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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.

PKR Gains Rs. 1 Against Canadian Dollar and Euro

Usman Yaqoob
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PKR Gains Rs. 1 Against Canadian Dollar and Euro

The Pakistani rupee (PKR) showed a positive performance against two major foreign currencies, the Canadian Dollar (CAD) and the Euro (EUR), gaining around Rs. 1 against each during the latest trading session. The improvement in the value of the local currency comes as Pakistan continues to closely watch developments in both local and international financial markets.

Currency movements remain important for businesses, investors, overseas Pakistanis, importers, exporters and ordinary people. Even a small change in the value of the rupee can affect the cost of imported goods, foreign travel, education expenses and international business payments.

The latest movement showed that the Pakistani rupee performed better against the Canadian Dollar and the Euro. A stronger rupee means that fewer Pakistani rupees are needed to buy one unit of a foreign currency. This can provide some relief to businesses and individuals who need foreign currencies for payments.

PKR Shows Improvement Against Major Currencies

The Pakistani rupee has experienced different levels of movement against major global currencies in recent months. While its value against the US Dollar remains the main focus of the currency market, changes against currencies such as the Euro, Canadian Dollar, British Pound and Australian Dollar are also important.

During the latest session, the PKR gained about Rs. 1 against both the Euro and the Canadian Dollar. This meant that the local currency became stronger compared with the previous trading session.

The Euro is widely used in European countries and is an important currency in international trade and finance. Similarly, the Canadian Dollar is important for people and businesses dealing with Canada. Changes in these exchange rates can directly affect Pakistani importers, students, travellers and families receiving money from abroad.

The improvement of around Rs. 1 may appear small, but exchange rate changes can have a wider effect when large amounts of money are involved. For example, a business making a large payment in Euros or Canadian Dollars may save a significant amount if the Pakistani rupee becomes stronger.

Why Exchange Rate Movements Matter

Exchange rates affect many parts of Pakistan’s economy. Pakistan imports a wide range of goods from different countries, including machinery, technology products, chemicals, vehicles and other important items. When the rupee becomes stronger against a foreign currency, the cost of buying products from countries using that currency may become lower.

On the other hand, exporters may face different conditions. A weaker rupee can sometimes help exporters because foreign buyers may be able to purchase Pakistani products at lower prices. However, exporters also use imported materials and machinery, which can become more expensive when the rupee loses value.

This is why currency movements are closely followed by businesses and economic experts.

For ordinary people, exchange rates can affect the prices of imported goods available in local markets. Products made using imported parts or raw materials can also become more expensive when foreign currencies rise against the rupee.

A stronger PKR against the Euro and Canadian Dollar may therefore be seen as a positive sign for people and businesses that need to make payments in these currencies.

Euro Remains an Important Global Currency

The Euro is one of the world’s major currencies and is used by several European countries. Pakistan has trade and business relations with European nations, making the Euro important for the country’s economy.

Pakistani businesses involved in trade with Europe closely watch changes in the EUR/PKR exchange rate. Importers buying goods from European suppliers may benefit when the rupee strengthens against the Euro.

Students planning to study in European countries can also be affected by exchange rate movements. Tuition fees, accommodation costs and daily expenses may become more expensive or cheaper depending on the value of the Pakistani rupee against the Euro.

Similarly, Pakistani travellers visiting Europe must exchange their rupees into Euros. A stronger rupee can reduce the number of rupees required for the same amount of foreign currency.

During the latest session, the gain of around Rs. 1 against the Euro offered a small improvement for those who need to buy the European currency.

Canadian Dollar Also Falls Against the Rupee

The Pakistani rupee also gained around Rs. 1 against the Canadian Dollar during the session. This was another positive development for the local currency.

Canada is home to a large Pakistani community, and many Pakistanis have family members, students and business connections in the country. The exchange rate between the PKR and CAD can therefore be important for many households.

Pakistani students studying in Canada often have to pay tuition fees and living expenses in Canadian Dollars. When the PKR becomes stronger against the CAD, the total cost of converting rupees into Canadian currency can become slightly lower.

Businesses involved in trade with Canada may also benefit from a stronger rupee, especially if they need to import goods or services and make payments in Canadian Dollars.

However, people receiving Canadian Dollars from abroad may get slightly fewer rupees when converting the same amount of foreign currency into PKR. This shows that exchange rate movements can create benefits for some people while having a different effect on others.

International Markets Play a Major Role

The value of the Pakistani rupee against currencies other than the US Dollar is not based only on local economic conditions. International currency markets also play a major role.

For example, the Euro may strengthen or weaken because of economic developments in Europe. Changes in interest rates, inflation, trade conditions and central bank decisions can affect the value of the Euro.

The Canadian Dollar is also influenced by global developments. Canada’s economy has close links with commodity markets, especially oil and other natural resources. Changes in global oil prices can therefore affect the Canadian currency.

As a result, the Pakistani rupee may gain against the Canadian Dollar even when there is no major change in Pakistan’s own economic conditions. The same is true for the Euro and other international currencies.

This is why daily exchange rate movements must be understood in the context of both local and global financial developments.

Effect on Importers and Businesses

Businesses that import products from Europe or Canada can benefit when the Pakistani rupee gains value against the Euro or Canadian Dollar.

A stronger PKR means importers may need fewer rupees to complete foreign payments. This can help reduce the overall cost of imported goods.

However, a single day’s gain does not always lead to lower prices in the local market. Businesses usually consider exchange rates over a longer period. Other costs, including taxes, shipping charges, fuel prices and international prices, also affect the final cost of imported products.

Still, regular improvement in the value of the rupee can help businesses manage their expenses better. It may also reduce pressure on companies that have payments due in foreign currencies.

For Pakistan, currency stability is also important because sudden and major changes can create uncertainty in the market. Businesses prefer stable conditions because they can plan future payments and costs more easily.

Impact on Overseas Pakistanis

Millions of Pakistanis live and work outside the country. Many of them send money home to support their families. Exchange rate movements can affect the number of rupees received for the same amount of foreign currency.

If a person sends Euros or Canadian Dollars to Pakistan, a stronger PKR may mean that the family receives fewer rupees after conversion. On the other hand, if the rupee becomes weaker, the same foreign amount can provide more rupees.

Despite this, exchange rates are only one factor affecting remittances. Overseas Pakistanis also consider income, family needs and the overall cost of sending money.

Pakistan receives significant remittances from overseas citizens, making the foreign exchange market an important part of the national economy.

Stability Remains Important for Pakistan

A stable currency is important for Pakistan’s economic planning. Large and sudden changes in the value of the rupee can create difficulties for businesses, investors and consumers.

The latest gain against the Euro and Canadian Dollar is a positive movement, but the overall direction of the currency depends on many factors. These include foreign exchange reserves, imports, exports, remittances, international oil prices and investor confidence.

