Pakistan Archives - Page 38 of 142

Karandaaz, Tapsys Partner to Drive Digital Payments for 10,000 Merchants

Web Desk / May 22, 2026

Karachi, May 22, 2026 – Karandaaz Pakistan has formalised a partnership with Tapsys under its Raast Merchant Onboarding & Facilitating Entities (RMOFE) programme to support digital payment adoption among up to 10,000 micro and small merchants across Pakistan. The partnership will focus on merchant onboarding, activation, and the use of smart soundbox technology to provide real-time audio transaction confirmation in local languages. The initiative is designed to address practical barriers that continue to limit digital payment usage at the grassroots level, including limited familiarity with digital tools and the need for instant, reliable payment confirmation in busy retail environments. Through this collaboration, Karandaaz and Tapsys aim to support the shift from digital payment infrastructure to active merchant-level usage, particularly in underserved markets. Tapsys, a digital payments enablement company with an operational presence across 85 cities, specialises in expanding merchant acceptance in Tier 2 and Tier 3 markets. Under the partnership, the company will deploy its on-ground expertise and PayApp platform to support Raast-enabled merchant payments. Commenting on the partnership, Waqas ul Hasan, Chief Executive Officer of Karandaaz Pakistan, said:“Micro and small merchants are central to Pakistan’s transition towards a more inclusive digital economy. Through the RMOFE programme, Karandaaz is focused on supporting practical, market-facing solutions that move digital payments beyond infrastructure and into everyday business use. Our partnership with Tapsys is aligned with the national vision for a Cashless Pakistan and aims to address the trust and usability barriers that limit adoption at the merchant level. By enabling locally relevant tools such as real-time payment confirmation, we hope to support wider acceptance of digital financial services in underserved markets where the need and potential impact are significant.” Highlighting the importance of simple and locally relevant payment tools for small merchants, Karim Jindani, Chief Executive Officer of Tapsys, said: “Our mission is to simplify digital payments for the segments that have traditionally been left behind. By integrating Raast payments with smart soundbox technology, we are giving micro-merchants the confidence to transition away from cash. This partnership with Karandaaz allows us to scale our PayApp platform and on-ground expertise, ensuring that digital financial empowerment is not restricted to major urban centres but becomes a nationwide reality.” The partnership reinforces Karandaaz’s focus on supporting innovations that respond to real-world adoption challenges and contribute to more inclusive digital financial growth across Pakistan.

Pakistan

PTCL and Mercantile Pakistan Announce Strategic Partnership for the Promotion of Apple MacBook Neo

Press Release / May 22, 2026

Islamabad, May 22, 2026: Pakistan Telecommunication Company Limited (PTCL), Pakistan’s leading integrated information and communication technology (ICT) company, has entered a strategic partnership with Mercantile Pakistan, the authorised distributor & service provider of Apple products in Pakistan. In pursuance of the partnership, PTCL will facilitate customer access to Apple MacBook Neo through its established digital channels: Flash Fiber Website, and dedicated support helpline. A structured incentive framework supports the initiative, in which customers will receive vouchers worth PKR 30,000. Additionally, subscribers of PTCL’s Flash Fiber will benefit from a complimentary 100 Mbps internet bolt-on, valid for a period of twelve months. This collaboration represents a significant step in the ongoing efforts of both organisations to advance the accessibility of premium tech products within Pakistan’s rapidly evolving digital marketplace. PTCL and Mercantile Pakistan remain committed to identifying opportunities that generate meaningful value for their respective customer bases and contribute to the broader development of Pakistan’s digital economy. Commenting on the development, Amad Khan, VP Wireline, PTCL, said, “PTCL’s digital platforms have consistently served as an effective vehicle for delivering value-added propositions to our customers, and this collaboration with Mercantile Pakistan is a further expression of that capability. Enabling access to Apple MacBook Neo through our channels addresses a genuine demand among our customer base for the latest products delivered through a trusted medium.” Endorsing the partnership, Chief Executive Officer, Mercantile Pakistan, Nauman Durrani said, “Mercantile Pakistan has long been committed to expanding the reach of Apple’s technology within the country, and our partnership with PTCL provides a well-established channel to fulfil that objective. PTCL’s extensive customer base and digital infrastructure make it an ideal partner, and we are confident that this association will yield tangible outcomes for consumers who seek access to best-in-class personal computing solutions.” The alliance with Mercantile Pakistan further consolidates PTCL’s positioning as an integrated technology and digital solutions provider, extending its role beyond telecommunications infrastructure to encompass broader digital lifestyle enablement.

