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Sound investment decisions are built on economic understanding. At Chakor, our Economy section covers the macroeconomic trends, policy shifts, market movements, and financial developments that directly influence real estate, construction, and investment across Pakistan.

Whether you are tracking inflation, interest rates, or GDP growth, we break down what matters and what it means for your decisions.

Islamabad Property Valuation Rates
CategoriesNews Economy Property Property Laws Property Taxes Real Estate

FBR Revises Islamabad Property Valuation Rates Downward by Up to 35 Percent

ISLAMABAD: The Federal Board of Revenue’s issuance of S.R.O. 644(I)/2026 on April 16, 2026, marks the latest development in a series of property valuation adjustments for Islamabad that began in late 2025. In December 2025, the FBR suspended fresh property valuations in Islamabad after taxpayers raised concerns about increases of up to 1,250%. The April 2026 notification is the fourth significant intervention in Islamabad’s property valuation framework within five months, superseding S.R.O. 163(I)/2026 dated February 2, 2026, and S.R.O. 332(I)/2026 dated February 24, 2026. 

Category Area / Sector Previous Rate Revised Rate Change (%)
Superstructure (≤5 years) All Islamabad Rs 3,000 / sq ft Rs 2,500 / sq ft ↓ ~17%
Superstructure (>5 years) All Islamabad Rs 1,500 / sq ft Rs 1,200 / sq ft ↓ ~20%
Residential Plot B-17 Rs 30,000 / sq yd Rs 21,000 / sq yd ↓ ~30%
Residential Plot C-14 Rs 30,000 / sq yd Rs 21,000 / sq yd ↓ ~30%
Residential Plot C-15 / C-16 ~Rs 30,000 Reduced proportionally ↓ ~30%
Residential Plot G-13 Rs 100,000 / sq yd Rs 70,000 / sq yd ↓ 30%
Residential Plot Margalla Town Higher earlier Rs 38,500 ↓ 30%+
Residential Plot Chak Shahzad Higher earlier Rs 35,000 ↓ 30%+
Residential Plot Banigala Higher earlier Rs 24,500 ↓ 30%+
Residential Plot Park View Higher earlier Rs 24,500–49,000 ↓ 30%+
Residential Plot E-7 Unchanged Rs 225,000 / sq yd No change
Commercial Blue Area Unchanged Rs 40,000–100,000 / sq ft No change
Commercial New Blue Area Unchanged Up to Rs 150,000 / sq ft No change
Commercial F-8 / G-8 Mostly unchanged High values retained Minimal change
Rural Areas Islamabad rural — As per July 2025 rates No change

The Federal Board of Revenue (FBR) has announced a reduction in the official valuation rates of immovable properties across Islamabad, slashing prices by 10 to 35 percent in a move that marks one of the most significant recalibrations of the capital’s real estate taxation framework in recent years.

The revised valuation tables, issued through an official notification on Thursday, apply to a broad spectrum of residential and commercial properties across multiple sectors of the federal capital. The adjustments affect both constructed buildings and open plots, though several prime commercial zones retain their existing benchmarks.

Under the new structure, valuation rates for residential and commercial superstructures up to five years old have been reduced from Rs3,000 to Rs2,500 per square foot, while buildings older than five years will now be assessed at Rs1,200 per square foot, down from Rs1,500.

Developing and mid-range sectors have witnessed particularly steep reductions. Residential plot rates in B-17 and C-14 have been brought down from Rs30,000 to Rs21,000 per square yard, while C-15 and C-16 have also seen proportionate cuts. In the G-series, G-13 has been revised from Rs100,000 to Rs70,000 per square yard. Prominent localities, including Margalla Town, Chak Shahzad, Banigala, and Park View, have each recorded reductions exceeding 30 percent.

Upscale sectors, however, continue to command high valuations. Residential plots in E-7 remain assessed at Rs225,000 per square yard, and key commercial corridors such as Blue Area, New Blue Area, and sectors F-8 and G-8 largely retain their existing rates, ranging between Rs40,000 and Rs150,000 per square foot.