Government economic policies and decisions by the State Bank of Pakistan can also influence the overall market environment. At the same time, global events can quickly change the value of major currencies.

The PKR’s movement against foreign currencies will therefore continue to be watched closely by market participants.

What Could Happen Next?

It is difficult to predict the exact direction of any currency because financial markets can change quickly. A currency may gain during one trading session and lose value during the next.

The future performance of the PKR against the Euro and Canadian Dollar will depend partly on developments in international markets. Changes in the value of the Euro and Canadian Dollar against the US Dollar can also affect their exchange rates with the Pakistani rupee.

Pakistan’s own economic situation will remain equally important. Strong foreign exchange reserves, stable inflation, controlled imports and healthy remittance inflows can support the local currency.

However, rising import payments, higher oil prices or increased demand for foreign currency can place pressure on the rupee.

For now, the latest session brought some positive news as the PKR gained around Rs. 1 against both the Canadian Dollar and the Euro.

Conclusion

The Pakistani rupee recorded a positive performance by gaining approximately Rs. 1 against the Canadian Dollar and the Euro in the latest trading session. The development showed an improvement in the local currency’s position against these two major international currencies.

Such movements are important for importers, businesses, students, travellers and overseas Pakistanis. A stronger rupee can reduce the cost of foreign payments, although it may also affect the amount received in rupees by people sending money from abroad.

The exchange rate market remains influenced by both Pakistan’s economic situation and changes in international financial markets. The value of the Euro and Canadian Dollar can move because of global economic conditions, making daily currency changes difficult to predict.

The latest gain is a positive development for the Pakistani rupee. However, long-term currency stability will remain more important than short-term daily changes. Businesses and consumers will continue to watch future movements closely as the PKR responds to local economic conditions and changes in the global market.

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New Law Proposes up to Rs. 100 Million Fine on Unlicensed Businesses

Usman Yaqoob
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New Law Proposes up to Rs. 100 Million Fine on Unlicensed Businesses

The government is considering a strict new legal framework that could lead to very heavy penalties for businesses operating without the required licences or registrations. Under the proposed law, unlicensed businesses may face fines of up to Rs. 100 million, making it one of the strongest possible measures against companies and business owners working outside the legal system.

The proposed law is part of a wider effort to improve business regulation, bring undocumented economic activity into the formal system, and ensure that companies follow the rules. The government has recently been working on several tax and regulatory reforms aimed at increasing compliance and making Pakistan’s business environment more organised and transparent.

For many business owners, the proposed penalty has raised serious questions. A fine of Rs. 100 million is a huge amount, especially for small and medium-sized businesses. While the government wants to stop illegal and unregistered business activity, there are also concerns about whether such strong penalties could create problems for genuine businesses that are unable to complete registration because of complicated procedures or other difficulties.

The final impact of the proposed law will depend on how it is implemented and whether proper safeguards are included to protect honest business owners.

What the Proposed Law Means

The basic purpose of the proposed legislation is to make sure that businesses operate legally and obtain the licences, approvals, and registrations required by the government.

Businesses in Pakistan may need different types of licences depending on their nature and the sector in which they operate. Some businesses require registration with tax authorities, while others may need special licences from provincial departments, local authorities, regulators, or other government bodies.

The proposed law aims to take stronger action against businesses that continue operating without meeting these legal requirements.

Under the proposed framework, serious violations could result in a fine of up to Rs. 100 million. The exact penalty may depend on the nature of the violation, the size of the business, and the seriousness of the case.

The proposal shows that the government wants to increase pressure on businesses that remain outside the official system despite having the ability and responsibility to become compliant.

Why the Government Wants Stricter Rules

Pakistan has a large informal economy where many businesses operate without proper registration or full documentation. Some businesses do not maintain complete records, while others may avoid registration or taxes completely.

This creates a difficult situation for the government.

Businesses that follow the law often have to pay taxes, maintain records, obtain licences, and meet different legal requirements. At the same time, businesses operating outside the system may avoid some of these costs.

This can create an unfair situation in the market.

A registered business may have higher expenses because it follows official rules, while an unlicensed or undocumented business may offer similar products or services without meeting the same legal requirements.

The government wants to reduce this difference and create a system where all businesses are treated more fairly.

Pakistan has also been working on broader reforms related to taxation, business regulation, and documentation. Government officials have repeatedly stressed the need to bring more businesses into the formal economy and improve compliance with existing laws.

A Fine of Rs. 100 Million Could Be a Serious Warning

The proposed maximum fine of Rs. 100 million is likely to act as a strong warning for businesses operating without legal permission.

For a large company involved in serious or repeated violations, such a penalty could be used as a major enforcement tool. The government may believe that smaller penalties are not enough to discourage wealthy companies from ignoring the rules.

However, the use of such a high maximum penalty will also increase the importance of clear rules.

Business owners need to know exactly which licences and registrations are required. They should also understand what type of violation could lead to a warning, a smaller penalty, business closure, or a much larger fine.

Without clear procedures, there could be concerns about uncertainty and unfair treatment.

That is why many experts believe that any strict enforcement system should clearly define different levels of violations. A business that makes a minor paperwork mistake should not be treated in the same way as a company that knowingly operates illegally for a long period.

Small Businesses May Be Most Concerned

The proposed law could create particular concern among small and medium-sized businesses.

Pakistan has millions of small shops, service providers, workshops, traders, and family-run businesses. Many of them may not have large teams of lawyers or accountants to manage complex legal and regulatory requirements.

Some small business owners may also be unaware of every licence or approval needed for their work.

If the process for becoming legal and registered is difficult, costly, or confusing, stricter penalties alone may not solve the problem.

The government will therefore need to make compliance easier along with enforcement.

Online registration systems, simple forms, clear instructions, and reasonable fees could help businesses become compliant. A business owner should be able to understand what documents are required and where to apply.

The government has already been discussing regulatory reforms designed to reduce unnecessary hurdles and make business procedures clearer. Hundreds of reforms have been reviewed under the wider effort to improve the ease of doing business in Pakistan.

The Difference Between Genuine Mistakes and Deliberate Violations

One important issue will be the difference between an honest mistake and deliberate lawbreaking.

A business may sometimes fail to renew a licence on time or may be waiting for approval because of delays at a government office. Such cases may be very different from a business that intentionally avoids registration for years.

The law should ideally recognise this difference.

A fair system could first provide notice to the business owner and give them reasonable time to correct the problem. Stronger penalties could then be used against those who ignore repeated warnings or deliberately continue illegal operations.

This approach could help the government achieve its main goal without unnecessarily harming genuine businesses.

Recent discussions on Pakistan’s wider tax reforms have also highlighted the importance of transparency, taxpayer protection, and avoiding unnecessary harassment of businesses while improving compliance.

