Local Affairs

Sohail Afridi Demands Relief For Malakand And Merged Districts

Khyber Pakhtunkhwa Chief Minister Sohail Afridi has urged Prime Minister Shehbaz Sharif to withdraw the proposed move affecting tax exemptions in the merged districts and Malakand division. In a letter, it was demanded that existing tax exemptions be continued until conditions in the affected areas are materially improved. The exemptions were described as necessary due to the region’s economic and security challenges, while the federal government was asked to reconsider any policy change that could increase financial pressure on local residents and businesses.

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Food Prices Stay High Despite Diesel, LPG Price Cuts In Pakistan

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Consumers to Face Same Gas Rates in FY2026-27

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Local Affairs

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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Local Affairs

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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