Pakistan

Mecom Gas Considers IPO to Build LPG Storage Facility in Pakistan

Web Desk / May 22, 2026

Mecom Gas Pvt Ltd is considering launching a Mecom Gas IPO on the Pakistan Stock Exchange to raise $20 million for the construction of a new liquefied petroleum gas storage facility. According to a report by Bloomberg, the Pakistani LPG marketing and distribution company is currently in discussions with Arif Habib Ltd. regarding advisory services for the proposed initial public offering. Company Plans Major LPG Storage Expansion Mecom Gas imports liquefied petroleum gas from Middle Eastern countries and distributes it across Pakistan. Chief Executive Officer Kamran Afzal said the company plans to use IPO proceeds to develop 3,000 tons of LPG storage capacity. The proposed expansion comes at a time when Pakistan’s energy sector is facing mounting pressure due to regional instability and rising fuel costs. Kamran Afzal said increasing storage capacity would help stabilize supply and reduce the impact of sharp price fluctuations in the local LPG market. Pakistan Energy Sector Under Pressure According to the report, Pakistan’s energy sector is experiencing growing challenges linked to the ongoing conflict involving Iran. Pakistan relies heavily on Gulf countries for oil and gas imports, making the country vulnerable to international market disruptions and geopolitical tensions. The country also continues to face balance of payments pressure as rising import costs increase economic strain. Recent data showed Pakistan’s current account returned to deficit in April after a surge in imports driven mainly by higher global oil prices. LPG Prices Double in Six Months Kamran Afzal stated that Pakistan’s LPG sector is also dealing with serious supply disruptions and rising prices. According to the CEO, LPG prices in Pakistan have doubled during the last six months due to international market uncertainty and regional conflict. He explained that expanding storage facilities has become increasingly important to manage supply risks and protect the market from sudden price shocks. Kamran Afzal added that Pakistan’s LPG storage capacity needs to more than double to create adequate reserves for the country. IPO Could Support Energy Security Industry analysts believe the Mecom Gas IPO could strengthen private sector investment in Pakistan’s energy infrastructure at a time when energy security remains a major concern. Additional storage capacity may help reduce short term supply shortages and improve the country’s ability to manage fluctuations in imported fuel prices. The development also highlights increasing interest among Pakistani energy firms in raising capital through the stock market for long term infrastructure projects.

