Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal has proposed significant reforms to the National Finance Commission (NFC) Award, calling for a modern formula that ensures fair and sustainable resource distribution among provinces. Speaking at the Pakistan Governance Forum 2026 in Islamabad, Iqbal emphasized the need to redesign the NFC formula to promote…
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…
A recent development has brought attention to an administrative issue involving confiscated gold and silver that were not deposited with the State Bank of Pakistan as required under established procedures. Reports indicate that significant quantities of precious metals seized during enforcement actions remained stored in customs warehouses instead of being officially transferred to the central…
The federal government has announced a fixed wheat price of Rs3,500 per 40 kilograms in a bid to support farmers and stabilize market rates across Pakistan. The decision was taken during a meeting of the National Wheat Oversight Committee, which reviewed the current wheat stock situation and future procurement plans. The meeting was chaired by…
ISLAMABAD: Pakistan has offered new sea trade routes to Russia and Central Asian countries through its Arabian Sea ports as part of efforts to transform the country into a major regional trade hub. Federal Communications Minister Abdul Aleem Khan highlighted Pakistan’s strategic location while addressing a meeting of the United Nations Economic Commission for Europe…
The federal government has announced a major reduction in electricity tariffs for industrial consumers across Pakistan, providing long-awaited relief to businesses facing high energy costs. The revised rates will take effect from February 2026 following approval by the National Electric Power Regulatory Authority and will apply to all distribution companies, including K-Electric, until December 2026….
Pakistan’s inflation rate has shown fresh movement according to the latest Consumer Price Index (CPI) data released by the Pakistan Bureau of Statistics. The updated figures highlight ongoing price adjustments in essential commodities, utilities, and transportation. The CPI report reflects fluctuations in food items, fuel costs, and household goods, which directly influence monthly expenses for…
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…
