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Pakistan, India among South Asian Countries That Pivot to Renewables and Rationing as Fuel Crisis Intensifies
Pakistan

Pakistan, India among South Asian Countries That Pivot to Renewables and Rationing as Fuel Crisis Intensifies

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South Asian economies are rapidly deploying emergency measures to counter a deepening energy crisis triggered by the ongoing Iran war, which has disrupted global oil and gas supplies. Read More: https://theboardroompk.com/pakistan-proposes-peace-plan-to-reopen-strait-of-hormuz/ The region, heavily dependent on Middle Eastern energy, is facing soaring fuel costs and supply shortages, forcing governments to adopt both short-term fixes and long-term strategies. Diversification and Supply Management India, the region’s largest energy consumer, is leading efforts to diversify crude imports while expanding its strategic petroleum reserves to cushion supply shocks. Authorities are also accelerating renewable energy projects to reduce long-term reliance on imported fossil fuels, reflecting a structural shift in policy direction. Pakistan, meanwhile, has introduced austerity measures, including curbs on non-essential fuel consumption and rolling power outages to manage limited supply. The government is also seeking external support and exploring alternative supply arrangements to stabilise the domestic energy market. Rationing and Alternative Energy Push Bangladesh has opted for electricity rationing while expediting liquefied natural gas (LNG) imports to offset shortages. Officials are prioritising essential sectors to minimise economic disruption, even as higher import costs strain fiscal resources. Nepal, less dependent on fossil fuel imports, is expanding hydropower capacity to reduce vulnerability to external shocks. Sri Lanka, still grappling with economic fragility, has imposed strict fuel-use restrictions and is simultaneously exploring cleaner energy options to reduce dependence on volatile imports. The Maldives is also accelerating solar energy adoption while taking steps to stabilise fuel supply chains in the short term. Across the region, governments are balancing emergency responses with longer-term transitions toward energy security, though rising global prices and supply disruptions continue to pose serious risks to economic stability.

Pakistan Proposes Peace Plan to Reopen Strait of Hormuz
Pakistan

Pakistan Proposes Peace Plan to Reopen Strait of Hormuz

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Pakistan has presented a plan to Iran and the United States aimed at ending hostilities and potentially reopening the Strait of Hormuz. The initiative seeks to de-escalate tensions in the Persian Gulf following recent military strikes and disruptions to global oil routes. Read More: https://theboardroompk.com/asia-including-pakistan-faces-costlier-crude-as-saudi-raises-oil-prices/ The framework, developed by Pakistan, follows a two-tier approach: an immediate ceasefire and a comprehensive agreement to secure long-term peace. Ceasefire Proposal According to officials, all elements of the plan require prompt agreement. The initial understanding is structured as a memorandum of understanding to be finalized electronically through Pakistan, the sole channel for communication between the two sides. Under the proposal, the ceasefire would take effect immediately. This would allow commercial and oil shipping through the Strait of Hormuz to resume without delay. The strait is a critical chokepoint, accounting for nearly 20% of global oil trade. Islamabad Accord Negotiations would continue over 15–20 days to finalize a broader settlement, tentatively named the “Islamabad Accord.” The accord would establish a regional framework to manage the strait, with final in-person talks expected in Islamabad. Iran has previously indicated it seeks a permanent ceasefire. Tehran demands guarantees against future attacks by the United States and Israel. The Islamabad Accord is designed to address these concerns while ensuring maritime security for all parties. Diplomatic Engagement Pakistan’s army chief, Field Marshal Asim Munir, has reportedly maintained continuous contact with U.S. Vice President JD Vance, special envoy Steve Witkoff, and Iranian Foreign Minister Abbas Araqchi. Mediators, including Pakistan, Turkey, and Egypt, have also been engaged in discussions with Tehran. Officials say the plan envisions a phased approach. The ceasefire would be immediate, followed by negotiations for a lasting agreement. The accord would likely include Iranian commitments not to pursue nuclear weapons, in return for sanctions relief and the release of frozen assets. Regional Implications If successful, the Islamabad Accord could reduce tensions in the Persian Gulf and stabilize global oil markets. The closure of the Strait of Hormuz has already disrupted crude exports, pushed up fuel prices worldwide, and heightened inflationary concerns. Global energy markets are closely monitoring developments. The strait remains a strategic passage, and any breakthrough could reassure traders and investors. Analysts note that Pakistan’s diplomatic initiative represents a rare direct effort to mediate between Washington and Tehran. Observers say it could enhance Pakistan’s regional influence if both parties engage seriously. Challenges Ahead Despite intensified diplomatic efforts, Iranian officials have not yet committed to the proposal. Questions remain over the timeline for implementation, verification mechanisms, and enforcement of the accord. The United States has indicated willingness to discuss terms, but insists on clear assurances regarding Iran’s nuclear program and regional behavior. Tehran’s response will be critical in determining the viability of the plan. Officials stress that the success of the initiative depends on trust, timely communication, and adherence to the memorandum of understanding. Any delays or missteps could prolong hostilities and economic disruptions. Market and Security Watch Energy and security experts are closely tracking developments. The reopening of the Strait of Hormuz would immediately ease pressures on global crude prices and shipping logistics. Conversely, a rejection or delay could exacerbate instability in the region. Maritime authorities have prepared contingency plans to ensure safe passage if the ceasefire takes hold. Oil-exporting nations and international shipping companies are evaluating potential adjustments to routes and volumes in anticipation of the accord’s outcomes.

