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Xiaomi 12 Series Redefines Flagship Category

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Xiaomi 12 Series Redefines Flagship Category

Xiaomi today announced the launch of the all-new flagship Xiaomi 12 Series for local markets, featuring two groundbreaking devices: Xiaomi 12 Pro and Xiaomi 12. Designed to empower users around the world with a cutting-edge videography studio and entertainment powerhouse, Xiaomi 12 Series delivers impressive advancements in Xiaomi’s AI algorithm, flagship processing power, and an all-round elevated experience. 

Capture cinematic shots at any time 

Xiaomi 12 Series enables users to record studio-quality shots no matter the scenario, be it challenging lighting conditions or moving objects. Both phones boast a pro-grade triple camera array for versatile shooting, starring a massive 50MP main wide angle camera, with 8K recording capabilities on both Xiaomi 12 Pro and Xiaomi 12.  Xiaomi 12 Pro stands out with its state-of-the-art triple 50MP array, which features a cutting-edge Sony IMX707 ultra-large main sensor. This sensor is capable of catching large amounts of light and empowers advanced imaging capabilities with faster focus speeds and increased color accuracy. Xiaomi 12 features a 13MP ultra-wide angle camera, along with a 5MP tele macro camera, for filming life from different perspectives.  

Beyond impressive hardware, Xiaomi 12 Pro and Xiaomi 12 also advance Xiaomi’s proprietary AI algorithms. These innovations make it easier than ever for users to record every moment the way they want to, even in low-light or moving subjects. Xiaomi ProFocus intelligently identifies and tracks objects, preventing blurring or out-of-focus shots of moving or veiled subjects. These advancements also include eye and face auto focus capabilities. Ultra Night Video uses Xiaomi’s proprietary algorithms to record video even under extreme low-light, meaning moody, atmospheric shots are clearer than ever.  

Available on both devices, One-click AI Cinema offers numerous creative options for show-stopping video editing, such as Parallel World, Freeze Frame Video, and Magic Zoom modes. 

Flagship processing, unprecedented performance and power-efficiency  

Flagship experience requires flagship performance. Xiaomi 12 Series features advanced Qualcomm® Snapdragon™ mobile platforms. Xiaomi 12 Pro and Xiaomi 12 boast a Snapdragon® 8 Gen 1 processor – Qualcomm’s most advanced mobile platform. Built on a 4nm process, this processor also boosts GPU graphic rendering capabilities by 30% and energy efficiency by 25% when compared to the previous generation. Both three devices come with UFS 3.1 exceptional loading and data transfer speeds, along with LPDDR5 RAM for memory speeds up to 6,400Mbps. For optimal product experience, Xiaomi 12 Series packs a high-performing cooling system, bolstered by a super-large vapor chamber and multiple layers of graphite to offer a leading–cooling capability. 

All-around elevated entertainment experiences 

Xiaomi 12 Series not only lets users capture every moment in exquisite detail, but also allows them to relive those moments in astonishing detail via an exceptional entertainment experience.  Both devices offer vivid viewing on an AMOLED Dot Display rated A+ by DisplayMate, and with TrueColor support. For added peace of mind, the display features scratch-resistant Corning® Gorilla® Glass Victus®, and supports Dolby Vision®, industry’s leading imaging technology that brings your content to life with vibrant color and details. Xiaomi 12 Series also supports HDR 10+. Xiaomi 12 Pro is SGS Eye Care Display Certified, showing care for users’ long-term visual health during marathon sessions.  

Meanwhile, Xiaomi 12 Pro redefines flagship display with incredibly smooth viewing, scrolling, swiping, and sliding. The device’s highly power-efficient 6.73-inch WQHD+ display leverages AdaptiveSync Pro to intelligently adjust dynamic LTPO display between 1Hz and 120Hz based on content. 

Xiaomi 12 delivers Xiaomi’s most colorful smartphone display to date, with more than 68 billion colors on 6.28-inch full-HD+ displays. Both feature 120Hz AdaptiveSync, for an impressively high-definition, vibrant, and flicker-free display that conveys every detail.  

 No cinematic experience is truly complete without pro-grade audio. Xiaomi 12 Series features SOUND BY Harman Kardon, and creates an immersive audio experience powered by Dolby Atmos®, delivering spatial sound with rich detail, clarity, and realism across all your favorite entertainment. Xiaomi 12 Pro’s quad speakers – in the form of two tweeters and two woofers – deliver clear details and cover an astounding range of sound. Xiaomi 12 delivers balanced stereo sound ideal for immersive gaming or video.  To optimize core user experience further, Xiaomi 12 Series incorporates MIUI 13, released globally earlier this year. The update includes faster storage, higher background process efficiency, smarter processing, and longer battery life. New features in the upgraded experience include Xiaomi’s proprietary Liquid Storage, Atomized Memory, Focused Algorithms, and Smart Balance. 

Next-generation charging 

Xiaomi 12 Series delivers pro-grade cinematic and entertainment experiences all day, the devices deliver next-level charging speed and safety.  

 Xiaomi 12 Pro features an incredibly fast 120W Xiaomi HyperCharge. With a 4,600mAh battery fully charged in just 18 minutes using Boost mode, Xiaomi 12 Pro delivers next-generation charging capabilities that keep up with user demands.  Xiaomi 12 fits a 4,500mAh battery into compact body designs. Xiaomi 12 Pro and Xiaomi 12 also support 50W wireless charging and 10W reverse charging.  Both leverage Xiaomi AdaptiveCharge, a smart charging algorithm that learns and adapts to charging habits, which prolongs battery life. 

Flagship capabilities packaged in an iconic design  

These portable pocket-sized studios fit comfortably in the palm of your hand thanks to Xiaomi 12 Series’ iconic and user-centered design. Slimmer high-capacity batteries and a narrower ridge gap save precious space within the device. Xiaomi 12 Pro’s 6.73-inch display is encased in a sleek middle frame with sophisticated 3D curves. Meanwhile, Xiaomi 12’s 6.28-inch display measures just 69.9mm in width and is accented by smooth curves for a perfect fit. Both devices are available in Gray, Purple, and Blue. 

Market Availability   

Xiaomi 12 Pro comes in one variant 12GB+256GB, and recommended retail price starts from PKR 208,999/-.

Xiaomi 12 comes in one variant, 12GB+256GB, and recommended retail price starts from PKR 179,999/-.

Purchase these devices and get a sweet bundle deal where you get a Mi Band 6 and a bag with the Xiaomi 12. Similarly with the Xiaomi 12 Pro, get a Mi Portable Bluetooth Speaker and a 10000mAh Mi Power Bank 3.  Available at top distributor partners such as Phonezo, Airlink, Smartlink etc. For those looking to purchase these online, we’ve news for you  too as these are also available on MiStore and Daraz. 

Quick Specs:

 Xiaomi 12Xiaomi 12 Pro
Display120Hz +  AMOLED DotDisplay120Hz 6.73” AMOLED Dot Display 
Rear Camera50MP main camera 13MP ultra-wide camera 2MP macro camera 5MP depth camera50MP wide angle, ultra-wide and tele macro camera
Front Camera32MP32MP in-display selfie camera
Dimension & Weight152.70mm x 69.90mm x 8.16mm – 180g163.60mm x 74.60mm x 8.16mm 205g
ProcessorSnapdragon ® 8 Gen 1Snapdragon ®r 8 Gen 1
Charging4500mAH – 67W charge4600mAH – 120W charge
Variant12GB + 256GB12GB + 256GB
Color AvailableGray, Purple & BlueGray, Purple & Blue

About Xiaomi Corporation  

Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core.  

Embracing our vision of “Make friends with users and be the coolest company in the users’ hearts”, Xiaomi continuously pursues innovations, high-quality user experience and operational efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology.  

Xiaomi is one of the world’s leading smartphone companies. The company’s market share in terms of smartphone shipments ranked no. 3 globally in the third quarter of 2021. The company has also established the world’s leading consumer AIoT (AI+IoT) platform, more than 400 million smart devices connected to its platform as of September 30, 2021, excluding smartphones and laptops. Xiaomi products are present in more than 100 countries and regions around the world. In August 2021, the company made the Fortune Global 500 list for the third time, ranking 338th, up 84 places compared to 2020.  

Xiaomi is a constituent of the Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng TECH Index and Hang Seng China 50 Index. 

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TECNO to launch its new Spark phone in Pakistan soon

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TECNO to launch its new Spark phone in Pakistan soon

TECNO to launch its new Spark phone in Pakistan soon

After massive success in the Pakistani Mobile market, TECNO is rumored to be preparing for a new addition to its Spark series. The globally eminent smartphone brand TECNO has been working tirelessly in Pakistan for quite some time now. The brand has brought forward some great phones over the years with advanced technologies, pocket-friendly prices, and stylish designs. 

Spark is TECNO’s famous mid-range series, bringing you quality devices at lower prices. Spark 8C is an entry mobile that is expected to be around PKR 19,499 to PKR 22,999. The price is not confirmed yet but we are expecting it around this segment. The phone is going to be a stunner in this range with Stylish Design and great Battery.

According to sources, Spark 8C will be equipped with better memory and memory fusion features than any other phone in this range. Memory Fusion Technology is specially designed to channel RAM operations by using unused read-only memory (ROM). This means it can expand the memory of 4+128GB to 7+128GB and that of 3+64GB into 6+64GB maximum. The RAM can be updated or expanded from 3GB to 6GB and 4GB to 7GB depending on the variant. If this is true, then Spark 8C shall be the only smartphone to provide such an amazing feature with 128GB in such an affordable price range.

Moreover, the phone is anticipated to provide efficient performance with a powerful processor and big battery. The 90Hz refresh rate, great display, and handy body design will make it a user-friendly device. The phone is expected to launch somewhere in mid-March 2022. Furthermore, the phone is being assembled in Pakistan to make it economical and pocket-friendly for the local consumers. 

So, fingers crossed for this new Spark device to be soon launched in Pakistan. Stay tuned for more updates and much more about tech!

