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Pakistan's Fuel Prices Highest Ever After Hike of Rs55 Due to US-Iran War
Pakistan

Pakistan’s Fuel Prices Highest Ever After Hike of Rs55 Due to US-Iran War

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Pakistan has announced a significant increase in retail fuel prices, raising petrol and diesel by approximately 20% effective immediately, as global oil markets react to escalating tensions in the Middle East involving the U.S., Israel, and Iran. Read More: https://theboardroompk.com/china-presses-iran-for-safe-passage-of-oil-and-gas-through-strait-of-hormuz/ Reasons Behind the Price Surge The hike, amounting to 55 rupees per liter, sets petrol at 321.17 rupees and diesel at 335.86 rupees. Petroleum Minister Ali Pervaiz Malik cited a sharp rise in international petroleum prices as the primary cause. This surge stems from disruptions in oil supply routes, particularly through the Strait of Hormuz, a critical chokepoint for Pakistan’s imports from Saudi Arabia and the UAE. Ongoing conflict in Iran has led to fears of prolonged supply shortages, forcing the government to adjust prices weekly. The minister emphasized that the decision was made under compulsion, with no alternative amid volatile global conditions. Prime Minister Shehbaz Sharif assured the public of sufficient reserves but warned against hoarding, promising strict action against violators. Impact on Economy and Citizens The price increase is expected to fuel inflation, already a burden on Pakistan’s economy recovering from recent floods and political instability. Low-income households, reliant on affordable transport, will face higher commuting costs, potentially reducing disposable income. Businesses in agriculture and manufacturing may pass on elevated diesel expenses, leading to broader price rises in goods and services. In major cities like Lahore and Karachi, long queues formed at fuel stations before the announcement, with people like business owner Imran Hussain waiting over an hour to fill up. Experts predict this could slow economic growth, as transport sectors account for a significant portion of GDP. The government plans to monitor the situation closely, but analysts warn of social unrest if prices remain high. Public transport operators have already signaled fare increases, affecting daily wage earners the most.Inflation, currently hovering around 10-15%, could spike further, prompting calls for subsidies or relief measures. Rural areas, dependent on diesel for farming equipment, may see reduced productivity and higher food prices. The Middle East conflict’s uncertainty adds pressure, with no quick resolution in sight. Pakistan’s energy sector, already strained by import dependencies, highlights the need for diversification to renewables. Citizens express frustration, with social media buzzing about the government’s handling of the crisis. Economists suggest targeted aid for vulnerable groups to mitigate the immediate fallout. This hike marks one of the largest in recent history, underscoring Pakistan’s vulnerability to global events.

SECP Deregistration of LSE Capital Limited Signals Shift in Pakistan’s Modaraba Sector
Pakistan

SECP Deregistration of LSE Capital Limited Signals Shift in Pakistan’s Modaraba Sector