Government Wants More Businesses in the Formal Economy

The proposed action is linked to Pakistan’s wider efforts to document the economy.

A formal business system can make it easier for the government to collect taxes and monitor economic activity. It can also help businesses access bank loans, investment, insurance, government schemes, and other official services.

When businesses are properly registered, they may also find it easier to build trust with customers and suppliers.

The government believes that expanding the documented economy can help increase tax collection without putting all the burden on existing taxpayers.

In the retail sector, for example, the government has been considering new ways to bring a large number of unregistered businesses into the tax system. Official discussions have noted that millions of retailers remain outside the tax net, while proposals have been developed to improve registration and compliance.

Heavy Penalties May Improve Compliance

Supporters of the proposed law may argue that strong penalties are necessary because some businesses do not take existing rules seriously.

If the punishment for operating without a licence is small, a large company may decide that paying the fine is easier than becoming fully compliant.

A much larger penalty can change that calculation.

The risk of facing a fine of up to Rs. 100 million could encourage companies to review their legal position and make sure all required licences and approvals are valid.

Businesses may also become more careful about renewing expired documents.

In this way, the proposed law could improve compliance even before penalties are actually imposed. The possibility of strict action may itself encourage business owners to regularise their operations.

Concerns About Misuse of Authority

Despite the possible benefits, strong laws also need strong safeguards.

Whenever officials are given the power to impose large fines, there must be clear procedures to prevent misuse.

Businesses should have the right to explain their position if they believe a penalty has been imposed unfairly. There should also be a proper appeal process where disputed decisions can be reviewed independently.

Clear rules can reduce unnecessary disputes and improve trust between businesses and regulators.

If a business owner feels that an official has made an incorrect decision, there should be a legal way to challenge it.

Transparency will be especially important when penalties can reach very high amounts.

The government will need to make sure that enforcement is based on evidence and law rather than personal decisions or pressure.

Compliance Should Be Easier Than Non-Compliance

A successful business law should not only focus on punishment.

It should also make legal compliance easier.

For example, a business owner should be able to find out quickly:

  • Which licences are required for the business.
  • How much the registration process will cost.
  • Which documents must be submitted.
  • How long approval may take.
  • When the licence needs to be renewed.
  • What penalties may apply for violations.

Digital systems could play an important role in this process.

If applications and renewals can be completed online, businesses may face fewer delays. Online systems can also reduce direct contact between officials and business owners.

Pakistan has already been considering wider digital reforms in tax administration to improve transparency and reduce unnecessary physical interaction between taxpayers and officials.

Impact on Investment and Business Confidence

The way the law is implemented could also affect investor confidence.

Investors usually want clear and predictable rules.

A country can attract more investment when businesses know what is required and what will happen if a rule is broken. Clear laws and fair enforcement can improve confidence.

However, if regulations are too complicated or penalties are seen as unpredictable, investors may become concerned.

The challenge for Pakistan will be to create a balanced system.

The government wants to stop illegal business activity, but it also needs to support genuine investment and economic growth.

This means the rules should be strict against deliberate violations but reasonable towards businesses trying to comply.

Businesses Should Review Their Legal Status

If the proposed law moves forward, business owners may need to carefully review their legal documents.

They should check whether their business is properly registered and whether all required licences are valid.

Important documents may include business registration papers, tax registration, sector-specific licences, local authority approvals, and other permissions depending on the type of business.

Businesses should also check the expiry dates of their licences.

In some cases, a business may be legally registered but still face problems because one required approval has expired or was never obtained.

It may be useful for business owners to seek professional advice where necessary, especially if they operate in a heavily regulated sector.

Strong Enforcement Will Need Fair Implementation

The proposed law sends a clear message that the government wants stronger action against businesses operating outside legal requirements.

A maximum fine of Rs. 100 million would make the consequences of serious violations extremely costly.

However, the success of the law will not depend only on the size of the fine.

It will also depend on whether the system is fair, transparent, and easy to understand.

The government will need to ensure that honest businesses are not punished for minor mistakes, delays, or complicated procedures. At the same time, businesses that deliberately ignore the law may face strong action.

The Way Forward

Pakistan’s economy needs more businesses to operate within the formal and documented system.

Better registration, stronger regulation, and improved tax compliance can help create a fairer business environment. Businesses that follow the rules should not feel disadvantaged compared with those operating illegally.

The proposed law, with penalties reaching up to Rs. 100 million, could become an important part of this wider effort.

At the same time, a high penalty should come with clear legal protections.

Business owners should know what the law requires. They should be given a fair chance to correct genuine problems. Regulatory authorities should follow transparent procedures, and there should be a proper appeal system.

The main goal should not simply be to collect large fines. The bigger objective should be to encourage businesses to become legal, registered, and compliant.

If implemented properly, the proposed law could help reduce illegal business activity and bring more companies into the formal economy. But if the rules are unclear or enforcement is unfair, it could create fear and difficulties for genuine businesses.

For this reason, the final version of the law and the way it is enforced will be extremely important. A balanced approach could help Pakistan strengthen its business system while protecting honest entrepreneurs and supporting economic growth.

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IMF Wants Pakistan to Change Electricity Prices Quickly

Usman Yaqoob
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IMF Wants Pakistan to Change Electricity Prices Quickly

Pakistan may be facing another important decision about electricity prices as the International Monetary Fund (IMF) continues to push for changes in the country’s power tariff system. The main purpose behind these changes is to make electricity prices more closely match the actual cost of producing and supplying power.

The IMF believes Pakistan needs to continue making timely changes in electricity prices to avoid further financial problems in the power sector. According to the Fund, delays in adjusting tariffs can increase losses, add to the country’s circular debt, and place more pressure on the national budget.

The issue is highly important for millions of Pakistanis because electricity bills already take up a large part of household expenses. Any increase or change in electricity prices can directly affect families, businesses, industries, and the overall cost of living.

At the same time, Pakistan’s government is under pressure to keep the power sector financially stable while also protecting low-income people from the impact of expensive electricity.

IMF Focuses on Cost-Based Electricity Prices

The IMF has repeatedly said that electricity prices in Pakistan should remain close to the actual cost of generating and distributing power. This means that tariffs may need to be changed whenever fuel costs or other expenses increase.

Pakistan’s power sector has faced serious financial problems for many years. Electricity distribution companies have suffered losses because of power theft, unpaid bills, weak recovery, and technical problems in the system. In addition, the government has often provided large subsidies to keep electricity affordable for different groups of consumers.

While subsidies can provide temporary relief, they also put pressure on the government’s finances. If the difference between the actual cost of electricity and the amount paid by consumers becomes too large, the government must either provide more money or allow debts to grow.

