Pakistan

Sindh Govt Exempts Dairy Shops from Timings, Farmers Welcome Move
Pakistan

Sindh Govt Exempts Dairy Shops from Timings, Farmers Welcome Move

The Sindh government has announced a major relief measure for dairy shops, exempting them from operating hour restrictions under its austerity policy. The decision aims to ensure uninterrupted milk supply across the province while addressing the long-standing concerns of farmers, retailers, and consumers who rely on daily access to fresh milk. The move comes through a formal notification issued under the direction of Chief Minister Syed Murad Ali Shah and the provincial Home Department. Authorities have allowed dairy businesses to continue operations without time limits, recognizing the essential nature of milk in everyday consumption. Government Decision Eases Industry Pressure The Dairy and Cattle Farmers Association (DCFA) Pakistan has strongly welcomed the decision. In an official statement, the association praised the Sindh government for understanding the operational challenges faced by the dairy sector. Shakir Umar Gujjar, Central President of DCFA Pakistan, said the exemption would significantly benefit dairy shops that struggled under restricted operating hours. He noted that milk distribution requires flexibility, as delays can lead to spoilage and financial losses. He added that farmers and retailers had been demanding such relief for months. The new policy, he said, reflects the government’s responsiveness to ground realities. Milk Supply and Public Convenience Milk remains a staple in Pakistani households. It is consumed multiple times a day in homes, restaurants, and tea stalls. Any disruption in availability can affect daily routines and business operations. By allowing dairy shops to operate without restrictions, the government has ensured that consumers can access fresh milk at any time. This step is particularly important in urban areas where demand continues late into the night. Experts say that milk’s perishable nature requires continuous movement through the supply chain. Flexible business hours help maintain quality and reduce waste. Farmers Face Ongoing Challenges Before this policy shift, dairy farmers were facing multiple challenges. Rising feed costs, fuel prices, and transportation issues had already strained their operations. Limited timings forced farmers to rush deliveries to dairy shops, often resulting in inefficiencies. In many cases, unsold milk had to be discarded due to delays, leading to significant financial losses. Retailers also reported declining customer satisfaction. Consumers often complained about limited access during restricted hours. The exemption now allows smoother coordination between farmers and shopkeepers. Economic Boost for Dairy Sector The dairy sector is a vital part of Pakistan’s economy. It supports millions of livelihoods, especially in rural areas where livestock farming remains a primary source of income. Industry analysts believe the new policy will improve efficiency across the supply chain. With dairy shops operating freely, farmers can distribute milk more effectively, reducing wastage and increasing profitability. The decision is also expected to stabilize milk prices by ensuring consistent availability in the market. This will benefit both consumers and producers in the long run. Association Assures Full Cooperation The Dairy and Cattle Farmers Association has assured the government of its full support. In its statement, the association pledged to follow all regulations while maintaining quality standards. Shakir Umar Gujjar emphasized that the sector understands its responsibility toward consumers. He said stakeholders will continue to provide safe and hygienic milk products through dairy shops across the province. The association also highlighted the importance of ongoing dialogue between policymakers and industry representatives to address future challenges. A Step Toward Farmer-Friendly Policies The exemption has been widely seen as a positive step toward supporting agriculture and livestock sectors. Stakeholders have long called for policies that consider the unique needs of dairy farming. By removing restrictions on dairy shops, the Sindh government has acknowledged that essential commodities require special treatment. Experts suggest that similar measures should be adopted in other provinces to strengthen the national dairy industry. Expectations The DCFA expressed hope that the government will continue introducing farmer-friendly policies. It called for further initiatives to improve infrastructure, reduce production costs, and enhance market access. Stakeholders also expect better regulation of milk quality and pricing. They believe that consistent policies can create a more stable environment for growth. As economic pressures continue, targeted relief measures like this can help sustain essential industries. The dairy sector, which plays a crucial role in both rural livelihoods and urban consumption, stands to benefit greatly from this policy shift.

