Bank of Punjab chief seeks ‘Welfare GDP’

Punjab Updated 08 Aug, 2026

Says rich gain 9.9pc, poor lose ground; slams IMF reforms.

Govt reduces petrol price by Rs2.20, high-speed diesel by Rs1.50

Updated 08 Aug, 2026

According to the Petroleum Division's notification, the new prices will be applicable from August 8 to 10.

Power consumers to pay 75 paisa per unit FCA in August bills

07 Aug, 2026

The net average fuel cost in August, at Rs0.75 per unit, would be around 41 paisa per unit higher than in July.

Domestic, foreign investors show interest in Fesco privatisation: privatisation commission

07 Aug, 2026

The Privatisation Commission said it had received 12 expressions of interest from prospective investors seeking to acquire a 51pc to 100pc stake in Fesco along with management control.

Central Development Working Party approves Karachi's Rs172bn K-IV project, eyes completion by June next year

Sindh 07 Aug, 2026

Karachi’s lifeline scheme faces cost escalation of almost 1,000pc, capacity slashed to 260MGD; project for establishment of space centre referred to Ecnec.

Exports of services grow 19pc in FY26

Business 07 Aug, 2026

Imports up 5.6pc to $11.9bn driven by transport and travel.

MCB Bank’s consolidated profits hit Rs28.1bn

Business 07 Aug, 2026

Total income for the half year stood at Rs93.9bn, reflecting a 6pc year-on-year increase.

SBP tells banks to settle prize bond sales daily

07 Aug, 2026

The SBP Banking Services Corporation will debit the account of the bank based on the amount of sale reported by the bank concerned on a daily basis.

Oil climbs as Hormuz risks rise

Business Updated 07 Aug, 2026

Crude price gains 3.3pc after Iran mulls banning US, Israeli vessels.