The federal government has announced a substantial reduction in the prices of petrol and high-speed diesel, offering significant relief to consumers, transporters, and businesses across Pakistan. According to a notification issued by the Petroleum Division, the price of petrol has been reduced by Rs74.28 per litre, bringing the new price to Rs299.50 per litre. Meanwhile,…
Long SEO Description The Punjab government has proposed increasing the sales tax on restaurant bills paid through debit cards, credit cards, and other digital payment methods as part of its revenue generation strategy for the upcoming fiscal year. According to the proposal, customers choosing electronic payment options at restaurants may have to pay a higher…
Long SEO Description The Government of Balochistan has announced significant investments in higher education and the fisheries sector as part of its FY2026-27 provincial budget. The new budget aims to strengthen human resource development, improve educational opportunities, and promote sustainable economic growth through coastal development initiatives. Presenting the provincial budget, Finance Minister Mir Shoaib Nosherwani…
A major proposal aimed at providing relief to electricity consumers emerged during a meeting of the Senate Standing Committee on Finance, where Senator Kamal Ali Agha called for the abolition of fixed charges imposed on electricity bills across Pakistan. Speaking during the committee session, Senator Kamal Ali Agha argued that fixed charges have become a…
Senator Faisal Vawda has alleged financial irregularities amounting to Rs125 billion in Pakistan’s automobile sector under the Ministry of Industries and Production, triggering a heated debate during a meeting of the Senate Standing Committee on Finance. The claims have intensified discussions around accountability, transparency, and financial governance within key economic sectors. During the committee session,…
Senate Opposition Leader Raja Nasir Abbas strongly criticised the government’s economic policies during a Senate session, questioning official poverty benchmarks and the broader direction of the federal budget. Referring to commonly cited poverty estimates, Raja Nasir Abbas remarked that it remained unclear “which Aristotle” had determined that a person earning Rs280 per day could not…
Mishal Pakistan has unveiled its first-ever State of Freedom Report 2026, prepared as a study under its role as a World Economic Forum country partner institute. The report offers a comprehensive assessment of constitutional freedoms, legal protections, and the everyday experiences of Pakistani citizens. Based on a nationwide survey of 2,000 respondents, the report paints…
The Pakistan Poultry Association (PPA) has expressed serious concerns over the federal budget 2026-27, stating that the government failed to provide meaningful relief to one of the country’s most important agro-based industries despite repeated assurances during consultations. In an official statement, the association said the continuation of various taxes on poultry production inputs would significantly…
Pakistan’s bullion market witnessed another significant surge as gold and silver prices continued their upward trend, mirroring strong gains in international markets. The latest increase has further heightened concerns among consumers while attracting the attention of investors seeking safe-haven assets during uncertain economic conditions. In the international bullion market, gold prices rose by $43.70 per…
The federal government is aiming to generate an additional Rs650 billion in tax revenue under Budget 2026-27 as part of its broader strategy to strengthen public finances and bridge the gap between current collections and future expenditure requirements. According to budget documents, the Federal Board of Revenue (FBR) has set an ambitious tax collection target…