Pakistan Slashes Diesel by Over Rs134.8 per Liter and the Petrol Price by Rs11.8
Pakistan

Pakistan Slashes Diesel by Over Rs134.8 per Liter and the Petrol Price by Rs11.8

Pakistan government slashed petroleum prices on night between Friday and Saturday, with high-speed diesel cut by over Rs134.8 per liter and the petrol price by Rs11.8, as easing global oil pressures linked to a fragile Middle East ceasefire begin to filter into domestic fuel markets. Read More: https://theboardroompk.com/after-us-iran-successful-ceasefire-lebanon-seeks-pakistans-help-to-halt-israeli-strikes/ The Ministry of Energy (Petroleum Division) said the new prices will take effect from April 11, lowering high-speed diesel (HSD) to Rs385.54 per liter from Rs520.35, while petrol (motor spirit) was reduced to Rs366.58 from Rs378.41. FPCCI Welcomes Swift Rs 134.81 Reduction in Diesel Prices* *Calls it Indispensable for Export Competitiveness Karachi: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has welcomed the federal government’s recent decision to slash high-speed diesel (HSD) prices by a massive Rs 134.81 per litre – as the apex body had strongly rejected the earlier disastrous increase on April 2 – and, profoundly advocated for the price rationalization of diesel and a protective mechanism for trade & industry. Atif Ikram Sheikh apprised that the apex trade body termed this steep reduction – bringing the HSD rate down from a crippling Rs 520.35 to Rs 385.54 per litre – a much-needed breather for trade, industry and the general public alike. FPCCI Chief also commended the Rs 11.83 per litre reduction in petrol prices (now at Rs 366.58) will provide supplementary relief across the supply chain – however, he maintained, FPCCI advocates further temporary reduction or suspension of Petroleum Development Levy (PDL) on petrol price until the regional oil markets stabilize. Mr. Atif Ikram Sheikh appreciated the government’s move, highlighting its positive ripple effect on the macroeconomy and the survival of Pakistan’s export-oriented sectors. When HSD crossed the Rs 520 mark, it threatened to stall our textile and manufacturing engines. Diesel is the backbone of our economy; directly fueling our transport; agriculture and manufacturing sectors, he added. Atif Ikram Sheikh explained that the relief will significantly reduce the exorbitant cost of doing business – potentially lowering production overheads by 5 – 10% for key industries and making our exports more competitive in the international market. We urge the government to maintain this momentum and cascade further global oil price benefits to the domestic industry as soon as possible. Mr. Saquib Fayyaz Magoon, SVP FPCCI, pointing out the immediate financial relief it provides to Small and Medium Enterprises (SMEs) – and, the national logistics infrastructure as a whole. Mr. Saquib Fayyaz Magoon pointed out that logistics and freight charges have been crippling the supply chain across the country – with transport fares having recently spiked by as much as 60% during the fuel crisis. Bringing diesel down to Rs 385.54 per litre shall force a necessary correction in the transportation costs of raw materials and finished goods, he added. Mr. Abdul Mohamin Khan, VP & Regional Chairman Sindh, emphasized the specific benefits for the province’s economic landscape – particularly for the agriculture and heavy local manufacturing sectors. Mr. Abdul Mohaim Khan elaborated that Sindh is a major hub of Pakistan for both industrial output and agricultural yields. The previous fuel shock made crop sowing increasingly unviable and threatened massive losses ahead of the harvest season. This Rs 134.81 per litre reduction shall lower the operational costs for our farmers utilizing diesel-powered tractors; and, irrigation pumps – as well as for industries relying on heavy logistics originating from the ports of Karachi.

