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Pakistan, Saudi Arabia investors launch fund to boost trade, investment

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A joint council of Saudi Arabian and Pakistani investors launched a private equity fund on Monday as part of the countries’ broader push to deepen two-way trade and private sector investment.

The Saudi-Pakistan Joint Business Council, formed by the governments of both countries, said the fund’s initial size is “multi hundred million”, which is expected to expand based on opportunities across sectors.

Three-fourths of the fund will be invested in Pakistan, while the rest will be invested in Saudi Arabian projects, the council said in a statement.

The launch of ⁠the ⁠fund comes at a time when Islamabad and Riyadh are deepening longstanding ties, especially in defense, amid few signs of a breakthrough in the months-long US-Iran conflict.

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PSX reclaims 177,000 milestone amid strong buying

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Pakistan’s stock market rallied sharply on Tuesday, with the benchmark index returning to the 177,000 level, up more than 3,000 points in early trade.

The Pakistan Stock Exchange (PSX) saw heavy buying activity at the start of the second trading day of the week, pushing the index up to 177,421 points. On the last trading day of the previous week, the market had closed at 173,886 points.

The latest rally marked a strong recovery that lifted the benchmark index back above the 177,000-point threshold.

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DG ISPR highlights Pakistan’s regional security challenges and peace efforts

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The Director General of Inter-Services Public Relations (DG ISPR) highlighted Pakistan’s regional security challenges and efforts to maintain peace during interactive sessions with students.

DG ISPR visited University of Lahore, University of Central Punjab (UCP) and King Edward Medical University (KEMU) where special sessions were arranged with students and faculty members. The meeting discussed domestic and international affairs, the geopolitical situation in the region, particularly Afghanistan, and the role of the Pakistan Army in maintaining regional peace.

Teachers and students publicly expressed their opinions and raised questions on various issues to which the military spokesperson gave detailed answers. Students welcomed the initiative to engage directly with the academic community and stressed the importance of holding such interactive sessions in the future.

They also congratulated the armed forces for their victory at Marka-e-Haq and prayed for the promotion of soldiers who were killed in the line of duty.

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NEPRA increases electricity price by Rs2.36 per unit under fuel adjustment

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The National Electricity Regulatory Authority (NEPRA) has hiked electricity tariffs by Rs 2.36 per unit of electricity under the Monthly Fuel Charge Adjustment (FCA), adding to the financial burden on electricity consumers.

According to a statement released by NEPRA, the increase is due to fuel cost adjustments in September 2026. The correction represents the difference between the actual fuel costs for electricity generation and the previously determined reference fuel costs.

According to the decision, electricity consumers will have to pay an additional charge of Rs 2.3673 for each company present in their accounts under the applicable FCA mechanism.

The adjustment will be reflected in electricity bills for November 2026.

Meanwhile, NEPRA has approved a Rs2.32 per unit increase in electricity rates for additional consumption by industrial and agricultural consumers, raising the applicable rate from Rs22.98 to Rs25.30 per unit. The decision has been sent to the federal government for further action and the revised rates are proposed to be effective from the billing month of November 2026.

As part of the existing rescue package, the government provides electricity price subsidies to industrial and agricultural consumers who exceed electricity consumption in the same period last year. The federal government has launched a three-year relief package under which power will be provided to agricultural consumers at Rs 22.98 per unit instead of Rs 38 per unit, while industrial consumers will get the same rate for additional electricity consumption instead of Rs 34 per unit.

However, NEPRA has now approved an increase in the discount rate per unit by Rs 2.32 to Rs 25.30.

The regulatory authority’s decision was taken through the casting vote of its chairman, while two members recorded their disagreement with the proposal.

NEPRA members Amna Ahmed and Maqsood Anwar Khan submitted dissenting notes, describing the proposed rate of Rs25.30 per unit as unjustified.

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