This is one of the main reasons why the IMF wants Pakistan to make tariff changes on time. The Fund believes that keeping prices close to costs can help prevent a new buildup of circular debt.

Why Quick Changes Are Important

According to the IMF’s programme documents, timely electricity tariff adjustments are considered important for the financial health of the power sector. Pakistan has committed to continuing regular changes in electricity prices through monthly fuel cost adjustments, quarterly adjustments, and annual tariff reviews.

Fuel prices can change because of international market conditions, currency movements, and other factors. Since Pakistan imports a large amount of energy, changes in global fuel prices can have a direct effect on the cost of producing electricity.

If the actual cost of power rises but consumer prices are not adjusted, electricity companies may not receive enough money to cover their expenses. This can increase unpaid amounts across the energy sector.

The result is a bigger circular debt problem.

Circular debt is created when different parts of the energy system owe money to each other. For example, power distribution companies may fail to fully pay electricity producers, while producers may struggle to pay fuel suppliers. Over time, these unpaid amounts can grow into a huge financial burden.

The IMF believes that regular tariff adjustments can help stop this problem from getting worse.

Pakistan’s Power Sector Remains Under Pressure

Pakistan has made progress in recent years to improve the condition of its electricity sector. The government has introduced reforms aimed at improving bill recovery, reducing losses, controlling power theft, and lowering some unnecessary costs.

However, major challenges still remain.

A large number of consumers either do not pay their bills on time or are involved in electricity theft. Distribution companies also continue to face technical and commercial losses. In some areas, the amount of electricity supplied is much higher than the amount for which payment is collected.

These problems create financial losses that eventually affect the entire power sector.

The government also has to deal with expensive capacity payments, which are fixed payments made to power producers under existing agreements. Even when electricity demand is lower, these payments can still create a major financial burden.

The IMF has stressed that simply increasing electricity prices will not solve every problem. Pakistan also needs structural reforms that reduce waste, improve efficiency, and lower the overall cost of the power system.

Electricity Price Changes May Affect Consumers

The biggest concern for ordinary Pakistanis is the possible impact on monthly electricity bills.

Families are already dealing with high prices of food, fuel, transport, education, and other daily needs. An increase in electricity costs can make household budgets even more difficult.

Higher electricity prices can also affect the cost of goods and services. Shops, factories, restaurants, offices, and other businesses use electricity for their daily operations. When their electricity bills increase, some businesses may pass these costs on to customers.

This can lead to higher prices in the market.

For industries, expensive electricity can reduce competitiveness. Pakistani manufacturers often complain that high energy costs make it difficult for them to compete with companies in other countries.

This is why the government faces a difficult situation. It has to meet its commitments under the IMF programme and improve the financial condition of the power sector, but it also needs to avoid placing too much pressure on households and businesses.

IMF Wants Protection for Low-Income Consumers

The IMF has also recognised the need to protect vulnerable and low-income consumers.

Rather than giving broad electricity subsidies to large groups of consumers, the IMF has encouraged Pakistan to move towards a more targeted system. Under this approach, financial support would mainly go to families that genuinely need help.

Pakistan is working on plans to replace some existing electricity subsidies and cross-subsidies with a targeted support system for low-income consumers. The Benazir Income Support Programme (BISP) is expected to play an important role in identifying eligible households and providing support.

The purpose is to make government assistance more focused.

Under the existing system, some electricity subsidies may also benefit people who are financially strong enough to pay the full cost. The IMF believes this creates unnecessary pressure on public finances.

A targeted system could allow the government to spend less on general subsidies while giving more direct protection to poor families.

However, the success of such a plan will depend on proper implementation. The government will need accurate consumer data, clear eligibility rules, and an effective payment system.

Regular Tariff Adjustments Are Part of the Plan

Pakistan’s electricity prices can change through several adjustment mechanisms.

One of the most common is the fuel cost adjustment, which reflects changes in the cost of fuel used for electricity generation. Another is the quarterly tariff adjustment, which can take into account changes in other costs within the power sector.

The annual tariff review is also important because it allows regulators to examine the overall financial needs of the electricity system.

The IMF wants these changes to be made without unnecessary delays. Its main argument is that postponing necessary adjustments only creates a bigger financial problem later.

However, electricity price changes are politically sensitive in Pakistan.

People often strongly react to higher bills, especially during the summer when electricity use increases because of fans, air conditioners, and other cooling appliances. For many middle-class and low-income families, even a small increase in the per-unit price can significantly increase the monthly bill.

Because of this, the government must carefully manage both the economic and social impact of tariff reforms.

Government Also Wants to Reduce Electricity Costs

Although the IMF wants electricity tariffs to reflect actual costs, the Pakistani government has also been working on measures to reduce the overall cost of power.

The long-term solution is not simply to keep increasing consumer prices.

The government has been trying to improve electricity distribution companies, reduce losses, increase bill recovery, and move towards a more efficient power market. It is also working on reforms related to power generation and renewable energy.

Pakistan has significant potential in solar and other renewable sources. More affordable renewable energy could help reduce dependence on expensive imported fuel.

However, the shift to cleaner energy must be properly managed. The electricity grid also needs investment so that it can handle changing energy patterns and growing use of solar power.

The government is also moving towards a more competitive electricity market, where major consumers may have more options for buying power.

If these reforms are successful, they could help reduce costs over time.

Industry Wants Affordable and Stable Power

Pakistan’s industrial sector is especially concerned about electricity prices.

Factories require large amounts of power for production. When electricity is expensive, the cost of manufacturing increases. This can reduce exports and make locally produced goods more expensive.

Industrial groups have repeatedly asked the government to provide electricity at competitive rates. Lower energy costs can help factories expand production, create jobs, and increase exports.

However, the government cannot permanently offer very cheap electricity if the difference is paid through large subsidies or leads to more circular debt.

The IMF wants Pakistan to avoid policies that keep electricity prices artificially low without proper financial support.

Instead, the focus is on reducing the real cost of producing and supplying electricity.

This is an important difference. A temporary reduction in bills through subsidies may provide quick relief, but it can create financial problems later. A genuine reduction in the cost of power generation and distribution can provide longer-lasting benefits.

Circular Debt Remains a Major Concern

The circular debt issue remains one of the biggest challenges in Pakistan’s energy sector.

Over the years, unpaid bills, electricity theft, system losses, expensive contracts, delayed subsidies, and weak collection have created huge financial obligations.

The government has taken several steps to control the flow of circular debt. These include improving recoveries and making changes in electricity pricing.

The IMF wants Pakistan to continue these efforts and prevent the problem from growing again.

If circular debt continues to increase, the government may eventually have to use public money to support the energy sector. This means fewer resources may be available for development projects, education, healthcare, and other public needs.

For this reason, the IMF considers power sector reform an important part of Pakistan’s wider economic recovery plan.