Pakistan

Saad Edhi Among 430 Volunteers Released After Gaza Aid Mission Detention

Web Desk / May 22, 2026

Pakistani humanitarian activist Saad Edhi and 430 international volunteers associated with the Global Sumud Flotilla have been released after being detained by Israeli forces during a humanitarian mission aimed at delivering aid to Gaza. According to reports, Saad Edhi and other volunteers were transferred to Türkiye following their release from Israeli custody. The humanitarian workers were reportedly deported by Israeli authorities after their detention at sea. Ishaq Dar Confirms Saad Edhi’s Release Deputy Prime Minister Ishaq Dar confirmed that Saad Edhi had been released after what he described as illegal detention by Israeli occupation forces. In a statement shared on X, Ishaq Dar said the Pakistani government made concerted diplomatic efforts to secure the release of the humanitarian workers. He added that Saad Edhi and the other detained volunteers safely arrived in Istanbul after being released from custody. Global Sumud Flotilla Was Carrying Aid to Gaza The 430 volunteers, including Saad Edhi, were travelling aboard the Global Sumud Flotilla to deliver humanitarian assistance to civilians in Gaza. The mission aimed to transport relief supplies to Palestinians affected by the ongoing humanitarian crisis in the besieged territory. According to organisers, the aid convoy departed from Marmaris in Türkiye on May 14, 2026. More than 500 humanitarian workers and volunteers from different countries participated in the mission. Saad Edhi was representing the Edhi Foundation during the international humanitarian campaign. Activists Claim Israeli Forces Used Force Human rights organisation Adalah stated that Israeli authorities detained the humanitarian workers before deporting them. Moments before his detention, Saad Edhi reportedly released an emergency video statement from the vessel. The footage allegedly showed Israeli forces carrying out operations against the aid mission at sea. The Edhi Foundation and international volunteers described the flotilla as a peaceful humanitarian effort aimed at helping Palestinian civilians. Activists claimed Israeli forces used force to intercept the convoy and detain the aid workers despite the non military nature of the mission. Humanitarian Concerns Over Gaza Continue The interception of the Global Sumud Flotilla comes amid growing international concern over the humanitarian situation in Gaza. Aid organisations have repeatedly called for unrestricted humanitarian access to civilians facing shortages of food, medicine, fuel, and medical supplies. Human rights groups and international activists continue to demand safe humanitarian corridors for relief missions heading toward Gaza. The release of Saad Edhi and other volunteers has drawn widespread attention in Pakistan and among humanitarian organisations globally.

Pakistan

QR Code Electricity Bill Scam Alert Issued by Power Division

Web Desk / May 22, 2026

The Ministry of Energy’s Power Division has issued a nationwide warning about a growing QR code electricity bill scam targeting electricity consumers across Pakistan. Officials said cybercriminals are attempting to misuse the newly introduced QR code verification system by creating fake subsidy registration links and stealing personal information from users. According to the Power Division, hackers and fraudsters are misleading consumers by pretending to offer government subsidy registration services. Authorities warned that several fraudulent campaigns are circulating online and through unofficial platforms to trap people into sharing sensitive data. Power Division Warns Consumers About Fraud A spokesperson for the Power Division said malicious actors are exploiting public awareness regarding the new QR code registration system introduced for electricity bill subsidies. These individuals reportedly ask consumers to click on suspicious links and complete a fake verification process. Officials explained that consumers are guided through a four step procedure in which they are asked to enter personal details. After providing information, users are allegedly instructed to submit a six digit verification code on the same fraudulent platform. The spokesperson strongly warned consumers against entering any information on unofficial websites, social media links, or paper based forms claiming to offer subsidy registration services. Authorities clarified that all legitimate verification procedures are connected only to the official QR code printed directly on electricity bills issued by distribution companies. Personal Information at Risk The Power Division emphasized that the QR code electricity bill scam is designed to steal personal and financial information from citizens. Cybercriminals may misuse the stolen data for illegal activities, including identity theft and financial fraud. Officials urged consumers to remain cautious and avoid sharing details such as CNIC numbers, mobile phone numbers, bank information, passwords, or verification codes with unknown individuals or websites. The spokesperson stated that law enforcement agencies have already been informed about the fraudulent activities. Authorities are reportedly working to identify those involved in the scam and prevent further exploitation of electricity consumers. Consumers were also advised not to trust calls, text messages, WhatsApp messages, or social media advertisements claiming to provide fast track subsidy registration services. New QR Code Verification System Explained The federal government recently introduced a new QR code verification mechanism for subsidised electricity users. Under the updated system, consumers receiving government electricity subsidies must complete registration through the QR code printed on their monthly electricity bills. According to officials, consumers need to scan the QR code and complete the registration process through the official online portal linked to the bill. The government says the initiative aims to improve transparency and ensure that electricity subsidies reach deserving households, especially low income and protected consumers. Officials clarified that the registration process should not be misunderstood as an attempt to end electricity subsidies. Subsidies for Protected Consumers Will Continue The Power Division reassured the public that subsidies for low electricity consuming households are not being removed. Instead, the registration system has been introduced to improve targeting and prevent misuse of government relief programs. “This registration process is only intended to ensure that relief reaches poor and low electricity consuming households,” the spokesperson said. Officials further stated that the system would help authorities identify genuine beneficiaries and improve accountability in the distribution of subsidies. The clarification came after concerns spread on social media suggesting that the government planned to discontinue subsidies for protected consumers. Consumers Asked to Use Only Official Channels The Power Division advised consumers to use only official channels linked directly to their electricity bills for QR code registration. Citizens were urged to avoid clicking on unknown links or scanning QR codes shared through social media platforms, emails, or messaging applications. Officials said awareness among consumers is essential to prevent online fraud and protect sensitive personal information. The ministry also encouraged consumers to report suspicious messages and fraudulent subsidy offers to relevant authorities immediately.