Jazz appoints Atyab Tahir as CEO JazzCash

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Jazz appoints Atyab Tahir as CEO JazzCash

Jazz appoints Atyab Tahir as CEO JazzCash

Jazz, Pakistan’s leading digital operator (part of VEON Group NASDAQ: VEON, Euronext Amsterdam: VEON), announces the appointment of Atyab Tahir as the CEO of JazzCash effective May 1 2022.

Atyab, currently serving as Country Manager MasterCard Pakistan & Afghanistan, has over two decades of international experience in banking and consulting. Atyab has also held senior positions at Fidelity Investments, HBL, Telenor Bank and easypaisa. He holds a BA from Dartmouth College and an MBA from Babson College.

Commenting on Atyab’s appointment Aamir Ibrahim, CEO, Jazz  said: “While mobile phones and payment solutions have accelerated financial inclusion in the country, a significant portion of Pakistan’s adult population remain unbanked. I am confident that under Atyab’s dynamic leadership JazzCash will help boost financial inclusion across the board through innovative and customer-centric products.”

“JazzCash is at the forefront of Pakistan’s digital revolution processing more than 5 million transactions every day and accounting for almost 7% of Pakistan’s GDP. Our aim is to build a world-class fintech serving every single Pakistani, from youth, SMEs, freelancers, with a very strong focus on the unbanked and the underbanked. I look forward to joining the Jazz family and collaborating with our partners in the telecommunications and financial services sector to unlock the true potential of Digital Pakistan.” said Atyab.

A division of Jazz, JazzCash has grown rapidly to become a leader in the country’s marketplace for digital financial services. As shown in VEON Group’s FY21 results that were released on 28 February 2022, JazzCash has 15.2 million monthly active users (+24.9% YoY) and 130,800 monthly active merchants (up by 2.3 times YoY). 

Jazz appoints Atyab Tahir as CEO JazzCash.

vivo V23 5G — The Best in Camera, Technology, Performance and Appearance

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vivo V23 5G — The Best in Camera, Technology, Performance and Appearance

Due to the constant development in the technology space for smartphones, there is always hype surrounding any new ‘firsts’ in the market. There is always excitement as to what will be introduced and how well it will be accepted by the audience. 

Keeping this in mind, Vivo’s latest smartphone vivo V23 5G finds itself in a similar situation. The day it was announced, it received a lot of attention for its color-changing design. The design itself represents a significant advancement in smartphone research and design. Making smartphones not only technologically superior but also cosmetically superior is a step forward.

The continual excitement and experience since the smartphone’s launch has not only solidified its market position but also demonstrated that it is a well-balanced phone that isn’t only focused on aesthetics.

Delving more into the device, the vivo V23 5G dons a high-resolution 50MP AF Portrait Selfie camera on the front. This device focuses heavily on the selfie experience which makes it stand out in the market. The latest ISOCELL 3.0 technology helps the camera increase light sensitivity to capture a more crystal-clear picture for the user. Furthermore, the Eye Autofocus feature enables the users to be the center of attention while clicking the picture as the camera focuses on the user, even if they are in motion. 

The dual front camera system offers a much larger field of view with the help of its 8MP Super Wide-Angle Camera. Furthermore, with modes like the AI Extreme Night Portrait mode, the front camera delivers an unparalleled experience in this price range. The phone also sports a 64 MP main rear camera with an 8MP wide-angle lens and a 2MP Macro that can handle wide natural landscapes very easily. The user experience is further increased with features like the Super Night Mode, Bokeh Flare Portrait, and Ultra Stabilization. It is only right to say that both, the front camera and the rear camera together offer a device that is picture-perfect. 

When it comes to the visual and performance aspects of this phone, there’s no doubt that it’s the best of what vivo has to offer. vivo has always been on the cutting edge of device design and aesthetics. It’s also fair to say that Vivo takes pride in its technological advancements and innovations. Every device that vivo introduces exemplifies this completion.

V23 5G brings out the result of Vivo’s extensive research which is the Color Changing Fluorite AG Design. This material changes its color upon exposure to ultraviolet light and after about 30 seconds under the sun. This switch goes back to normal once the phone is out of sun exposure. Talking more about the appearance of the device, it is the combination of the Metal Flat Frame Design and the Color Changing Fluorite AG Design that gives the device the aesthetic appeal that has been the talk in the industry for a while now. 

All these powerful features that the phone flaunts are powered by the powerful MediaTek Dimensity 920 processor. This processor offers powerful performance and a fast user experience. The Extended RAM 2.0 further enhances the user experience with its versatile features to expand RAM when required. The 90Hz refresh rate display, a Liquid Cooling System, and Ultra Game Mode make it possible for users to enjoy super smooth gameplay performance. This experience is mutually assisted by the 4200mAh battery that features a 44W FlashCharge that helps in interrupted experience and performance. 

To summarise it all, the vivo V23 5G is a proud and well-balanced device that fulfills the requirements of every smartphone enthusiast whether it is for work, casual, or professional usage.

 

Tech Giant XIAOMI launches anticipated Redmi Note 11 Pro – Packing major upgraded to hardwares & software!

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Tech Giant XIAOMI launches anticipated Redmi Note 11 Pro – Packing major upgraded to hardwares & software!

Xiaomi announced the Redmi Note 11 Pro for Pakistani markets, pushing forward the legacy of the Redmi Note series with two all-new devices: Redmi Note 11 Pro and Redmi Note 11. Rising to the challenge to bring even stronger specs and features, Redmi Note 11 series packs powerful upgrades to its camera system, charging speed, display, and SoC—making flagship-level smartphone performance more accessible than before. All this available in a bundle deal, with Redmi Buds 3 completely free.

Flagship-level 108MP quad camera to deliver outstanding photography

Boasting a rear quad camera setup, Redmi Note 11 Pro delivers an outstanding photography experience with zero compromise. Its 108MP main camera captures stunning images in high-resolution and vivid colors; an 8MP ultra-wide angle camera extends your perspective with a 118-degree viewing angle; a 2MP macro camera that captures fine details up close and a 2MP depth sensor that’s for capturing more natural looking portrait shots. Accenting the front of the phone is a 16MP front camera that can capture clearer and natural-looking selfies. The 108MP pro-grade main camera utilizes the Samsung HM2 sensor with a large sensor size at 1/1.52 inch, and supports 9-in-1 pixel binning technology as well as a dual native ISO to deliver incredible images in all lighting conditions, with spectacular results especially in dim light.

120Hz FHD+ AMOLED DotDisplay packed into trendy flat-edge body

Featuring a large 6.67′ FHD+ AMOLED DotDisplay with 120Hz display refresh rate, Redmi Note 11 Pro levels up the screen experience with smooth scrolling response and lag-free transitions. The beautiful display is packed into a body with a trendy flat-edge design. Plus, with the dual super linear speakers located at the top and bottom of the phone, Redmi Note 11 offers immersive stereo sound for gaming or watching videos.

Performance powered by 67W turbo charging and MediaTek Helio G96

Redmi Note 11 Pro comes with flagship 67W turbo charging, allowing you to charge up

to 51% of its 5,000mAh high capacity battery in just 15 minutes Powered by MediaTek Helio G96, Redmi Note 11 Pro also delivers a smooth and seamless performance.

Market availability:

Redmi Note 11 Pro comes in two variants – 6GB+128GB, and 8GB+128GB and are available at top distributor partners such as Phonezo, Airlink Communication, Smartlink and Tech Sirat. For those looking to purchase these online, we’ve news for you  too as these are also available on MiStore.

Redmi Note 11 Pro

6GB+128GB: PKR 51,999/-

8GB+128GB: PKR 59,999/-

Redmi Note 11 Quick Specs:

 Redmi Note 11
Display120Hz  6.67” FHD+ AMOLED DotDisplay
Rear Camera108MP main camera 8MP ultra-wide camera 2MP macro camera 2MP depth camera
Front Camera16MP in-display front camera
Dimension & Weight164.19mm x 76.1mm x 8.12mm 202g
ProcessorMediaTek Helio G96
Charging5,000mAh (typ) battery Supports 67W wired Pro fast charging
Variant6GB+128GB, 8GB+128GB
Available ColorGraphite Gray, Polar White, Star Blue

The Redmi Note 11 Pro is available at PKR 51,999/- for the 6+128GB variant and PKR 59,999/- for the 8+128GB variant. A bundle deal with Redmi Buds 3 absolutely free!

About Xiaomi Corporation

Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core.

Embracing our vision of “Make friends with users and be the Coolest Company in the users’ hearts”, Xiaomi continuously pursues innovations, high-quality user experience and operational efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology.

Xiaomi is one of the world’s leading smartphone companies. The company’s market share in terms of smartphone shipments ranked no. 3 globally in the third quarter of 2021. The company has also established the world’s leading consumer AIoT (AI+IoT) platform, more than 400 million smart devices connected to its platform as of September 30, 2021, excluding smartphones and laptops. Xiaomi products are present in more than 100 countries and regions around the world. In August 2021, the company made the Fortune Global 500 list for the third time, ranking 338th, up 84 places compared to 2020.

Xiaomi is a constituent of the Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng TECH Index and Hang Seng China 50 Index.

PM orders suspensions, criminal proceedings after PIMS nursery fire inquiry

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PM orders suspensions, criminal proceedings after PIMS nursery fire inquiry

ISLAMABAD: Special Report: Interim inquiry finds serious fire-safety lapses, delayed emergency notification and administrative failures; senior PIMS officials, CDA officer and security personnel face action.

inquiry_pims_2808_Flare_watermarked_260829_215706

Prime Minister Shehbaz Sharif has ordered the immediate suspension of several senior officials of the Pakistan Institute of Medical Sciences (PIMS) and external agencies, along with initiation of criminal proceedings against three persons, after an inquiry into the deadly fire at the hospital’s MCH/Nursery identified serious deficiencies in fire safety, emergency preparedness and administrative oversight.