What Could Happen Next?

Pakistan is likely to continue reviewing its electricity tariff structure in line with its agreements and reform plans.

This does not necessarily mean that every consumer will face the same type of increase. The government may change fixed charges, subsidy structures, cross-subsidies, and different tariff categories while trying to keep support for vulnerable consumers.

The exact impact will depend on the decisions made by the government and power regulators.

The main challenge will be to balance financial stability with public relief.

Pakistan needs an electricity system that can collect enough money to cover its real costs. At the same time, the system must remain affordable for people with limited incomes.

The IMF has made it clear that it wants Pakistan to continue timely electricity price adjustments and broader power sector reforms. The Fund believes that delaying necessary changes can create larger problems in the future.

For Pakistan, however, the real solution will require more than changing electricity prices.

The country will need to reduce power theft, improve bill recovery, make distribution companies more efficient, control unnecessary costs, expand affordable renewable energy, and provide direct support to families that genuinely need help.

If these reforms are properly implemented, Pakistan may eventually be able to build a stronger and more stable power sector with less dependence on large subsidies and repeated government support.

For now, electricity pricing remains a sensitive issue. The IMF wants Pakistan to move quickly with tariff changes that reflect actual costs, while the government must also consider the pressure on ordinary citizens.

The coming months will therefore be important for Pakistan’s power sector. The country will have to show that it can meet its reform commitments while protecting low-income consumers and reducing the burden of expensive electricity in the long run.

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Govt to Give Cash to Senior Bureaucrats Instead of Free Electricity

Usman Yaqoob
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0
Govt to Give Cash to Senior Bureaucrats Instead of Free Electricity

The government has decided to change the way a major electricity-related benefit is provided to senior officials in Pakistan’s power sector. Instead of allowing eligible officers to receive free electricity units, the benefit is being converted into a cash amount that will be included in their salary package.

The move is part of a wider effort to reduce unnecessary pressure on the country’s struggling power sector and make government benefits more transparent. Under the new system, senior officers will pay their electricity bills like other consumers, while the value of the benefit they previously received through free units will be provided in monetary form.

The policy has also received legal support after the Lahore High Court upheld the government’s decision to monetise free electricity units for senior power sector officers. The court ruled that the free electricity facility was a service-related benefit and not a permanent legal right that could not be changed.

The decision has once again brought attention to the special facilities and benefits available to government officials at a time when ordinary consumers in Pakistan are facing high electricity prices and rising living costs.

Free Electricity Facility to Be Replaced With Cash

For many years, certain employees and officers in Pakistan’s power sector received free or subsidised electricity as part of their employment benefits. Senior officials working in institutions linked with WAPDA and other power sector organisations were among those receiving the facility.

Under the government’s policy, the existing system is being changed. Instead of receiving a certain number of electricity units without paying for them, eligible senior officers will receive a fixed cash amount based on the value of the benefit they were previously entitled to.

This process is commonly called monetisation. In simple words, a non-cash benefit is converted into money.

The officers will now have to pay their electricity bills directly, just like other consumers. However, the financial value of the earlier electricity facility will be included in their overall pay or allowance.

According to the government’s position, the policy does not reduce the officers’ basic salaries. Instead, it changes the method through which a particular service benefit is provided.

The government believes that this system will make the process clearer and easier to manage.

Senior Officers Included in the Policy

The policy mainly affects senior officers in BPS-17 and above working in different public-sector power organisations.

These include WAPDA and former WAPDA entities, along with power distribution companies, generation companies and other institutions connected with the electricity sector.

Previously, free electricity units were available to many officers according to their grade and service conditions. The benefit was considered a major facility, especially for senior officials.

Reports about the policy have highlighted the large number of electricity units that were previously provided to senior officers. The government has argued that continuing such arrangements created an additional burden at a time when the power sector was already facing serious financial problems.

The new system aims to replace the direct use of free units with a fixed financial benefit.

This means the officers may continue to receive the value of the facility, but the electricity consumption itself will now appear on regular bills.

Why the Government Changed the System

Pakistan’s power sector has been facing financial difficulties for many years. High circular debt, unpaid bills, electricity theft, transmission losses and expensive power generation have created major challenges for the government.

At the same time, electricity consumers across the country have complained about high bills and rising power tariffs.

In such a situation, the government has faced increasing pressure to review special benefits provided within the power sector.

The decision to monetise free electricity is seen as part of efforts to bring changes to the system and reduce special arrangements.

The government has said that the power sector needs financial discipline and better management. It believes that converting free electricity benefits into cash can help improve transparency.

Instead of electricity being provided directly without a regular payment process, the officers will now receive bills and make payments like other consumers.

The financial benefit will be handled separately through their salary package.

Free Units Were a Service Benefit

One of the most important points in the legal case was whether free electricity units were a permanent legal right of the officers or simply a benefit provided by the employer.

The Lahore High Court examined this issue while hearing a petition against the government’s policy.

The court ruled that the free electricity facility was a service-related perk and not a legally protected right that could never be changed.

According to the judgment, the government had the authority to change the method through which such a benefit was provided.

The court also noted that the policy did not remove an officer’s basic salary or take away a protected service right. Instead, it changed a non-cash facility into a monetary benefit.

This legal view became important because some officers had argued that the free electricity units had been part of their service conditions for a long time.

However, the court found that the facility could be changed as part of an administrative and financial policy.

Lahore High Court Supports the Government’s Decision

The Lahore High Court dismissed the petition challenging the monetisation of free electricity units.

The court held that the government’s decision was based on policy and financial considerations and was not illegal or against the Constitution.

The judgment stated that the free electricity facility was not a statutory right. In other words, there was no law that made the benefit a permanent and untouchable part of an officer’s service.

The court also accepted the government’s argument that the benefit was not completely removed without compensation.

Instead, its value was converted into a cash component.

The government maintained that this change would not cause a reduction in the overall financial package of the affected officers.

The Lahore High Court agreed that changing the method of providing the benefit did not automatically mean that the officers’ legal rights had been violated.

The ruling has strengthened the government’s position and allowed the monetisation policy to continue.

Financial Problems in the Power Sector

The issue of free electricity benefits is directly connected with the larger financial crisis in Pakistan’s power sector.

For years, the country has struggled with circular debt, which continues to affect electricity companies, fuel suppliers and the government.

Large unpaid amounts, line losses, electricity theft and delayed payments have created serious pressure on the system.

Consumers are also paying high electricity prices, making the issue politically sensitive.

Many people have questioned why ordinary citizens should face expensive electricity bills while some employees and officials continue to receive special benefits.

The government’s decision to review such facilities is therefore being seen as part of a broader effort to reform the sector.

Officials have argued that every unnecessary cost should be examined, particularly when the power sector is facing major financial challenges.

