com/iranian-president-meets-field-marshal-asim-munir-in-tehran-for-key-security-talks/ This marks the first time Pakistani seafood exporters will gain direct access to the Russian market. Officials expect the move to strengthen trade ties and boost export revenues in the coming months. 16 Pakistani Companies Receive Approval The minister confirmed that 16 local companies have received clearance to export fish and seafood to Russia. Authorities granted approvals after ensuring compliance with international quality and safety standards. The Marine Fisheries Department continues to monitor the process. It ensures that all seafood exports meet strict hygiene, processing, and packaging requirements set by global markets. Officials said this progress reflects Pakistan’s improving regulatory framework. It also highlights the growing credibility of its seafood industry on the global stage. Access to Wider Eurasian Markets The development is expected to extend beyond Russia. The minister noted that entry into the Russian market could open pathways to the Eurasian Economic Union, which includes several emerging economies. These countries present strong demand for seafood imports. Limited domestic production and rising consumption have created opportunities for exporters like Pakistan. Officials believe this access will help Pakistan expand its presence in Central Asia and Eastern Europe. It will also diversify export destinations and reduce reliance on traditional markets. Export Revenue Likely to Increase Pakistan currently earns more than $500 million annually from seafood exports. However, officials expect a sharp increase following entry into the Russian market. The minister projected that exports could rise to $800 million in the near future. He added that exports to Russia alone may generate around $300 million in initial revenue. This growth will benefit multiple sectors. It will support fishermen, processing units, exporters, and logistics providers. It will also contribute to strengthening Pakistan’s foreign exchange reserves. Multiple Trade Routes to Support Exports Authorities plan to use sea, air, and land routes to transport seafood exports. This approach will help maintain product freshness and ensure timely delivery. The minister highlighted the importance of land connectivity with Central Asia. He said land routes provide a cost-effective trade corridor for exporters. Countries such as Kazakhstan, Uzbekistan, and Turkmenistan have shown strong demand for Pakistani fish. Improved logistics will allow exporters to meet this demand efficiently. Pakistani Ports Play Key Role Pakistan’s ports continue to support the expansion of seafood exports. Their strategic location connects South Asia with Central Asia and beyond. Officials stressed the need to improve port infrastructure further. Investments in cold storage, handling facilities, and faster clearance systems remain essential. The minister said ongoing upgrades will enhance export capacity. They will also reduce costs and improve efficiency in the supply chain. Competitive Advantage in Global Markets Pakistan’s warm-water fish species offer a natural advantage in international markets. These products are known for their quality, taste, and nutritional value. The minister expressed confidence that Pakistani seafood can compete globally. He emphasized the importance of maintaining international standards to sustain growth. Authorities are also working to modernize the fisheries sector. Efforts include improving processing facilities, upgrading storage systems, and strengthening quality control. Future of Fisheries Sector The approval for Pakistani fish exports to Russia signals a positive shift for the fisheries sector. It reflects Pakistan’s growing ability to meet global trade requirements. Industry experts expect increased investment and job creation as exports expand. The move may also encourage innovation and improve competitiveness. Officials plan to explore additional markets in the coming months. Continued focus on quality and infrastructure will remain key to long-term success.

Iranian President Meets Field Marshal Asim Munir in Tehran for Key Security Talks
Pakistan

Iranian President Meets Field Marshal Asim Munir in Tehran for Key Security Talks

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The Iranian President, Masoud Pezeshkian, held a high-level meeting with Pakistan’s Chief of Defence Forces, Asim Munir, in Tehran, marking a significant step in strengthening bilateral ties between the two neighboring countries. The meeting comes at a time when regional security and diplomatic coordination remain critical across the Middle East and South Asia. Read More: https://theboardroompk.com/pakistan-eu-business-forum-set-for-april-28-29-featuring-gsp-scheme-and-b2b-engagements/ Officials from both sides described the engagement as constructive and forward-looking. The Iranian government also shared images of the meeting on the social media platform X, underscoring the importance of the discussions. High-Level Delegations Participate in Talks Senior officials from both countries attended the meeting. Pakistan’s Interior Minister Mohsin Naqvi joined the delegation, reflecting Islamabad’s focus on internal and regional security cooperation. Iran’s Foreign Minister Abbas Araghchi also participated, signaling Tehran’s diplomatic commitment to strengthening ties with Pakistan. During the talks, both sides discussed a range of issues. These included border security, counterterrorism efforts, and regional stability. Officials emphasized the need for coordinated strategies to address shared challenges. The presence of top civilian and military leadership highlighted the seriousness of the engagement. Analysts believe such meetings can pave the way for improved intelligence sharing and stronger defense cooperation between the two nations. Visit to Khatam al-Anbiya Headquarters Earlier, Field Marshal Asim Munir visited the central Khatam al-Anbiya Headquarters in Tehran. The headquarters plays a key role in Iran’s military operations and strategic planning. Lieutenant General Abdollahi welcomed the Pakistani army chief upon arrival. The two military leaders held detailed discussions on matters of mutual interest. They focused on enhancing military coordination and ensuring stability along shared borders. The visit also included a briefing on Iran’s defense structure and operational capabilities. Officials said the exchange of views remained productive and aimed at building mutual trust. Engagement with Iranian Parliament Leadership As part of his official visit, Field Marshal Asim Munir also met Mohammad Bagher Ghalibaf, the Speaker of Iran’s Parliament and head of the negotiating team. During the meeting, Ghalibaf emphasized Iran’s desire for lasting peace in the region. He stated that the Islamic Republic seeks comprehensive and genuine stability not only for Iran but for neighboring countries as well. “I hope those who initiated conflict and now seek to end it will demonstrate sincerity through their actions,” Ghalibaf said during the discussions. He also pointed to challenges in achieving long-term peace. According to him, repeated breaches of commitments have hindered progress in regional diplomacy. His remarks reflected Iran’s cautious stance on ongoing geopolitical developments. Focus on Regional Peace and Stability The discussions between the Iranian president and Pakistani military leadership come amid evolving regional dynamics. Tensions in parts of the Middle East continue to influence security strategies across the region. Both countries share a long border and face similar security concerns. These include cross-border militancy, smuggling, and economic challenges. Strengthening coordination remains a priority for both governments. Officials stressed the importance of dialogue and cooperation. They agreed that sustainable peace requires consistent engagement and mutual understanding. The meeting also highlighted the role of diplomacy in addressing complex regional issues. Experts note that Pakistan and Iran have maintained a delicate but important relationship over the years. High-level visits such as this one often help reset priorities and build confidence between the two sides. Strategic Importance of the Visit The meeting between the Iranian president and Field Marshal Asim Munir holds strategic significance. It reflects both countries’ willingness to engage at the highest levels on critical issues. The visit also signals a broader effort to enhance bilateral cooperation. This includes not only defense ties but also political and economic engagement. Observers believe that continued dialogue can lead to improved coordination in regional forums. It may also help both countries respond more effectively to emerging challenges. As geopolitical uncertainties persist, such interactions become even more crucial. They provide a platform for aligning strategies and promoting stability in a volatile region. The Iranian president’s engagement with Pakistan’s top military leadership underscores a shared commitment to peace, security, and cooperation. Both sides appear keen to translate discussions into practical outcomes in the coming months.