The inquiry committee, constituted on the directions of the Prime Minister following the August 26, 2026 fire incident, submitted its interim report on August 28. The committee examined CCTV footage, hospital and security records, fire-safety arrangements and the response of PIMS, CDA/CES and other relevant agencies.

According to the interim findings, CCTV footage showed the first visible emergency at approximately 6:38:15am, when Charge Nurse Nasreen hurriedly emerged from the nursery and sought assistance. Within approximately two minutes, the situation deteriorated catastrophically. The committee, however, said that the precise technical source of ignition had not yet been conclusively established and would require forensic examination.

The report noted that PIMS did not have a properly approved, communicated, trained and rehearsed MCH/Nursery-specific fire and evacuation Standard Operating Procedure. It also raised serious questions over locked or obstructed emergency exits, inadequate fire and life-safety arrangements and shortcomings in emergency response preparedness.

Significantly, the committee referred to an earlier fire at the PIMS Female Nursing Hostel on July 6, 2026, after which deficiencies in smoke detection, automatic alarms, emergency warning mechanisms, fire-safety inspections and evacuation arrangements had already been identified.

The report said that on August 25, just one day before the fatal nursery fire, a meeting had been held to review implementation of recommendations arising from the earlier incident.

The committee also identified a potentially serious emergency notification gap. CCTV indicated that the emergency was apparent at about 6:38am, while records showed that the Capital Emergency Service received the emergency call at approximately 6:54am. The inquiry said responsibility for any avoidable delay would have to be determined after reconciling telephone and other evidence.

In its interim conclusion, the committee said the fire spread with extraordinary rapidity and the nursery environment became smoke-filled within approximately two minutes. While medical, nursing and security personnel made immediate rescue attempts and evacuated the nursery, the committee said the available record did not support a general finding that frontline clinical staff simply abandoned the newborns.

Following consideration of the report, the Prime Minister directed that Prof. Dr. Imran Sikandar, Executive Director PIMS; Prof. Dr. Sadia Riaz, HoD Neonatology, Children Hospital PIMS; Dr. Nagham, Senior Registrar, Neonatology Department PIMS; Dr. Mutahir Shah, Joint Executive Director MCH; Ch. Waris Ali Raza, Joint Executive Director Non-Medical PIMS; Dr. Nosheela Amjad, Director MCH; Dr. Abdul Rehman, Director General CHS, CDA; and Mr. Muhammad Usman, Assistant Director Security, be placed under suspension and disciplinary proceedings initiated against them.

The Prime Minister further directed that criminal proceedings be initiated against three persons. The order also directed that Charge Nurse Ms. Nasreen and security guard Ms. Maria be placed off duty until further orders, with their continuation to be decided after considering the committee’s recommendations.

The report separately recommended action against officials responsible for an unsupervised Neonatal Intensive Care Unit (NICU), saying clinical examination of newborn babies found the NICU unsupervised and that qualified clinical oversight and management had not been ensured. It recommended suspension and proceedings against Prof. Dr. Sadia Riaz and Dr. Nagham.

The committee also raised prima facie administrative concerns against senior PIMS management over failure to ensure fire-safety arrangements, evacuation procedures, functional exits, emergency preparedness and implementation of earlier recommendations. It said individual criminal responsibility would require further investigation and should not be presumed merely from administrative shortcomings.

In relation to external agencies, the inquiry said CDA’s Capital Emergency Service had previously raised fire-safety deficiencies at PIMS and recommended departmental proceedings against Dr. Abdul Rehman, Director General CES, CDA, and Muhammad Usman, Assistant Director Security, according to their respective responsibilities.

The Prime Minister also ordered that the contract of M/s Belfort Security, which provided security services at PIMS, be reviewed and appropriate action taken for failure to carry out contractual obligations. The matter is also to be referred to the Interior and Narcotics Division for review of the firm’s licence.

In another major administrative decision, Dr. Muhammad Salman, CEO NIH, has been ordered transferred and posted as Executive Director PIMS on deputation until further orders. He will also hold the additional charge of CEO NIH until alternative arrangements are made.

The committee stressed that its findings remain interim and that final criminal culpability should be determined only after comprehensive investigation, including forensic examination and reconciliation of the available evidence.

Pakistan’s Diesel Imports Fall to a Three-Year Low

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Pakistan’s Diesel Imports Fall to a Three-Year Low

Pakistan’s imports of high-speed diesel (HSD) dropped to zero in July 2026, marking the lowest level in almost three years. The sharp decline came as local oil refineries produced enough diesel to meet the country’s domestic demand, reducing the need to bring in costly imported fuel.

According to research based on data from the Oil Companies Advisory Committee (OCAC), Pakistan did not import any high-speed diesel during July. This was the first time since July 2023 that the country recorded zero diesel imports in a month.

The development is being seen as an important change for Pakistan’s fuel sector. Diesel is one of the most widely used petroleum products in the country and plays a major role in transport, agriculture, industry and the movement of goods. When Pakistan imports less diesel, it can save valuable foreign exchange and become less exposed to sudden changes in international oil prices.

The latest figures also show how quickly the country’s diesel import situation has changed. Imports had reached around 288,000 tonnes in November 2025 before falling sharply in the following months. By July 2026, local supply had improved enough for Pakistan to meet its needs without importing any diesel.

Local Refineries Meet Domestic Demand

The main reason behind the fall in diesel imports was the improved supply of locally produced HSD. Pakistan’s refineries were able to produce enough diesel to meet market demand during July.

Industry data showed that HSD upliftment was around 600,000 tonnes during the month. This was broadly in line with sales and overall market demand, showing that the fuel required by consumers was largely available through local production.

High-speed diesel is mainly used by trucks, buses, tractors, heavy machinery, generators and other commercial vehicles and equipment. Because of its wide use across different sectors, Pakistan usually needs a large and regular supply of diesel.

In the past, when local refineries could not produce enough fuel, the country had to depend on imported diesel to fill the gap. However, the July figures show that domestic refineries were able to play a much bigger role in meeting the country’s requirements.

This reduced the immediate need to import diesel from international markets.

First Zero-Import Month Since 2023

The July 2026 figure is especially important because it was the first time in three years that Pakistan recorded no imports of high-speed diesel.

The country had previously seen zero HSD imports in July 2023. Since then, Pakistan continued to rely on imported diesel at different levels, depending on local production, demand and conditions in the international fuel market.

The latest drop to zero shows a major change in the supply situation.

Only a few months earlier, Pakistan was importing significant quantities of diesel. Imports reached around 288,000 tonnes in November 2025. The figures then started to decline as the supply situation improved.

By July 2026, local refineries were producing enough diesel to cover domestic requirements, leading to no recorded imports during the month.

This is a positive sign for the country’s energy sector because reducing dependence on imported fuel can help Pakistan manage its foreign exchange needs more effectively.

Relief for Pakistan’s Foreign Exchange Reserves

Pakistan spends billions of dollars every year on importing petroleum products and crude oil. These imports place pressure on the country’s foreign exchange reserves, especially when international oil prices rise.

When Pakistan can produce more fuel locally, the need to spend dollars on imported refined products can be reduced.

The decline in diesel imports could therefore help the country save foreign exchange. Every shipment that does not need to be imported can reduce the amount of money leaving the country for fuel purchases.

This does not mean that Pakistan has completely ended its dependence on foreign energy. The country still imports large amounts of crude oil and other petroleum products. However, importing crude oil and processing it locally can help strengthen domestic refineries and reduce reliance on imported refined fuel.

Higher local production of diesel could also give Pakistan more flexibility in managing its fuel supplies.

According to analysts, greater availability of locally produced HSD can reduce Pakistan’s exposure to sudden increases in international diesel prices. This can be especially important during periods of global uncertainty, when fuel prices can change quickly.

Protection From Global Price Changes

International oil markets can be highly unpredictable. Prices are affected by wars, political tensions, production cuts, shipping problems and changes in global demand.

Pakistan has often faced difficulties when international fuel prices rise sharply because the country depends heavily on imported energy products.

If diesel is available in larger quantities from local refineries, Pakistan may be less directly affected by sudden price increases in the international market.

However, local fuel prices are still linked to global oil market conditions. Pakistan imports crude oil, and the prices of petroleum products are also influenced by international rates and exchange rate movements.

Still, stronger local refining capacity can provide some protection against supply problems and high import costs.

It can also improve the country’s energy security by ensuring that a larger share of fuel demand is met from domestic refinery operations.

Diesel Remains Vital for Pakistan’s Economy

High-speed diesel is one of the most important fuels for Pakistan’s economy. It is heavily used in the transport sector, particularly by trucks and other vehicles that carry goods between cities and across the country.

A large number of buses, commercial vehicles, tractors and agricultural machines also depend on diesel.

Because of this, any major increase in diesel prices can have an impact beyond the fuel sector.

When diesel becomes expensive, transportation costs can rise. Transporters may charge more to move goods from factories and farms to markets.

These higher costs can then affect the prices paid by consumers.

For example, an increase in diesel prices can make it more expensive to transport vegetables, fruits, wheat, other food items and consumer products. This is one reason diesel prices are closely watched by businesses, farmers and ordinary consumers.

Higher diesel prices can also add pressure to inflation.

On the other hand, a stable and sufficient diesel supply can help keep the movement of goods running smoothly. The latest improvement in local supply is therefore important for several sectors of the economy.

Fuel Prices Continue to Change

The fall in diesel imports comes at a time when Pakistan’s fuel market continues to experience price changes.

The government has moved towards frequent adjustments in petrol and HSD prices in response to changes in international oil prices and other market factors.

Diesel prices have changed sharply during August. On August 20, the price of HSD was reduced by Rs. 32.63 per litre. However, further increases and reductions followed in the following days as market conditions continued to change.

As of August 29, the price of high-speed diesel stood at Rs. 371.44 per litre.

These frequent changes show how sensitive Pakistan’s fuel market is to developments in international energy prices.

The country still remains connected to global markets because of its dependence on imported crude oil and other fuel products. A rise in international prices can eventually affect local fuel rates.

However, producing more diesel locally could help reduce the pressure created by direct imports of refined diesel.