Asia, Including Pakistan, faces costlier crude as Saudi raises oil prices
Pakistan

Asia, Including Pakistan, faces costlier crude as Saudi raises oil prices

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KARACHISaudi Arabia has raised the official selling price (OSP) of its flagship Arab Light crude for Asian buyers to a record premium, reflecting tightening global supply conditions and escalating geopolitical tensions.The new premium has been set at $19.50 per barrel above the Oman/Dubai benchmark, marking the highest level ever recorded for the grade. Read More: https://theboardroompk.com/iran-rejects-trump-deadline-on-hormuz-warns-of-retaliation/ Geopolitical tensions drive pricing The price hike comes amid ongoing instability in the Middle East, particularly disruptions linked to tensions involving Iran and key shipping routes. The Strait of Hormuz, a critical oil transit chokepoint, has witnessed severe disruptions, raising concerns over global supply security and pushing oil prices upward. Around one-fifth of global oil supply passes through this route, making any disruption highly impactful for international markets. Market tightness and supply constraints The elevated premium reflects tightening crude availability, especially for Asian refiners, who are the largest buyers of Saudi oil. Supply disruptions and logistical constraints have reduced the flow of crude, forcing buyers to compete for limited cargoes. Saudi Arabia has also adjusted export routes and supply strategies, further contributing to market tightness and price escalation. Despite the record premium, the increase was reportedly lower than some market expectations, indicating a balance between supply concerns and demand realities. Analysts suggest that while geopolitical risks are driving prices higher, demand-side constraints are preventing even sharper increases. Global oil prices have surged significantly in recent months, with benchmark crude crossing the $100 per barrel mark amid heightened uncertainty. This trend has amplified inflationary pressures worldwide, particularly in oil-importing economies like Pakistan. Higher oil prices are expected to widen trade deficits, increase energy costs, and put additional pressure on currencies in emerging markets. For Asian economies, the rising premium translates into higher refining costs and potentially elevated fuel prices for consumers. Saudi Arabia’s pricing decisions often set the tone for other Middle Eastern producers, meaning the ripple effects of this move are likely to be felt across global oil markets.

Airblue Unveils Direct Flights: Lahore to Baku Just Got Easier!
Pakistan

Airblue Unveils Direct Flights: Lahore to Baku Just Got Easier!

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Get ready to explore the stunning capital of Azerbaijan, Baku, as Airblue announces an exciting new international route directly from Lahore! Starting May 2, 2026, travelers will have the convenience of two weekly flights, scheduled for Wednesdays and Saturdays, making your journey smoother than ever. Read More: https://theboardroompk.com/drone-soccer-becoming-a-new-game-in-chinas-tech-driven-sports/ Flight PA-468 will depart Lahore at 10:15 am, arriving in Baku at 12:15 pm local time. For your return, flight PA-469 will leave Baku at 1:30 pm, landing back in Lahore at 7:10 pm. This new connection is set to significantly boost travel options between Pakistan and Azerbaijan, benefiting both leisure tourists and business professionals. Baku has rapidly become a favorite destination for Pakistani visitors, thanks to its straightforward visa process, rich cultural landscape, and growing tourism facilities. Airblue’s new service promises to make this captivating city even more accessible.

