Economy

UAE leaves OPEC and OPEC+ in major blow to oil producers' group
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UAE leaves OPEC and OPEC+ in major blow to oil producers' group

The move will weaken the group amid the Iran war and US pressure on Gulf oil producers

Arif Habib consortium moves to acquire 100% stake in PIA
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Arif Habib consortium moves to acquire 100% stake in PIA

The Arif Habib-led consortium is set to complete its PIA takeover by end of April, adding the remaining 25% stake for PKR 45 billion to its existing 75% holding

SBP's dollar buying slows by 4.5% but reserves target of $18B stays firm
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SBP's dollar buying slows by 4.5% but reserves target of $18B stays firm

SBP bought $4.87 billion from July-January, down 4.5% year-on-year

FPCCI urges PM to suspend furnace oil levies as RLNG crisis drives electricity costs
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FPCCI urges PM to suspend furnace oil levies as RLNG crisis drives electricity costs

FPCCI has written to PM Shehbaz urging emergency relief on furnace oil levies as Pakistan's electricity crisis deepens amid RLNG supply disruptions

Pakistan has $1.5B left to repay this fiscal year as reserves hold near $16B
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Pakistan has $1.5B left to repay this fiscal year as reserves hold near $16B

Pakistan has settled most of its FY26 external debt obligations, with $1.5 billion still due

KCCI slams SBP's interest rate hike to 11.5%, warns of higher business costs
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KCCI slams SBP's interest rate hike to 11.5%, warns of higher business costs

Traders’ body chief calls the decision imprudent and damaging to business competitiveness

ECC notes easing inflationary pressures on essential commodities in Pakistan
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ECC notes easing inflationary pressures on essential commodities in Pakistan

Pakistan's top economic body approves PKR 100 million for the Cannabis Control Authority, PKR 372 million for NAB's digital transformation, and PKR 30 million for the hockey team's rewards

Pakistan central bank raises key policy rate by 100 bps to 11.5%
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Pakistan central bank raises key policy rate by 100 bps to 11.5%

The central bank had kept the policy rate unchanged in successive meetings since December before increasing it today

Pakistan’s mango exporters seek delay to protect quality
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Pakistan’s mango exporters seek delay to protect quality

Unusual weather affects crop, raising concerns over premature shipments

Taxes, policy gaps drive cement prices higher: CCP report
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Taxes, policy gaps drive cement prices higher: CCP report

Up to 38% of cost linked to duties as demand weakens and capacity stays underused

Pakistan issues new rules for transit trade to Iran
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Pakistan issues new rules for transit trade to Iran

Order sets routes, customs requirements under bilateral transport pact

Pakistan's power minister asks NEPRA to scrap fees, licensing for small solar users
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Pakistan's power minister asks NEPRA to scrap fees, licensing for small solar users

The request follows directives from power minister to restore the 2015 framework that allowed DISCOs to process small-scale solar applications without fees

Pakistan’s fuel oil exports drop 21% as domestic demand surges
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Pakistan’s fuel oil exports drop 21% as domestic demand surges

LNG disruptions force shift to costlier fuel for power generation

Pakistan receives bids for three spot LNG cargoes as country looks to plug supply gap
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Pakistan receives bids for three spot LNG cargoes as country looks to plug supply gap

The bids between $17.997 and $18.88 per MMBTU are nearly double the $10–13 per MMBTU under long-term contracts with Qatar

Pakistan nears $1.2B IMF tranche after meeting key targets
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Pakistan nears $1.2B IMF tranche after meeting key targets

Board approval expected in May as most benchmarks are achieved

Pakistan tightens vehicle import rules under IMF guidelines
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Pakistan tightens vehicle import rules under IMF guidelines

Only tax-registered firms allowed as stricter quality checks introduced

Pakistan hikes fuel prices by PKR 27 as oil jumps over stalled US-Iran peace talks
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Pakistan hikes fuel prices by PKR 27 as oil jumps over stalled US-Iran peace talks

Oil prices were volatile on Friday with Brent crude futures trading at $104.78

SECP proposes scrapping attested documents, introduces facial scan for investor verification
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SECP proposes scrapping attested documents, introduces facial scan for investor verification

Regulator wants to replace paper-based identity checks with biometric authentication and bank account verification.

Pakistan's weekly inflation hits 13.98%, highest since November 2024
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Pakistan's weekly inflation hits 13.98%, highest since November 2024

Week-on-week, the Sensitive Price Indicator fell 0.33%