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Oil industry accuses OGRA of harassment

Says regulator’s actions violate legal boundaries; urges focus on genuine regulatory challenges ISLAMABAD: The Oil Marketing Association of Pakistan (OMAP) has expressed serious concerns over the Oil and Gas Regulatory Authority (OGRA) for allegedly harassing the petroleum industry by intruding into deregulated sectors while failing to perform effectively in its actual regulatory areas. The oil … Read more

SBP reserves rise by $21m to $14.44b

KARACHI: Pakistan’s foreign exchange reserves recorded a marginal increase during the week ended October 10, 2025, according to data released by the State Bank of Pakistan (SBP). The SBP’s reserves rose by $21 million, reaching $14,440.8 million, up from $14,419.8 million a week earlier. Overall, the country’s total liquid foreign reserves stood at $19,810.5 million … Read more

Debt, climate risks hurt economy

KARACHI: Persistent fiscal imbalances, low domestic savings, weak productivity, and climate-related shocks remain critical hurdles preventing sustainable progress, noted the State Bank of Pakistan (SBP) in its Annual Report on the State of the Economy 2024-25. The SBP projects GDP growth in FY26 at 3.25-4.25%, near the lower end of its forecast range, while inflation … Read more

Sustainable growth hinges on realistic policies

Experts advocate reforms tailored to ground realities, rather than quick fixes to satisfy lenders LAHORE: After years of extreme turbulence, the economy of Pakistan is showing some encouraging signs of stabilisation. However, this mild optimism, according to experts, could remain fragile unless supported by long-term, realistic and home-grown policy frameworks. Economists and industrialists agree that … Read more