Pakistan Railways Announces Major Relief for Passengers; PM Blocks 30% Rail Fare Hike
Pakistan

Pakistan Railways Announces Major Relief for Passengers; PM Blocks 30% Rail Fare Hike

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In a significant step aimed at providing relief to the public, the Prime Minister of Pakistan has directed that railway fares will not be increased, despite the recent rise in diesel prices. Read More: https://theboardroompk.com/auto-financing-surges-35-yoy-as-consumer-demand-rebounds/ The Government of Pakistan has decided to absorb the financial impact of increased fuel costs, ensuring that passengers are not burdened during the current economic conditions. According to official estimates, a 30% increase in train fares had become unavoidable to meet rising operational expenses. However, prioritizing public convenience and affordability, the Prime Minister has instructed Pakistan Railways to maintain existing fare levels across all classes, including Economy and Air-Conditioned (AC) categories. In addition, to support the business community and maintain economic activity, it has also been decided that freight train charges will remain unchanged. On the directive of the Prime Minister, the Government has undertaken an additional financial burden of Rs. 6 billion, which will be absorbed up to June 30. Minister for Railways, Muhammad Hanif Abbasi, appreciated the decision, stating that the Prime Minister has “won the hearts of passengers in difficult times.” He further termed the initiative as “a gift for the public,” emphasizing that railway travel will remain affordable and accessible for all segments of society. This decision reflects the Government’s commitment to public welfare, economic stability, and ensuring that essential transportation services remain within the reach of every citizen.

Auto Financing Surges 35% YoY as Consumer Demand Rebounds
Pakistan

Auto Financing Surges 35% YoY as Consumer Demand Rebounds

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Pakistan’s auto financing sector has shown a strong recovery, with total consumer auto loans reaching Rs337 billion in February 2026, reflecting a significant 35.3% year-on-year (YoY) increase, according to data compiled from the State Bank of Pakistan and Optimus Capital Management. Read More: https://theboardroompk.com/us-iran-attacks-public-opinion-why-americans-show-low-support-compared-to-past-wars/ On a monthly basis, financing grew 2.6% compared to Rs328 billion recorded in January 2026, indicating sustained momentum in vehicle financing demand. Recovery Driven by Easing Rates The steady rise in auto financing is largely attributed to improved consumer sentiment and relatively stable interest rates compared to previous years. Analysts note that after a prolonged slowdown caused by high borrowing costs and economic uncertainty, consumers are gradually returning to the auto market. The financing trend over the past year highlights a clear upward trajectory, with consistent monthly increases since early 2025. This reflects improving purchasing power and a gradual normalization in credit availability by banks. Banks Expand Lending Appetite Commercial banks appear to be regaining confidence in consumer lending, particularly in the auto segment. With inflation showing signs of stabilization and macroeconomic conditions slightly improving, financial institutions have expanded auto loan offerings and eased certain financing conditions. Market experts believe that competition among banks and aggressive marketing strategies have also played a key role in boosting disbursements. The availability of flexible installment plans and relatively lower down payment requirements has further supported demand. Despite the growth, analysts caution that the sustainability of this trend depends on broader economic stability. Any sharp increase in interest rates or inflationary pressures could dampen consumer appetite for auto loans. Looking ahead, the auto financing segment is expected to maintain its growth trajectory in the near term, supported by pent-up demand and improving economic indicators.

