The federal government has significantly increased the allocation for the Benazir Income Support Programme (BISP), raising its budget to Rs838 billion in the Federal Budget 2026-27. The move reflects the government’s continued commitment to strengthening social protection and supporting low-income households across Pakistan amid ongoing economic challenges. Finance Minister Muhammad Aurangzeb announced the enhanced allocation…
Health and Education Now Top Priorities After Economic Stability, Says Aurangzeb ISLAMABAD – Finance Minister Muhammad Aurangzeb has said that Pakistan is now shifting its focus toward health, education, skills development, and social protection after making significant progress in achieving economic stability. The remarks were made during a meeting with a World Bank delegation led…
Pakistan has achieved a significant financial milestone with the successful issuance of its first Panda Bond, a move that signals growing investor confidence and strengthens economic ties with China. According to Finance Minister Muhammad Aurangzeb, the inaugural Panda Bond issuance marks a major step forward in Pakistan’s financial landscape. Speaking after the issuance ceremony in…
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…
Ahmed Jawad Butt A socialist economy is a system in which the means of production are owned and controlled by the state or by the community as a whole, and the distribution of goods and services is based on the principle of social justice. In Pakistan, the need for a socialist economy has become increasingly…