Improved Refinery Performance Matters

The latest figures also highlight the importance of Pakistan’s local oil refineries.

Refineries process crude oil and turn it into useful petroleum products, including petrol, diesel, furnace oil and other fuels.

When refineries operate efficiently and process more crude oil, the country can meet a larger part of its fuel needs locally.

This can reduce the need to import refined products, which may sometimes be expensive.

Pakistan has been working to improve its energy security and reduce its dependence on costly imports. Increasing local refining is an important part of this effort.

The July figures suggest that domestic refineries were able to meet the diesel requirement during the month. This helped Pakistan avoid HSD imports even though diesel sales and overall demand remained significant.

The ability to meet domestic demand through local production is a positive development for the refining sector.

It also shows the importance of keeping refineries operational and improving their capacity over time.

Lower Import Need Could Support the Economy

Reducing diesel imports can have several economic benefits.

First, it can help Pakistan save foreign exchange. The country often faces pressure on its dollar reserves, and petroleum imports are a major part of the import bill.

Second, lower dependence on imported diesel can reduce the risk of supply shortages caused by international shipping problems or market disruptions.

Third, stronger local refinery activity can support the domestic energy industry.

Local refineries can operate at higher levels when there is sufficient demand for their products. This may improve the use of existing infrastructure and support related businesses and workers.

However, the long-term benefits will depend on whether local refineries can continue producing enough diesel to meet demand.

Fuel consumption can change due to economic growth, seasonal activity and changes in transport and agricultural needs.

If demand rises significantly, Pakistan may again need to import diesel.

Therefore, the July figure should be seen as an important improvement rather than a permanent end to diesel imports.

Demand Levels Will Remain Important

Pakistan’s future diesel import requirements will depend on several factors.

One of the most important factors will be domestic demand. If the economy grows and more goods are transported across the country, diesel consumption may increase.

Agricultural activity can also affect demand. Farmers use diesel in tractors, tube wells and other machinery.

Similarly, industrial and transport activity can change the overall need for HSD.

Another major factor will be the performance of local refineries. If refineries continue producing enough diesel, Pakistan may remain less dependent on imports.

International fuel prices will also play an important role.

If imported diesel becomes very expensive, local production may become more attractive. On the other hand, if local supply falls or demand rises sharply, imports may again become necessary.

The government and oil companies will need to closely monitor supply and demand to avoid shortages.

A Positive Development for Pakistan’s Fuel Sector

The fall in high-speed diesel imports to zero in July 2026 is an important development for Pakistan’s energy sector.

For the first time since July 2023, Pakistan did not need to import HSD during a month because local refineries were able to meet domestic requirements.

The change also shows a sharp decline from the situation in November 2025, when diesel imports had reached around 288,000 tonnes.

Industry demand during July remained strong, with HSD upliftment standing at around 600,000 tonnes. Despite this demand, local supply was sufficient to keep the market supplied.

This could help Pakistan reduce pressure on its foreign exchange reserves and limit its exposure to sudden increases in international diesel prices.

Since diesel is a key fuel for transportation, agriculture and the movement of goods, a stable supply is important for the wider economy.

The latest figures are therefore encouraging for Pakistan. However, the country will still need to continue improving refinery performance, managing fuel demand and ensuring sufficient supplies in the future.

For now, the zero-import figure marks a major milestone. It shows that Pakistan’s local refineries were able to meet the country’s diesel needs during July, bringing diesel imports down to their lowest point in three years.

If this trend continues, Pakistan could gradually reduce its dependence on imported refined fuel and strengthen its domestic energy sector. In the long run, better local production and stronger fuel planning could help the country save valuable foreign exchange, improve energy security and reduce some of the risks linked with changing global oil markets.

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Government Rejects Report of Diamer Bhasha Dam Power Project Cut

Usman Yaqoob
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0
Government Rejects Report of Diamer Bhasha Dam Power Project Cut

The federal government has strongly rejected reports claiming that the power generation part of the Diamer Bhasha Dam project has been cancelled or removed from the country’s future energy plans.

The clarification came after reports suggested that the government had decided to continue the construction of the dam mainly for water storage while delaying or dropping its 4,500-megawatt electricity generation component. However, government departments have described these claims as false and misleading.

Officials have made it clear that the Diamer Bhasha Dam remains an important national project and that its power generation component has not been cancelled. The government says the project will continue to serve both major purposes: storing water and producing electricity.

The issue gained attention after a report claimed that Pakistan had decided not to proceed with the hydropower component of the mega project for the time being. The report also suggested that the decision was linked to Pakistan’s existing electricity situation, including surplus generation capacity, lower power demand and the rapid increase in solar energy.

However, the Power Division and other government authorities have rejected these claims and said that no official decision has been taken to remove the electricity generation part of the project.

Power Division Calls Report False

The Power Division responded to the claims by saying that the report about the cancellation of the power generation component was incorrect.

According to the government, the 4,500-megawatt power generation component of the Diamer Bhasha Dam is still a committed project under Pakistan’s current and future electricity planning.

The Power Division said that the project is included in the Indicative Generation Capacity Expansion Plan, commonly known as the IGCEP. This is the national plan used to estimate Pakistan’s future electricity needs and plan new power projects accordingly.

Officials stressed that the power generation section of the dam has not been removed from these plans. They also rejected attempts to create the impression that the government had secretly abandoned a major part of the project.

The government urged people to verify information before sharing reports about important national projects.

According to the official position, the Diamer Bhasha Dam will continue to be developed as a multi-purpose project. This means it is not only being built to store water but also to produce clean and renewable electricity.

Ministry Rejects Claims of Cancellation

The Ministry of Economic Affairs also strongly rejected reports that the government had cancelled the 4,500-megawatt power component.

In its clarification, the ministry described the reports as false and misleading. It said that Diamer Bhasha Dam remains one of Pakistan’s important national projects.

The ministry stated that the government has not changed its basic position on the project. Planning and implementation are continuing in coordination with WAPDA and other relevant government departments.

The government also said that the public and media should rely on official announcements and verified information when reporting on such important matters.

The clarification was important because reports about the alleged cancellation created concerns about the future of one of Pakistan’s biggest water and energy projects.

Diamer Bhasha Dam has been considered important for Pakistan because of the country’s growing need for water storage and affordable electricity.

Report Had Claimed Power Component Was Being Delayed

The controversy began after a report claimed that the government had decided to focus only on the water storage part of the Diamer Bhasha Dam.

According to that report, the government would complete the dam as a water reservoir first, while the 4,500-megawatt hydropower project could be developed later.

The report claimed that Pakistan already had more electricity generation capacity than needed and that the power component of the dam could therefore be postponed.

It also pointed to changes in Pakistan’s energy sector, including the fast growth of rooftop solar systems and uncertainty about future electricity demand.

Another issue mentioned in the report was the large cost of infrastructure required to transmit electricity from the Diamer Bhasha Dam to the national grid.

The report suggested that billions of dollars could be needed for the power evacuation system and related infrastructure.

However, the government has clearly denied that these issues have resulted in any decision to cancel the electricity generation component of the project.

Officials say the project remains part of Pakistan’s long-term plans for both water and energy security.

No Basis for Linking Project With IPPs

The Power Division also rejected claims that independent power producers, commonly known as IPPs, had influenced the government’s approach towards the Diamer Bhasha Dam power project.

The original report had suggested that lobbying by IPPs may have played a role in the alleged decision.

However, the government rejected this claim and said there was no basis for connecting IPPs with the project.

The Power Division said that the business of establishing new IPPs under the old system had effectively come to an end following the government’s move towards a competitive electricity market.

According to officials, attempts to link IPPs with the Diamer Bhasha Dam project were based on assumptions rather than verified facts.

The government also said that such claims should not be used to create unnecessary confusion or controversy around an important national project.

The power sector has remained a major issue in Pakistan because the country has faced high electricity prices, capacity payments, circular debt and changes in power demand.

Because of these problems, any report about a major power project naturally attracts public attention.

However, the government says the claims about the cancellation of the Diamer Bhasha Dam power component are not correct.

WAPDA Confirms Project Is Still on Track

WAPDA, which is responsible for executing the Diamer Bhasha Dam project, has also made it clear that the power generation part has not been dropped.

The chairman of WAPDA said that no decision had been taken by the federal government to remove the electricity generation component from the project.

According to WAPDA, the Diamer Bhasha Dam is a multi-purpose development project with major benefits for Pakistan.

The dam will have a gross water storage capacity of around 8.1 million acre-feet and an installed electricity generation capacity of 4,500 megawatts.

Once fully operational, the hydropower component is expected to produce a large amount of clean electricity every year.

Hydropower is considered an important source of energy because it does not depend on imported oil, gas or coal in the same way as thermal power plants.

This can help Pakistan reduce its dependence on expensive imported fuels over the long term.

WAPDA has also indicated that work related to the project is continuing and that the power generation component remains part of the approved development plan.

Importance of Water Storage for Pakistan

While the electricity generation component has received much attention, the water storage capacity of the Diamer Bhasha Dam is equally important.

Pakistan is facing increasing pressure on its water resources because of population growth, climate change, changing weather patterns and rising agricultural needs.

The country depends heavily on the Indus River system for agriculture and water supply.

Dams and reservoirs help store water during periods when river flows are high. This stored water can then be used when water availability becomes lower.

The Diamer Bhasha Dam is expected to increase Pakistan’s ability to store water and support agriculture.

Water storage is particularly important because Pakistan often faces large differences in water availability during different parts of the year.

During some periods, large quantities of water flow through rivers, while water shortages can occur during dry seasons.

Additional storage capacity can help manage these changes and provide water for agriculture and other needs.

The project is therefore considered important for Pakistan’s water, food and energy security.

Project Has Faced Delays and Rising Costs

Although the government has confirmed that the power component remains part of the project, Diamer Bhasha Dam has faced several challenges over the years.

The project has experienced delays, financial difficulties and significant increases in estimated costs.

Government officials have previously raised concerns about weak planning, management problems and delays in preparing important project documents.

