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…
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…