Rural areas of Islamabad remain outside the scope of this revision and will continue to follow rates determined by the District Collector under the July 2025 notification.

The revision is widely seen as an effort to align official property valuations more closely with prevailing market realities, potentially encouraging greater documentation and transparency in real estate transactions across the capital.

What the New Rates Mean for Buyers and Sellers

The revised valuation rates directly affect the tax obligations of both parties in any property transaction. Every property transaction, whether involving a house, plot, apartment, shop, or any other form of land, requires both the buyer and the seller to pay advance income tax and withholding tax based on official FBR valuation rates. An increase in official valuation directly raises the cost of property transactions for both buyers and sellers.

The FBR collects withholding tax ranging from 4.5% to 11.5% on the sale of property and from 2.5% to 18.5% on the purchase of property in December 2025. With the new rates cutting valuations by 10 to 35 percent across a wide range of residential and commercial categories, the corresponding tax liabilities on transactions are expected to reduce proportionally across most sectors.

Effect on Transaction Volumes

Prior valuation increases had a measurable dampening effect on market activity. Higher valuations lead to a further decline in transaction volume, particularly affecting short-term investors, whose profit margins are significantly eroded by higher taxes. Heavy taxation, coupled with a slow market, had pushed investors away from the real estate sector. 

The revised rates are expected to provide relief to the real estate sector and help revive property transactions in the capital. However, the extent of any recovery in transaction volumes will depend on broader market conditions, interest rates, and purchasing power factors beyond the scope of the valuation revision itself.

Business Community Perspective

Real estate analysts have offered a measured reading of the implications. According to Pkrevenue, analysts said the revised framework could increase transaction costs in prime areas while improving transparency in property deals, but warned that higher valuations may temporarily slow activity in certain segments. 

ICCI President Sardar Tahir Mehmood identified the core issue that the revision addresses:

“Noting that earlier inflated valuations had created hurdles for genuine investors and contributed to a slowdown in property transactions, and that the new notification reflects a pragmatic approach by the FBR to rationalise property valuations in line with prevailing market conditions.”

ICCI Senior Vice President Tahir Ayub called for direct financial relief for market participants, stating that:

“The revision would ease financial pressure on traders and industrialists who have been facing difficulties due to high taxation, thereby reviving business confidence and promoting investment in the real estate and construction sectors.”

ICCI Vice President Muhammad Irfan Chaudhry addressed the longer-term structural dimension, remarking that:

“Rationalising property values is a step towards creating a more balanced and investor-friendly environment, and such measures are essential to ensure sustainable growth in the property market and encourage greater documentation of the economy.”

The collective assessment from these voices points to one central argument: that the gap between official FBR valuations and actual market prices had become a structural barrier to legitimate transactions, and that realistic valuations are a more effective instrument for achieving both revenue growth and market transparency.

Policy Consistency and Regulatory Context

Since 2016, the FBR has been determining fair market prices for properties in major urban centres, with the revised property tables used to calculate federal taxes, including capital gains tax and withholding tax. Internationally, tax is charged on the transaction value, but in Pakistan, the collector value is often much lower than the actual transaction value, a structural gap that has complicated property tax policy for years.

The frequency of revisions in the current cycle, four SROs in five months, has drawn attention to the need for a more stable valuation framework. The ICCI urged authorities to continue engaging stakeholders in policymaking to ensure sustainable economic outcomes, reflecting a broader industry call for a consultative and consistent regulatory process going forward.

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CategoriesEconomy Feature Article Investment Property Laws Real Estate

From 3% to 1%: How CDA’s New Fee Policy Could Reshape Real Estate

The CDA has cut the property transfer fee from 3% to 1% reversing a move that quietly stalled one of Pakistan’s most active urban real estate markets.