Pakistan

Pakistan to Build Strategic Oil Buffers with Gulf Partners at Gwadar

Web Desk / May 22, 2026

Pakistan is moving forward with plans to establish strategic oil reserves in an upcoming Energy City at Gwadar Port. This initiative aims to enhance national energy security by inviting oil-producing nations to build crude oil buffers. Read More: https://theboardroompk.com/ecc-membership-expanded-as-pm-shehbaz-includes-khalid-maqbool-siddiqui/ Strategic Partnerships with Gulf Nations The government is actively engaging countries like Kuwait and Saudi Arabia for investment in these reserves. Kuwait has already shown strong interest in the project.Energy Security in Emergencies In case of crises such as war or supply disruptions, Pakistan will have priority access to these stored reserves. This setup will provide a reliable backup for domestic needs. The plan marks a shift from an earlier stalled oil city concept at Gwadar. Officials are now focusing on a broader Energy City that will include LNG and LPG terminals alongside oil storage facilities. A high-level committee is identifying suitable sites in Balochistan for new ports and the Energy City location. This comprehensive approach aims to boost Pakistan’s role as a regional energy hub. Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry recently invited the Kuwaiti Ambassador to explore investment opportunities. Discussions covered fuel storage, bonded terminals, and port infrastructure projects.The minister highlighted Pakistan’s potential in logistics and energy transit. He proposed rental-based bonded storage facilities to support regional trade flows. Reviving Saudi Interest Pakistan is also hopeful about renewed engagement with Saudi Arabia following a recent defence pact. Earlier plans for a Saudi oil refinery at Gwadar had slowed down. The Pakistan Maritime Energy City (PMEC) initiative will cater to both domestic and international storage needs. It forms part of the government’s long-term “Hundred Years Vision 2047-2147”. A 12-member multi-agency committee is working on site selection for new deep-sea ports. This will strengthen maritime infrastructure along the coastline. Experts believe these reserves will reduce vulnerability to global oil supply shocks. The project could attract significant foreign investment and create jobs in Balochistan. Pakistan has already demonstrated its capability in handling transshipment cargo amid regional tensions. Officials aim to leverage this momentum for energy logistics. The government is consulting provincial stakeholders before finalizing plans. This inclusive approach seeks to ensure smooth implementation of the Energy City project.