Changes in construction costs, inflation and delays can make large infrastructure projects more expensive.

The financing of such a massive project also remains a major challenge.

The government has therefore continued to work with WAPDA and other departments on the financial and technical planning required for the project.

Despite these difficulties, the government has maintained that Diamer Bhasha Dam is a national priority.

Officials believe that the long-term benefits of the project make it important for Pakistan’s future.

The dam is expected to support water storage, agriculture, electricity production and economic development.

Clean Energy Remains a Major Benefit

One of the biggest benefits of the power component is the production of renewable electricity.

Pakistan needs to increase the share of cheaper local energy sources to reduce pressure from expensive fuel imports.

Hydropower can play an important role in this effort.

Unlike electricity generated from imported oil or liquefied natural gas, hydropower uses the flow of water to produce electricity.

This can help lower fuel costs over the long term.

The Diamer Bhasha Dam’s planned 4,500-megawatt capacity would make it one of Pakistan’s major hydropower projects.

The electricity produced from the project could help meet future energy needs and support the national grid.

However, the actual value of the project will depend on proper planning, timely construction and effective management.

Large infrastructure projects require strong financial planning and coordination between different government departments.

The government will also need to ensure that electricity transmission systems are ready to deliver power from the project to consumers across Pakistan.

Government Says Project Remains a National Priority

The latest clarification from the government is meant to end speculation about the future of the Diamer Bhasha Dam power project.

The government’s position is that the project has not been changed into a water-storage-only project.

Instead, officials say the dam remains a multi-purpose national project with both water storage and electricity generation as key objectives.

The 4,500-megawatt power generation component remains part of Pakistan’s existing and future electricity planning.

The government has also rejected claims that IPPs influenced any decision regarding the project.

According to official statements, no decision has been made to cancel the power component.

Work on the overall project continues in coordination with WAPDA and relevant government departments.

The government has advised the public to rely on official and verified information instead of unconfirmed reports.

Conclusion

The federal government has firmly rejected reports claiming that the 4,500-megawatt power generation component of the Diamer Bhasha Dam has been cancelled.

Officials have described such reports as false and misleading and have confirmed that the project remains part of Pakistan’s long-term plans.

Diamer Bhasha Dam is expected to play an important role in improving Pakistan’s water storage capacity while also producing clean and renewable electricity.

The government says the project remains a national priority because of its importance for water security, agriculture, food production and the country’s future energy needs.

Although the project has faced delays, rising costs and financing challenges, the official position remains clear: the electricity generation component has not been cancelled.

For now, the government, WAPDA and other relevant departments remain committed to continuing work on the project.

The latest clarification has therefore put an end to reports suggesting that Pakistan had decided to permanently remove the power generation part of the Diamer Bhasha Dam.

As the project moves forward, its progress will continue to be closely watched because of its major importance for Pakistan’s future water and energy security.

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Govt Celebrates Record Rs. 1.2 Trillion Early Debt Repayment

Usman Yaqoob
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0
Govt Celebrates Record Rs. 1.2 Trillion Early Debt Repayment

The government has announced what it describes as a major achievement in Pakistan’s economic management, saying that it has made an early repayment of Rs. 1.2 trillion in public debt. Officials believe the move is an important sign that the country is trying to improve its financial position, reduce pressure from expensive borrowing, and manage its debt in a more responsible way.

According to the government, the record early debt repayment was made possible through better financial planning, improved revenue collection, and careful management of available resources. The authorities say that reducing debt ahead of schedule can help Pakistan lower its future financial burden and create more room for spending on development, public services, and economic growth.

The announcement has been welcomed by government representatives as a positive development at a time when Pakistan is still facing serious economic challenges. The country has spent several years dealing with high inflation, expensive borrowing, pressure on foreign exchange reserves, and large repayments on domestic and external loans.

Officials say the early payment of Rs. 1.2 trillion shows that the government is taking practical steps to deal with these issues.

A Major Step in Debt Management

Public debt has remained one of the biggest challenges for Pakistan’s economy. Every year, the government has to arrange large amounts of money to repay old loans and pay interest on existing debt. When borrowing increases, the cost of servicing that debt also rises.

For this reason, early repayment can be useful. Paying back debt before its scheduled date may help reduce the overall amount of interest that the government has to pay in the future. It can also lower the need to take new loans simply to repay older ones.

The government believes that the Rs. 1.2 trillion early repayment is a major improvement in this area. It has described the amount as a record achievement and said it reflects better control over the country’s financial matters.

Officials say that the focus is not only on borrowing money but also on making sure that debt is managed properly. In the past, Pakistan has often faced a difficult situation where new borrowing was needed to meet old repayment obligations.

The government now wants to reduce this pressure by improving cash management and making repayments when funds are available.

Why Early Debt Repayment Matters

Debt repayment is a normal part of government finances, but paying a large amount earlier than required can have several benefits.

The most important benefit is that it can reduce future financial pressure. If the government is able to pay back some debt ahead of time, it may have fewer large payments to make later.

This can make financial planning easier and reduce the risk of a sudden shortage of funds.

Another benefit is related to interest costs. Loans normally carry interest, and the government has to make regular payments to lenders. When debt is reduced, the amount of money required for future interest payments can also fall.

This is important for Pakistan because interest payments take up a large part of government spending. A significant share of tax revenue is used every year to meet debt-related obligations.

If the government can gradually reduce the debt burden, more resources may become available for other important areas such as education, healthcare, infrastructure, energy, and public welfare.

The government has also linked the early repayment to its broader plan of improving economic stability.

Pressure on Pakistan’s Economy

Pakistan’s economy has faced many difficulties in recent years. High inflation has affected ordinary people, while businesses have struggled with expensive electricity, gas prices, high interest rates, and rising production costs.

At the same time, the government has had to deal with limited financial resources and large debt obligations.

The cost of borrowing has also been a major concern. When interest rates are high, both the government and private businesses have to pay more for loans.

This increases the financial burden and can slow down economic activity.

For the government, high interest payments can reduce the amount of money available for development projects and public services.

Pakistan has also remained dependent on financial support from international lenders and friendly countries. This makes responsible debt management especially important.

The government wants to show that it is taking steps to strengthen the economy and reduce unnecessary financial pressure.

The Rs. 1.2 trillion early repayment is being presented as part of these efforts.

Better Financial Planning

Government officials say that the repayment was made possible because of improved financial planning and better management of government funds.

Managing a country’s finances is a difficult task. The government has to balance tax collection, daily expenses, development spending, subsidies, salaries, pensions, loan repayments, and other financial needs.

Making an early repayment of such a large amount requires careful planning.

The authorities say that better coordination between different financial departments has helped improve the management of available funds.

Instead of allowing large amounts of debt to remain outstanding for longer than necessary, the government is trying to make repayments at a suitable time.

This approach can help reduce future pressure and improve confidence in the country’s financial system.

However, experts often point out that debt repayment should be part of a wider strategy. A government cannot rely only on early repayments if it continues to borrow large amounts in the future.

Long-term improvement depends on increasing revenue, controlling unnecessary spending, expanding exports, and creating sustainable economic growth.

Reducing the Debt Burden

Pakistan’s public debt has grown over the years because of budget deficits, currency pressure, development needs, energy sector problems, and the need to meet old repayment obligations.

When government spending is higher than its income, the difference usually has to be covered through borrowing.

This creates a cycle in which the government may have to borrow more money to finance its expenses and repay previous loans.

Breaking this cycle is not easy.

The government says the early repayment of Rs. 1.2 trillion is an important move towards reducing this burden. By paying back a large amount earlier, the authorities hope to improve the overall debt situation and reduce the need for costly borrowing in the future.

Still, the government will need to continue working on its financial policies. A single large repayment can provide relief, but long-term success will depend on whether Pakistan can maintain stronger revenues and keep its spending under control.

Impact on Government Spending

Debt servicing is one of the largest expenses in Pakistan’s federal budget. A huge amount of government revenue goes towards paying interest and repaying loans.

This leaves less money for development projects and public services.

If debt management improves, the government may have more financial space in the future. Lower debt payments could help create room for spending on roads, schools, hospitals, water projects, technology, and other areas that can support economic development.

For ordinary citizens, the biggest benefit would come if stronger public finances lead to better services and more economic opportunities.

People are less concerned about financial figures alone and more interested in how government decisions affect their daily lives.

Therefore, the real success of the early repayment will depend on whether it helps Pakistan build a stronger economy, control inflation, create jobs, and improve public services.

A Positive Signal for Investors

The government believes that the early debt repayment can also send a positive message to investors and financial institutions.

Investors usually look at a country’s financial condition before deciding where to put their money.

A country that shows better control over its debt and finances may appear more stable to both local and foreign investors.

Improved confidence can support investment, business activity, and economic growth.

Foreign investors, in particular, often pay close attention to government borrowing, foreign exchange reserves, political stability, tax policies, and the overall economic environment.

A large early debt repayment may not solve all of Pakistan’s financial problems, but it can be seen as a sign that the government is trying to improve its financial discipline.

The government will still need to continue reforms and maintain stable policies to build long-term investor confidence.

Challenges Still Remain

Despite the positive announcement, Pakistan continues to face major economic challenges.

The country still has significant domestic and external debt. Large loan repayments will continue to be required in the coming years, while interest payments will remain a major burden on government finances.

The government also needs to improve tax collection. Pakistan has a relatively narrow tax base, and many parts of the economy remain outside the formal tax system.

Increasing revenue without placing too much pressure on existing taxpayers will be an important challenge.

Energy sector issues also continue to affect the economy. High electricity costs, circular debt, and losses in public sector organisations place additional pressure on government finances.

The government will need to deal with these structural problems if it wants to achieve lasting financial improvement.

In addition, Pakistan must increase exports and attract foreign investment. A stronger export sector can help bring more foreign exchange into the country and reduce pressure on external borrowing.

Public Reaction and Economic Expectations

The announcement of the Rs. 1.2 trillion early repayment has given the government an opportunity to highlight its economic management efforts.

