Local Affairs

PTV Is Granted Rs13bn

Sialkot-Kharian Motorway Gets Rs35bn Bailout as PTV Is Granted Rs13bn

A Rs13 billion supplementary grant has been approved by the Economic Coordination Committee for financially struggling Pakistan Television Corporation. A bailout package of nearly Rs35 billion has also been cleared for the Sialkot-Kharian Motorway project. PTVC had requested Rs20 billion, but the demand was reduced by the Finance Ministry after concerns were raised over pressure on the public exchequer. A quarterly payment schedule has also been introduced to control the release of funds.

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August Inflation Hits 11.15%, Rising From 9.2% in July

Pakistan’s annual consumer price inflation surged to 11.15% in August 2026, up from 9.2% in July, according to the Pakistan Bureau of Statistics. Urban inflation accelerated to 10.4%, while rural inflation remained above both the national and urban rates. On a month-on-month basis, urban prices increased by 0.9%, signaling stronger inflationary pressure across the country.

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PM Shehbaz Arrives in Bishkek

Prime Minister Shehbaz Sharif has arrived in Bishkek for the SCO Council of Heads of State meeting and SCO Plus Summit. During his three-day official visit to Kyrgyzstan, Pakistan will assume the chairmanship of the SCO Council of Heads of State for 2026–2027. The prime minister will also hold bilateral meetings with participating leaders and is accompanied by senior cabinet members and government officials.

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Local Affairs

Engro to Sell EPCL Stake for Rs19.7bn

Engro Corporation Limited has signed a share purchase agreement with Lotte Chemical Pakistan Limited to sell its entire 56.19% stake in Engro Polymer & Chemicals Limited. The transaction is valued at approximately Rs19.7 billion, equivalent to around $70.95 million. The agreement follows Engro’s 2025 restructuring, which established Engro Holdings as the conglomerate’s investment arm.

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