Pakistan

Pakistan’s FX Reserves Surge to $22.6 Billion on IMF and Panda Bond Inflows

Web Desk / May 22, 2026

Pakistan’s foreign exchange reserves recorded a strong recovery in mid-May 2026, with total liquid reserves reaching $22.6 billion, reflecting a notable improvement in the country’s external financial position. Read More: https://theboardroompk.com/ecc-membership-expanded-as-pm-shehbaz-includes-khalid-maqbool-siddiqui/ According to the State Bank of Pakistan, the central bank’s reserves increased by $1.214 billion during the week ended May 15, taking total SBP reserves to $17.081 billion. The increase was primarily supported by disbursements received from the International Monetary Fund under the Extended Fund Facility and Resilience and Sustainability Facility. The reserves were also strengthened by proceeds from Pakistan’s inaugural Panda Bond issued in the Chinese market. Meanwhile, commercial banks held approximately $5.5 billion in reserves, contributing to the country’s total liquid reserves of $22.6 billion. The improvement in reserves is expected to reduce immediate pressure on Pakistan’s external account and provide greater flexibility in managing import payments and external debt obligations over the coming months. Analysts believe the development sends a positive signal regarding foreign exchange market stability, although dependence on external financing and borrowings remains a concern due to ongoing debt servicing requirements. The Pakistani rupee also showed relative stability in the interbank market, gaining slightly to close at Rs278.55 against the US dollar. Analysts say stronger reserve buffers could improve investor confidence and support future negotiations with international lenders and financial institutions. Market experts noted that fluctuations in global commodity prices are likely to continue influencing reserve movements in the coming months. Despite weakness in international markets, gold prices in Pakistan rose sharply due to domestic market adjustments. Higher reserves have also improved Pakistan’s import cover ratio, a key indicator for sustaining economic activity in an import-dependent economy. Experts emphasized that while multilateral inflows have provided short-term relief, long-term foreign exchange stability will depend on sustained growth in exports and remittances.

Pakistan

ECC Membership Expanded as PM Shehbaz Includes Khalid Maqbool Siddiqui

Web Desk / May 22, 2026

Prime Minister Shehbaz Sharif on Thursday approved an increase in ECC membership by including Federal Minister for Education Khalid Maqbool Siddiqui in the Cabinet’s Economic Coordination Committee. The move comes as the government continues efforts to strengthen economic decision making and coordination at the federal level. According to an official statement, the prime minister expressed confidence that Khalid Maqbool Siddiqui would actively participate in the committee’s work and contribute toward national development and economic progress. “I am hopeful that Khalid Maqbool Siddiqui will play an active role as a member of the ECC and will make his full contribution toward the development of the country and the nation,” the prime minister said. ECC Holds Key Role in Economic Decisions The Economic Coordination Committee remains one of the most influential cabinet bodies in Pakistan. The committee handles major economic and financial matters and reviews urgent policy decisions before they receive formal approval from the federal cabinet. The ECC membership includes senior federal ministers and top government officials linked to finance, trade, energy, planning, and economic affairs. The committee works as a fast track platform for addressing pressing economic challenges facing the country. Officials say the body plays a central role in decisions related to subsidies, import policies, energy pricing, financial approvals, and economic reforms. Finance Minister Usually Chairs ECC Meetings The committee operates under the federal cabinet and is generally chaired by the Finance Minister. However, Prime Minister Shehbaz Sharif may chair meetings when necessary, especially during periods of major economic importance or policy discussions. The addition of Khalid Maqbool Siddiqui is being viewed as an effort to broaden representation within the committee and strengthen coordination between different ministries. Government officials believe expanding ECC membership can improve policy consultation and help ministries work more closely on economic priorities linked to education, development, and public welfare. Government Focuses on Economic Stability The development comes at a time when Pakistan continues to face economic challenges linked to inflation, fiscal reforms, and global financial uncertainty. The government has recently increased efforts to stabilise the economy through policy reforms and coordination with international financial institutions. Analysts say decisions taken by the ECC directly influence economic management and investor confidence. The committee’s role has become increasingly important as Pakistan works on fiscal planning, development projects, and economic recovery measures. The latest inclusion in the ECC membership reflects the government’s attempt to strengthen institutional participation in economic governance and decision making.