Type Location Published Sources
Feature Report Islamabad, Pakistan April 17, 2026 The News International, Dawn, The Express Tribune

For anyone who has ever tried to transfer a property in Islamabad, the process is familiar: paperwork, queues, challans, and at the end of it, a fee that eats a meaningful chunk out of the deal. For nearly nine months, that fee stood at 3% of the government-assessed property value, a rate that many buyers and sellers quietly called the last straw. On April 9, 2026, the Capital Development Authority (CDA) changed that. The transfer fee is now 1%.

It sounds like a small adjustment on paper. But for a market that had visibly slowed since mid-2025, this single decision may prove to be the most consequential policy move for Islamabad’s real estate sector in recent years.

How it got to 3% in the first place

To understand why this cut matters, it helps to go back to July 2025. That summer, the CDA revised its property transfer fee upward from 1% to 3% in a move aligned with updated Federal Board of Revenue (FBR) property valuations. On the surface, it seemed like a routine administrative update. In practice, it tripled the closing cost for every buyer in the capital.

The impact was immediate. A property previously attracting a transfer fee of Rs 35,000 suddenly carried a fee of Rs 105,000. Deal pipelines that were nearly closed began to stall. Buyers who had already arranged financing found themselves short. Sellers struggled to find willing buyers at the new all-in cost. Market volumes dropped quietly but steadily through the second half of 2025.

3× Fee increase in July 2025

9 Months Market slowed under a high rate

65%+ Drop in transfer cost from today

Meanwhile, the federal government had been moving in the opposite direction. The FY2025-26 Budget had reduced advance property tax from 3% to 1.5% a signal that Islamabad’s CDA policy was running against the national grain.

Trade bodies began making noise. The Islamabad Chamber of Commerce and Industry, the Islamabad Estate Agents Association, and the United Business Group all formally called for a reversal.

The new chairman, a new approach

In early April 2026, Sohail Ashraf took charge as CDA Chairman. He also holds the office of Chief Commissioner of Islamabad a combination of roles that gives him significant authority. His third board meeting, held on April 9, produced the reversal the market had been waiting for.

The philosophical shift was as notable as the numbers. Ashraf stated explicitly that the goal going forward would be to broaden the tax base rather than increase tax rates. In other words, CDA would rather collect smaller amounts from more people and more transactions than squeeze harder from a shrinking pool.

“Instead of increasing property taxes in Islamabad, efforts should be made to broaden the tax base.”

— Sohail Ashraf, Chairman CDA and Chief Commissioner Islamabad

The CDA Board formally approved the new rate and issued the official notification on the same day. It supersedes the previous notification dated July 1, 2025. All revenue departments were directed to apply the 1% rate immediately.

What the numbers actually look like

The fee is calculated on the FBR-notified (assessed) value of the property not the open market price. This distinction matters. FBR assessments are typically lower than what properties actually trade for on the market. So the real saving is often larger than even a two-thirds reduction implies.

FBR-assessed value Old fee @ 3% New fee @ 1% Saving
Rs 5,000,000 Rs 150,000 Rs 50,000 Rs 100,000
Rs 10,000,000 Rs 300,000 Rs 100,000 Rs 200,000
Rs 20,000,000 Rs 600,000 Rs 200,000 Rs 400,000
Rs 50,000,000 Rs 1,500,000 Rs 500,000 Rs 1,000,000

The new rate applies to all properties within CDA-controlled areas of Islamabad residential sectors such as F-8, G-10, and I-8, as well as commercial areas, including the Blue Area. It does not apply to properties in housing societies outside the CDA jurisdiction.

How beneficial this is for the market

High transfer fees do more damage than just raising costs. When the official route becomes too expensive, informal shortcuts become tempting. Transfers get delayed or, worse, go undocumented.

Ownership records fall out of date. Future disputes over inheritance, resale, or financing become more complicated. Every informal shortcut is a hairline fracture in the property market’s long-term integrity.

Lower fees reverse that incentive. When the official cost is reasonable, there is simply less reason to cut corners. More documented transactions mean better price discovery because verified deals build the official data trail that the entire market relies on.

