ISLAMABAD: The federal government has informed the International Monetary Fund (IMF) about a plan to recover more than Rs110 billion in outstanding power-sector dues from provincial governments by adjusting the amount against their shares under the National Finance Commission (NFC) award. The proposal was discussed during recent talks with the IMF, which raised concerns about…
The government has announced a reduction in the prices of petroleum products, providing some relief to consumers, transporters and businesses across Pakistan. Under the latest adjustment, the price of petrol has been reduced by 84 paisas per litre, while high-speed diesel (HSD) has become cheaper by Rs2.63 per litre. Petroleum prices are reviewed periodically based…
Saudi Arabia has extended the tenure of its $3 billion financial facility to Pakistan, providing significant relief to the country’s external financing position and reducing immediate repayment pressure. The move is expected to strengthen Pakistan’s foreign exchange reserves and support overall economic stability. Federal Finance Minister confirmed the extension, describing it as a timely boost…
Global crude oil prices remained volatile as investors continued to assess the impact of economic uncertainty, geopolitical tensions, and supply expectations on international energy markets. According to the latest market data, West Texas Intermediate (WTI) crude was trading at $68.97 per barrel, while Brent crude, the global benchmark, stood at $72.50 per barrel. The fluctuating…
Pakistan’s total federal government debt reached Rs82 trillion by the end of May 2026, marking an increase of Rs5.9 trillion compared with the same period last year, according to the latest debt bulletin released by the State Bank of Pakistan (SBP). The report shows that the country’s overall federal debt grew by 7.8% year-on-year, slightly…
Centre Seeks Rs1.7 Trillion Cut in Provincial NFC Share, Says KP Finance Adviser ISLAMABAD – Khyber Pakhtunkhwa Finance Adviser Muzammil Aslam has claimed that the federal government is seeking a reduction of Rs1.7 trillion in the provinces’ share under the National Finance Commission (NFC) Award, while also urging provincial governments to increase tax collection and…
Pakistan’s financial markets are closely watching the upcoming decision by the State Bank of Pakistan as its Monetary Policy Committee (MPC) prepares to announce the third policy rate of 2026. Analysts and economists widely expect a rate hike amid rising inflation and economic uncertainty. Market expectations suggest a possible increase of 50 to 100 basis…
Gold and US dollar rates have shown new movement in Pakistan’s open market, reflecting ongoing currency trends and global financial developments. According to market dealers, the price of gold per tola has experienced fluctuations amid changing international bullion rates. Similarly, the US dollar rate in the interbank and open market has recorded minor adjustments. Currency…
The Government of Pakistan has announced revised fuel prices effective February 16, 2026, marking a notable increase in the cost of petrol and diesel across the country. Under the new pricing structure, the price of petrol has risen by approximately Rs 4.39 per litre, while the price of diesel has increased by around Rs 5.40…