Pakistan

Punjab Government Tightens Airport Safety Under Section 144

Web Desk / May 22, 2026

The Punjab home department has imposed Section 144 within a 13 kilometer radius around Pakistan Air Force bases and commercial airports across the province for a period of 30 days. The restrictions were introduced to improve aviation safety and prevent activities that could endanger aircraft operations and passenger security. According to the official notification, authorities have banned pigeon flying, the use of laser lights, and the throwing of meat or waste materials near airport areas. Officials warned that such activities attract birds and create debris hazards that can interfere with aircraft movement and flight safety. The order was issued under Section 144 subsection 6 of the Criminal Procedure Code. Authorities said the measures are necessary to protect human lives, public property, and aviation operations throughout Punjab. Restrictions Introduced for Flight Safety Officials stated that bird activity near airports remains a major concern for aviation authorities because bird strikes can damage aircraft engines and create dangerous situations during take off and landing. The use of laser lights has also been prohibited because laser beams can distract pilots and affect visibility during critical stages of flight operations. Authorities further warned against dumping meat, garbage, or other waste near airports because such waste attracts birds and stray animals toward runways and airport surroundings. Special cleanliness arrangements will now be implemented around airports to reduce safety risks. Law enforcement agencies have been directed to strictly enforce the restrictions during the 30 day period. Authorities Increase Monitoring Around Airports Officials said airport security and local administration teams will monitor airport surroundings closely to ensure compliance with the newly imposed restrictions. The government believes stronger monitoring and preventive measures are essential to maintaining safe aviation operations, especially around busy commercial airports and sensitive military installations. The decision also reflects growing concerns over incidents involving animals and birds near airport runways in different parts of the country. Dog Incident at Karachi Airport Raised Safety Concerns The latest safety measures come shortly after a dog was spotted on the runway at Jinnah International Airport moments before the departure of a domestic flight. According to sources, the captain of an Airblue flight informed air traffic control after noticing the animal on the runway before take off. The Karachi to Islamabad flight PA 208 had already reached the take off point and was waiting for final clearance on Monday night when the incident occurred. Sources said air traffic control had initially cleared the aircraft for departure. However, safety procedures were activated immediately after the animal was reported near the runway. A spokesperson for the Pakistan Airports Authority confirmed that airport officials handled the situation according to aviation safety protocols. The runway was secured and the flight later departed safely for Islamabad. Aviation Safety Remains Priority Aviation experts say strict monitoring around airports is necessary because even small disruptions can create serious safety risks during aircraft operations. Bird strikes, laser interference, and animal intrusions remain common aviation concerns globally. Authorities in Pakistan are now increasing preventive measures to reduce such incidents and improve operational safety standards at airports. Officials added that public cooperation will play an important role in ensuring the success of the restrictions imposed under Section 144.