US Iran Attacks Public Opinion: Why Americans Show Low Support Compared to Past Wars
Pakistan

US Iran Attacks Public Opinion: Why Americans Show Low Support Compared to Past Wars

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US Iran Attacks Public Opinion has taken an unexpected turn, with early polling showing significantly lower public backing compared to previous American military interventions. In the days following military strikes ordered by Donald Trump, surveys indicate that Americans are far more divided than they were at the start of earlier conflicts. This trend is unusual in U.S. history, where public opinion traditionally rallies strongly behind presidents during the early phase of military action. The muted response highlights growing political polarization and changing public attitudes toward foreign conflicts. Polls Reveal Divided US Iran Attacks Public Opinion Initial surveys show wide variation in public support. Some polls report approval as low as 27 percent, while others suggest support nearing 50 percent. Even at the higher end, backing for the strikes remains considerably lower than the early days of major wars such as World War II, the Korean War, and the Iraq War. Historical comparisons show dramatic contrasts. After the Attack on Pearl Harbor, nearly 97 percent of Americans supported entering World War II. Similarly, following troop deployment in Afghanistan by George W. Bush, about 92 percent backed the decision. Even the controversial Iraq War initially saw approval levels around 76 percent. The current US Iran Attacks Public Opinion reflects a far more fragmented public response. Why Support Is Lower Than Previous Conflicts Experts argue that one major factor is communication. Previous administrations often spent months building a narrative before engaging in military action. This helped shape public understanding and support. In contrast, analysts suggest that the Iran strikes were not preceded by a lengthy public persuasion campaign. Without sustained messaging, many citizens remain uncertain about objectives, risks, and long-term consequences. Another important factor is political polarization. Over the past three decades, American politics has become increasingly divided. This shift has weakened what researchers call the “rally around the flag” effect a phenomenon where citizens typically unite behind the president during international crises. Political Divisions Shape US Iran Attacks Public Opinion Political loyalties now play a much stronger role in shaping reactions. Supporters of the sitting president may approve of the action, while opposition voters are less likely to rally behind it. This reduces the chances of a unified national response. Moreover, some voters who supported Trump did so because they believed he would avoid foreign wars. This perception creates tension between campaign expectations and military actions, further influencing public sentiment. Historical Pattern: Support Often Drops Over Time Public support for wars usually declines as conflicts drag on. During the Vietnam War, early backing eroded as casualties increased and costs became more visible. By the late 1960s, a majority of Americans viewed the war as a mistake. The Iraq War followed a similar trajectory. While initial support was high, approval fell sharply within months. By the end of the conflict, less than half of Americans still backed the decision. The current US Iran Attacks Public Opinion starts from a lower baseline, meaning any prolonged escalation could reduce support even further. Global Implications for Pakistan and the Region For countries like Pakistan, U.S. public opinion matters. Domestic support in America often determines the scale and duration of military involvement abroad. Lower backing could signal limited long-term engagement or cautious policy decisions. This uncertainty affects global markets, oil prices, and geopolitical stability all issues closely watched in Pakistan’s economic and political circles. A New Era of Public Response to War The era of near-unanimous support for military action appears to be fading. Political polarization, rapid news cycles, and skepticism about foreign interventions are reshaping how citizens react. US Iran Attacks Public Opinion demonstrates that modern conflicts no longer guarantee immediate unity. Instead, public backing now depends heavily on political alignment, communication strategy, and perceived national interest.

Pakistan UAE Debt Repayment: Islamabad Set to Return $3.5 Billion to UAE in April
Pakistan

Pakistan UAE Debt Repayment: Islamabad Set to Return $3.5 Billion to UAE in April

