“We cannot continue to operate a business that only yields losses. If our margins aren’t adjusted, the pumps go dark.” Amir Khan Mahsud ISLAMABAD ( WEB NEWS ) Prime Minister Muhammad Shehbaz Sharif has decided not to increase the prices of petroleum products, despite a sharp rise in rates acrossRead More →
Pakistan completes 5G spectrum auction phases, generating $510 million as the government prepares pilot launches in major cities next week. ISLAMABAD ( Web News ) Pakistan has successfully concluded the second phase of its 5G spectrum auction, finalising the positioning of key frequency bands and generating a total of $510Read More →
IMF, Pakistan fail to reach staff-level agreement, talks to continue ISLAMABAD ( WEB NEWS ) The International Monetary Fund (IMF) on Thursday said that its mission could not reach a staff level agreement on the third review of Pakistan’s $7 billion Extended Fund Facility (EFF) and the second review ofRead More →
Senator Muhammad Aurangzeb on Thursday indicated that petroleum prices may increase further in the coming days. ISLAMABAD ( WEB NEWS ) The Ministry of Finance has clarified that Finance Minister Muhammad Aurangzeb did not make any statement regarding an increase in petrol prices in Pakistan. In an official statement, theRead More →
Iran says oil will reach $200 a barrel amid escalating Middle East crisis TEHRAN ( Web News ) Iran’s military command said on Wednesday the world should be prepared for oil to hit $200 a barrel, as three more ships came under attack in the blockaded Gulf. Iran fired atRead More →
The second phase will focus on the 2600 MHz and 3500 MHz spectrum bands and will follow an assignment-based bidding process. ISLAMABAD ( Web News) – The Pakistan Telecommunication Authority (PTA) is set to conduct the second phase of the 5G spectrum auction tomorrow (Thursday), where telecom companies will competeRead More →
Pakistan reports 98 cyber attacks in early 2026, 21 federal institutions affected Targeting federal and provincial institutions, businesses, and education sectors, highlighting growing cybersecurity threats nationwide. ISLAMABAD ( Web News) Amid growing cybersecurity threats in the country, a total of 98 cyber attacks were recorded during the first three monthsRead More →
Pakistan auctions 5G spectrum for $507m to boost internet speeds Telecom operators likely to launch 5G services initially in Islamabad and the provincial capitals Ufone secured 180 MHz, including 120 MHz in the 3500 MHz band and 60 MHz in the 2600 MHz band, while Zong secured 110 MHz in theRead More →
KARACHI ( WEB NEWS ) The State Bank of Pakistan (SBP)’s Monetary Policy Committee (MPC) has decided to maintain the policy rate unchanged at 10.5% following its meeting on March 9, 2026. The decision aligns closely with market expectations and recent analyst surveys amid heightened regional geopolitical tensions. The hold comesRead More →
Government offices to open four days a week, ban on foreign visits for officials, schools closed until March 31: Prime Minister ISLAMABAD ( WEB NEWS ) Prime Minister Shehbaz Sharif has said that the global crisis is also affecting Pakistan. Government offices will open only four days a week, foreignRead More →
Mojtaba Khamenei is Iran’s New Supreme Leader DUBAI ( WEB NEWS ) Iran’s clerical leadership appointed Mojtaba Khamenei to succeed his father, Ali Khamenei, as Iran’s new Supreme Leader. Regional officials say this move is a direct rebuke to U.S. President Donald Trump, who had declared the son “unacceptable”. SupremeRead More →
Islamabad (Web News) The auction for 5G spectrum licenses in Pakistan is expected to take place on March 10, in which three existing telecom companies in the country will compete. These companies have partnerships with China, the United Arab Emirates, and Russia, while no new company has submitted documents toRead More →