Pakistan Takes Over Presidency of Digital Cooperation Organisation (DCO)
Pakistan officially assumed the presidency of the Digital Cooperation Organisation (DCO) during its fifth General Assembly in Kuwait on February 6 (with announcements and coverage continuing into February 7). Minister for IT and Telecommunication Shaza Fatima Khawaja led the handover, positioning Pakistan to guide digital initiatives across 16 member countries for the coming year. This […]
FBR Issues Rs 188.9 Million Tax Demand to Sazgar Engineering Works
The Federal Board of Revenue (FBR) has sent a tax notice to Sazgar Engineering Works Limited, a well-known Pakistani company that makes vehicles like the Haval SUVs. They are asking for about Rs 188.9 million in extra taxes for the year 2023. The demand came from an order by the Additional Commissioner of Inland Revenue […]
Attock Refinery Takes Step to Manage Fuel Oversupply
Attock Refinery Limited (ARL), one of Pakistan’s key oil refining companies, has temporarily halted its Heavy Crude Distillation Unit as part of operational adjustments to manage unusually high inventories of refined fuel products. The unit was taken offline on February 5, 2026, in response to market conditions that left the refinery with excess Premier Motor […]
Gilgit-Baltistan Attracts $20 Million from Kazakhstan for Gold Mining Venture
Gilgit-Baltistan, Pakistan’s northern region known for its stunning mountains and rich mineral resources, has taken a major step forward in mining development. Kazakhstan’s Elaman Group has announced plans to invest an initial $20 million in placer gold mining projects there. This foreign direct investment (FDI) marks a positive sign for Pakistan’s efforts to attract international […]
Pakistan’s First NCP Industrial Expo 2026 Ends on High Note with Major Tech Breakthroughs
Pakistan’s first NCP Industrial Expo 2026 concluded successfully, marking an important step toward linking scientific research with industrial development. Organized by the National Centre for Physics (NCP), the expo highlighted how advanced physics research can be converted into practical technologies for industry. Bridging Research and Industry The expo focused on moving beyond academic research toward […]
Government Clears Regulatory Reforms to Reduce Costs and Support Businesses
The federal government has approved a new set of regulatory reforms aimed at making it easier and less costly to do business in Pakistan. According to the Dawn report, the decisions were taken on February 5 by the Cabinet Committee on Regulatory Reforms, chaired by Minister of State for the Board of Investment (BOI) Qaiser […]
Petroleum Sales Rise 10% in January, Indicating Economic Recovery
Pakistan’s petroleum product sales rebounded strongly in January 2026, rising 10% year-on-year (YoY) to 1.52 million tonnes. Compared to December 2025, sales were also up 12% month-on-month (MoM), according to data from the Oil Companies Advisory Council (OCAC) and analysis by Topline Securities and Arif Habib Limited. The increase reflects early signs of economic recovery, […]
Pakistan Set to Emerge as Key Player in JPMorgan’s Frontier Debt Index
Pakistan is expected to become one of the most important countries in a new frontier local currency bond index being launched by JPMorgan. This move shows growing global interest in frontier market debt and could bring new foreign investment into Pakistan’s local bond market. What Is the New JPMorgan Frontier Debt Index? JPMorgan is preparing […]