Pakistanis are expected to welcome the New Year with a reduction in fuel prices as global petroleum rates continue to decline.
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Former SBP Governor Dr. Shamshad Akhtar Passes Away at 70
Karachi, December 27, 2025 – Dr. Shamshad Akhtar, former Governor of the State Bank of Pakistan (SBP) and ex-caretaker Federal Minister for Finance, passed away on Saturday at the age of 70. Sources confirmed that her death was sudden and not linked to any prolonged illness, sending shockwaves across Pakistan’s economic, financial, and diplomatic circles.
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Sindh government announces public holiday on December 27
Karachi, December 23, 2025 — The Sindh government has announced a public holiday on December 27 to mark the 18th death anniversary of former Prime Minister Benazir Bhutto.
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Senate panel flags regulatory delays, hazardous imports threatening public health
Islamabad, December 22, 2025 — Raising serious concerns over weak regulatory enforcement and the growing influx of hazardous products, the Senate Standing Committee on Science and Technology on Monday reviewed pre-shipment testing, quality control mechanisms, and ongoing institutional reforms, warning that lax oversight posed grave risks to public health, consumer rights, and the national economy.
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PC to hold live bidding for 75% PIACL shares on December 23
Islamabad, December 22, 2025 — The Privatization Commission (PC) is set to conduct live open bidding for the sale of 75 percent shares of Pakistan International Airlines Corporation Limited (PIACL) on Tuesday, December 23, 2025, as part of the government’s ongoing privatization drive.
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Court dismisses Airblue appeal, orders Rs5.42bn compensation to 2010 crash victims’ families
Islamabad, December 20, 2025 — In a landmark judgment, the Court of the Additional District Judge-III (West), Islamabad, has rejected an appeal filed by Airblue and upheld the airline’s liability in the 2010 plane crash, ordering it to pay Rs5.415 billion in compensation to the families of eight victims.
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Government scraps pension rules on re-employment, withdraws recent notifications
Islamabad, December 18, 2025 – In a significant policy reversal, the federal government has withdrawn recent notifications regulating pension entitlement during re-employment, scrapping decisions introduced earlier this year on how retired officials could receive salary and pension simultaneously.
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Pakistan to send students to Europe, China for AI training
Islamabad, December 17, 2025 — Prime Minister Shehbaz Sharif on Wednesday announced that Pakistan will send selected students to Europe and China for advanced training in artificial intelligence (AI), as part of the government’s broader strategy to equip youth with modern, globally competitive skills.
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Mild earthquake jolts Karachi and parts of Balochistan
Karachi, December 16, 2025 — A mild to moderate earthquake measuring 5.2 on the Richter scale struck Karachi and several areas of Balochistan late Monday night, triggering panic among residents but causing no immediate reports of casualties or damage, officials said.
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Significant Petroleum Price Cuts Expected from December 16
Islamabad, December 13, 2025 – The government is set to reduce prices of all petroleum products by up to Rs 11.85 per litre for the last fortnight of 2025, starting December 16, following a decline in international oil prices. However, consumers may not see the full benefit as margins for oil marketing companies (OMCs) and dealers have increased.
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