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Pakistan Railways seeks LTE-R spectrum for the Karachi-Sukkur ML-1 project as the PTA advances plans to improve mobile coverage and modernize communication infrastructure across major railway and transport corridors.

Pakistan, Saudi Arabia and Türkiye have signed the Makkah Joint Defence Agreement, strengthening collective security, defence cooperation and regional stability. The pact treats an armed attack on any one country as an attack on all three.

The PTA has capped the initial eSIM issuance fee at Rs1,500 and introduced free transfers between compatible devices for up to 10 migrations under a revised policy taking effect in mid-August 2026. The regulator is also working on digital SIM verification using facial and iris recognition technologies.

Global oil prices jumped more than 3% after reports that Iran is considering restrictions on US and Israeli vessels in the Strait of Hormuz, raising fears of supply disruptions. Renewed geopolitical tensions in the Middle East have increased uncertainty over global energy markets and crude oil supplies.

The federal government has reduced petrol by Rs3.19 per litre and high-speed diesel (HSD) by Rs1.50 per litre for August 7. The revised fuel prices, notified by OGRA, provide temporary relief to consumers and will remain effective until the next price review.

The Pakistan Stock Exchange (PSX) extended its rally as the KSE-100 Index surged over 1,300 points in early Thursday trading, building on the previous session's strong gains. Improved investor confidence, easing geopolitical tensions, and lower global oil prices fueled broad-based buying across key sectors, pushing the benchmark further above the 180,000-point mark.

The Capital Development Authority (CDA) has raised Rs16.44 billion in the first two days of its commercial plot auction in Islamabad, highlighting strong investor confidence in the city's real estate market. The proceeds will be used to fund infrastructure development, civic improvements, and major public projects across the federal capital.

The federal government will construct two new underpasses and establish four Emergency 1122 service centres in Islamabad to improve traffic flow, emergency response, and public infrastructure. The projects form part of the CDA's broader plan to modernize the capital and enhance urban development.

Pakistan's cement industry recorded 6.02% growth in total despatches during July 2026, driven by a 17.28% surge in domestic demand despite a sharp decline in exports. APCMA said strong local construction activity continues to support the sector and urged the government to reduce taxes and duties to sustain growth and boost affordability.