fiscal policy Pakistan Archives

Punjab Halts New Development Funds as FY2027 Budget Preparation Begins

Dua Sehar4 days ago02 mins

The Punjab government has officially begun preparations for its fiscal year 2026-27 budget, introducing strict financial controls as part of the process. Authorities have immediately suspended the release of funds for all new development schemes, signaling a shift toward tighter fiscal management. According to official directives issued in Lahore, payments for pending dues to contractors…

Fitch Affirms Pakistan’s B- Rating with Stable Outlook Amid Economic Reforms

Dua Sehar4 weeks ago02 mins

Fitch Ratings has reaffirmed Pakistan’s long-term foreign currency issuer default rating at B- with a stable outlook, signaling cautious confidence in the country’s recent economic management. The rating reflects progress in fiscal consolidation and continued alignment with the International Monetary Fund programme, which has helped stabilise Pakistan’s financial outlook. According to the assessment, these measures…