Business leaders in Khyber Pakhtunkhwa have urged the provincial government to make industrial development a key focus of Budget 2026-27. According to Pakistan Business Forum (PBF) KP Chairman Ashfaq Paracha, sustainable economic growth, job creation, export expansion, and increased revenue generation can only be achieved through a stronger industrial sector. Despite the province presenting a…
Pakistan’s gross government domestic debt and liabilities have surpassed the Rs58 trillion mark, highlighting the country’s continued dependence on domestic borrowing to meet its fiscal obligations and finance budgetary expenditures. According to the latest data released by the State Bank of Pakistan (SBP), the government’s domestic debt and liabilities increased to Rs58,089 billion in April…
The Government of Pakistan has significantly increased the reopening target for its 10-year variable rental rate Government of Pakistan (GoP) Hybrid Sukuk from Rs50 billion to Rs200 billion, reflecting growing emphasis on Shariah-compliant financing and long-term domestic borrowing. According to a notice issued by the Pakistan Stock Exchange (PSX) following guidance from the Debt Management…
Pakistan and Russia are moving towards a new era of economic partnership as both countries work on signing a comprehensive Programme of Economic Cooperation by 2030. The initiative aims to strengthen bilateral trade, attract investment, and eliminate barriers that have historically limited business relations between Islamabad and Moscow. The development emerged during a webinar discussing…
Pakistan’s inflation rate surged to 11.7 percent in May 2026, reaching its highest level in 22 months and raising concerns about the country’s economic outlook. According to data released by the Pakistan Bureau of Statistics (PBS), headline Consumer Price Index (CPI) inflation increased from 10.9 percent in April to 11.7 percent in May on a…
The Government of Pakistan has announced a fresh reduction in petrol prices, providing much-needed relief to consumers across the country. According to a notification issued by the Ministry of Energy’s Petroleum Division, the price of petrol has been reduced by Rs4 per litre for the next fortnight. Following this adjustment, the new petrol price stands…
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…
