ISLAMABAD, April 16, 2026 — Pakistan is grappling with an acute electricity shortfall of around 3,400 megawatts due to a sharp decline in power generation from liquefied natural gas (LNG) and hydropower sources, Energy Minister Sardar Awais Ahmed Khan Leghari said on Thursday, attributing the crisis to ongoing tensions in the Gulf region.
(more…)Author: Mrs. Anjum Shahnawaz
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PM Shehbaz thanks Saudi Arabia for support in talks with Crown Prince MBS
April 16, 2026 — Prime Minister Shehbaz Sharif on Wednesday expressed gratitude for Saudi Arabia’s continued support for Pakistan’s economic stability during a meeting with Crown Prince Mohammed bin Salman in Jeddah, the Prime Minister’s Office said.
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CCP clears UAE firm’s acquisition in Pakistan aviation services sector
ISLAMABAD, April 15, 2026 — The Competition Commission of Pakistan (CCP) has approved the acquisition of a shareholding in Pakistan’s Northern Technik Private Limited by UAE-based International Business Company FZE, paving the way for fresh foreign direct investment in the country’s aviation services sector.
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PM Shehbaz arrives in Saudi Arabia on Middle East peace push
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.
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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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