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The SECP deregistration of LSE Capital Limited has drawn attention within Pakistan’s financial and capital markets community. The decision, approved by the Securities and Exchange Commission of Pakistan (SECP), formally ends the company’s status as a licensed Modaraba Management Company, signaling an important regulatory development in the country’s Islamic finance landscape. In a notice submitted to the Pakistan Stock Exchange (PSX), the company confirmed that the Registrar of Modaraba Companies at SECP approved its request for voluntary de-registration. The approval came through an official communication, effectively removing LSE Capital Limited from the list of licensed Modaraba management entities. The move takes immediate effect under the provisions of the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980, the legal framework governing Modaraba operations in Pakistan. Understanding the SECP Deregistration of LSE Capital Limited The SECP deregistration of LSE Capital Limited occurred after the company voluntarily applied to relinquish its Modaraba Management Company license. In simple terms, a Modaraba Management Company manages Islamic investment vehicles known as Modarabas financial structures based on profit-sharing principles compliant with Islamic finance rules. With SECP accepting the application, the firm’s authorization to operate in this capacity has been revoked with immediate effect. The development reflects a procedural regulatory step rather than a punitive action. Voluntary deregistration often occurs when companies restructure their business models, exit certain financial activities, or shift focus to other areas within the financial services sector. Regulatory Compliance and Market Communication Following the SECP deregistration of LSE Capital Limited, the company also requested the Pakistan Stock Exchange to circulate the information among all Trading Right Entitlement Certificate (TREC) holders. This step ensures transparency and keeps market participants informed about changes in the regulatory standing of financial institutions operating within Pakistan’s capital markets. Such notifications are a standard requirement in regulated markets, where any change in licensing or operational status must be publicly disclosed to protect investors and maintain market integrity. What the Deregistration Means for the Modaraba Sector While the SECP deregistration of LSE Capital Limited directly affects only one company, it also highlights broader dynamics within Pakistan’s Modaraba sector. Modarabas have historically played an important role in the country’s Islamic financial system by offering Shariah-compliant investment opportunities. However, the sector has experienced evolving challenges and transformations in recent years. Key aspects of the development include: Regulatory OversightThe decision underscores SECP’s continued monitoring and regulation of Modaraba management companies to ensure compliance with the governing ordinance. Corporate Strategy AdjustmentsVoluntary deregistration may signal a strategic shift by LSE Capital Limited, potentially indicating a move toward alternative financial services or corporate restructuring. Market TransparencyBy informing the PSX and its TREC holders, the regulatory process ensures that investors and market stakeholders remain aware of changes in licensing status. A Closer Look at the Legal Framework The Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 remains the central legislation governing Modaraba operations in Pakistan. Under this ordinance: • Companies must obtain a license from SECP to operate as Modaraba Management Companies.• The SECP has authority to grant, suspend, or cancel licenses.• Firms may apply for voluntary deregistration if they decide to cease managing Modaraba operations. The SECP deregistration of LSE Capital Limited therefore represents a regulatory action carried out strictly within this legal framework. Final Thoughts The SECP deregistration of LSE Capital Limited marks the formal conclusion of the company’s role as a Modaraba Management Company in Pakistan’s financial sector. While the move may appear procedural, developments like these often spark curiosity among investors and market watchers. They highlight the constant evolution of Pakistan’s financial ecosystem where regulatory oversight, corporate strategy, and market transparency continue to shape the future of the capital markets. As Pakistan’s Islamic finance industry grows and adapts, such regulatory updates provide valuable insight into the changing dynamics of the sector.

Pakistan Petroleum Supply: Government Orders Crackdown on Hoarding Amid Global Oil Disruptions
Pakistan

Pakistan Petroleum Supply: Government Orders Crackdown on Hoarding Amid Global Oil Disruptions