Formalization Key to Boost Exports, Tax Revenue and Manufacturing Quality: Jam Kamal Khan
Pakistan

Formalization Key to Boost Exports, Tax Revenue and Manufacturing Quality: Jam Kamal Khan

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Islamabad, April 16, 2026: Federal Minister for Commerce Jam Kamal Khan said that Pakistan’s exports will remain constrained unless the country’s large informal sector is brought into the formal economy, stressing that formalization would not only enhance export growth but also increase tax revenues and improve the overall quality of manufacturing. Read More: https://theboardroompk.com/nbp-appoints-cricket-legend-shahid-afridi-as-sports-consultant/ He expressed these views during a meeting with Mohammad Haris Agar, Director of Agar International (Pvt) Limited, where both sides discussed key challenges in Pakistan’s taxation system, trade structure, and economic documentation. During the discussion, it was highlighted that despite Pakistan’s large economic base, revenue generation—estimated around Rs15 trillion—remains limited due to a narrow tax net and weak enforcement. Large segments of the economy, including agriculture, retail, and small businesses, continue to operate outside the formal system, placing an excessive burden on compliant and registered sectors. The Minister emphasized that the current imbalance discourages growth, as documented businesses bear higher tax and compliance costs, while undocumented players remain outside the regulatory framework. He noted that unless incentives and reforms are introduced to encourage voluntary compliance, the transition toward a documented economy would remain slow. During the meeting disparities in the taxation structure between commercial importers and industrial sectors, where both are often treated similarly despite fundamental operational differences. It was observed that the existing reliance on upfront taxation and limited traceability mechanisms creates inefficiencies and fails to accurately capture value addition across the supply chain. Mr. Haris Agar underlined that while policies exist to differentiate between sectors, ground realities often reflect a dominance of commercial activity with minimal industrial value addition in certain segments, pointing to gaps between policy intent and implementation. Both sides agreed that a shift toward goods-based taxation, improved documentation, and supply chain traceability is essential. The Minister reiterated that bringing SMEs and informal businesses into the formal economy through facilitation, incentives, and gradual reforms is critical for sustainable growth. He concluded that a more inclusive and transparent economic framework would not only broaden the tax base but also strengthen Pakistan’s export competitiveness and industrial development in the long term.

NBP Appoints Cricket Legend Shahid Afridi as Sports Consultant
Pakistan

NBP Appoints Cricket Legend Shahid Afridi as Sports Consultant

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Karachi 16th April 2026: National Bank of Pakistan has formally announced that legendary cricketer Shahid Afridi has joined NBP as a Sports Consultant. The appointment marks a significant step in strengthening the Bank’s long-standing commitment to the development of sports in Pakistan. Read More: https://theboardroompk.com/400-acre-small-industrial-estate-to-be-developed-at-port-qasim-with-ready-infrastructure/ Renowned for his remarkable achievements, Shahid Afridi held the record for the fastest One Day International (ODI) century for 17 years, a testament to his exceptional talent and impact on the game.On the occasion, Mr. Rehmat Ali Hasnie, President of NBP, along with senior executives, warmly welcomed Shahid Afridi to the organization. In his remarks, Mr. Rehmat Ali Hasnie said, “We are honored to have Shahid Afridi join NBP Sports. His unparalleled experience, leadership, and passion for the game will greatly contribute to our mission of promoting sports excellence and developing talent at both grassroots and professional levels.” Addressing a ceremony held at the NBP Head Office, Shahid Afridi stated that he has joined NBP Sports with the aim of elevating its sports programs to the highest level. He acknowledged the pivotal role played by NBP in promoting sports across the country and highlighted its legacy of producing renowned athletes. He further expressed his commitment to nurturing emerging talent and helping develop future sports stars through NBP’s platform. The addition of Shahid Afridi reinforces NBP’s vision of advancing sports in Pakistan and empowering the next generation of athletes.

The Boardroom PK delivers trusted business news, analysis, and insights from Pakistan and beyond, keeping readers informed, inspired, and ahead in the evolving world of business and leadership.

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