World Bank cuts Pakistan growth outlook to 3% amid Israel-US war on Iran
Editor pick, Pakistan

World Bank cuts Pakistan growth outlook to 3% amid Israel-US war on Iran

ISLAMABAD:The World Bank has revised Pakistan’s economic growth forecast downward to 3% for the current fiscal year, citing the adverse spillover effects of escalating tensions in the Middle East. Read More: https://theboardroompk.com/netanyahu-signals-war-with-iran-unfinished-business-despite-pak-mediated-ceasefire-backed-by-us/ War-driven economic pressures The lender reduced its earlier projection by 0.4 percentage points, warning that the ongoing regional conflict is likely to dampen Pakistan’s economic recovery. According to the report, higher global oil and energy prices triggered by the conflict are increasing import costs and adding pressure on the country’s external account. Pakistan’s current account is now projected to shift into a deficit of 1.2% of GDP, equivalent to around $4.9 billion, significantly higher than earlier official estimates. Inflation, remittances and fiscal risks The report also highlighted rising inflationary risks, projecting inflation at around 7.4% due to higher energy and commodity prices. Elevated fertiliser costs may further strain agricultural output, potentially leading to increased food prices in the coming months. Additionally, remittance inflows from Gulf countries could weaken as oil-dependent economies adjust to changing conditions, further impacting Pakistan’s external position. The World Bank warned that sustained high energy prices could force central banks to keep interest rates elevated for longer, slowing economic activity. Despite these challenges, GDP per capita is expected to grow modestly by 1.4%, indicating limited improvement in living standards. The downgrade underscores growing vulnerability in Pakistan’s economy as global uncertainties, particularly geopolitical tensions, continue to reshape macroeconomic prospects.

Netanyahu signals war with Iran ‘unfinished’ business, despite Pak-mediated ceasefire backed by US
Pakistan

Netanyahu signals war with Iran ‘unfinished’ business, despite Pak-mediated ceasefire backed by US

NEW YORK: Israeli Prime Minister Benjamin Netanyahu has said that the war with Iran is not over and remains “unfinished business” as many of Israel’s objectives have not been achieved, according to a report in The New York Times. Following a Pakistan-brokered ceasefire that went into effect around April 7–8, 2026, he said in a televised address to Israeli public, that the “double existential threat” of Iran’s ballistic missiles and its nuclear programme has been “distanced,” he said, but not eliminated. The Times pointed out that his address was less about victory than unfinished business. “We still have goals to complete,” Netanyahu said, “and we will achieve them either by agreement or by the resumption of fighting.” He was speaking at the end of the deadliest day in Lebanon since the resumption of hostilities last month between Israel and Hezbollah fighters across Israel’s northern border. On Thursday, under international pressure to dial down the violence, Netanyahu said he had instructed his government to open talks with Lebanon “as soon as possible.” The negotiations would focus, he said, on establishing peaceful relations between Israel and Lebanon, and the disarmament of Hezbollah, which is also a significant political force in the country. Forty days after Israel and the United States launched their military offensive against Iran, life in Israel was getting back to normal, the Times said. “While Netanyahu and many other Israelis have praised the military’s accomplishments in downgrading their enemies’ capabilities, so far there have been no total victories or lasting diplomatic resolutions,” the Times commented. At the same time, it said, Netanyahu’s domestic political timetable is pressing, with elections due before the end of October.“914 days of war, over 2000 killed, tens of thousands wounded, 4 open fronts and — 0 decisive wins!” Avigdor Liberman, the leader of a right-wing Israeli opposition party, sniped on social media, tallying up the account on Israel’s side. The United States is now shifting its attention from the battlefield to negotiations with Iran. Israeli officials will not be in the room, adding to the sense of unease among the Israeli public. Israel and Pakistan, the mediating country that is hosting the talks, have no formal diplomatic relations. In the hours after President Trump announced the temporary cease-fire, the Israeli military bombarded Beirut and other areas and said it struck more than 100 Hezbollah targets within 10 minutes. More than 200 people were killed and more than 1,000 others were wounded in the strikes, according to the Lebanese authorities. “The timing may have been intended to demonstrate that Israel did not count Lebanon as part of the cease-fire understanding, or to get in a final salvo while it was still possible,” according to the Times. APP