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Pakistan petroleum supply has come under intense scrutiny as the government moves swiftly to prevent panic buying and artificial shortages during rising geopolitical tensions in the Middle East. Prime Minister Shehbaz Sharif chaired a high-level meeting on petroleum products on Friday, directing provincial governments to take strict legal action against hoarding and manipulation of fuel supplies. The urgent meeting followed growing uncertainty in global oil markets as conflict involving Israel, Iran, and the United States continues to disrupt international shipping lanes particularly around the strategically critical Strait of Hormuz, one of the world’s busiest oil transit routes. Despite the uncertainty, the government reassured the public that Pakistan petroleum supply remains sufficient to meet domestic demand. Government Orders Crackdown on Fuel Hoarding During the briefing by the Prime Minister’s Office, officials confirmed that petroleum reserves are currently adequate. However, to prevent market manipulation, the prime minister issued strict instructions: • Immediate closure of petrol pumps involved in artificial shortages• Cancellation of operating licences of violators• Legal action against hoarders and illegal traders The directive signals a zero-tolerance approach toward profiteering during a potential energy crisis. Authorities believe that speculative hoarding during geopolitical uncertainty can trigger unnecessary panic and disrupt the Pakistan petroleum supply chain, even when actual reserves remain stable. Real-Time Monitoring System for Pakistan Petroleum Supply To improve transparency and oversight, the government has also ordered the creation of a real-time petroleum monitoring dashboard. The digital system will track fuel transportation and inventory movement across the country, enabling federal and provincial authorities to monitor supply levels and distribution patterns instantly. The initiative aims to eliminate supply bottlenecks and prevent black-market activity. The meeting was attended by senior officials including Deputy Prime Minister Ishaq Dar, Finance Minister Muhammad Aurangzeb, and State Bank of Pakistan Governor Jameel Ahmad, along with chief secretaries from all provinces and administrative regions. Global Oil Disruptions Could Challenge Pakistan Petroleum Supply While current reserves are adequate, officials warned that prolonged conflict in the Middle East could eventually impact global oil logistics. Shipping through the Strait of Hormuz which carries nearly one-fifth of global oil supply has already slowed due to heightened security risks. Finance Minister Muhammad Aurangzeb cautioned that the situation could worsen if the conflict continues, potentially increasing fuel import costs and disrupting Pakistan’s energy supply chain. To mitigate the risk, Pakistan has formally approached Saudi Arabia for alternative oil transportation routes through the Red Sea, ensuring continuity in fuel shipments if Gulf shipping lanes remain restricted. Weekly Petroleum Pricing to Reflect Rising Global Costs Another major policy change under consideration is the introduction of weekly petroleum price adjustments, expected to begin from March 8. The move will allow the government to pass on rapidly changing international costs to consumers more quickly. These adjustments may reflect: • Rising shipping freight charges• Higher war risk insurance premiums• Global crude price volatility Officials believe this approach will help maintain fiscal stability while keeping the Pakistan petroleum supply system financially sustainable. Emergency Energy Plan Includes Work-From-Home and Carpooling In preparation for a possible prolonged crisis, the government is also reviving several COVID-era conservation measures aimed at reducing fuel consumption. These include: • Work-from-home policies for selected sectors• Distance learning where feasible• Carpooling initiatives to reduce fuel demand The measures are part of a broader national action plan designed to minimize foreign exchange losses and safeguard Pakistan’s energy security. The strategy is expected to be formally approved by the Economic Coordination Committee after final review by the prime minister. Pakistan Petroleum Supply: Stability Today, Vigilance for Tomorrow For now, officials insist that Pakistan petroleum supply remains stable and the public should not panic. However, with global tensions escalating and energy markets becoming increasingly volatile, the government is moving proactively to ensure fuel security. The coming weeks will reveal whether contingency plans, alternative supply routes, and stricter market oversight can shield Pakistan from the ripple effects of a widening regional conflict.

Pakistan's Competition Watchdog Detects 212 Cases with AI
Pakistan

Pakistan’s Competition Watchdog Detects 212 Cases with AI

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ISLAMABAD: The Competition Commission of Pakistan (CCP) has detected more than 200 potential competition law violations and merger cases during the past two years using artificial intelligence and automated digital tools developed by its Market Intelligence Unit (MIU). Read More: https://theboardroompk.com/secp-registers-3444-new-companies-in-february-total-reaches-287049/ A paper titled “Leveraging Artificial Intelligence for Detecting Anti-Competitive Activities: Pakistan’s Journey toward Modernized Competition Enforcement,” published in the Asia-Pacific Competition Update of the Organisation for Economic Co-operation and Development (OECD), outlines CCP’s initiatives to strengthen and modernise its enforcement functions through the use of advanced technologies and AI-driven monitoring tools. Pakistan’s rapidly digitizing markets and the surge in unstructured data from procurement, advertising, and financial disclosures prompted the CCP to establish the Market Intelligence Unit in October 2023, shifting from complaint-based enforcement to proactive, AI-driven market monitoring. The paper stated that the CCP’s AI-driven monitoring systems identified 212 potential cases across multiple categories. These included 124 deceptive marketing cases, 58 merger and acquisition detections, 25 cartel and trade abuse cases, and 5 exemption-related matters. The cases were flagged through automated market monitoring, data analytics, and digital surveillance tools aimed at strengthening enforcement of the Competition Act. One of CCP’s key initiatives is an AI-driven public procurement monitoring system that analyses thousands of tender documents to detect suspicious bidding patterns and possible collusion. This system can process tens of thousands of records in hours instead of months of manual review. CCP has also introduced an Automated Digital Market Intelligence System that continuously monitors online advertisements, social media content, and digital platforms to detect deceptive marketing practices. The system generates real-time alerts and helps quickly identify misleading claims and potentially harmful advertising practices affecting consumers. In addition, CCP has developed an automated merger detection framework that monitors stock exchange announcements, media reports, and company disclosures to identify transactions that may require regulatory approval under Pakistan’s merger control regime. Another innovation is the Price Monitoring Dashboard, which analyses commodity price data across multiple regions to detect unusual or parallel price movements that may signal anti-competitive behaviour. By integrating artificial intelligence, data analytics, and automated monitoring tools, CCP has significantly enhanced its ability to detect competition violations early, generate actionable intelligence, and strengthen enforcement. The use of AI-enabled systems will continue to expand as part of the CCP’s broader strategy to modernize competition enforcement and protect consumers while promoting fair and competitive markets in Pakistan.

