Local Affairs

Sirajuddin Aziz Signs Autobiography Deal

Sirajuddin Aziz Signs Publishing Deal for Autobiography Wings of Destiny

An agreement to publish Banking Ombudsman Sirajuddin Aziz’s professional autobiography, Wings of Destiny, has been signed by Aziz and publisher Ameena Saiyid. The book chronicles his journey from a missionary school to senior positions in international banking. Aziz said the autobiography focuses on his banking career and explains why he chose banking over bureaucracy or chartered accountancy. Saiyid said the narrative highlights not only his professional achievements but also the values and relationships that shaped his success.

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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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