Although converting free electricity into cash does not necessarily remove the entire financial value of the benefit, it changes the way the facility is managed.

How the New System Will Work

Under the monetisation system, senior officers who were previously eligible for free electricity units will now receive a fixed monetary amount.

The amount will be based on the benefit that was earlier provided through free units.

The officers will then receive regular electricity bills and will be responsible for paying them.

This means their actual electricity use will become visible in the normal billing system.

If an officer uses more electricity, the officer will have to deal with the higher bill according to the normal rules.

The cash benefit will remain separate from the actual monthly electricity bill.

Supporters of the system believe this is a more transparent method because electricity consumption and financial benefits will not be mixed together.

The policy may also help reduce questions about how many units are being used under special arrangements.

Public Demand for an End to Special Benefits

The issue of free electricity has been widely discussed in Pakistan, especially during periods of high electricity prices.

Many consumers believe that government departments and public-sector organisations should reduce unnecessary benefits when the general public is struggling with expensive utility bills.

The demand for an end to free electricity facilities has become stronger as inflation and electricity costs have increased.

Power Minister Awais Leghari has described the end of free electricity units as an important step and said that reducing such facilities was a long-standing public demand.

The government has presented the decision as part of efforts to improve the power sector and bring greater financial responsibility.

However, the monetisation policy also shows that the issue is not as simple as completely removing a benefit.

Instead, the government has chosen to change the form of the benefit from free electricity units to a cash amount.

Concerns Raised by Officers

Not everyone supported the government’s decision.

Officers affected by the policy argued that free electricity units had been part of their employment benefits for many years.

Some also raised concerns about different treatment for employees in different grades.

The petition challenging the policy argued that the withdrawal of free units was unfair and affected officers who had received the benefit throughout their service.

However, the government responded that the policy was being introduced as part of financial reforms.

The government also maintained that the overall salaries of the officers were not being reduced because the value of the electricity benefit was being converted into money.

The Lahore High Court agreed with the government’s position that changing the method of providing the benefit did not amount to an unlawful reduction in salary or service rights.

The court also found no constitutional violation in treating different groups of employees differently where there was a reasonable basis for doing so.

A Step Towards Greater Transparency

One major advantage of the new system is expected to be greater transparency.

When free electricity units are directly provided as a benefit, it can become difficult for the public to understand the real cost of the facility.

By converting the benefit into a fixed monetary amount, the government can make the financial arrangement more visible.

At the same time, officers will receive regular electricity bills based on their actual use.

This may also encourage more responsible consumption because higher usage can result in higher payments.

The change is part of a broader debate about government spending and the benefits received by public-sector employees.

In a country facing economic pressure, every major expense and facility is likely to come under public scrutiny.

The government appears to be trying to balance two goals: protecting the overall salary package of employees while ending the system of direct free electricity units.

What It Means for the Future

The policy could become an example for reviewing other non-cash benefits in government institutions.

If a facility can be converted into a monetary allowance, the government may be able to make its spending system more organised and easier to monitor.

However, the success of such policies will depend on how fairly and clearly they are implemented.

The government will also need to continue broader reforms in the electricity sector.

Ending or monetising special benefits alone cannot solve Pakistan’s major power problems.

Issues such as circular debt, electricity theft, line losses, expensive generation and weak bill recovery still require long-term solutions.

Still, the decision represents an important change in the way senior power sector officers receive electricity-related benefits.

The Lahore High Court’s ruling has also given legal support to the government’s policy.

For now, the direction is clear: instead of receiving free electricity units, eligible senior officers will receive the value of the benefit in cash and will pay their own electricity bills through the regular system.

The move is being presented as a step towards financial discipline, transparency and reform at a time when Pakistan’s power sector remains under serious economic pressure.

Whether the policy will lead to meaningful savings and wider reforms will depend on how effectively the government manages the electricity sector in the coming years. But the change sends a clear message that special facilities within public institutions are increasingly being reviewed as Pakistan looks for ways to control costs and improve financial management.

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Pakistan Plans Rs. 278.6 Billion ML-3 Upgrade for Reko Diq Mineral Transport

Usman Yaqoob
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Pakistan Plans Rs. 278.6 Billion ML-3 Upgrade for Reko Diq Mineral Transport

Pakistan is preparing for a major upgrade of its railway network to support the transportation needs of the Reko Diq mining project in Balochistan. The federal government plans to spend Rs. 278.6 billion on improving nearly 1,000 kilometres of Pakistan Railways’ Main Line-3, commonly known as ML-3.

The railway project is expected to play an important role in moving minerals from the Reko Diq copper and gold mine towards the country’s ports and export markets. Reko Diq is one of Pakistan’s most important mining projects and is expected to increase the country’s mineral exports in the coming years.

According to project documents, the planned railway upgrade will cover around 996 kilometres of track between Rohri and Koh-e-Taftan. The work is expected to be completed by 2033. The project will be carried out in different stages and will include the renewal of railway tracks, repair and rebuilding of important structures, construction of new stations, and improvements in communication systems.

However, while the project is considered important for the future of Reko Diq and Pakistan’s mineral sector, some financial and planning concerns have also been raised. Questions have been asked about the repayment of the temporary financing, future revenue, security expenses, and the long-term financial strength of the project.

Why the ML-3 Upgrade Is Important

The main purpose of the ML-3 project is to provide a reliable railway system for transporting large amounts of minerals from the Reko Diq mining area. The existing railway infrastructure on this route is old and needs major improvement.

Reko Diq is located in Balochistan and is expected to produce large quantities of valuable minerals, mainly copper and gold. Once mining activity increases, Pakistan will need a strong and dependable transport system to move mineral material from the project area.

Transporting such large quantities by road would be difficult and expensive. Heavy trucks would also put pressure on the existing road network. Railways can move large amounts of freight more efficiently and may help reduce pressure on roads.

For this reason, the government considers the ML-3 upgrade an important part of the wider transport system linked with the Reko Diq project. Pakistan Railways has also identified the ML-3 upgrade as a priority project for moving copper concentrate from Reko Diq towards the country’s export routes.

The 996-Kilometre Railway Corridor

The proposed upgrade will cover a 996-kilometre railway route from Rohri through Sibi and Quetta towards Koh-e-Taftan. This is a long and strategically important railway corridor, particularly for Balochistan and Pakistan’s future mineral trade.

Under the project, more than 830 kilometres of railway track are expected to be renewed or improved. Important sections of the route will also be rebuilt where necessary. The plan includes work on bridges, railway embankments, communication systems and other important parts of the railway network.

The project will also include the construction of 11 new railway stations. These improvements are expected to make the railway system safer and more useful for future freight movement.

The government hopes that the upgraded line will improve the speed and capacity of trains. It is also expected to reduce delays and lower the chances of derailments. Better railway infrastructure could also improve fuel efficiency and reduce the time required to move freight over long distances.

