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Pediastan Biz Updates

Business, economy, development & corporate updates from Pakistan. Daily insights, fast updates, credible information.

03/06/2026

Pakistan's mobile phone industry has raised concerns over proposals that could phase out the local manufacturing of 2G mobile phones. Industry representatives argue that millions of Pakistanis, particularly in low-income and rural areas, still rely on affordable 2G devices for basic communication and mobile connectivity.

Manufacturers warn that a sudden shift away from 2G phone production could impact local assembly plants, employment, and consumer affordability. They have urged policymakers to adopt a gradual transition strategy that balances technological advancement with the needs of users who depend on entry-level mobile devices.

The debate comes as Pakistan continues expanding smartphone adoption and digital services, while also working to improve internet access and telecommunications infrastructure across the country. Industry stakeholders say any future policy should support both digital inclusion and the growth of local manufacturing.

03/06/2026

Islamabad district administration has issued a new notification revising business operating hours in the capital under ongoing austerity and energy conservation measures. The updated timings will come into effect from June 3, 2026.

According to the Office of the District Magistrate, all shops, markets, malls, bazaars, and grocery stores will now close at 9:00 pm every day, including weekends. Marriage halls and other event venues must shut by 10:00 pm.

Restaurants, cafés, and food outlets, along with fruit and vegetable shops, will be allowed to remain open until 11:00 pm. However, takeaway and home delivery services will continue without any time restrictions.

03/06/2026

Gold prices in Pakistan fell on Wednesday, tracking a decline in the international market.

In the local market, the price of gold per tola dropped by Rs 8,600 to reach Rs 467,762. Similarly, the price of 10 grams of gold fell by Rs 7,373 to settle at Rs 401,030, according to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

A day earlier, gold had recorded a gain of Rs 4,600 per tola. Internationally, gold prices also slipped by $86, reaching $4,454 per ounce, with a $20 premium.

03/06/2026

Despite the government’s Uraan programme aiming to raise exports to USD 60 billion, the Commerce Ministry has admitted that Pakistan’s export performance remains largely unchanged.

In a meeting of the National Assembly Standing Committee on Commerce, officials cited several challenges behind the stagnation. These include anti-export taxes, high energy prices, expensive financing, and broader structural issues that make business operations costly.

Lawmakers also pointed out that export earnings have stayed between USD 25–30 billion for nearly two decades. They questioned why no significant improvement has been seen even after more than a year and a half since the launch of the Uraan programme.

03/06/2026

Ghani Dairies has expanded its dairy operations in Khushab with the import of 300 additional heifers from Australia. The latest shipment increases the company's herd size and supports efforts to boost milk production through improved livestock genetics.

The expansion reflects continued investment in modern dairy farming practices aimed at enhancing productivity, supporting food security, and strengthening Pakistan's livestock sector.

03/06/2026

Global cryptocurrency and digital asset platform Bitget is preparing to enter the Pakistani market.

The company is currently hiring for a Chief Executive Officer or Managing Director role in Pakistan, with the job listing already active on LinkedIn. Both remote and on-site candidates are being considered as part of the recruitment process.

Bitget is among the world’s largest Universal Exchanges, serving over 125 million users globally. It offers access to more than two million crypto tokens, along with tokenized stocks, ETFs, commodities, forex products, and precious metals like gold.

The platform has expanded quickly in recent years by building a multi-asset trading ecosystem and using AI-powered tools to help users with trading decisions and market analysis.

03/06/2026

Shareholders of Ghani Chemical Industries Limited (GCIL) have approved an investment of up to Rs. 1.86 billion in its associated company, GHG Emissions Mitigation Limited (GEM). The move is part of a project focused on gas mitigation and energy production.

The decision was taken during the company’s Extraordinary General Meeting held on June 2, 2026, in line with resolutions submitted to the Pakistan Stock Exchange. Shareholders approved the subscription of 186.298 million right shares of GEM at a face value of Rs. 10 per share.

The company has also authorized its chief executive officer, executive director, and company secretary to complete all formalities required to execute the investment plan.

03/06/2026

Pakistan’s financial system added more than 6.8 million new bank accounts in 2025, with women making up 55% of all new account holders, according to the State Bank of Pakistan. The growth helped the country achieve all first-year targets under the National Financial Inclusion Strategy 2024-2028.

As a result, Pakistan’s financial inclusion rate rose to 69%, while the gender gap in access to financial services narrowed to 29%, showing improved participation by women in the formal banking sector.

The expansion was driven by growing adoption of digital banking services. A major milestone was the nationwide rollout of Raast Person-to-Merchant payments, allowing more than two million merchants to accept digital payments through QR codes.

03/06/2026

Pakistan Institute of Development Economics (PIDE) has proposed raising Pakistan’s minimum wage to Rs. 45,000 per month for FY2026-27. The recommended rate is 12.5% higher than the current minimum wage of Rs. 40,000.

In a new policy paper, PIDE called for a more structured and transparent system for setting minimum wages instead of relying mainly on periodic wage announcements.

The proposed model follows International Labour Organization (ILO) guidelines and aims to balance workers’ living costs, family needs, business affordability, productivity growth, and provincial economic conditions.

03/06/2026

Pakistan collected an estimated 7.5 million animal hides during Eid al-Adha this year, giving a major boost to the country’s leather industry. The sector is expected to generate around Rs. 8.7 billion in economic activity from the annual religious festival.

The collected hides include about 2.8 million from cows and bulls, 4.3 million from goats, 500,000 from sheep, and nearly 30,000 from camels.

These figures show the crucial role Eid al-Adha plays in supporting Pakistan’s leather industry, which depends heavily on festival-season hide collection as a key source of raw materials.

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