Business
Finance minister introduces Invest Pak Portal to promote investment
Federal Finance Minister Muhammad Aurangzeb Monday inaugurated the InvestPak portal, saying the government is dedicated to offering greatest assistance to the investors and Pakistan has tremendous investment potential.
Speaking at the opening ceremony, the finance minister commended Jameel Ahmad for the effort, saying the InvestPak portal was the beginning of a new era of investment in the country.
The portal has been developed to attract foreign investment and provide investors with faster access to investment possibilities through a sophisticated digital platform, he added.
Pakistan has huge investment potential in all sectors and InvestPak site would facilitate and expedite the investment process while delivering services according to international standards, Additional Secretary, Ministry of Industries and Production, Muhammad Aurangzeb said on Wednesday.
Now anyone can contribute as low as Rs5,000 through JazzCash app, the finance minister said adding that these investments would be helpful for ordinary investors. He further added that the participation in the Pakistan Stock Exchange has increased and the government is encouraging the youth especially the Gen-Z to look into chances for investment.
He said that digital platforms like InvestPak are a major milestone for the country’s economic development and the private sector plays a critical role in fostering sustainable economic progress.
GOVERNOR, STATE BANK.
Earlier, State Bank Governor Jameel Ahmad said effective efforts are being implemented to promote the investment and added that InvestPak portal will play a crucial role in expanding digital investment in Pakistan.
The platform would enable investors to access investment-related services online more efficiently and transparently, he said.
Jameel Ahmad said that the country’s economy was heading towards stability and the one-window facility provided through the portal would speed up the investment procedures while boosting transparency and convenience through a contemporary digital system.
Business
Jet fuel price rises by Rs9.05 per litre in Pakistan
Jet fuel prices have once again increased in the country, along with the price of kerosene oil.
The price of jet fuel has been increased by Rs9.05 per litre, while kerosene oil has become Rs7.68 per litre more expensive.
Following the increase, the new price of jet fuel has been fixed at Rs355.52 per litre, while kerosene oil will now cost Rs329.54 per litre.
Meanwhile, according to a notification issued by the Petroleum Division, the price of petrol has also been increased by Rs2.10 per litre, taking its new price to Rs392.76 per litre.
Business
Govt sets deadline of 20th Oct for pilgrims to pay 2nd Hajj installment
The religious affairs ministry stated late Friday that the federal government has fixed October 20 as the deadline for intending pilgrims selected under the government Hajj system to deposit the second installment of their pilgrimage dues.
ISLAMABAD: Pakistan has set aside 107,526 slots for the government plan, including 30,000 for a shorter package, and another 71,696 slots have been granted to the private scheme for next year’s Hajj.
The country on Aug. 25 completed online booking of all tickets in the government Hajj scheme, the first time the whole quota has been filled through a digital reservation system.
The ministry of religious affairs said in a statement on Friday that the applications of pilgrims for next year’s Hajj will be cancelled if they did not pay by the deadline.
“The dates for depositing the second installment of dues for Hajj pilgrims under the government scheme have been fixed from 5 October to 20 October, 2026,” the ministry said.
“If the second installment is not deposited within the deadline, then the Ministry said the pilgrim’s application will be cancelled and the amount deposited earlier will be refunded to the pilgrim’s account,” the Ministry said.
Under the government arrangement, pilgrims can pay the second payment of Hajj dues through the ‘Pak Hajj App’ or digital Hajj site within the stipulated deadline.
The government said that submitting the Hajj medical fitness certificate on the ‘Pak Hajj’ app or the digital Hajj portal was essential before depositing the second installment.
This year the government announced that pilgrims will pay Rs1.2 million ($4,334) for a 40-day Hajj package and Rs1.3 million ($4,695) for a shorter, 20- to 25-day package under the government system.
The first installment of dues for seats under the shorter government package was paid within 24 hours of the process starting on Aug 18 and the rest of the seats under the plan were booked by Aug 25.
Business
Petrol price goes up by Rs2.10, diesel by 30 paisa a liter:
– Petrol and diesel prices have been increased once again under the latest fuel-price revision.
The revised prices will take effect from October 3, 2026.
According to a notification issued by the Petroleum Division, the price of petrol has been increased by Rs2.10 per litre. Following the latest increase, petrol will now cost Rs392.76 per litre.
The price of high-speed diesel has also been raised by 30 paisa per litre, taking its new rate to Rs399.64 per litre.
The Petroleum Division said the announced rates are linked to movements in international petrol and diesel prices.
According to the notification, changes in the global market, Platts rates, premiums and other associated costs were taken into account when determining the revised prices.
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