Pakistan, Ethiopia Plan Trilateral Maritime Alliance; Africa Trade Boost Eyed
Pakistan

Pakistan, Ethiopia Plan Trilateral Maritime Alliance; Africa Trade Boost Eyed

ISLAMABAD: Pakistan and Ethiopia have agreed to explore the establishment of a trilateral maritime alliance, potentially involving Djibouti, to strengthen trade connectivity between Asia and Africa. The understanding was reached during a meeting between Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry and Ethiopian Ambassador Dr Oumer Hussein. Alliance to boost regional trade links The proposed framework aims to create a structured maritime arrangement linking Pakistan, Ethiopia and Djibouti, with the possibility of expanding to other countries in the future. Officials said the initiative is part of Pakistan’s broader push to enhance maritime cooperation with African nations under its “Look Africa” and “Engage Africa” policies. The minister emphasised that stronger maritime connectivity could significantly improve trade flows between Asia and Africa, opening new avenues for exports and logistics cooperation. Djibouti port key for landlocked Ethiopia Despite being a landlocked country, Ethiopia could benefit from improved access to global markets by utilising the Port of Djibouti under the proposed arrangement. Chaudhry noted that such a setup would allow Ethiopia to enhance its trade capacity while strengthening regional economic integration. Both sides agreed to initiate technical consultations, with designated focal persons tasked with developing operational modalities and a practical framework for the alliance. The Ethiopian envoy welcomed Pakistan’s proposal and expressed optimism that cooperation could expand across sectors including pharmaceuticals, textiles, agriculture and food products. Officials indicated that a formal agreement may be signed after the completion of groundwork and expert-level discussions. The move reflects Pakistan’s growing focus on maritime diplomacy and its efforts to position itself as a key trade bridge between Asia and Africa.

Bank Alfalah Stock Split: PSX Announces Share Face Value Change and Trading Schedule Update
Editor pick, Pakistan

Bank Alfalah Stock Split: PSX Announces Share Face Value Change and Trading Schedule Update