“This decision will increase business activity, restore public confidence, and help the real estate sector, along with its allied industries, regain momentum.”

— Zafar Bakhtawari, Secretary General, United Business Group

For buyers, the benefit is immediate: lower upfront cost and less last-minute financing pressure near closing. For sellers, it widens the pool of serious buyers. For developers, it reduces the cost of moving inventory.

And, in what many analysts called a counterintuitive but well-established effect, CDA itself may collect more revenue, not less, because more transactions will now be completed formally and on record.

Beyond the fee what else was decided

The April 9 board meeting was not only about the transfer fee. Two other significant decisions were also taken.

The CDA board approved the appointment of Creative Consultants, designated as a City Curator, to help develop Islamabad as a cultural and tourism destination. The initiative covers landscaping, parks, green belts, and urban vibrancy a long-discussed ambition for the capital that has now moved from idea to formal procurement.

The board also addressed solid waste management. After reviewing recommendations from its own committees, it decided to terminate the current outsourcing procurement process and revisit successful models from other cities before restarting. The chairman described the goal as adopting a sustainable and efficient system rather than pushing through a flawed one.

What happens now

For buyers and sellers currently in the process of a property transfer, the practical guidance is straightforward:

  • Confirm your property falls under CDA jurisdiction
  • Verify with the dealing office that the 1% rate is being applied to your file.
  • Calculate on the FBR-notified value rather than the market price. Keep all receipts and the updated notification, which replaces the July 2025 circular.

It is also worth noting that the transfer fee is one part of the total closing costs. Other taxes and administrative charges still apply, depending on the transaction. The cut is significant, but it is not a removal of all costs.

What it is, however, is a signal. The new CDA leadership has chosen, in its first major policy move, to reduce rather than increase. In a market that has spent the better part of a year waiting for exactly that signal, the timing could not have been more deliberate.

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CategoriesNews Economy Investment

IMF Cuts Pakistan Growth Forecast to 3.5%, Raises Inflation Outlook to 8.4%

ISLAMABAD: The International Monetary Fund (IMF) has lowered its growth forecast for Pakistan. For the fiscal year 2026–27, the Fund now expects the economy to grow by 3.5 percent, down from its earlier estimate of 4.1 percent. The figures were published in the IMF’s World Economic Outlook report at its spring meetings.

For the current fiscal year, 2025–26, the growth estimate stays at 3.6 percent. The inflation forecast, however, has been raised. Prices are now expected to rise by 7.2 percent this year, up from 6.3 percent previously. For next year, inflation is forecast at 8.4 percent, compared to an earlier estimate of 7 percent.

The IMF linked the weaker outlook mainly to the conflict in the Middle East. The conflict has pushed oil prices higher and heightened global economic uncertainty. Pakistan imports around 90 percent of its energy from the region, which makes it more vulnerable to these developments than many other countries.

On trade and external payments, Pakistan’s current account deficit is expected to be about 0.4 percent of GDP this fiscal year. That figure is projected to rise to around 0.9 percent of GDP, roughly five billion US dollars, in fiscal year 2026–27. The IMF’s worst-case scenario assumes oil prices between $100 and $120 per barrel.

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CategoriesNews Economy Geopolitics Investment Trade

Pakistan Opens Iran Transit Route for Central Asia Exports

ISLAMABAD: Pakistan has dispatched its first commercial export consignment to Uzbekistan through a newly activated land route via Iran. The shipment, consisting of refrigerated trucks carrying frozen beef, departed from Karachi and crossed into Iran at the Gabd-Rimdan border point.

The transit is being conducted under the TIR convention, an international customs framework that allows goods to move across borders with minimal regulatory delay. The consignment is currently en route to Tashkent.

The route bypasses Afghanistan, offering Pakistan a more reliable alternative for accessing landlocked Central Asian markets. The Gabd-Rimdan crossing sits near Gwadar, effectively connecting the deep-sea port to regional trade networks.

Officials view the development as part of Pakistan’s broader push to expand its export footprint under the CPEC framework. Central Asia represents a combined market of over 70 million consumers.