SECP Registers 3,444 New Companies in February; Total Reaches 287,049
Pakistan

SECP Registers 3,444 New Companies in February; Total Reaches 287,049

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ISLAMABAD, March 06: The Securities and Exchange Commission of Pakistan (SECP) registered 3,444 new companies in February, bringing the total number of registered companies in the country to 287,049, reflecting continued growth in Pakistan’s corporate sector. Read More: https://theboardroompk.com/operation-ghazab-lil-haq-pakistan-army-intensifies-cross-border-security-offensive/ Private limited companies accounted for 59 percent of the new registrations, followed by single-member companies at 38 percent. The remaining 3 percent comprised public unlisted companies, not-for-profit organizations, limited liability partnerships, and foreign companies. Foreign investment remained robust, with 82 newly incorporated companies receiving international shareholding. China emerged as the leading source of investment with participation in 44 companies, followed by the United States with investments in seven companies. Investors from Palau and Germany participated in three companies each, while Egypt, the United Kingdom, Australia, Afghanistan, Yemen, and Indonesia invested in two companies each. Additional investment originated from Azerbaijan, Nigeria, Jordan, Canada, Sweden, Denmark, the Philippines, Turkey, Portugal, Belgium, and other countries. The primary destinations for foreign investment were the mining and quarrying, trading, and information technology sectors, indicating sustained international interest in Pakistan’s natural resources, commercial markets, and expanding digital economy. From a regional perspective, Punjab led with 1,696 new companies, followed by the Islamabad Capital Territory with 656, Sindh with 555, Khyber Pakhtunkhwa with 317, Gilgit-Baltistan with 174, and Balochistan with 46, demonstrating broad-based geographic expansion of corporate activity. Sector-wise, the information technology and e-commerce sectors remained the leading drivers of growth with 723 new incorporations, followed by the trading sector with 531 registrations, services with 434, and real estate development and construction with 323 new companies. Further diversification was observed across multiple sectors, including tourism and transport (194), food and beverages (165), education (107), mining and quarrying (79), textile (69), marketing and advertisement (64), chemicals (58), pharmaceuticals (58), corporate agricultural farming (57), healthcare (56), engineering (52), cosmetics (50), communications (44), fuel and energy (42), lodging (37), and auto-allied industries (35). In addition, 266 companies were incorporated across various other sectors, including cables and electric goods, sports, and paper and board, reflecting the continued broadening of Pakistan’s industrial and business base.

