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The Punjab government has launched a major project to build 67 underground rainwater storage tanks across 52 cities to combat urban flooding and enhance water security. Part of the Punjab Development Programme (PDP), the initiative targets flood-prone areas like Kamoke (19 tanks), Kot Abdul Malik (14), and Ferozewala (14), drawing inspiration from efficient international water management models. Officials have directed that construction be completed before the upcoming monsoon season to provide immediate relief to cities vulnerable to waterlogging.

Pakistan’s economy is showing strong recovery signs as tax revenue reached Rs8.1 trillion in the first eight months of FY2025–26, up from Rs7.3 trillion last year. This growth is supported by a 4.8% rebound in Large-Scale Manufacturing led by a massive 67.2% spike in the automobile sector and a 11.3% increase in remittances, which hit $23.2 billion. On the trade front, ICT exports surged by 20%, helping drive services exports to $5.7 billion. While February inflation rose to 7% due to energy tariff adjustments, the cost of essential food items like eggs, chicken, and potatoes has actually dropped significantly. Planning Minister Ahsan Iqbal credited these gains to better tax compliance and increased development spending, though he warned that global energy volatility and Middle East tensions remain key risks to long-term stability.

The Pakistani government has announced a massive Rs55 per litre increase for both petrol and diesel, effective from midnight on Friday. This record hike brings petrol to Rs321.17 and diesel to Rs335.86 per litre, a decision driven by skyrocketing global oil prices following the escalation of conflict between Iran, the US, and Israel. Government officials, including Finance Minister Muhammad Aurangzeb and Deputy PM Ishaq Dar, noted that the regional instability has caused Brent crude to surge above $90 a barrel. In response to the crisis, Prime Minister Shehbaz Sharif has ordered an immediate nationwide crackdown on fuel hoarding and the cancellation of licenses for stations creating artificial shortages.

South Korea is warning that the intensifying conflict involving Iran, Israel, and the U.S. could disrupt the global semiconductor supply chain. The crisis threatens the sourcing of helium, a critical material with no viable alternatives used for heat management in chip production. While major players like SK Hynix report sufficient current inventories, industry leaders fear that prolonged regional instability will lead to higher energy costs and stall Big Tech’s expansion of AI data centers in the Middle East. This warning comes as drone strikes have already damaged Amazon data centers in the UAE and Bahrain, raising concerns for companies like Microsoft and Nvidia that view the region as a future hub for AI computing.

The government’s transition from net metering to a more restrictive net billing system under the Prosumer Regulations 2026 has fundamentally altered the economics of solar energy in Pakistan. By forcing consumers to sell excess electricity back to the grid at significantly lower rates than they pay to import it, the new policy has drastically extended the payback period for solar investments and cooled a market that was previously the fourth largest in the world for solar imports. This slowdown poses a direct threat to Pakistan’s $100 billion export target, as industries particularly textiles urgently need cheap, green energy to comply with the European Union’s upcoming carbon taxes and remain competitive against regional rivals. Consequently, as policy uncertainty drives a sharp decline in solar panel imports, the market is shifting toward smaller, self-sufficient systems and increased battery storage, leaving the country to weigh the short-term goal of protecting grid revenue against the long-term necessity of a sustainable energy transition.

The Murree Police have launched the "Safe Tourism App," an AI-powered platform designed to modernize visitor safety and navigation. In coordination with various departments like Rescue 1122 and the Meteorological Department, the app offers 24/7 features including an AI chatbot for route guidance, a Virtual Women Police Station, and live traffic alerts. To ensure transparency, it also includes a "Text to DPO" WhatsApp feature for instant complaints, providing a comprehensive digital safety net for travelers.

The Rawalpindi Development Authority (RDA) has declared 293 private housing schemes illegal for operating without mandatory approvals and has warned the public against investing in them. Under the direction of Commissioner Rawalpindi and Director General RDA, Engineer Aamer Khattak, the authority is taking strict legal action, including filing FIRs, sealing offices, and demolishing illegal structures. The schemes, located across areas like Taxila, Gujar Khan, and Kahuta, were identified for violations such as unauthorized development, illegal marketing, and incomplete applications. The RDA strongly advises investors and overseas Pakistanis to verify the legal status of any project on the official RDA website, as the authority will not be responsible for financial losses incurred through these unauthorized transactions.

The government has implemented a significant fuel price hike effective March 1, 2026, raising petrol by Rs8 per litre and High-Speed Diesel (HSD) by Rs5.16 per litre. This adjustment brings the new price of petrol to Rs266.17 and HSD to Rs280.86, a move driven by recommendations from the Oil and Gas Regulatory Authority (OGRA) amid volatile global oil markets and regional instability in the Gulf.This increase is expected to place immediate financial pressure on middle- and lower-income households who rely on petrol for motorcycles and small vehicles. Furthermore, the rise in diesel prices the backbone of the transport and agricultural sectors—is likely to trigger a broader inflationary wave. As freight charges for trucks and buses climb, the costs of essential commodities like food grains and vegetables are anticipated to rise, while farmers face higher expenses for operating tractors and tube wells during the current crop cycle.

The escalating war in the Middle East following US and Israeli strikes on Iran has effectively paralyzed Pakistan’s external trade. With over 150 flights cancelled and major shipping routes including the vital Strait of Hormuz suspended or restricted, the supply of oil and LNG to Pakistan faces a critical threat. The UAE and Saudi Arabia, two of Pakistan's largest trading partners, are now in a state of high tension, putting the government’s $60 billion export target at serious risk. Beyond trade, the humanitarian and financial toll is mounting. Thousands of Pakistanis, including Umrah pilgrims, remain stranded, while the country’s stock market has already plunged 9% in a single morning. Remittance inflows, the backbone of Pakistan’s foreign reserves, are expected to drop sharply during the month of Ramazan, as the regional volatility creates massive uncertainty for millions of Pakistani expatriates.