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Senate Committee Orders Early Settlement of Karachi Hyatt Regency Dispute

The Senate Standing Committee on Privatisation has expressed concern over the unresolved transfer of Karachi’s Hyatt Regency Hotel property. The building was privatised in 2004 for Rs530 million, but the lease has not been transferred despite full payment by the purchaser. The delay has been attributed to the absence of an NOC from Pakistan Railways and subsequent legal proceedings. The committee has directed that practical steps be taken to settle the issue without further delay.

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PM Shehbaz Orders Fast-Track Rollout of Business Reform Act

The rollout of the Ease of Doing Business Act, 2025, has been ordered to be accelerated by Prime Minister Shehbaz Sharif to rebuild investor confidence and reduce regulatory pressure on businesses. A comprehensive implementation report has also been directed to be prepared. The reforms will be independently evaluated by international organisations to assess their impact. A more competitive business environment is being prioritised to attract domestic and foreign investment.

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Ogra Warning Is Issued as Fuel Price Increase Is Anticipated

Possible hoarding of petroleum products has been flagged by Ogra and the Oil Companies Advisory Council amid expectations of a price increase. The issue was reviewed by the National Coordination and Management Council, where fuel availability, supply-chain conditions and pricing behaviour were examined. Price stability and uninterrupted supply were emphasised as rising consumption and volatile global oil markets continued to create pressure.

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Pakistan’s Rice Exports Plunge

Pakistan’s Rice Exports Plunge 31% While Food Imports Keep Rising

Pakistan’s food import bill was increased by 11.66% to $9.15 billion in FY2025-26, mainly due to higher sugar and edible oil purchases. Meanwhile, raw food exports were reduced by 29.49% to $5.017 billion. Rice exports were hit sharply, falling 31% to $2.291 billion, while fruit and vegetable shipments were affected by suspended trade with Afghanistan. Tea imports were also raised by 4.23% to $664.6 million, widening Pakistan’s food trade gap.

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