Pakistan Government Debt Climbs to Rs79.3 Trillion a Historic Level
Pakistan

Pakistan Government Debt Climbs to Rs79.3 Trillion a Historic Level

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Pakistan government debt has reached a new milestone, reflecting the growing fiscal pressures on the country’s economy. According to the latest data released by the State Bank of Pakistan, the total debt of Pakistan’s central government surged to Rs79.32 trillion in January 2026, marking a 9.98% increase compared to Rs72.12 trillion in January 2025. Read More: https://theboardroompk.com/operation-ghazab-lil-haq-pakistan-army-intensifies-cross-border-security-offensive/ The rise in Pakistan government debt highlights the government’s continued reliance on both domestic and external borrowing to finance its fiscal deficit. As economic challenges persist, the debt trajectory has become a key point of concern for policymakers, investors, and financial analysts. On a month-to-month basis, the debt burden also edged higher. Compared to Rs78.53 trillion recorded in December 2025, the central government debt increased 1.01% in January 2026, indicating a steady accumulation of liabilities. Domestic Borrowing Drives Pakistan Government Debt Growth A closer look at the data reveals that domestic borrowing remains the dominant contributor to Pakistan government debt. Out of the total Rs79.32 trillion debt stock, Rs55.98 trillion was raised from domestic sources. This domestic debt is divided into three main categories: • Long-term domestic debt: Rs47.12 trillion• Short-term domestic debt: Rs8.78 trillion• Naya Pakistan Certificates: Rs72 billion Overall, domestic debt increased by 11.41% year-on-year and 1.11% month-on-month, reflecting the government’s growing dependence on local financial markets to meet funding requirements. Long-Term Borrowing Expands Rapidly Long-term debt has been the fastest-growing segment of Pakistan government debt. By January 2026, it rose 12.66% year-on-year to Rs47.12 trillion, compared with Rs41.83 trillion recorded during the same period last year. This category also witnessed a 1.21% increase compared to December 2025, signaling sustained borrowing through long-duration instruments. Among these instruments, Pakistan Investment Bonds (PIBs) dominate the landscape. PIBs accounted for Rs35.27 trillion, representing the largest portion of long-term domestic borrowing. The growth in PIBs shows: • 11.01% increase year-on-year• 0.98% rise month-on-month These bonds remain a preferred instrument for the government to secure financing from institutional investors such as banks and financial institutions. Short-Term Borrowing Remains Significant While long-term instruments dominate, short-term borrowing also plays a crucial role in Pakistan government debt management. Short-term domestic debt stood at Rs8.78 trillion in January 2026, representing a 5.17% increase year-on-year. The bulk of this short-term borrowing comes from Market Treasury Bills (MTBs), which amounted to Rs8.66 trillion during the review period. MTBs recorded: • 4.83% growth year-on-year• 0.55% increase month-on-month These short-term instruments allow the government to meet immediate financing needs, though heavy reliance on them can increase refinancing risks over time. Overseas Pakistanis Contribute Through Naya Pakistan Certificates Another component of Pakistan government debt comes from Naya Pakistan Certificates, an investment scheme designed to attract funds from overseas Pakistanis. Borrowing through these certificates reached Rs72 billion in January 2026, representing a 7.46% increase compared to the same period last year. Interestingly, the government’s borrowing through this channel rose significantly in a single month. In December 2025, the amount stood at Rs62 billion, meaning January saw a 16.13% month-on-month jump. This indicates renewed interest among overseas investors in government-backed savings instruments. External Debt Still a Major Component Beyond domestic borrowing, external loans remain a key part of Pakistan government debt. By January 2026: • Long-term external loans: Nearly Rs23 trillion• Short-term external loans: Rs345 billion External financing typically comes from multilateral institutions, bilateral partners, and international capital markets. While such borrowing provides foreign exchange support, it also exposes the country to currency risks and global financial conditions. What Rising Pakistan Government Debt Means The continued rise in Pakistan government debt reflects broader economic challenges, including persistent fiscal deficits and increasing financing needs. While domestic borrowing offers flexibility and reduces dependence on foreign lenders, the growing debt stock raises concerns about: • Future debt servicing costs• Fiscal sustainability• Pressure on public finances For policymakers, managing the balance between growth, fiscal discipline, and debt sustainability will remain one of the most critical economic challenges in the coming years.