The inaugural shipment is expected to strengthen trade ties between Islamabad, Tehran, and Tashkent, while boosting the commercial role of both Karachi and Gwadar ports.

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CategoriesNews Economy Investment Trade

PSX Plunges 4,800 Points as US-Iran Talks Collapse in Islamabad

ISLAMABAD: Pakistan’s benchmark KSE-100 Index dropped sharply on Monday morning following the breakdown of US-Iran peace talks held in Islamabad. At 9:34 AM, the index stood at 162,396.21, down 4,795.16 points or 2.87% from the previous close.

Selling pressure was broad-based, affecting key sectors including automobiles, cement, commercial banking, oil and gas exploration, power generation, and refining. Notable index-heavy stocks trading in the red included ARL, HUBCO, MARI, OGDC, POL, PPL, PSO, SSGC, SNGPL, and WAFI.

The market decline followed US Vice President JD Vance’s announcement on Sunday that the American negotiating team was departing Pakistan after 21 hours of talks failed to produce a deal. Vance stated Iran had declined to accept American terms, which included a commitment not to develop nuclear weapons.

Iran’s parliamentary speaker Mohammad Baqer Qalibaf acknowledged no agreement was expected from a single round of negotiations, citing an ongoing trust deficit between the two sides.

The outcome reversed gains recorded during the previous week, when the KSE-100 had risen 1,673.87 points or 1.01%, buoyed by investor optimism over the then-ongoing diplomatic process.

Global markets also reacted negatively. Brent crude futures surged approximately 8% to $103 per barrel, while S&P 500 futures fell around 1%. The euro slipped roughly 0.5% against the dollar. Asian markets declined modestly, with Japan’s Nikkei down 0.4%, South Korea’s KOSPI falling 1.4%, and Australia’s ASX 200 slipping 0.6%.

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Petroleum Prices by Rs135
CategoriesNews Economy Transport

Pakistan Slashes Petroleum Prices by Rs135 as Global Oil Markets Stabilise

ISLAMABAD: Prime Minister Shehbaz Sharif announced a significant reduction of Rs135 per litre in high-speed diesel (HSD) and Rs12 per litre in petrol prices on Friday, effective April 11, 2026, extending much-needed financial relief to millions of consumers grappling with sustained inflationary pressures.

Following the announcement, the Petroleum Division officially notified the revised rates, bringing HSD down from Rs520.35 to Rs385.54 per litre and petrol from Rs378.41 to Rs366.58 per litre, the steepest single-day diesel price cut in recent memory.

The Prime Minister attributed the decision to a decline in global oil prices, describing it as his “moral and political responsibility” to pass the full benefit on to the public. Notably, he disclosed that he had been advised to retain a portion of the savings to offset the Rs129 billion subsidy extended by the government in preceding weeks, a proposal he firmly rejected.

The announcement’s timing is particularly significant for Pakistan’s agricultural sector, as it coincides with the ongoing wheat harvest season. A reduction in diesel prices is expected to lower farm mechanisation costs directly, helping safeguard both farmer incomes and food affordability for the general public. Broader economic benefits are also anticipated, with logistics and public transport costs likely to ease in the near term.

The calming of global energy markets follows a two-week ceasefire between Iran and the United States, brokered with Pakistan’s diplomatic involvement. The truce has temporarily eased concerns over supply disruptions through the Strait of Hormuz, a critical corridor for global oil trade.

It is worth noting that existing levies remain intact, including a petroleum levy of Rs80.61 per litre on petrol and a Rs2.50 per litre climate support levy across multiple fuel types. The government has not indicated how long the revised prices will remain in effect.