A Two-Phase Project

The ML-3 upgrade is expected to be carried out in two major phases and divided into four different packages. This approach will allow the government and Pakistan Railways to focus first on the most important parts of the railway route.

The first phase is expected to run from 2026 to 2030. During this period, the government plans to complete major and urgent infrastructure work needed for the transportation requirements of the Reko Diq project.

The remaining priority work is expected to be completed during the second phase, which is planned for the years 2031 to 2033.

Dividing the project into phases can help Pakistan manage such a large development programme. A project covering almost 1,000 kilometres of railway requires detailed planning, large amounts of funding, specialised equipment and strong coordination between different government departments and companies.

How Will the Project Be Financed?

One of the most important parts of the ML-3 project is its financing arrangement. The government plans to use a combination of temporary bridge financing and money from the Public Sector Development Programme, or PSDP.

The Reko Diq Mining Company, also known as RDMC, is expected to provide bridge financing of $390 million. This temporary financing is meant to support the project before the government arranges longer-term funding.

However, the federal government will have to repay the $390 million amount through a single lump-sum payment by June 2028. The Ministry of Finance will be responsible for arranging the funds needed for repayment.

This means the financing arrangement gives the project access to money in the short term, but the government will still have to find a large amount of money for repayment within a limited period.

In the long run, the project is expected to receive support through the federal government’s PSDP. However, this financing structure has also raised concerns because a major repayment will have to be made within a relatively short time.

Concerns About Financial Viability

The Planning Commission has raised several important questions about the financial side of the ML-3 project. One of the biggest concerns is whether the project has enough detailed planning to show how it will recover its costs and remain financially useful in the future.

According to the concerns raised, a complete cost-benefit study has not been provided. There are also questions about future freight revenue and the charges that may be paid for transporting minerals.

Another important issue is the lack of a clear revenue-sharing arrangement with the Reko Diq Mining Company. Since Reko Diq is expected to become the main customer for the railway line, a clear plan for future income is important.

The Planning Commission has also pointed out the risk of depending heavily on a single major customer. If the railway project relies mainly on freight from Reko Diq, any delay or major change in mining activity could affect railway revenue.

These concerns do not mean that the project will not go ahead. Instead, they show that the government needs strong financial planning to ensure that the railway upgrade provides long-term benefits and does not create unexpected pressure on public finances.

Security Costs Are Also High

Security is another major part of the ML-3 project, especially because the railway route passes through a long and sensitive region.

Project documents estimate security costs at around Rs. 46.38 billion. This is a significant amount and represents nearly 17 percent of the total project cost.

Security arrangements will be needed during construction, transportation of machinery and equipment, and the future operation of the railway line. Because of the size and importance of the Reko Diq project, the railway connection will also become an important part of Pakistan’s wider economic infrastructure.

The high cost of security has therefore become another issue raised by government planners. Long-term security planning will be important because the railway corridor will continue to be used even after the main construction work is completed.

Existing Railway Infrastructure Needs Improvement

The current railway infrastructure on parts of the ML-3 route is in poor condition. Some sections of the track have already passed their normal useful life and now need major repair or replacement.

Because of the poor condition of the railway line, trains have been forced to travel at very low speeds on some sections. This makes rail transport slow and less useful for carrying large amounts of freight.

The Quetta-Taftan section has also faced serious difficulties. Passenger services have been affected, while freight activity on the route has remained limited.

Once the railway line is upgraded, the government expects a major improvement in speed, capacity and reliability. This could make the route more useful not only for Reko Diq minerals but also for other trade and transport needs in the future.

Benefits for Pakistan’s Mineral Exports

One of the biggest expected benefits of the ML-3 upgrade is the support it could provide to Pakistan’s mineral exports.

Reko Diq is a major copper and gold project, and its future success depends heavily on a reliable transport system. Minerals need to be moved from the mining area to processing facilities, ports and international markets.

A strong railway system can provide a cheaper and more efficient way to move large volumes of material. It can also reduce the pressure on roads and lower the need for heavy truck transport over long distances.

If the railway system works as planned, it could help Pakistan increase exports from the mining sector. Higher exports could support economic growth, bring foreign exchange into the country and create more business activity.

The development of Reko Diq could also encourage further investment in Pakistan’s mineral sector. A better transport network would make it easier to develop other mining projects in Balochistan in the future.

Potential Benefits for Balochistan

The railway upgrade could also bring wider benefits for Balochistan. Large infrastructure projects often create demand for workers, contractors, transport companies and other local services.

During the construction phase, the project may create employment opportunities for people connected with railway work, construction and related industries.

In the long term, better railway infrastructure could support wider economic activity in areas connected to the route. Improved transport links can make it easier to move goods and connect businesses with larger markets.

The Reko Diq project and its related railway development are also expected to increase attention on the wider mineral potential of Balochistan. The province has significant natural resources, but development depends on transport, security, investment and proper infrastructure.

A reliable railway network could therefore become an important part of future economic development in the region.

Better Regional Connectivity

The ML-3 corridor is not only important for Reko Diq. It also has wider value for regional trade and connectivity.

The route connects parts of Pakistan with the western border region and could support trade links with Iran and other regional markets. Improved rail infrastructure may also strengthen Pakistan’s role in future transport and trade routes.

Officials believe the upgraded railway corridor could improve connections towards Iran and Turkiye while also supporting access to wider markets in Central Asia and Europe.

However, these wider benefits will depend on future trade agreements, border facilities and regional railway cooperation. Still, the improvement of the ML-3 route could provide Pakistan with more opportunities for trade in the future.

Challenges After Completion

Completing the railway upgrade will not be the end of the project’s challenges. The railway line will also need regular maintenance and long-term financial support.

One concern raised in the project documents is that there is no clear funding plan for operation and maintenance after the project is completed.

This is important because large infrastructure projects can lose their value if they are not properly maintained. Railway tracks, bridges, stations and communication systems all require regular inspection and repair.

The government will therefore need to prepare a long-term plan for operating the upgraded railway line. It will also need to ensure that freight revenue and other income are enough to support future costs.

Strong management will be necessary to make sure that the investment continues to benefit Pakistan for many years.

The Road Ahead

Pakistan’s plan to spend Rs. 278.6 billion on the ML-3 railway upgrade shows how important the Reko Diq project has become for the country’s economic plans.

The project could provide the transport system needed to move large quantities of minerals from Balochistan. It could also improve railway infrastructure, support exports, create economic opportunities and strengthen regional connectivity.

At the same time, the government must address the financial and planning concerns surrounding the project. The repayment of the $390 million bridge financing by June 2028 will require careful financial management. Questions about revenue, security costs, dependence on Reko Diq and future maintenance must also be answered.

