ISLAMABAD/RIYADH, April 15, 2026 — Prime Minister Shehbaz Sharif arrived in Saudi Arabia on Wednesday, launching a three-nation diplomatic tour aimed at easing tensions in the Middle East and strengthening regional cooperation.
(more…)Author: Mrs. Anjum Shahnawaz
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OGDCL launches commercial production from record Baragzai well
ISLAMABAD, April 15, 2026 — Oil and Gas Development Company Limited (OGDCL) has commenced commercial production from its landmark Baragzai X-01 (Slant) exploratory well, marking the largest oil and gas discovery from a single well in Pakistan’s history and boosting the country’s energy outlook.
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PMD warns of heavy rains, flash floods in northern areas from April 16
ISLAMABAD, April 15, 2026 — The Pakistan Meteorological Department (PMD) on Wednesday issued a nationwide weather advisory, warning of heavy rains, flash flooding and possible landslides in several regions beginning April 16.
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Saudi Arabia to provide $3 billion in additional deposits to Pakistan: Aurangzeb
WASHINGTON, April 15, 2026 – Pakistan’s Finance Minister Muhammad Aurangzeb said on Wednesday that Saudi Arabia has committed an additional $3 billion in deposits for Pakistan, a move expected to strengthen the country’s foreign exchange reserves and support external financing stability.
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PM Shehbaz unleashes crackdown on tax fraud and over-invoicing case
ISLAMABAD, April 15, 2026 – Prime Minister Muhammad Shehbaz Sharif on Wednesday ordered immediate legal action against individuals involved in illegal over-invoicing practices, directing authorities to strengthen enforcement and accountability within Pakistan’s tax and financial monitoring system.
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SHC stays default surcharge recovery on super tax liability
KARACHI — The Sindh High Court (SHC) has granted interim relief to multiple taxpayers by staying the recovery of alleged default surcharge linked to super tax liabilities, in a development that could have significant implications for tax enforcement and litigation in Pakistan.
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Pakistan urges businessmen to bring back $10 billion ahead of budget 2026-27
KARACHI, April 14, 2026 — Pakistan’s Interior Minister Mohsin Naqvi on Tuesday urged the business community to repatriate at least 30% of their overseas assets, equivalent to about $10 billion, ahead of the federal budget 2026–27, as the country grapples with external financing pressures and falling foreign exchange buffers.
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Pakistan seeks new financing options as UAE declines debt rollover
WASHINGTON/ISLAMABAD, April 14, 2026 — Pakistan is exploring alternative financing avenues after the United Arab Emirates declined to roll over a $3 billion loan for the first time in seven years, increasing pressure on the country’s external accounts amid rising global oil prices.
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Hot, dry weather to persist across Pakistan on April 15: PMD
ISLAMABAD, April 14, 2026 — The Pakistan Meteorological Department on Tuesday forecast hot and dry weather conditions across most parts of the country for Wednesday, with temperatures expected to remain elevated in plain areas.
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No load-shedding for K-Electric, HESCO in peak plan
ISLAMABAD, April 14, 2026 — Pakistan’s Power Division said on Tuesday that consumers served by Hyderabad Electric Supply Company and K-Electric will not face load management under the government’s recently announced 2.25-hour peak hours relief plan.
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