Supporters of the move believe that reducing debt pressure is necessary for long-term stability. They say the government should continue making responsible financial decisions and avoid unnecessary borrowing.

However, the public will also expect to see clear benefits in daily life.

People want lower inflation, better employment opportunities, affordable electricity, stable fuel prices, and improved economic conditions.

For this reason, financial achievements need to be connected with real improvements in the lives of ordinary Pakistanis.

If better debt management leads to lower financial pressure on the government, it could help support more balanced economic policies.

The government will need to ensure that any savings created through better debt management are used wisely.

Looking Ahead

The record Rs. 1.2 trillion early debt repayment is being seen by the government as an important milestone in Pakistan’s financial journey.

It shows an effort to reduce the debt burden, lower future pressure, and improve the way public money is managed.

The move may also help improve confidence among investors and financial institutions if it is followed by continued reforms and responsible policies.

However, Pakistan’s economic challenges are far from over. The country still needs to increase revenue, improve exports, control government spending, reform loss-making public institutions, and create a stronger environment for investment and business growth.

The government will also need to protect vulnerable citizens while working towards fiscal stability.

The real test will be whether Pakistan can continue making progress over the coming months and years.

A single repayment of Rs. 1.2 trillion is a major step, but long-term economic success will depend on consistent policies and better financial discipline.

For now, the government is celebrating the early repayment as a record achievement and a sign of improving financial management.

If these efforts continue and are supported by wider economic reforms, Pakistan may gradually reduce its dependence on borrowing and build a more stable financial future.

The government’s message is clear: responsible debt management is becoming an important part of its economic strategy.

Whether this achievement leads to lasting change will depend on what happens next, but the early repayment of Rs. 1.2 trillion has certainly become a major point in the government’s efforts to show that Pakistan is moving towards better financial control.

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ADB Approves $400 Million to Modernise Borders in 11 CAREC Countries, Including Pakistan

Usman Yaqoob
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ADB Approves $400 Million to Modernise Borders in 11 CAREC Countries, Including Pakistan

The Asian Development Bank (ADB) has approved a major $400 million regional financing facility to improve border crossing points across 11 countries in the Central Asia Regional Economic Cooperation (CAREC) region, including Pakistan.

The new funding is aimed at making borders faster, more modern, and better connected. It will support the improvement of roads, rail links, digital systems, and border inspection facilities. The overall goal is to reduce the time people and goods spend at border crossings and lower the cost of trade and transport.

For Pakistan, the development could support its larger goal of improving regional trade links and strengthening connections with neighbouring countries and Central Asian markets.

The ADB has introduced the financing facility under its Border Upgrades for Integration, Logistics, and Development (BUILD) programme. The programme is expected to help CAREC countries deal with outdated border facilities, long delays, rising transport costs, and other problems that make cross-border trade difficult.

A Major Investment in Regional Connectivity

The $400 million facility has been approved to support border improvements across the CAREC region. The region includes Pakistan, Afghanistan, Azerbaijan, China, Georgia, Kazakhstan, the Kyrgyz Republic, Mongolia, Tajikistan, Turkmenistan, and Uzbekistan.

These countries have different economic needs and geographical conditions, but many of them face similar problems at their borders. Trucks carrying goods can face long waiting times, passengers may experience delays, and old systems can make trade slower and more expensive.

Modern border infrastructure can play an important role in solving these issues.

The new ADB financing will help participating countries upgrade important border crossing points. The focus will be on improving both physical infrastructure and the systems used to manage the movement of people and goods.

The programme is expected to support improvements in road and rail border points, depending on the needs of individual countries and projects.

What Will the $400 Million Be Used For?

The BUILD programme will support several important areas related to border management and regional trade.

One major focus will be the modernisation of infrastructure. This could include improvements to roads leading to border crossings, better facilities for cargo handling, upgraded rail connections, and other essential infrastructure.

The programme will also support the introduction of modern digital systems.

Digital technology can make border processes faster by reducing paperwork and improving coordination between different government departments and agencies. In many cases, traditional manual procedures can cause unnecessary delays.

Modern digital systems can help authorities process information more quickly and improve the tracking of cargo and transport vehicles.

Another important part of the programme will be advanced inspection and screening equipment.

Modern scanning and inspection systems can help authorities check goods more efficiently. This can improve security while also reducing the amount of time vehicles and cargo spend waiting at border points.

The goal is not only to make borders more secure but also to make the legal movement of people and goods easier and faster.

Reducing Delays at Border Crossings

Long delays at borders can create serious problems for businesses, transport companies, traders, and passengers.

When trucks carrying goods remain stuck for several hours or even days, transport costs can increase. Perishable goods can be damaged, delivery schedules can be affected, and businesses may lose money.

Small businesses can be affected more severely because they often have fewer resources to deal with high transport and logistics costs.

The ADB believes that modern border facilities can help reduce these problems.

By improving infrastructure and introducing better systems, the programme is expected to reduce border-crossing times. Faster movement can also help lower transport and logistics costs across the region.

This could make regional trade more attractive and improve the ability of local businesses to sell their products in other countries.

For Pakistan, easier movement of goods could create new opportunities for exporters, transport companies, and businesses involved in regional trade.

Pakistan’s Importance in the CAREC Region

Pakistan has an important geographical position within the CAREC region.

The country connects South Asia with Central Asia and can provide important trade routes to landlocked countries in the region. Pakistan also has access to seaports, which can create opportunities for regional trade and transport.

Better border infrastructure can strengthen Pakistan’s position as a trade and transit route.

Pakistan is already working to improve its transport network and regional connections. Roads, highways, railways, ports, and border facilities are all important for the movement of goods.

However, good roads alone are not enough.

If cargo reaches a modern highway but remains stuck for long periods at a border crossing, the benefits of the transport infrastructure can be reduced. This is why efficient border management is considered an important part of regional connectivity.

The new ADB facility could help participating countries improve the weak points in the movement of goods and people across borders.

Improving Trade Between CAREC Countries

One of the main goals of the programme is to increase trade within and beyond the CAREC region.

Trade can help countries expand their markets and create new opportunities for businesses. A company that sells its products only in the local market has limited customers. Access to regional and international markets can allow businesses to grow.

However, high transport costs and border delays can make cross-border trade difficult.

A product may be competitive in price when it leaves a factory, but long delays, additional transport costs, and complicated border procedures can make it more expensive by the time it reaches another country.

Improving border systems can help reduce these extra costs.

The BUILD programme is expected to support stronger economic corridors and better links between countries. It could help create smoother transport routes for goods moving between Central Asia, South Asia, China, the Caucasus, and other markets.

For Pakistan, stronger regional links may support efforts to increase exports and expand trade with neighbouring and Central Asian countries.

More Opportunities for Small and Medium Businesses

The new border financing facility is also expected to benefit small and medium-sized businesses.

Large companies usually have more resources to manage complicated transport systems and border procedures. Smaller businesses may find it more difficult to deal with long delays and high logistics costs.

If border crossings become faster and more efficient, smaller businesses may find it easier to take part in cross-border trade.

This could allow companies to reach new customers outside their home countries.

Small and medium-sized enterprises play an important role in creating jobs and supporting economic activity. Better access to regional markets can help these businesses grow.

For Pakistani businesses, improved regional trade systems could create more opportunities to export products and services.

Sectors such as agriculture, textiles, food products, manufacturing, and logistics may benefit from better trade connections.

Modern Borders Need Modern Technology

Technology will be an important part of the ADB-backed programme.

In the modern world, efficient border management is increasingly dependent on digital systems.

Paper-based procedures can be slow and may require businesses to submit the same information to several different departments. Digital systems can help reduce unnecessary paperwork and improve communication.

Electronic data sharing can also help border authorities process information before a truck or shipment arrives at the border.

This can save time and reduce delays.

Modern screening equipment can also make inspections faster and more accurate.

Instead of manually checking every shipment in the same way, authorities may be able to use technology and risk-based systems to focus more attention on suspicious or high-risk cargo.

Such improvements can support both security and trade facilitation.

A good border system should protect a country while also allowing legal trade and travel to move efficiently.

A 10-Year Regional Programme

The ADB financing facility has been designed to support projects over a period of 10 years.

Under the facility, qualifying border projects can receive financing for priority investments.

The programme is expected to make it easier for participating countries to move forward with smaller but important border infrastructure projects.

According to the approved framework, ADB financing for an individual qualifying project can be limited to $50 million.

This approach can allow the facility to support multiple projects across the region instead of focusing all available funding on one major development.

Different countries can have different needs.

One country may require a better road connection to a border crossing. Another may need modern cargo inspection equipment. A different location may need digital systems or improved railway facilities.

The financing structure allows projects to focus on local requirements while working toward the larger goal of better regional connectivity.

The Countries Included in the Programme

The CAREC region covered by the new financing includes 11 countries.

These are Pakistan, Afghanistan, Azerbaijan, China, Georgia, Kazakhstan, the Kyrgyz Republic, Mongolia, Tajikistan, Turkmenistan, and Uzbekistan.

The region covers an important area linking several parts of Asia.

Better cooperation among these countries can improve the movement of goods and people across long distances.

Many CAREC countries depend heavily on land transport and cross-border trade. Some are landlocked and need reliable transport routes through neighbouring countries to reach international markets and seaports.

This makes efficient regional connectivity especially important.

Improved border facilities can help reduce some of the challenges created by distance and geography.

Better Borders Can Support Economic Growth

Border infrastructure may not always receive the same attention as major highways, ports, or airports, but it plays a major role in trade and economic activity.

A modern highway is useful only when goods can move smoothly from one country to another.

Long border delays can reduce the benefits of large investments in roads and transport networks.

This is why the new programme focuses on border points as an important part of regional economic development.

Faster and more reliable trade routes can help businesses plan better.

Transport companies can improve their schedules when border waiting times become more predictable. Exporters can deliver products more quickly, while importers can receive important goods with fewer delays.

Consumers may also benefit when lower logistics costs help businesses control their expenses.

Pakistan’s Potential Benefits

Pakistan could benefit from the new facility in several ways.

