News
SPSL distances itself from Go Petroleum scandal
2+ hour, 9+ min ago (655+ words) MG News | June 29, 2026 at 09: 36 PM GMT+05: 00 June 29, 2026 (MLN): Sitara Petroleum Service Limited (PSX: SPSL) on Monday clarified that it operates exclusively as an authorised dealer running a nationwide retail fuel-station network and does not import or procure petroleum products from…...
Pakistan's digital payments hit 3. 7bn transactions in Q3 FY26
13+ hour, 34+ min ago (457+ words) MG News | June 29, 2026 at 10: 11 AM GMT+05: 00 June 29, 2026 (MLN): Pakistan's digital payments ecosystem continued its rapid expansion during the third quarter of FY26, with retail transactions conducted through formal banking and payment channels reaching 3. 7 billion. This marked a 9% quarter-on-quarter increase, according to…...
Govt steps up price monitoring
1+ week, 3+ day ago (470+ words) MG News | June 19, 2026 at 10: 15 AM GMT+05: 00 June 19, 2026 (MLN): Efforts to maintain stable prices of essential commodities, improve market efficiency and strengthen consumer protection remained in focus as the government reviewed the latest inflation trends, commodity price movements and supply conditions…...
Connectivity vs Control: Pakistan's online dilemma
1+ week, 6+ day ago (505+ words) MG News | June 16, 2026 at 11: 58 AM GMT+05: 00 June 16, 2026 (MLN): Pakistan has rapidly evolved into one of South Asia's largest digitally connected societies, but the newly released "Pakistan Freedom Report 2026" reveals a complex "Digital Paradox." The scale of Pakistan's digital footprint is…...
Plan submitted to reduce Pakistan's reliance on edible oil imports
2+ week, 5+ hour ago (364+ words) MG News | June 15, 2026 at 06: 24 PM GMT+05: 00 June 15, 2026 (MLN): Pakistan Oilseed Department has submitted a comprehensive plan to boost indigenous oilseed cultivation and increase local edible oil output through import substitution, aimed at reducing reliance on imports and strengthening domestic edible…...
Govt releases FY26 Economic Survey
2+ week, 3+ day ago (1612+ words) MG News | June 11, 2026 at 02: 47 PM GMT+05: 00 Against a highly volatile global backdrop marked by geopolitical conflicts and trade barriers, Pakistan's economy accelerated its growth momentum, registering a GDP growth rate of 3. 70% compared to 3. 18% in the previous fiscal year. 1. The Global…...
Autos, mining power Pakistan's industrial rebound
2+ week, 3+ day ago (642+ words) MG News | June 11, 2026 at 04: 41 PM GMT+05: 00 June 11, 2026 (MLN): Pakistan's manufacturing and mining sectors are pulsing stronger than ever, driving a powerful economic recovery with a massive 6. 6% manufacturing rebound in FY26. Spearheaded by large-scale industries and a spectacular 61. 7% surge in automobile production,…...
Pakistan's external sector stays resilient in FY2026 despite Middle East shock
2+ week, 3+ day ago (675+ words) MG News | June 11, 2026 at 05: 25 PM GMT+05: 00 June 11, 2026 (MLN): Pakistan's balance of payments-maintained stability during July-March FY2026, supported by strong remittance inflows and growing IT exports, though a Middle East crisis in late February 2026 disrupted trade flows and pushed the current account…...
Inflation trajectory vulnerable to global, domestic shocks
2+ week, 4+ day ago (746+ words) MG News | June 11, 2026 at 04: 28 PM GMT+05: 00 The continued coordination between federal and provincial authorities, prudent fiscal and monetary management, and effective supply-chain oversight will be critical to limiting the pass-through of external shocks to domestic prices. Against this backdrop, Pakistan's…...
Tobacco industry pushes for tax rationalization, formal sector support
2+ week, 4+ day ago (274+ words) MG News | June 11, 2026 at 02: 07 PM GMT+05: 00 June 11, 2026 (MLN): The government has assured the tobacco industry it will carefully examine proposals on taxation, enforcement against illicit trade, and measures to strengthen Pakistan's documented economy, acknowledging industry concerns over high taxation, elevated…...