If these challenges are handled properly, the ML-3 upgrade could become one of the most important railway projects linked with Pakistan’s future mineral economy. The next few years will be important as the government moves ahead with construction and financing plans.

The success of the project will depend not only on completing the railway line but also on ensuring that it remains financially sustainable, safe and properly maintained. If Pakistan manages this successfully, the upgraded ML-3 corridor could help support Reko Diq, strengthen the country’s railway network and open new opportunities for mineral exports and regional trade.

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Mobilink Bank, Yango Pakistan partner to enable Shariah-compliant financing and Embedded Insurance for Registered Drivers

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Mobilink Bank, Yango Pakistan partner to enable Shariah-compliant financing and Embedded Insurance for Registered Drivers

Islamabad – August 24, 2026: Pakistan’s leading digital microfinance bank, Mobilink Bank, and Yango, part of the global technology company Yango Group, have partnered to provide eligible Yango partner drivers and couriers with access to Shariah-compliant vehicle and handset financing, embedded Takaful protection, and inclusive digital banking and payment solutions. The partnership aims to strengthen financial inclusion by supporting partner drivers with solutions tailored to their livelihood and business needs.

This collaboration recognizes the vehicle as a core productive asset for ride-hailing drivers and brings financing and financial services together to support their earning journey. Rather than offering standalone financing, Mobilink Bank and Yango Pakistan will support drivers throughout their earning journey by bringing financing, protection, digital payments, banking and connectivity together in one integrated ecosystem.

The financing proposition includes Car Diminishing Musharakah financing of up to PKR 5 million, as well as Murabaha financing for motorcycles, e-bikes, rickshaws and handsets for eligible drivers identified by Yango Pakistan. Rickshaw, motorcycle and handset financing will also be offered under applicable Corporate Guarantee arrangements.

The partnership also provides eligible financed customers with complimentary embedded Takaful coverage throughout the financing tenure, including income protection, hospitalization and maternity benefits for eligible women borrowers, and accidental death or permanent disability coverage. Vehicle Takaful and additional asset-protection solutions will also be available under the proposition.

Commenting on the partnership, Haaris Mahmood Chaudhary, President & CEO, Mobilink Bank, said: “Pakistan’s gig economy is creating a new generation of entrepreneurs, yet many remain outside formal financial services. Through this partnership, we are giving ride-hailing drivers access to Shariah-compliant financing, protection and digital banking tools that can strengthen their livelihoods and support sustainable growth.”

Miral Sharif, Country Head for Yango Pakistan stated: “For a driver, a vehicle is not simply an asset — it is the foundation of their earning potential. Access to appropriate financing and protection can therefore have a direct impact on their ability to work and grow. Our partnership with Mobilink Bank brings these solutions closer to eligible partner drivers , while giving them greater flexibility to invest in the tools they rely on every day. We see this as an important part of building a stronger and more sustainable driver ecosystem.”

Eligible Yango partner drivers and couriers will also gain access to Mobilink Bank’s digital banking and payment ecosystem, including digital account onboarding, Business Plus Account benefits, Raast QR payments and a dedicated Driver QR for fare collection, along with select connectivity and handset benefits.

 

easypaisa digital bank Reports Profit Before Tax of PKR 8.26 Billion for HY 2026, EPS at PKR 9.61

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easypaisa digital bank Reports Profit Before Tax of PKR 8.26 Billion for HY 2026, EPS at PKR 9.61

Islamabad, 24 August 2026 – The Board of Directors of easypaisa digital bank has approved the financial statements for the half-year ended 30 June 2026.

The Bank reported a robust financial performance, posting a Profit Before Tax (PBT) of PKR 8.26 billion and a Profit After Tax (PAT) of PKR 5.78 billion, representing a 2.27x increase in PBT compared to the corresponding period last year. Earnings per share stood at PKR 9.61.

The Bank’s performance was driven by sustained growth across its core business streams, supported by an expanding customer base, increasing transaction volumes, and continued investments in talent, technology, and digital innovation.

Total revenue increased by 30.50% year-on-year, reflecting strong momentum across both lending and fee-based income streams. Net markup income grew by 32.46%, supported by the expansion of the lending portfolio and treasury investments, underpinned by strong growth in customer deposits. Fee-based income increased by 28.34%, driven by higher contributions from payment services, collections, disbursements, and insurance products.

Operating expenses increased to PKR 21.08 billion as the Bank continued to invest in strategic growth initiatives, including customer acquisition campaigns, merchant ecosystem expansion, and support costs associated with the growth in digital lending volumes.

As of 30 June 2026, total assets stood at PKR 232.58 billion. Customer deposits grew by 67.37% year-on-year to PKR 158.58 billion, while maintaining a strong deposit mix with a CASA ratio of 97.46% and a current account ratio of 79.95%. Gross advances reached PKR 31.11 billion, resulting in an advances-to-deposit ratio of 18.63%. Asset quality remained healthy, with non-performing loans (over 90 DPDs) at 3.16% and a coverage ratio of 159.63%.

The Bank maintained a strong capital position, reporting a Capital Adequacy Ratio (CAR) of 23.75%, well above the regulatory requirement. In recognition of its strengthened financial profile, sound asset quality, and robust capitalisation, the Pakistan Credit Rating Agency Limited (PACRA) upgraded the Bank’s long-term entity rating to “AA-” while reaffirming its short-term rating at “A1” on 1st July 2026.

Jahanzeb Khan, President & CEO, easypaisa digital bank, stated, “Our strong profitability during the first half of 2026 reflects the resilience of our business model, the trust placed in us by millions of customers, and our commitment to advancing financial inclusion in Pakistan. As the country’s leading digital bank, easypaisa remains focused on delivering innovative, customer-centric financial solutions that simplify lives and empower individuals and businesses alike. We are grateful to our customers, partners, the State Bank of Pakistan, and the Government of Pakistan for their guidance and continued support as we accelerate Pakistan’s transition towards a more inclusive and digital financial ecosystem.”

Commenting on the results, Amin Sukhiani, Chief Financial Officer, easypaisa digital bank, said,”Our strong performance reflects our continued focus on customer service, digital innovation, and a growing merchant ecosystem. We are expanding our offerings with Islamic banking and foreign exchange products, alongside consumer solutions such as BNPL and credit cards. These initiatives will further strengthen our digital ecosystem and expand access to convenient, inclusive financial services.”

With over 60 million registered users and as the country’s first digital bank to commence commercial operations, easypaisa remains aligned with the State Bank of Pakistan’s vision of driving inclusive economic growth, easypaisa remains focused on expanding its offerings across payments, lending, remittances, insurance, and digital lifestyle services, while advancing its mission of accelerating financial inclusion and expanding access to formal financial services across the country.

ENDS.

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