Pakistan has taken a significant step toward agricultural and industrial development with the establishment of its first coal-based fertiliser plant under the China-Pakistan Economic Corridor (CPEC). The project has secured an investment of $1.12 billion and is expected to transform the country’s fertiliser production sector. The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI)…
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…
Gold Prices Fall Sharply in Pakistan as Global Bullion Market Weakens ISLAMABAD – Gold prices witnessed a significant decline in Pakistan on Wednesday, reflecting losses in international bullion markets as investors reacted to inflation concerns, geopolitical tensions, and uncertainty surrounding future interest rate decisions. According to the All-Pakistan Gems and Jewellers Sarafa Association, the price…
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 Non-Interest Current Expenditure Rises 18.8% in 9MFY26 Despite Lower Overall Spending ISLAMABAD – Pakistan’s non-interest current expenditure increased by 18.8 percent during the first nine months of fiscal year 2025-26, according to a report presented by the Planning Commission to the Annual Plan Coordination Committee. The increase came despite an overall decline in total…
Pakistan Sets Target of 2 Million New Jobs in FY27 to Boost Economic Growth ISLAMABAD – The federal government has announced an ambitious target of creating 2 million new jobs during the fiscal year 2026-27 as part of its broader strategy to accelerate economic growth, reduce unemployment, and improve living standards across the country. According…
Pakistan has announced a significant reduction in jet fuel prices, a move expected to provide relief to the aviation sector by lowering airline operating costs and potentially reducing airfare prices for travelers. According to aviation industry sources, the price of jet fuel used by commercial aircraft has been reduced by Rs48.80 per litre. Following the…
The federal government has announced a major reduction in petroleum prices, providing relief to consumers across Pakistan. According to an official statement issued by the Petroleum Division, petrol prices have been reduced by Rs6 per litre, while high-speed diesel prices have been cut by Rs6.8 per litre. The revised fuel prices officially came into effect…
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…
Flour millers in the Rawalpindi-Islamabad region have urged the Punjab government to revise its wheat and flour policy after claiming that nearly 40 percent of flour mills in the twin cities have shut down due to continuous financial losses. Industry representatives say unequal wheat distribution, rising transport costs and administratively fixed flour prices are pushing…