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CategoriesNews Current Affairs Economy Geopolitics Investment Trade Trending

Pakistan Emerges as Key Mediator in the US–Iran Peace Talks | All Eyes on Islamabad

ISLAMABAD, April 10, 2026 —Pakistan stands at the centre of one of the most consequential diplomatic efforts in decades as Islamabad prepares to host the US Iran peace talks, positioning the country as the primary intermediary in efforts to stabilise a conflict that disrupts global energy supplies and threatens wider regional escalation. The emerging framework, increasingly referred to by diplomats as the Islamabad Accord, follows a Pakistan-brokered ceasefire after weeks of intensive shuttle diplomacy.

The US Iran talks come after the US-Iran ceasefire announced on April 7–8, which emerged following sustained diplomatic engagement led by Pakistan’s civilian and military leadership. Islamabad facilitates backchannel communication, relays proposals, hosts regional meetings and coordinates with partners including China and Saudi Arabia. The agreement pauses hostilities shortly before a U.S. escalation deadline, underscoring the urgency surrounding the diplomatic push.

Analysts describe the development as a major diplomatic breakthrough. South Asia expert Michael Kugelman calls the mediation “one of Pakistan’s biggest diplomatic wins in years,” according to a France 24 report.

Conflict Triggered Global Energy Shock After Strait of Hormuz Closure

strait of hormuz

The crisis begins on February 28, 2026, when coordinated U.S. and Israeli airstrikes target Iran’s leadership and military infrastructure. Iran responds with missile and drone attacks and moves to close the Strait of Hormuz, the narrow waterway through which roughly 20 percent of global oil supply flows.

The closure of the Strait of Hormuz immediately disrupts global markets. The International Energy Agency warns the situation represents “the largest supply disruption in the history of the global oil market,” according to the IEA Oil Market Report cited in the document.

According to IEA data referenced in the report:

  • About 20 million barrels per day of oil are disrupted
  • Brent crude rises close to $120 per barrel
  • Analysts warn prices could reach $200 per barrel, according to Bloomberg
  • Global LNG supply drops around 20 percent
  • Gulf food imports fall by roughly 70 percent
  • Global GDP risk reaches −1.3 percentage points, according to Dallas Fed research

These figures illustrate the global stakes surrounding the US Iran peace talks and the urgency behind the Pakistan-brokered ceasefire.

Jet fuel prices double while U.S. gasoline prices rise about 30 percent, according to reporting cited from Time and industry data referenced in the report.

Pakistan Emerges as Only Credible Mediator

Pakistan mediates the US Iran crisis largely because of its unique diplomatic positioning. Islamabad maintains relations simultaneously with Washington, Tehran, Riyadh and Beijing, a rare diplomatic victory.

Pakistan shares a 900-kilometre border with Iran, maintains defence cooperation with Saudi Arabia and retains longstanding ties with the United States. It is also widely regarded as China’s closest regional partner, according to analysis cited from Al-Monitor.

Pakistan also has significant domestic and economic stakes:

  • Over 20 million Shia Muslims
  • Approximately 5 million workers in Gulf states
  • Annual remittances of $38.3 billion
  • Heavy reliance on energy imports through the Strait of Hormuz

Pakistan also emphasises neutrality. Officials condemn attacks by all sides and rule out military participation against Iran, strengthening Islamabad’s credibility as mediator, according to reporting cited from Al Jazeera.

Six Weeks of Shuttle Diplomacy Leads to Islamabad Accord

Pakistan launches diplomatic outreach immediately after the conflict begins.

On March 3, Foreign Minister Ishaq Dar tells Pakistan’s Senate Islamabad is ready to facilitate US Iran talks, according to Al Jazeera.

Prime Minister Shehbaz Sharif meets Saudi leadership in Jeddah on March 12, expressing solidarity while reassuring Iran. The move helps prevent further escalation, according to reporting referenced from CNN.

Regional foreign ministers meet in Riyadh on March 19 and again in Islamabad on March 29, aligning diplomatic positions for the US Iran peace talks.

Pakistan relays a 15-point U.S. ceasefire proposal to Tehran on March 25. Iran rejects the proposal but submits its own conditions, keeping negotiations alive.

