Category: Business

Senior politician and former Federal Parliamentary Secretary Rana Zahid Tauseef has said that only one percent of the population will benefit from the Rs82 billion Metro Bus project currently underway in Faisalabad, while 30 percent of the people will face difficulties because the narrowing of roads will create traffic problems. He said that if the…

The Pakistan Council of Research in Water Resources (PCRWR) has declared 29 bottled and mineral water brands unsafe for human consumption after testing 230 samples collected from 20 major cities during April to June 2026. The findings, released under the government’s quarterly water quality monitoring programme, showed the brands failed to meet Pakistan Standards and…

Pakistan Petroleum Limited (PPL) on Monday, 17 August 2026, announced the country’s first successful discovery of high-quality natural gas in a coastal marshy area with potential links to shallow offshore waters. The discovery was made at the Dolphin X-1 exploration well in District Sujawal, Sindh, within the Sirani Exploration License. PPL holds a 75 percent…

The federal government’s total debt has risen by a staggering Rs18,832 billion over a period of 28 months, according to official documents released by the State Bank of Pakistan. The sharp increase was recorded between March 2024 and June 2026. During this period, the government’s domestic (local) debt jumped by Rs16,766 billion, while external debt…

Senior politician and former Federal Parliamentary Secretary for Petroleum, Rana Zahid Tauseef, has called for the urgent construction of water reservoirs across Pakistan, warning that recurring floods and water shortages are causing severe economic and agricultural damage. Speaking in an interview, Rana Zahid Tauseef said devastating floods strike various parts of the country every year,…

Tata Sons Chairman N Chandrasekaran has resigned from his position but will continue to serve until the end of his current term on February 20, 2027. He has decided not to seek reappointment, according to a statement he issued on August 12, 2026. The move comes days before Tata Sons’ annual general meeting scheduled for…

Senior politician and former Federal Parliamentary Secretary for Petroleum Rana Zahid Tauseef has said the country is facing multiple crises and the government has failed to address growing public problems. Expressing concern over the ongoing transporters’ strike, Tauseef said the three-day shutdown had begun affecting industrial activities, leaving thousands of workers without employment while daily-wage…

Russia has lifted restrictions on potato imports from Pakistan, particularly from Punjab, allowing 101 Pakistani exporters to resume shipments to the Russian market. The Russian Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) approved the reopening after reviewing Pakistan’s phytosanitary control system and assurances provided by the Department of Plant Protection. The decision took effect…

Crude oil stockpiles in the U.S. Strategic Petroleum Reserve (SPR) have dropped below 300 million barrels for the first time in more than four decades, reaching their lowest level since January 1983 as the Trump administration continues emergency releases to offset supply disruptions from the ongoing Iran war. Department of Energy data released Monday showed…

The Punjab government has imposed a ban on the issuance of handwritten or unofficial receipts by businesses across the province. Under the new regulations, the Electronic Invoice Monitoring System (EIMS) will be mandatory for all hotels, restaurants, coffee shops and marriage halls. Businesses will be required to issue customers receipts containing the business name, address,…