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Pakistan UAE debt repayment has become a major financial development as Pakistan prepares to return its entire $3.5 billion debt to the United Arab Emirates during April. Officials confirmed that the repayment schedule includes multiple tranches spread across the month, highlighting Islamabad’s commitment to meeting external obligations despite economic pressures. Read More: https://theboardroompk.com/petrol-price-relief-package-pakistan-pm-announces-major-fuel-cut-on-petrol-by-rs80-and-subsidies/ The government has lined up payments in three phases. A $450 million installment is due on April 11, followed by $2 billion on April 17 and another $1 billion on April 23. These repayments will occur alongside a $1.3 billion Eurobond maturity on April 8, pushing total external debt servicing to $4.8 billion for the month. This significant outflow will test foreign exchange reserves but also signal financial discipline to global lenders. A 30-Year-Old Loan Finally Cleared One notable aspect of the Pakistan UAE debt repayment is the settlement of a historic $450 million loan dating back to 1996–97. Originally issued for just one year, the loan remained outstanding for nearly three decades due to repeated rollovers. Officials indicated that the UAE had previously extended two $1 billion deposits in January for only one month at an interest rate of 6.5 percent. Pakistan had requested a longer two-year rollover at around 3 percent, reflecting efforts to reduce borrowing costs and ease repayment pressure. IMF Programme and Strategic Support The repayment process is closely linked to Pakistan’s commitments under the $7 billion programme with the International Monetary Fund. As part of this arrangement, friendly countries including Saudi Arabia, the UAE, and China have pledged to maintain $12.5 billion in deposits with the State Bank of Pakistan until September 2027. These deposits act as a financial cushion, helping Pakistan stabilize reserves while implementing structural reforms. Officials noted that discussions are ongoing to convert some UAE deposits into investment, although no final decision has been taken. Foreign Exchange Reserves Remain “Comfortable” Authorities suggested that part of the central bank’s $16.4 billion foreign exchange reserves may be used for the Pakistan UAE debt repayment. They emphasized that reserves remain “comfortable,” pointing out that Pakistan has previously operated with minimal import cover during more severe crises. However, analysts caution that large outflows in a single month could still impact market sentiment and exchange rate stability. Economic Challenges Add Pressure While the repayment strengthens credibility, Pakistan’s economic indicators remain mixed. Exports have declined by 8 percent in the first nine months of the fiscal year, and foreign direct investment has also slowed. These trends complicate efforts to rebuild reserves after major repayments. Shehbaz Sharif has acknowledged the risks of heavy reliance on foreign borrowing, noting that external loans often come with conditions that limit policy flexibility. His government is aiming to balance repayments with economic reforms to avoid future crises. Panda Bonds and Interest Rate Negotiations Pakistan had planned to issue $250 million in Panda Bonds this year, but the plan has stalled due to administrative and procedural challenges. Meanwhile, negotiations with the UAE are ongoing to reduce interest rates from last year’s 6.5 percent closer to 3 percent. Lower global rates and improved credit outlooks are supporting Pakistan’s case. If successful, these talks could ease future repayment burdens and encourage investment-based financing rather than traditional loans. Why Pakistan UAE Debt Repayment Matters The Pakistan UAE debt repayment carries broader implications for the country’s financial outlook. Clearing obligations improves creditworthiness, strengthens relations with key partners, and supports ongoing IMF commitments. At the same time, it underscores the urgency of boosting exports, attracting investment, and reducing reliance on external borrowing. Pakistan’s ability to navigate this repayment cycle without destabilizing reserves will be closely watched by markets and international lenders.

Petrol Price Relief Package Pakistan: PM Announces Major Fuel Cut on Petrol by Rs80 and Subsidies
Pakistan

Petrol Price Relief Package Pakistan: PM Announces Major Fuel Cut on Petrol by Rs80 and Subsidies