Improved border infrastructure may support the country’s plans to increase regional trade and strengthen connections with Central Asia.

Pakistan can serve as an important route between Central Asian countries and international markets through its transport networks and seaports.

Better border management could also support Pakistan’s export sector by reducing delays in the movement of goods.

Transport and logistics companies may also benefit from smoother and faster cross-border operations.

The programme may further support Pakistan’s wider efforts to improve digital trade systems and modernise border procedures.

As regional trade grows, efficient border crossings will become even more important.

Pakistan’s location gives it the potential to become a stronger transport and trade link between different parts of Asia. However, achieving this potential will require continued investment in roads, railways, ports, technology, and border facilities.

A Step Towards Faster and Smarter Regional Trade

The ADB’s approval of the $400 million financing facility is an important development for the CAREC region.

The programme aims to move away from slow and outdated border systems and support faster, smarter, and more efficient crossings.

The focus on physical infrastructure, digital systems, and modern inspection equipment shows that improving borders requires more than simply building new facilities.

Modern trade needs good infrastructure as well as efficient systems.

For Pakistan and the other CAREC countries, the programme could help reduce some of the barriers that make regional trade slow and costly.

Faster border crossings could improve transport routes, support businesses, create new market opportunities, and strengthen economic links between countries.

The success of the programme will depend on how effectively the projects are selected and implemented over the coming years.

If the planned improvements are completed properly, the $400 million BUILD facility could help make border crossings across the CAREC region more efficient and better prepared for future growth.

For Pakistan, this could support its long-term goal of becoming more closely connected with regional markets and playing a stronger role in trade between South Asia, Central Asia, China, and other parts of the region.

With trade volumes expected to grow over time, the need for modern and efficient borders will also increase.

The ADB-backed programme is therefore not only about improving border buildings or installing new machines. It is part of a larger effort to make the movement of goods and people easier, reduce unnecessary costs, and bring the economies of the region closer together.

For businesses, traders, transport companies, and ordinary people, faster and better-managed borders could eventually mean more opportunities, lower costs, and stronger regional connections.

The new $400 million facility represents another step towards building a more connected CAREC region, with Pakistan expected to be among the countries that could benefit from improved border infrastructure and stronger trade links in the years ahead.

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Ahsan Iqbal Announces Yet Another Major Plan to Revive Pakistan Railways

Usman Yaqoob
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Ahsan Iqbal Announces Yet Another Major Plan to Revive Pakistan Railways

The federal government has once again announced a major effort to improve and modernise Pakistan Railways, with a new focus on the important Rohri-Multan section of the Main Line-1, commonly known as ML-1. Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal has said that upgrading the country’s railway system remains one of the government’s key priorities.

The latest move comes after years of repeated promises, plans and announcements regarding the revival of Pakistan Railways. According to information shared during a recent meeting, the country’s railway network has suffered serious damage and neglect over the years, leading to hundreds of derailments and many other accidents.

The government is now looking at a new financing plan for the Rohri-Multan section of ML-1, which is expected to cost more than Rs. 450 billion. Officials are considering several ways to arrange the required funds, including government development spending, foreign loans, private investment, local banks and Pakistan’s domestic capital market.

The latest announcement has once again raised hopes that Pakistan Railways may finally receive the investment and attention needed to become a safer, faster and more reliable transport system.

A New Push for the Railway System

Ahsan Iqbal chaired a meeting of a committee that was formed on the directions of the Prime Minister to examine possible financing options for the Rohri-Multan section of ML-1.

During the meeting, the Planning Minister said that the modernisation of Pakistan’s main railway line was an important national priority. He stressed that Pakistan needs a modern, safe and efficient railway network to support the economy, improve passenger travel and make it easier to transport goods across the country.

The ML-1 project is one of the biggest railway development projects in Pakistan. The railway line connects Karachi with Peshawar and passes through many important cities and commercial centres. It is considered the backbone of Pakistan’s railway network.

However, despite being one of the country’s most important transport routes, the ML-1 railway line has faced serious problems because of old tracks, weak infrastructure, limited investment and delayed development work.

The government now wants to upgrade different parts of this important railway route in stages. The Rohri-Multan section is one of the main areas currently under discussion.

More Than Rs. 450 Billion Needed

Officials informed the meeting that the estimated cost of upgrading the Rohri-Multan section is more than Rs. 450 billion.

This is a huge amount of money, especially at a time when Pakistan is facing pressure on its development budget. Because of limited government resources, the authorities are not relying on only one source of funding.

Instead, they are examining different options.

These include funding through the Public Sector Development Programme, foreign financing, public-private partnerships, local commercial banks and Pakistan’s domestic capital markets.

The committee also discussed a proposal from the Frontier Works Organization, or FWO, regarding the development of the Rohri-Multan section through private investment.

The government wants to prepare a complete and practical financing plan before moving forward with the project. The aim is to make sure that the project does not remain stuck because of a shortage of funds.

Ahsan Iqbal stressed the need for a strong and realistic financial plan so that work on the railway project can be completed properly and without unnecessary delays.

Hundreds of Derailments Show the Serious Condition of the Railway

One of the most worrying details discussed during the meeting was the condition of the existing railway infrastructure.

Officials informed the committee that 399 train derailments had taken place during the last 10 years because of the poor and deteriorating condition of the railway line.

In addition to these derailments, another 158 railway accidents were also reported during the same period.

These figures show the serious problems facing Pakistan Railways.

Train accidents do not only cause delays and financial losses. They also put the lives of passengers, railway staff and other people at risk. In many cases, old tracks and outdated railway systems can make travel slower and less safe.

The repeated derailments are also a reminder that the railway system cannot continue to operate properly without major investment and timely repairs.

The government believes that the modernisation of ML-1 can help reduce these problems by improving railway tracks and other important parts of the network.

A modern railway system could improve safety, reduce travel time and provide better services to passengers.

Independent Study Ordered for Rohri-Multan Section

Ahsan Iqbal directed the relevant authorities to arrange a complete feasibility study for the Rohri-Multan section of ML-1.

He said the study should be carried out by a credible and independent third party.

The purpose of the study will be to examine whether the project is technically possible, financially practical and economically beneficial.

The independent review will also help the government select the best financing model for the project.

This is important because the project involves a very large amount of public and private money. Before making a final decision, the government wants a detailed assessment of the expected costs, possible benefits and future financial requirements.

The study will look at the technical condition of the railway section and the work required for its upgrade.

It will also help the government understand how the project can be financed without creating unnecessary pressure on the national budget.

According to the Planning Minister, the final financing model should be practical and sustainable.

Karachi-Rohri Work Expected to Move Forward

While the Rohri-Multan section is still being examined for financing, the government has also announced progress on the Karachi-Rohri section of ML-1.

Ahsan Iqbal said that work on the Karachi-Rohri railway section will begin during the current fiscal year with financing support from the Asian Development Bank.

The relevant authorities have been directed to complete all necessary preparations in time.

The Karachi-Rohri section is another important part of Pakistan’s railway network. Its improvement is expected to strengthen the movement of both passengers and goods.

The railway route between Karachi and the rest of the country is particularly important because Karachi is Pakistan’s biggest port city and a major centre for trade and business.

A stronger railway connection can make it easier to transport goods from ports to different parts of Pakistan.

It can also reduce pressure on roads and highways, where heavy trucks currently carry a large amount of freight.

The government hopes that a better railway network will improve trade and reduce transport costs.

Pakistan Railways Needs More Than New Tracks

During the meeting, Ahsan Iqbal also directed the Ministry of Railways to prepare a complete assessment of the railway system’s future needs.

He asked officials to examine the requirements for new locomotives, freight wagons and passenger coaches.

These needs should be included in one complete plan for the future modernisation of Pakistan Railways.

This shows that the government is not only focusing on railway tracks.

A modern railway system also requires reliable engines, better passenger coaches and enough freight wagons to carry goods.

Pakistan Railways has faced problems with old locomotives and aging coaches for many years. Passengers often complain about delays, poor facilities and technical problems.

Freight services also need better planning if the railway system is to compete with road transport.

The Planning Minister said the future financial requirements for these improvements should also be properly calculated and included in an overall railway development plan.

Development Budget Cuts Remain a Major Problem

Ahsan Iqbal also pointed out that continued reductions in the development budget are affecting major national projects.

Large infrastructure projects need stable funding over many years. When funds are reduced or delayed, work can slow down and project costs can increase.

This is one of the biggest challenges facing Pakistan’s development sector.

Because of these financial pressures, the government is now looking for alternative ways to fund major projects.

Public-private partnerships are being considered as one option. Under this model, private companies can invest in government projects under agreed arrangements.

Local banks and capital markets are also being examined as possible sources of funding.

Foreign financial institutions may also provide loans or support for railway development.

The main challenge will be to find a financing method that is affordable for Pakistan and does not create unnecessary financial pressure.

The government has been asked to use available resources more effectively while also looking for new sources of investment.

Why ML-1 Is Important for Pakistan

The ML-1 project is not just about repairing railway tracks.

According to Ahsan Iqbal, it is a major national project that can have a strong impact on Pakistan’s transport system, trade, industry and overall economic activity.

Pakistan’s railway network has the potential to play a much bigger role in the national economy.

Railways can carry large numbers of passengers and huge amounts of cargo over long distances. Compared with road transport, trains can also help reduce pressure on highways.

A better railway system can make travel easier for the public and improve the movement of goods for businesses.

Industries can benefit from a reliable freight railway service because goods and raw materials can be moved in large quantities.

Pakistan also wants to improve regional trade and connectivity. A stronger railway system could support future transport links with neighbouring countries and other regional markets.

For these reasons, the modernisation of ML-1 is considered important for Pakistan’s long-term economic development.

A Long History of Railway Revival Plans

Pakistan Railways has seen many revival plans and reform announcements over the years.

Successive governments have promised to improve railway tracks, introduce modern trains, increase passenger facilities and strengthen freight operations.

However, many projects have faced delays because of funding shortages, changes in government priorities and other administrative problems.

