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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.

Pakistan has approved the long-awaited Brownfield Refining Policy, unlocking nearly $6 billion in investments to modernize existing oil refineries. The policy will boost Euro-V fuel production, increase petrol and diesel output, reduce furnace oil production, and strengthen Pakistan's energy security through major refinery upgrades and investment incentives.

Starting September 6, the Punjab Environmental Protection Agency (EPA) will prohibit businesses from charging customers for plastic bags. This mandate aims to stop retailers from profiting off plastic, which has discouraged the use of eco-friendly alternatives. While plastic bags must now be provided for free, businesses are still permitted to charge for reusable or recyclable non-plastic options. Violators face fines up to Rs50,000, potential store closures, and legal action.

The Sindh government has distributed solar home system kits to 140 households in Tharparkar and Ghotki as part of the "Roshan Ghar – Roshan Sindh" initiative. Funded by the Sindh Energy Department and executed by the Sindh Rural Support Organization (SRSO), the project aims to bring clean, reliable, and affordable solar energy to 275,000 households across 30 districts. To ensure the sustainable and safe use of the systems, all recipients underwent training on equipment installation, operation, and maintenance.