Govt Proposes New Industrial Power Tariff to Reduce Shift Towards Solar Energy ISLAMABAD – The federal government has proposed a new industrial electricity tariff structure aimed at encouraging factories and businesses to consume more power from the national grid while discouraging a growing shift toward solar energy and other off-grid alternatives. The proposal, which has…
Pakistan’s Petroleum Division has proposed major relief measures for fuel consumers in its recommendations for the federal budget 2026-27, including reducing the petroleum levy target to Rs1 trillion and lowering the levy on petrol and diesel to Rs50 per litre while international oil prices remain high. According to reports, the recommendations have been submitted to…
The International Monetary Fund has called on Pakistan to strengthen transparency and autonomy within the National Accountability Bureau as part of ongoing governance reforms. According to the IMF’s latest staff report, Pakistan is required to amend the NAB Ordinance by January 2027 to improve the process for appointing the NAB chairman and to ensure greater…
The Pakistan Stock Exchange witnessed a notable decline this week as the benchmark KSE-100 index dropped 3.2%, closing at 165,596 points. The downturn was largely driven by uncertainty surrounding the progress of US-Iran peace negotiations, which negatively impacted investor sentiment. Throughout the week, the market showed consistent volatility. The KSE-100 index lost a total of…
The government of Pakistan is planning significant income tax cuts for salaried individuals and companies as part of the upcoming fiscal budget, with discussions currently underway with the International Monetary Fund (IMF). According to official proposals shared with the IMF, the government aims to provide relief to taxpayers by lowering income tax rates across multiple…
Inflation in Pakistan has surged to 10.9% in April, marking its highest level in nearly two years, according to data released by the Pakistan Bureau of Statistics. The sharp increase has been largely driven by rising fuel prices, higher taxes and ongoing global economic disruptions. The latest figures show that inflation has returned to double…
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…
An International Monetary Fund (IMF) mission has begun technical discussions with the State Bank of Pakistan in Karachi as part of the third review of Pakistan’s $7 billion Extended Fund Facility and the second review of the $1.1 billion Resilience and Sustainability Facility. The IMF delegation, led by Iva Petrova, will hold meetings in Karachi…