The latest plan is therefore another major test for the government.

The figures showing hundreds of derailments over the last decade also make clear that the need for improvement is not new.

Pakistan’s railway infrastructure requires long-term planning rather than short-term announcements.

For the latest effort to succeed, the government will need to arrange stable funding, complete feasibility studies and ensure that development work is carried out on time.

The project will also require proper monitoring to make sure that public money is used effectively.

Government Hopes to Build a Modern Railway Network

Ahsan Iqbal said that a modern and efficient railway system is essential for the country.

The government believes that improved railway services can support economic growth, make passenger travel safer and help businesses transport goods more easily.

The plan is to move towards an integrated railway system that includes modern tracks, improved locomotives, better freight wagons and upgraded passenger coaches.

Such a system could improve the overall experience of railway passengers and help Pakistan Railways increase its role in national transport.

However, the success of the plan will depend on how quickly and effectively the government can move from discussions to actual development work.

The financing of the Rohri-Multan section remains one of the biggest challenges.

With a cost of more than Rs. 450 billion, the project requires careful financial planning.

The government is therefore considering every available option before making a final decision.

The Road Ahead

The latest meeting shows that the federal government is once again trying to find a workable path for the long-delayed modernisation of Pakistan Railways.

The Rohri-Multan section of ML-1 is now a major focus, while work on the Karachi-Rohri section is expected to move ahead with Asian Development Bank financing.

The government is also planning an independent feasibility study and a complete review of the future needs of the railway sector.

This includes the need for locomotives, freight wagons and passenger coaches.

For ordinary Pakistanis, the most important question will be whether these plans finally lead to visible improvement.

Passengers want safer trains, better coaches, fewer delays and more reliable services.

Businesses want an efficient system that can move goods across the country at a reasonable cost.

The government has once again presented railway modernisation as a major national priority. The coming months will show whether this latest attempt can finally turn years of railway revival promises into real progress.

If the required financing is arranged and the projects are completed on time, the ML-1 upgrade could become an important step towards a safer, faster and more modern railway system for Pakistan.

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Gold Could Cross Rs. 5 Lac in Pakistan Next Week

Usman Yaqoob
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0
Gold Could Cross Rs. 5 Lac in Pakistan Next Week

Gold prices in Pakistan may once again move towards the historic level of Rs. 5 lakh per tola in the coming days as both local and international market conditions continue to support higher rates.

The price of gold remained unchanged on Friday after international bullion prices also showed little movement. However, despite the calm seen in the market at the end of the week, gold has remained highly expensive and continues to stay close to major record levels.

According to the latest rates shared by the All Pakistan Gems and Jewellers Sarafa Association, the price of 24-karat gold remained at Rs. 483,036 per tola. Similarly, the price of 10 grams of 24-karat gold stayed unchanged at Rs. 414,125.

The latest situation has increased expectations that if international gold prices start rising again next week, the local price in Pakistan could quickly move towards the Rs. 5 lakh per tola mark.

Gold prices have been moving up and down sharply in recent weeks. Earlier this month, the precious metal recorded a huge increase of around Rs. 32,000 per tola in only six consecutive days. This showed how quickly prices can change when international market conditions become favourable for gold.

Even though gold saw a fall of Rs. 3,500 per tola on Thursday, the price remained at a very high level. Friday brought no further change, keeping the local rate at Rs. 483,036 per tola.

Gold Remains Close to a Major Price Level

The Rs. 5 lakh per tola mark is now within reach once again. At the current price of Rs. 483,036, gold needs to increase by less than Rs. 17,000 per tola to reach the Rs. 5 lakh level.

Considering the sharp changes already seen in the gold market during recent weeks, such an increase is possible if international prices move higher.

The price of gold in Pakistan is strongly connected with the international market. When global gold prices increase, the impact is usually reflected in local rates. The value of the Pakistani rupee against the US dollar can also affect domestic gold prices.

Because gold is traded internationally in US dollars, any major movement in the dollar or international bullion market can influence how much Pakistani buyers have to pay.

On Friday, international gold prices remained around $4,605 per ounce, including a premium of $20. The lack of movement in the global market also resulted in stable gold prices in Pakistan.

However, market conditions can change quickly. If international gold gains strength again, local prices may rise sharply.

Gold Had Already Risen Rs. 32,000 in Six Days

One of the biggest signs of recent volatility was the massive increase recorded earlier this month.

Gold gained approximately Rs. 32,000 per tola during six consecutive days. This was a very large increase in a short period and showed the strong upward momentum that had developed in the market.

Such a rapid rise also created concern among people planning to buy gold, especially families preparing for weddings and other important occasions. Gold jewellery has traditionally been an important part of Pakistani culture, but continuously rising prices are making it more difficult for many families to purchase.

For investors, however, higher gold prices can increase the value of their existing holdings.

The recent increase has also attracted the attention of people who keep gold as a long-term investment. Many Pakistanis consider gold a safer place to protect their savings during periods of economic uncertainty and rising inflation.

However, the sharp changes in prices also mean that people need to remain careful, as gold does not always move in only one direction.

Thursday Saw a Rs. 3,500 Decline

After recording strong gains earlier, the gold market saw some correction on Thursday.

The price of gold dropped by Rs. 3,500 per tola and reached Rs. 483,036. The decline provided some relief after the major increase seen earlier in the month.

However, Friday brought no further decrease. The price remained unchanged, showing that gold was still holding its position at a very high level.

This stability has created interest in what may happen when the market opens next week.

If international gold prices remain strong or move higher, Pakistan’s local gold market may again start an upward journey. A relatively small increase from the current level could bring the price close to Rs. 5 lakh per tola.

For this reason, jewellers, investors and ordinary buyers are closely watching developments in the global bullion market.

International Market Will Play a Key Role

The international gold market will remain one of the main factors affecting local prices.

Gold is considered a safe investment during times of global economic uncertainty. When investors become worried about inflation, financial markets or political tensions, many of them move their money towards assets such as gold.

Higher demand can push international gold prices upwards.

When international rates rise, Pakistan usually experiences an increase in domestic gold prices as well. However, local prices can also be influenced by the exchange rate of the Pakistani rupee.

A weaker rupee can make imported gold more expensive, while a stronger rupee may reduce some of the pressure on local prices.

This means that even if international gold prices remain stable, changes in the currency market can still affect rates in Pakistan.

For the coming week, both international gold prices and currency movements will be important.

Why Gold Is Important for Pakistani Buyers

Gold has a special place in Pakistani society. It is widely used in jewellery and is also seen as a traditional form of saving.

Many families purchase gold jewellery for weddings, while others buy gold coins, bars or jewellery as a way to save money.

For many people, gold is considered a valuable asset because it can hold its value over long periods. During difficult economic conditions, people often become more interested in gold because they believe it can provide some protection against the falling value of money.

However, record-high prices have made gold difficult to afford for many households.

At nearly Rs. 5 lakh per tola, buying even a small amount of gold requires a large amount of money. This has become a major challenge for families with limited budgets.

Jewellery buyers are particularly affected because wedding jewellery is an important expense for many Pakistani families.

Some buyers may reduce the quantity of jewellery they purchase or choose lighter designs in order to manage rising costs.

Silver Prices Move Higher

While gold prices remained unchanged on Friday, silver recorded an increase.

The price of silver gained Rs. 180 per tola during the day and closed at Rs. 7,509 per tola.

The increase showed that interest in precious metals remained strong.

Although silver is much cheaper than gold, it can also experience major changes in value. Investors and buyers often keep an eye on silver prices because it is used both as an investment asset and in different industries.

The rise in silver also reflected the overall importance of the precious metals market, where international economic developments can quickly affect prices.

Can Gold Really Cross Rs. 5 Lakh?

The possibility of gold crossing Rs. 5 lakh per tola next week cannot be ignored.

At the current rate of Rs. 483,036 per tola, the market is already close to this major level. A strong increase in international prices could easily push local gold rates higher.

Gold has already shown that it can make large gains in a short period. The increase of around Rs. 32,000 in six consecutive days earlier this month is a clear example of how quickly the market can move.

At the same time, Thursday’s Rs. 3,500 decline also showed that prices can fall when market conditions change.

Therefore, the future direction of gold will depend on several factors, including international bullion prices, investor demand, global economic developments and the value of the Pakistani rupee.

People expecting a guaranteed increase should remain cautious because precious metal prices can be highly unpredictable.

Investors and Buyers Remain Watchful

The current situation has created two different concerns in the market.

Investors are watching to see whether the recent upward trend will continue and take gold to another record level. Those who already own gold may benefit if prices rise further.

On the other hand, people planning to buy gold are worried that delaying their purchase could make it even more expensive.

Wedding season buyers and families making jewellery purchases may face particular pressure if rates move closer to or above Rs. 5 lakh per tola.

Some buyers may prefer to wait in the hope that prices will fall, while others may decide to purchase before another possible increase.

The decision is not easy because gold prices can change quickly based on international developments.

The Week Ahead Will Be Important

The next week could be important for Pakistan’s gold market.

The price has already remained close to the Rs. 5 lakh level, and any major increase in international rates may push local gold prices towards that mark again.

For now, 24-karat gold stands at Rs. 483,036 per tola, while 10 grams of gold cost Rs. 414,125.

International gold is currently around $4,605 per ounce, including a $20 premium. Meanwhile, silver has moved higher and is being sold at Rs. 7,509 per tola after gaining Rs. 180.

The market may remain sensitive to international developments in the coming days. Any strong movement in global bullion prices or the Pakistani rupee could directly affect local rates.

With gold already standing at an extremely high level, even a moderate increase may be enough to take it closer to Rs. 5 lakh per tola.

For now, buyers, investors and jewellers will continue to watch the market closely as Pakistan enters another important week for gold prices. Whether the yellow metal crosses the Rs. 5 lakh mark will largely depend on how international markets perform and whether the current strong trend returns.

One thing, however, is already clear: gold remains one of the most closely watched commodities in Pakistan, and its next major move could come sooner than many buyers expect.

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