Pakistan

Pakistan Agrees to IMF Primary Surplus Target for FY2027 28

Web Desk / May 21, 2026

Pakistan has reaffirmed its commitment to economic reforms after the IMF mission concluded talks in Islamabad with a pledge to achieve an IMF primary surplus target of 2% of gross domestic product in fiscal year 2027 28. The discussions focused on fiscal discipline, monetary policy, structural reforms, and the broader economic outlook amid regional and global challenges. The International Monetary Fund mission completed its visit on Wednesday after holding detailed discussions with officials from the finance ministry and other economic institutions. The talks mainly reviewed Pakistan’s economic progress, reform implementation, and fiscal plans for the upcoming financial year. The IMF delegation was led by advisor Iva Petrova. The mission remained in Islamabad from May 13 to May 20. Officials discussed the economic impact of the ongoing conflict in the Middle East and its effect on energy prices and market stability. Pakistan Commits to Fiscal Discipline According to the IMF statement, Pakistani authorities agreed to maintain strict fiscal discipline by targeting a primary surplus of 2 percent of GDP in FY2027 28. The lender described the discussions as constructive and appreciated the government’s continued commitment to economic reforms. The IMF primary surplus target reflects the government’s attempt to strengthen public finances and improve investor confidence. A primary surplus means the government plans to collect more revenue than its non interest spending. Officials believe this target will help reduce economic vulnerabilities and improve Pakistan’s financial position under the ongoing IMF programme. Earlier this month, the IMF approved fresh funding of nearly 1.32 billion dollars for Pakistan. The country remains under a 7 billion dollar IMF support programme designed to stabilise the economy and support reforms. State Bank Maintains Tight Monetary Policy The IMF also highlighted the role of the State Bank of Pakistan in controlling inflation and stabilising the economy. According to the statement, the central bank has committed to maintaining an appropriately tight monetary policy stance. The IMF said the SBP will closely monitor inflation risks, especially after the increase in global energy prices. Officials fear that rising fuel and commodity prices could create second round inflationary effects in the local economy. The lender stressed that exchange rate flexibility should continue to absorb external shocks. It also encouraged Pakistan to deepen its foreign exchange interbank market to improve financial stability and investor confidence. Economic experts believe stable exchange rate management and controlled inflation remain critical for Pakistan as the country continues to recover from previous financial pressures. Structural Reforms Remain Key Focus During the visit, both sides also reviewed progress on structural reforms under the IMF supported programmes. The discussions included reforms in the energy sector, state owned enterprises, product markets, and the financial sector. The IMF said these reforms are necessary to support long term growth and attract quality private investment into Pakistan. Energy sector reforms remained a major point of discussion. Pakistan continues to face circular debt issues and pressure from rising subsidy costs. Officials also reviewed progress on power subsidy reforms under the Resilience and Sustainability Facility programme. The IMF further discussed climate related financial planning with Pakistani authorities. The talks included plans to adopt a disaster risk financing framework and integrate climate considerations into budget and investment decisions. These reforms aim to strengthen Pakistan’s economic resilience against climate related disasters and financial shocks. IMF Sees Significant Progress in Pakistan Economy Last week, the IMF stated that Pakistan had made significant progress under the reform programme supported by the Extended Fund Facility and the Resilience and Sustainability Facility. The lender said Pakistan’s policy implementation helped preserve macroeconomic stability despite challenges created by global uncertainty and the Middle East conflict. According to the IMF, fiscal performance remained strong and Pakistan is expected to achieve a primary surplus of 1.6 percent of GDP during FY2026 in line with programme targets. The report noted that inflation increased due to higher global commodity prices and rising domestic energy costs. However, the IMF acknowledged that overall economic indicators showed improvement. Pakistan’s growth momentum improved during the first half of the current fiscal year. The current account also remained broadly balanced while foreign exchange reserves increased beyond earlier expectations. The IMF said Pakistan’s reserves reached nearly 16 billion dollars by the end of December compared to 14.5 billion dollars earlier in the year. Total disbursements under both IMF programmes now stand at around 4.8 billion dollars. Budget Talks to Continue The IMF confirmed that discussions on Pakistan’s FY2027 budget will continue in the coming days. Another IMF mission is expected during the second half of 2026 for the Article IV consultation and further reviews under the Extended Fund Facility and the Resilience and Sustainability Facility. Officials hope continued cooperation with the IMF will help Pakistan maintain economic stability, strengthen financial discipline, and attract international investment in the coming years.

Pakistan

Karandaaz, Tapsys Partner to Drive Digital Payments for 10,000 Merchants

PTCL and Mercantile Pakistan Announce Strategic Partnership for the Promotion of Apple MacBook Neo

Mecom Gas Considers IPO to Build LPG Storage Facility in Pakistan

Saad Edhi Among 430 Volunteers Released After Gaza Aid Mission Detention

QR Code Electricity Bill Scam Alert Issued by Power Division

Pakistan to Build Strategic Oil Buffers with Gulf Partners at Gwadar

Pakistan’s FX Reserves Surge to $22.6 Billion on IMF and Panda Bond Inflows

ECC Membership Expanded as PM Shehbaz Includes Khalid Maqbool Siddiqui

Punjab Government Tightens Airport Safety Under Section 144

Pakistan Agrees to IMF Primary Surplus Target for FY2027 28

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