On March 31, Pakistan and China announced a joint five-point peace initiative calling for cessation of hostilities and restoration of navigation in the Strait of Hormuz, reinforcing momentum toward the Islamabad Accord.

Further negotiations follow. Pakistan presents a two-phase ceasefire framework in early April. The exchange culminates in the US-Iran ceasefire announced April 7–8, according to reporting from CNN, Al Jazeera and France 24.

Historic Significance of US Iran Peace Talks

US Iran peace talks

Analysts describe the US Iran peace talks in Islamabad as unprecedented. The mediation marks the first time Pakistan brokers a ceasefire between adversaries during active escalation, according to expert assessments cited from Al Jazeera.

The engagement also represents the highest-level US Iran talks since 1979, according to Time.

Economic Stakes Linked to Ceasefire

The US-Iran ceasefire and potential Islamabad Accord carry major economic implications.

A diplomatic breakthrough could revive the Iran–Pakistan gas pipeline. The project:

  • Length: 2,775 km
  • Gas flow: 21.5 million m³/day
  • Power generation: 4,000 MW
  • Savings: $2.3 billion annually
  • Penalty risk avoided: $18 billion

These figures come from IPRI Pakistan research cited in the report.

The conflict also threatens remittances from Gulf-based Pakistani workers. About five million workers send home $38.3 billion annually, according to Time.

Global Reaction to Pakistan Mediates Ceasefire

International leaders welcome the Pakistan-brokered ceasefire.The United Nations calls for compliance with terms. European Commission President Ursula von der Leyen welcomes de-escalation. UK Prime Minister Keir Starmer calls the deal a “moment of relief.”

These reactions are cited from international coverage referenced in the report, including Reuters and Al Jazeera.

China says it works actively to help bring about the US-Iran ceasefire, while Iran confirms acceptance of the agreement.

Islamabad at the Centre of Global Diplomacy

Islamabad accord

Pakistan mediates the crisis at a moment when global markets remain sensitive to disruptions in the Strait of Hormuz and regional escalation risks. The Pakistan-brokered ceasefire pauses what analysts describe as the largest oil disruption in modern history and positions Islamabad as a central diplomatic actor.

The US Iran peace talks, expected to shape the emerging Islamabad Accord 2026, now place Pakistan at the centre of global diplomacy; with energy security, regional stability and geopolitical alignment all hinging on the outcome.

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Kachehry Chowk Project
CategoriesNews Construction Developments Economy

Construction Material Prices Drive Kachehry Chowk Project Cost Up by Rs3 Billion

RAWALPINDI: The ambitious District Kachehry underpass, overhead bridge, and pedestrian bridges project in Rawalpindi has witnessed significant cost escalation, with the budget rising from Rs16 billion to Rs19 billion. Authorities attribute the sharp increase to skyrocketing prices of key construction materials, including cement, sand, and steel, which have placed considerable financial strain on the infrastructure initiative.

In addition to the cost overrun, the project has suffered a 30-day delay in its scheduled completion. Eid holidays and persistent heavy rainfall over the past three weeks have disrupted construction timelines, pushing the expected completion date from April 30 to May 30, 2026. Preparations for the inauguration ceremony have consequently been suspended until further notice.

Rawalpindi Commissioner Aamir Khattak has taken strict notice of the setback and issued firm directives to the concerned authorities to ensure the project is completed by May 30 without any further extension. During a recent site visit alongside Frontier Works Organisation officials, the commissioner reviewed construction progress firsthand and received detailed briefings from engineers and contractors.

Current figures indicate that overall construction progress stands at 76 percent, with work being carried out in double shifts to compensate for lost time. Physical progress at Kachehry intersection stands at 74 percent, 72 percent at Iftikhar Janjua, and 71 percent at Annex Chowk. Utility ducts are 83 percent complete, pedestrian bridges 50 percent, the tube well 96 percent, and the retaining wall 98 percent complete.

The project has also sparked controversy following the closure of the 200-year-old main gate of the district courts and adjoining access routes serving multiple judicial institutions. Judges, lawyers, and court staff have formally protested the closure, prompting the matter to be escalated to the High Court. Authorities have cited security concerns as justification, while legal community representatives have deemed alternative routes unsafe.