The Bank Alfalah Stock Split has been formally announced through a Pakistan Stock Exchange notice, outlining key changes in share face value, settlement cycles, and trading mechanics. The development is expected to impact trading behavior and liquidity while keeping the overall paid-up capital unchanged. Read More: https://theboardroompk.com/chery-master-pakistan-starts-early-deliveries-of-tiggo-8-phev/ Under the corporate action, the face value of Bank Alfalah Limited shares will be reduced from Rs10 to Rs5. This change will take effect following the book closure scheduled for April 18, 2026. While such adjustments are technical in nature, they often attract investor attention because they increase the number of shares in circulation and improve accessibility for retail investors. Bank Alfalah Stock Split and Share Structure Adjustment The Bank Alfalah Stock Split will double the number of outstanding shares. The total shares will increase from 1.57 billion to approximately 3.15 billion. Despite this increase, the paid-up capital of the bank will remain unchanged. This means shareholders will receive twice the number of shares they previously held, but the price per share will adjust accordingly. The opening price on April 20, 2026, will be calculated at half of the closing price recorded on April 17, 2026. For example, if the share closes at Rs60 on April 17, the adjusted opening price after the split would be Rs30. Investors will still hold the same overall investment value, but the lower price per share often improves market participation. Settlement Cycle Changes During Bank Alfalah Stock Split The Pakistan Stock Exchange has also announced temporary changes to settlement cycles due to the Bank Alfalah Stock Split. Trading in Bank Alfalah shares will operate under a modified T+0 settlement cycle on April 17, 2026. This adjustment applies to BC-1 activity and ensures a smooth transition before the book closure. From April 20, 2026, which is the first working day after book closure, the normal T+1 settlement cycle will resume. However, shares will then reflect the revised face value and adjusted pricing structure. These temporary changes are designed to avoid settlement mismatches and ensure fair trading conditions for investors. Entitlement Contracts and Ex-Entitlement Trading The Bank Alfalah Stock Split also affects entitlement contracts across multiple months. Contracts such as APRB, MAYB, and JUN will follow a defined schedule for opening, closing, and settlement dates. These contracts will qualify for entitlement benefits. On the other hand, ex-entitlement contracts including APRC, MAYC, and JUNB will operate on separate timelines. Trades under these contracts will not qualify for entitlement benefits and will be executed on an ex-benefit basis. This differentiation is important for traders dealing in futures or derivative contracts, as eligibility for benefits depends on contract type and trading timeline. Impact on Futures and Non-Standard Contracts As part of the Bank Alfalah Stock Split, the stock will transition into non-standardized contract categories within the Cash Settled Futures framework. These categories include CAPRN2, CMAYN2, and CJUNN1 contracts effective April 20, 2026. Despite these technical adjustments, the broader trading and settlement framework of the exchange will remain unchanged. Investors can continue trading normally after the transition period. Why the Bank Alfalah Stock Split Matters The Bank Alfalah Stock Split is primarily aimed at improving liquidity and making shares more accessible to retail investors. Lower share prices often encourage higher trading volumes and broaden participation in the market. Historically, stock splits do not change a company’s fundamental value. However, they often create positive sentiment, particularly among small investors who find lower-priced shares easier to accumulate. For institutional investors, the adjustment mainly involves operational changes in settlement and contract specifications rather than any change in valuation. Key Takeaways for Investors Investors should note that the Bank Alfalah Stock Split will: • Reduce face value from Rs10 to Rs5• Double the number of outstanding shares• Adjust the opening price after book closure• Temporarily modify settlement cycles• Introduce new contract specifications for futures trading These changes are technical but important for traders, especially those dealing in short-term strategies or derivatives.

Pakistan Economy Shows Stability but ADB Warns of Significant Downside Risks Ahead
Pakistan

Pakistan Economy Shows Stability but ADB Warns of Significant Downside Risks Ahead