Pakistan National Savings Schemes Rebound: January 2026 Mobilization Surges 545%
Pakistan

Pakistan National Savings Schemes Rebound: January 2026 Mobilization Surges 545%

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Pakistan National Savings Schemes surprised financial observers with a powerful rebound in January 2026, posting net mobilization of Rs27.01 billion after months of declining inflows. Read More: https://theboardroompk.com/operation-ghazab-lil-haq-pakistan-army-intensifies-cross-border-security-offensive/ According to provisional figures from the Central Directorate of National Savings, the recovery marks a 545% month-on-month increase compared to December 2025, when mobilization stood at only Rs4.19 billion. The sudden surge has sparked fresh interest among investors and analysts alike, raising questions about whether the country’s traditional savings instruments are regaining momentum after a turbulent fiscal year. What Drove the January Surge in Pakistan National Savings Schemes? The latest data shows that the January rebound in Pakistan National Savings Schemes was primarily driven by strong inflows into Prize Bonds and the miscellaneous investment category labeled “Others.” Prize Bonds alone attracted Rs2.55 billion, while the “Others” category generated the largest contribution with Rs19.25 billion in inflows. However, not all savings instruments saw positive movement. Some schemes continued to face withdrawals and negative balances, reflecting cautious investor sentiment. For example, Defence Savings Certificates (DSC) experienced a net outflow of Rs2.19 billion, indicating that investors may have shifted funds toward more liquid or attractive options. Meanwhile, Special Savings Certificates (SSC-R) posted relatively modest inflows of Rs1.71 billion, suggesting stable but limited investor appetite. These mixed trends highlight a changing investment landscape where savers are actively reallocating their funds within the Pakistan National Savings Schemes portfolio. A Volatile First Half of FY2025–26 Despite the strong January rebound, the overall performance of Pakistan National Savings Schemes during the first half of fiscal year 2025–26 has been volatile. Mobilization steadily declined over several months before the recent recovery. In July 2025, the schemes attracted Rs44.17 billion, marking a relatively strong start to the fiscal year. However, inflows began to slow in the following months, eventually reaching their lowest point in December 2025 at just Rs4.19 billion. The January recovery therefore represents a sharp reversal of the downward trend, potentially signaling renewed confidence among savers seeking secure investment avenues amid economic uncertainty. Annual Mobilization Still Under Pressure Even with the January improvement, annual mobilization under Pakistan National Savings Schemes remains under pressure. During fiscal year 2025–26 so far, total mobilization has reached Rs183.12 billion. While this is still a significant figure, it represents a 28.8% decline compared with Rs257.12 billion recorded in FY2024–25. The decline suggests that although the schemes remain popular among retail investors, broader macroeconomic conditions and alternative investment opportunities may be affecting inflows. Financial analysts note that changes in interest rates, inflation expectations, and liquidity needs often influence investor behavior within the national savings ecosystem. Historical Cycles in Pakistan National Savings Schemes The performance of Pakistan National Savings Schemes has historically been cyclical, reflecting shifts in economic conditions and investor sentiment. The schemes reached their highest mobilization level in FY2019–20, when net inflows climbed to Rs372.45 billion. This period saw strong demand for government-backed savings products as investors sought stability. However, the economic shocks triggered by the COVID-19 pandemic significantly altered the trend. In FY2020–21, the schemes recorded net outflows of Rs317.31 billion, followed by Rs358.68 billion in outflows during FY2021–22. The contraction continued in FY2022–23, with withdrawals reaching Rs381.87 billion, highlighting widespread investor caution during uncertain economic conditions. These fluctuations underline the sensitivity of Pakistan National Savings Schemes to broader financial dynamics, including inflation pressures, interest rate adjustments, and liquidity requirements. What the January Rebound Could Mean The January 2026 surge may signal a short-term revival in Pakistan National Savings Schemes, but analysts remain cautious about declaring a full recovery. If inflows continue to rise in the coming months, it could indicate growing investor confidence in government-backed savings instruments. On the other hand, if the rebound proves temporary, it may simply reflect seasonal or tactical investment shifts. For policymakers, the schemes remain a critical tool for mobilizing domestic savings and financing government expenditures. For investors, they continue to offer a secure and relatively stable investment option in an unpredictable economic environment. Whether the January surge marks the beginning of a sustained turnaround or just a brief spike will likely become clearer as the fiscal year progresses.