Launched on November 3, 2025, the project remains on course for its revised May 2026 deadline.

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Gold Surges Rs15,700
CategoriesNews Economy

Gold Surges Rs15,700 per Tola in Pakistan After US-Iran Ceasefire Agreement

KARACHI: Gold prices in Pakistan witnessed a significant single-day surge on Wednesday, with the per-tola rate climbing by Rs15,700 to reach Rs504,162, as international bullion markets rallied on a temporary breakthrough in the geopolitical standoff between the United States and Iran.

The All-Pakistan Gems and Jewellers Sarafa Association confirmed that the price of 10 grams of gold also rose by Rs13,460, settling at Rs432,237. Silver followed the upward trend, gaining Rs440 to trade at Rs8,184 per tola. The gains came a day after gold had declined, with the per-tola rate having closed at Rs488,462 on Tuesday.

On the international front, spot gold climbed 1.2 percent to $4,756.37 per ounce during mid-session trading, having earlier touched a gain of over 3 percent its strongest level since March 19. June delivery futures on US exchanges advanced 2.1 percent to $4,782.70 per ounce.

The primary catalyst behind the rally was a two-week ceasefire agreement between Washington and Tehran, reportedly facilitated through Pakistan’s diplomatic engagement. The truce prompted a retreat in both oil prices and the US dollar, conditions that traditionally bolster demand for gold as a store of value and safe-haven asset.

The Pakistani rupee registered a marginal gain of Rs0.01, settling at 279.05 against the US dollar, as the greenback touched a one-month low in global currency markets. Analysts anticipate continued volatility in gold prices, with movements closely tied to developments in the Middle East and signals from the Federal Reserve in the near term.

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CategoriesNews Economy Investment Property Taxes Trade

Pakistan’s OPF launches global outreach drive, seeks mandatory diaspora enrolment

ISLAMABAD: Over 12 million Pakistanis live and work outside the country. Until now, the government had no formal system to register, track, or serve them. The OPF is moving to change that, and its chairman is personally carrying that message to every major diaspora hub.”

Every year, Pakistanis living abroad send billions of dollars back home. Last year, that figure hit a record $38.3 billion. Yet, despite that contribution, the government had no formal, structured relationship with these citizens. That is now changing, and changing fast.

OPF Chairman Syed Qamar Raza Shah is currently on an international tour spanning Japan, South Korea, Germany, and the UAE. At each stop, he has been sitting with Pakistani community members, listening to their concerns, and making commitments on the spot. The tour is not just a goodwill exercise. It is laying the ground for the most significant changes to the Overseas Pakistanis Foundation in its 45-year history.

In Japan, community leader Haji Syed Saleem Shah described the visit as a turning point. Pakistanis there raised long-standing problems, including jobs, education, legal disputes, and property matters back home. For many, it was the first time such issues were heard at a senior government level. The OPF Chairman gave direct instructions for urgent cases to be resolved immediately.

“This visit has given new hope to the Pakistani community in Japan. For the first time, their issues were seriously heard at such a high level.”
— Haji Syed Saleem Shah, Chairman, Ahl-e-Bait Foundation Japan

The same pattern repeated in the UAE. There, the OPF Chairman went a step further — announcing a formal proposal to make OPF membership compulsory for all overseas Pakistanis worldwide. Under the proposal, every Pakistani abroad would be required to register with the foundation and pay a one-time fee of Rs10,000 (around $35). The proposal now awaits approval from Prime Minister Shehbaz Sharif.

To go alongside the obligation, OPF has launched the Overseas Pakistanis Education Fund (OPEF), a scholarship program for children and spouses of overseas Pakistanis studying in Pakistani universities and colleges. The deadline to apply is April 30, 2026.

Two moves together tell the full story: the government wants to register its diaspora, fund its operations through their fees, and in return, invest in their families back home.

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