The Asian Development Bank (ADB) said on Friday that Pakistan’s economy has stabilised and begun to show stronger momentum, but warned that “downside risks are significant”. The ADB stated that recent improvements in growth and a decline in inflation reflect progress supported by tight macroeconomic policies and ongoing economic reforms. However, it cautioned that external and fiscal pressures continue to pose challenges to long-term stability. Read More: https://theboardroompk.com/chery-master-pakistan-starts-early-deliveries-of-tiggo-8-phev/ The Asian Development Bank states that Pakistan economy recovers during fiscal year 2025 as growth improves and inflation declines. This improvement links with tight macroeconomic policies and ongoing economic reforms. The report highlights that Pakistan economy outlook ADB report reflects both progress and vulnerability at the same time. Growth strengthens as inflation slows The Asian Development Bank notes that Pakistan economy shows recovery supported by falling inflation and better fiscal control. Economic activity improves during FY2025, which ends on June 30. According to the report, structural reforms help stabilize macroeconomic conditions. These reforms also support investor confidence and external balance. ADB Country Director for Pakistan Emma Fan says Pakistan economy shows stronger momentum. She notes that reforms remain critical for long-term stability. GDP growth forecast shows gradual improvement The Asian Development Outlook April 2026 projects steady growth for Pakistan economy in coming years. Real GDP growth is expected to reach 3.5 percent in FY2026. It further increases to 4.5 percent in FY2027. This compares with 3.1 percent growth recorded in FY2025. The report suggests that manufacturing recovery and higher investment drive this growth trend. Private sector activity also supports expansion. Pakistan economy outlook ADB report emphasizes that sustained reform remains key for maintaining this momentum. Inflation expected to rise in coming years The report also warns that inflation may increase in future fiscal years. Average inflation may reach 6.4 percent in FY2026 and 6.5 percent in FY2027. Rising oil prices and global supply disruptions contribute to this pressure. Trade route instability linked to geopolitical tensions also adds risk. ADB states that inflation control depends on careful monetary policy and external stability. Monetary policy expected to remain cautious The central bank is expected to follow a cautious monetary policy approach. The goal remains to stabilize inflation within a 5 to 7 percent target range. Policy easing may support growth, but authorities must balance it with inflation risks. The report suggests that monetary decisions will play a key role in shaping Pakistan economy outlook ADB report results in coming years. Investment and reform drive future growth The report highlights that future growth depends on private sector investment. Recent reforms improve investor confidence and stabilize foreign exchange conditions. Construction activity is expected to rise due to fiscal incentives introduced in the FY2026 budget. Reconstruction efforts after floods also support economic activity. Industry and services sectors both benefit from improved monetary conditions. ADB notes that reform implementation is essential for long-term sustainability. External risks remain a major concern Despite improvement, Pakistan economy faces significant external risks. Global uncertainty remains a key challenge for stability. A prolonged Middle East conflict could increase energy and fertilizer costs. This may reduce agricultural and industrial output. It may also reduce remittance inflows and widen current account deficit. ADB warns that Pakistan must continue adjustment programs to strengthen resilience. Pakistan economy outlook ADB report stresses that external shocks remain a serious threat. Fiscal pressure and structural challenges continue Fiscal stability remains another concern for Pakistan economy. External borrowing requirements and import costs may increase pressure. Structural barriers also slow down long-term growth potential. These include energy inefficiencies and limited industrial productivity. ADB highlights that policy consistency and reform continuity remain essential. Without reforms, economic gains may weaken quickly under global pressure. Construction and services sector show improvement Despite risks, some sectors show positive movement. Construction activity increases due to fiscal incentives and rebuilding projects. Services sector also benefits from improved liquidity and consumer activity. These sectors contribute to overall improvement in Pakistan economy outlook ADB report findings. However, it also warns that risks remain significant. Global uncertainty, inflation pressure, and fiscal challenges continue to threaten long-term stability.

Ishaq Dar Announces Visa on Arrival as US-Iran Delegations Land for Historic Negotiations
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Ishaq Dar Announces Visa on Arrival as US-Iran Delegations Land for Historic Negotiations