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Petrol Price Relief Package Pakistan has been announced in a significant move aimed at easing inflationary pressure on households and businesses. The government unveiled a comprehensive relief plan that includes a sharp reduction in petrol prices, transport subsidies, and financial support for farmers. The initiative is designed to counter the impact of rising global oil prices and provide short-term economic relief across the country. Read More: https://theboardroompk.com/pak-qatar-asset-management-announces-pkr-0-6465-dividend-for-pak-qatar-monthly-income-plan-unit-holders/ Rs80 Petrol Price Cut Offers Immediate Relief Under the Petrol Price Relief Package Pakistan, the government reduced petrol prices by Rs80 per litre for one month. The new price stands at Rs378 per litre, down from Rs458, and took effect immediately. This move is expected to reduce transportation costs and indirectly ease prices of essential goods. Prime Minister Shehbaz Sharif announced the decision during a national address after extensive consultations with federal and provincial leadership. The reduction is part of a broader strategy to shield citizens from global energy price shocks. Petrol Price Relief Package Pakistan Includes Transport Subsidies The Petrol Price Relief Package Pakistan also introduces targeted subsidies for transport sectors to prevent fare hikes and rising commodity prices. Motorcyclists, public transport operators, cargo vehicles, and goods transport services will receive a Rs100 per litre subsidy for one month. In addition to per-litre subsidies, fixed monthly support has been allocated to transport operators. Small trucks will receive Rs70,000, large trucks Rs80,000, and public transport buses Rs100,000. These subsidies aim to stabilize logistics costs and ensure that the benefit of lower fuel prices reaches consumers. This support is particularly important for Pakistan’s supply chain, as transportation expenses directly influence the cost of food and daily necessities. Support for Farmers Under Petrol Price Relief Package Pakistan The government has also extended relief to the agricultural sector. Small farmers will receive Rs1,500 per acre to help manage increasing input costs such as fuel for tractors, irrigation, and transportation of produce. Agriculture remains a backbone of Pakistan’s economy, and this support is expected to assist farmers in maintaining productivity while controlling costs. Lower production expenses may also help stabilize food prices in urban markets. Rail Fare Freeze to Protect Passengers Another key component of the Petrol Price Relief Package Pakistan is the decision to freeze economy class fares of Pakistan Railways. The government directed authorities not to increase fares under any circumstances during the relief period. This measure ensures that low-income travelers continue to have access to affordable transport options. It also complements fuel subsidies by preventing indirect fare increases. Government Absorbs Financial Burden The prime minister highlighted that global oil prices have surged due to tensions in the Gulf region, impacting economies worldwide. To protect citizens, the government has already absorbed Rs129 billion over the past three weeks. This fiscal effort reflects the government’s attempt to balance inflation control with economic stability. The relief package is temporary but designed to provide breathing space while global markets stabilize. Nationwide Implementation of Petrol Price Relief Package Pakistan The Petrol Price Relief Package Pakistan will apply nationwide, including Gilgit-Baltistan and Azad Jammu and Kashmir. The federal government has committed to providing necessary financial resources to ensure uniform implementation. This nationwide rollout ensures that relief is distributed equally and that remote regions benefit from reduced transportation costs. Cabinet Salary Donation Signals Austerity In addition to public relief measures, members of the federal cabinet have pledged to donate six months’ salaries to the national exchequer. This step is intended to demonstrate fiscal responsibility and solidarity with citizens facing economic challenges. Such austerity measures, combined with subsidies, aim to build public confidence in economic management. Economic Impact and Public Expectations The Petrol Price Relief Package Pakistan is expected to temporarily reduce inflationary pressure, particularly in transport and food sectors. Businesses relying on logistics may see reduced operating costs, while households could benefit from stable commodity prices. However, economists note that sustained relief will depend on global oil trends and fiscal capacity. The one-month duration suggests the government is monitoring market conditions before extending the package. Overall, the initiative signals a proactive approach to managing rising fuel costs and supporting key economic sectors.

Pak-Qatar Asset Management Announces PKR 0.6465 Dividend for Pak-Qatar Monthly Income Plan Unit-Holders
Pakistan

Pak-Qatar Asset Management Announces PKR 0.6465 Dividend for Pak-Qatar Monthly Income Plan Unit-Holders

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Karachi: Pak-Qatar Asset Management Company Limited (PQAMC), a leading dedicated Islamic asset management company in Pakistan, has announced a monthly dividend of PKR 0.6465 per unit for its Pak-Qatar Monthly Income Plan (PQMIP) for March 2026. Read More: https://theboardroompk.com/elon-musks-spacex-files-confidentially-for-blockbuster-ipo-valued-at-over-1-75-trillion/ PQMIP, one of the highest-return plans in its category, continues to deliver strong performance for investors seeking Shariah-compliant income solutions. The dividend was earned as of March 27, 2026. PQAMC recently received an Asset Manager rating of ‘AM2+’ with a Stable Outlook from VIS Credit Rating Company Limited, reflecting the company’s solid market position and operational strength. Mr. Farhan Shaukat, Chief Executive Officer of PQAMC, approved the dividend distribution under authority delegated by the Board of Directors. “We are pleased to announce this distribution to PQMIP unit-holders,” said Mr. Farhan Shaukat. “This reflects our robust investment strategy and ongoing commitment to delivering value to our participants. The recent rating upgrade further validates the confidence our stakeholders place in PQAMC.” As part of Pak-Qatar Group, Pakistan’s pioneer in Islamic financial services, PQAMC remains dedicated to supporting the nation’s economy through innovative, Shariah-compliant investment solutions. Investors can view PQMIP’s performance on the Mutual Funds Association of Pakistan (MUFAP) website.

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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