Operation Ghazab Lil Haq: Pakistan Army Intensifies Cross-Border Security Offensive
Pakistan

Operation Ghazab Lil Haq: Pakistan Army Intensifies Cross-Border Security Offensive

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Operation Ghazab Lil Haq has rapidly emerged as one of the most significant counter-terror operations in recent months, with the Pakistan Army escalating both air and ground strikes along the western border. Security sources report that the latest phase of Operation Ghazab Lil Haq involved a precision airstrike targeting key militant infrastructure belonging to the Afghan Taliban in southern Afghanistan. The strike reportedly destroyed the Brigade Headquarters of the 205 Corps located in Kandahar, a strategic hub long associated with Taliban command activities. Alongside the headquarters, multiple ammunition depots were also targeted, resulting in significant material losses for militant formations operating near the Pakistan-Afghanistan border. Analysts say the operation reflects Islamabad’s increasingly assertive stance against cross-border militancy and infiltration attempts. Strategic Airstrikes Under Operation Ghazab Lil Haq Security officials say the recent air campaign was carefully planned to neutralize militant command structures and disrupt logistical networks. The operation reportedly targeted: • Command centers coordinating militant activity• Weapons and ammunition depots• Tactical communication posts The destruction of these facilities is expected to severely disrupt operational coordination among militant groups operating near the frontier. Sources further indicated that militant groups suffered heavy casualties and significant logistical damage, though exact numbers have not yet been officially confirmed. Ground Operations Expand Across Key Border Regions In addition to airstrikes, Operation Ghazab Lil Haq also included extensive ground engagements along sensitive border sectors. According to security sources, Pakistani forces targeted 41 militant posts overnight using both light and heavy weapon systems. These operations were concentrated in areas adjacent to the following Pakistani districts: • Chaman• Zhob• Qila Saifullah• Nushki Military officials believe these locations have been used as staging grounds for cross-border infiltration and militant movement. By targeting these positions simultaneously, the operation aimed to dismantle militant support networks operating along the rugged border terrain. Intelligence-Driven Strike in Arandu Sector A separate intelligence-based operation was conducted in the mountainous Arandu sector, where security agencies had reportedly detected the presence of an armed militant formation. Acting on verified intelligence, Pakistani forces launched a coordinated assault on the militant positions. Security sources say the operation forced militants to abandon their weapons and flee from their posts, leaving behind equipment and logistical supplies. The militant command center in the area was also completely destroyed, marking another tactical success for the operation. Why Operation Ghazab Lil Haq Matters for Regional Stability Security experts believe Operation Ghazab Lil Haq represents a broader shift in Pakistan’s counter-terrorism posture. Rather than responding to isolated incidents, the strategy appears focused on systematically dismantling militant infrastructure and preventing regrouping across the border. Key objectives reportedly include: • Neutralizing militant command structures• Disrupting weapons supply chains• Preventing cross-border infiltration• Restoring stability in frontier regions Officials maintain that the operation will continue until all strategic objectives are achieved. While the situation remains fluid, the scale and intensity of the recent operations suggest that Pakistan’s security forces are prepared for a sustained campaign against militant threats along the western frontier. The Road Ahead As Operation Ghazab Lil Haq progresses, security analysts will closely monitor how these developments reshape the security landscape in the region. For Pakistan, the stakes are high: ensuring border security, protecting civilian populations, and maintaining regional stability remain top priorities. Whether these operations lead to a long-term shift in militant capabilities will depend on the durability of military pressure and evolving regional dynamics in the months ahead.

Pakistan Gears Up for Private Helicopter Era: Tourism and Rescues Set to Soar
Pakistan