Pakistan has opened its doors to global diplomacy as Ishaq Dar announced visa-on-arrival facilities for delegates attending the highly anticipated “Islamabad Talks 2026,” a summit that could reshape geopolitical dynamics after a deadly conflict between United States and Iran. Read More: https://theboardroompk.com/pakistan-oil-gas-sector-reports-three-discoveries-in-march-2026-amid-isreal-us-war-on-iran/ In a statement shared on X, Ishaq Dar said Pakistan would facilitate all participants, including journalists and official representatives. He directed airlines to allow boarding without prior visas, assuring that immigration authorities in Pakistan would issue visas upon arrival. This move reflects Islamabad’s intent to position itself as a welcoming and neutral platform for high-stakes diplomacy at a critical global moment. Pakistan Opens Doors for Global Diplomacy The Islamabad Talks 2026 have already drawn significant international attention. Pakistan’s decision to ease entry requirements aims to ensure smooth participation from all stakeholders. Officials say the initiative highlights Pakistan’s proactive diplomatic approach. It also signals confidence in hosting one of the most consequential negotiations in recent history. By simplifying travel procedures, Islamabad is sending a strong message. The country wants dialogue to take precedence over bureaucracy. Analysts believe such facilitation could improve Pakistan’s global image as a peace broker. Moreover, the inclusion of journalists indicates a commitment to transparency. It allows global audiences to closely follow developments as they unfold. High-Level Delegations Arrive in Islamabad The talks come just days after a fragile ceasefire ended a six-week war between the United States and Iran. The conflict left thousands dead and triggered fears of a global economic slowdown. The American delegation is led by Vice President JD Vance. He is accompanied by key envoys including Steve Witkoff and Jared Kushner, both closely linked to former President Donald Trump. On the Iranian side, Parliamentary Speaker Mohammad Bagher Ghalibaf is heading the delegation. He is joined by Foreign Minister Abbas Araghchi and other senior officials. The presence of such high-ranking figures underscores the urgency of the talks. It also reflects the high stakes involved in securing lasting peace. Ceasefire on Edge as Talks Begin The Islamabad dialogue aims to convert a fragile ceasefire into a durable agreement. The truce, achieved after intense diplomatic efforts, remains vulnerable. Tensions across the Middle East continue to simmer. Any misstep could reignite hostilities, analysts warn. Global markets are also reacting cautiously. The six-week war disrupted oil supplies and raised fears of inflation and recession. Therefore, the outcome of these talks carries significant economic implications. Diplomats hope Islamabad can provide neutral ground for constructive engagement. Pakistan’s balanced relations with both countries may help bridge longstanding divides. Capital Under Tight Security Lockdown Authorities have imposed unprecedented security measures across Islamabad ahead of the talks. Key roads have been sealed, and security personnel deployed in large numbers. Surveillance systems have been enhanced to ensure maximum protection for visiting dignitaries. Officials confirmed that the negotiations will take place at a secure, undisclosed location. The lockdown has visibly reduced movement in the capital. Residents have been advised to avoid unnecessary travel during the summit. Security officials say these steps are necessary. They aim to prevent any disruption and ensure the talks proceed without incident. Global Stakes and Expectations The Islamabad Talks 2026 are widely seen as a critical test of diplomacy. World leaders and policymakers are closely monitoring developments. A successful outcome could stabilise the Middle East and ease global economic pressures. It may also lead to the lifting of sanctions on Iran, opening new trade opportunities. For Pakistan, the stakes are equally high. Hosting such a major diplomatic event enhances its international standing. It positions the country as a credible mediator in global conflicts. However, failure could prolong uncertainty. It may deepen divisions and delay economic recovery worldwide. Despite the risks, optimism persists. The ceasefire has created an opportunity for dialogue. Now, all eyes are on Islamabad to see whether that opportunity can turn into lasting peace.

Customs Seizes Over 300 Tolas of Gold at Karachi Airport Passenger Under Investigation
Pakistan

Customs Seizes Over 300 Tolas of Gold at Karachi Airport Passenger Under Investigation

Karachi’s Jinnah International Airport became the center of a major Customs gold seizure Karachi after officials confiscated more than 300 tolas of gold from a passenger and his family. The passengers arrived from Abu Dhabi and could not provide legal documentation for carrying the gold into Pakistan. Read More: https://theboardroompk.com/global-oil-prices-rise-as-iran-tensions-shake-markets-after-ceasefire-dispute/ Authorities said the discovery occurred during routine scanning of luggage and hand-carried bags. The initial detection prompted a detailed search, which led to the recovery of a large quantity of gold jewellery, gold bars, and foreign currency. The seized items included 281 tolas of gold jewellery, consisting of bangles and rings, along with 20 tolas of gold bars. In addition, Customs officials recovered $33,100 in US dollars and 366,000 UAE dirhams from the passenger. A case has been registered against the passenger for attempting to smuggle valuables into the country. Customs authorities have confirmed that all confiscated items are now in their custody. Officials emphasized that carrying undeclared gold and foreign currency violates Pakistan’s customs laws. The seizure underlines ongoing efforts to curb smuggling and protect the country’s financial system. Investment Expected to Flow into Pakistan Soon In a related development, Federal Minister for Board of Investment Qaiser Ahmed Sheikh stated that significant investment is expected to enter Pakistan within the next 15 days. Speaking on the ARY News program “Sawal Yeh Hai,” Sheikh said the Iran conflict is likely to end within two weeks. He predicted that normalcy would return rapidly afterward. Sheikh highlighted that Pakistan has emerged as a stable country amid regional instability. He noted that many Pakistanis who invested in Gulf countries, including the UAE, might repatriate their capital due to ongoing conflicts. “After the next 15 days, a huge inflow of capital will come to Pakistan. We only need to provide the right incentives to investors. Many Pakistanis who invested in the Gulf are now regretting it,” he said. The minister described the turmoil in the Middle East as “a blessing in disguise” for Pakistan. He emphasized that proper incentives, including reduced taxes, must be offered to attract and retain investment. “We also need to prevent investors from diverting funds to other countries such as Hong Kong,” Sheikh added. The Customs gold seizure Karachi and related foreign currency recovery highlight both regulatory enforcement and the economic opportunities for Pakistan. Analysts say that repatriated Gulf investment could strengthen local markets if properly channeled. Customs authorities confirmed that smuggling cases like this one are being closely monitored. They reiterated that any attempt to import undeclared valuables will face strict action under Pakistani law. Pakistan’s authorities continue to focus on enforcing customs regulations while the government prepares to capitalize on anticipated foreign investment. The combination of law enforcement and investor incentives may play a crucial role in strengthening Pakistan’s economic outlook in the coming weeks.

