Pakistan has revised the estimated cost of the under-construction Mohmand Dam to Rs666 billion, marking a 115% increase from the original Rs310 billion budget approved in 2018. The revised estimate adds Rs356 billion to the project’s initial cost, with officials citing currency depreciation, rising construction expenses, design changes, flood damage and security challenges. The revised…
The Pakistani government has reduced the price of petrol by Rs5.16 per litre and high-speed diesel (HSD) by Rs7.69 per litre, offering some relief to consumers amid fluctuations in international oil markets. According to a notification issued by the Petroleum Division, the revised prices took effect on October 20. Petrol is now priced at Rs381.14…
The federal government has reduced the price of petrol by Rs3.93 per litre in Pakistan while keeping high-speed diesel (HSD) prices unchanged for the three-day period from October 17 to October 19, 2026. According to a notification issued by the Petroleum Division, petrol will now cost Rs386.30 per litre, while diesel remains priced at Rs396.96…
Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement on the fourth review of the $7 billion Extended Fund Facility (EFF) and the third review of the $1.4 billion Resilience and Sustainability Facility (RSF). The agreement, announced by the IMF, could allow Pakistan to access about $1.2 billion from the fund after…
Flour prices in Karachi have increased by an average of Rs14 per kilogram over the past three days, adding to the pressure on consumers already facing higher food and household expenses. Millers had reduced prices of different flour varieties by Rs3 per kg during the last week of September, but retailers did not pass the…
ISLAMABAD: Pakistan is entering the final year of its $7 billion, 37-month Extended Fund Facility with the International Monetary Fund (IMF), bringing the country to an important economic crossroads. The key question is no longer simply whether Pakistan can complete another IMF programme, but whether it can strengthen its economy enough to avoid repeatedly seeking…
ISLAMABAD/PESHAWAR: Khyber Pakhtunkhwa has received Rs799.359 billion under the additional 1% war-on-terror share from 2010-11 to September 2026, according to official documents. The funds are provided to compensate the province for economic, infrastructure and other financial losses linked to terrorism and the security challenges faced by the province. KP receives additional 1% share Under the…
LAHORE: Interior Minister Mohsin Naqvi has hinted that Pakistan is moving towards what he described as a major “system reset”, saying reforms could improve governance and the overall functioning of the country. Speaking at an event organised to welcome the newly elected office-bearers of the Lahore Chamber of Commerce and Industry (LCCI), Naqvi said meaningful…
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 federal government has increased the price of petrol by Rs3.26 per litre for October 2, while reducing the price of high-speed diesel (HSD) by Rs1.01 per litre under Pakistan’s daily petroleum pricing mechanism. Following the latest adjustment, the price of petrol has reached Rs390.66 per litre, while high-speed diesel is now priced at Rs399.34…