Pakistan Gears Up for Private Helicopter Era: Tourism and Rescues Set to Soar

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Pakistan is set to introduce private helicopter operations for the first time, aiming to boost tourism in its stunning northern mountainous regions and enhance rescue capabilities for climbers and trekkers. Read More: https://theboardroompk.com/iran-vows-us-will-bitterly-regret-warship-sinking-as-conflict-enters-sixth-day/ This initiative marks a significant shift from the current system, where only military aviation handles helicopter services, primarily focused on emergency rescues. Boosting Mountain Tourism and Accessibility The new private services will allow for tourism safaris, logistical support for mountaineering expeditions, and easier access to iconic peaks such as K2, Broad Peak, and Nanga Parbat. These activities have been limited due to the lack of commercial options. Private operators will introduce specialized programs to attract international tourists and adventure enthusiasts, making Pakistan’s world-renowned mountains more reachable. Strengthening Rescue Operations Rescue missions in remote high-altitude areas will benefit greatly, with private helicopters permitted to conduct emergency evacuations alongside tourism duties. This will reduce reliance on military resources and improve response times for injured climbers and trekkers. The move draws inspiration from Nepal, which has a mature private helicopter sector with around 13 companies operating multiple aircraft. Timeline and Progress Operations are expected to commence by April–May 2026, with around five to six helicopters from private companies and some government entities entering the market on a commercial basis. The Civil Aviation Authority and Ministry of Defence are facilitating the process, with strong support from the government and armed forces. International Interest Foreign involvement is already emerging, with one Italian company and one Nepali company showing interest in joining. This collaboration could bring expertise and expand services quickly. Overall Impact The initiative promises to transform adventure tourism while saving lives in challenging terrains. It reflects Pakistan’s commitment to developing its northern regions sustainably.

SBP Seen Holding Rates at 10.5% as Oil Surge Clouds Inflation Outlook Owing to US-Israel Strike on Iran
Pakistan

SBP Seen Holding Rates at 10.5% as Oil Surge Clouds Inflation Outlook Owing to US-Israel Strike on Iran

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Pakistan’s central bank, the State Bank of Pakistan (SBP), is widely expected to maintain its benchmark policy rate at 10.5% in the upcoming Monetary Policy Committee (MPC) meeting scheduled for March 9, 2026. This follows a Reuters poll where all 10 surveyed analysts predicted no change, amid rising global oil prices and geopolitical tensions clouding the inflation outlook. Read More: https://theboardroompk.com/pakistan-drop-babar-azam-for-bangladesh-odi-series/ Inflation Rebound in February Headline consumer price index (CPI) inflation climbed to 7% year-on-year in February 2026, up from 5.8% in January, marking the highest level since October 2024 according to Pakistan Bureau of Statistics data. This uptick reflects pressures from food, energy, and other costs, with urban inflation at 6.8% and rural at 7.3%. Oil Rally and Geopolitical Risks Escalating Middle East tensions, including recent US and Israeli actions against Iran, have driven up global crude prices and raised concerns over potential disruptions in the Strait of Hormuz. Pakistan, heavily reliant on imported fuel, faces heightened vulnerability. Analysts estimate that every $10 per barrel increase in oil adds roughly 0.5 percentage points to inflation, widening the trade deficit and pressuring the rupee. Reasons for Rate Hold The expected pause aims to keep real interest rates positive and anchor inflation expectations, especially under the ongoing $7 billion IMF program. The SBP has already delivered cumulative cuts of 11.5 percentage points since mid-2024 (from a peak of 22%), supporting economic recovery. However, external risks—including higher energy costs, rupee depreciation potential, and a widening trade deficit—limit further easing room. Economic Context and Outlook Growth is projected at 3.75%–4.75% for fiscal year 2026, bolstered by stronger domestic demand from prior easing. Inflation may average 6%–8% in coming months and hover around 7% in the second half of FY26, potentially exceeding the 5%–7% target range temporarily. Economists note that sustained high oil prices could delay additional rate reductions. Analyst Perspectives Muhammad Ali, an analyst at AKD Securities, stated: “Energy prices should dictate the policy rate trajectory. Inflation could average around 7% during the second half of FY26.” Waqas Ghani of JS Capital added that higher oil widens the trade deficit and pressures the rupee, reinforcing caution. Broader Implications The decision underscores the SBP’s focus on medium-term price stability amid global uncertainties. While earlier easing aided recovery, current dynamics suggest a cautious stance to safeguard gains and comply with IMF commitments. Markets await the March 9 announcement for clearer signals on future policy direction.

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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