Pakistan Eyes Major Boost in Tyre Exports as Chinese-Backed JV Announces $120 Million Expansion
Pakistan

Pakistan Eyes Major Boost in Tyre Exports as Chinese-Backed JV Announces $120 Million Expansion

Islamabad: April 9, 2026:Federal Minister for Commerce Jam Kamal Khan held a detailed meeting with Jin Yongsheng, Chairman of Service Long March Tyres (Private) Limited, and his delegation to discuss investment expansion, export growth, and tariff policy support for Pakistan’s tyre industry. Federal Secretary Commerce Jawad Paul and senior officials also attended the meeting. During the discussion, the company announced an additional investment of $120 million in Pakistan, reaffirming its confidence in the country’s industrial and economic potential. The delegation shared that the company is on track to achieve exports of $70 million by June 2026 and is aiming to cross $100 million in exports in the following financial year, a milestone that would place it among Pakistan’s leading non-textile exporters within a short span of operations. The meeting was informed that Pakistan has made significant progress in global tyre markets, with exports to the United States and Brazil increasing rapidly. Pakistan has emerged as the fifth-largest exporter of tyres to the United States and the seventh-largest to Brazil, marking a notable shift from virtually no presence in these markets just a few years ago. This growth has largely been attributed to the transfer of technology and expertise through collaboration with Chinese partners, which has enabled local manufacturing to meet international standards and compete globally. Federal Minister Jam Kamal Khan acknowledged the concerns raised by the industry and reiterated the government’s commitment to supporting sectors that demonstrate strong performance and export potential. He emphasized the importance of maintaining a balanced tariff policy that encourages local production while ensuring competitiveness. The minister noted that the government is working towards diversifying Pakistan’s industrial base by promoting emerging industries with high growth potential. The delegation also highlighted the importance of the Pakistan-China industrial partnership, describing it as a key driver behind the rapid growth of the tyre sector. The company’s manufacturing facility in Nooriabad was cited as a modern and efficient industrial unit employing around 2,000 workers and incorporating renewable energy solutions, making it one of the more sustainable production facilities in the region. Both sides agreed on the need to strengthen collaboration between the government and industry to support export-oriented growth and industrial expansion. The minister underscored that Pakistan must focus on diversification and leverage international partnerships to enhance its manufacturing capabilities and global competitiveness. The investors expressed confidence in Pakistan’s economic outlook despite current global challenges and appreciated the government’s continued engagement with the business community. The meeting concluded with a shared resolve to promote policy stability, encourage investment, and position Pakistan as a competitive hub for manufacturing and exports in emerging sectors such as tyres.

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