Fitch Ratings has reaffirmed Pakistan’s long-term foreign currency issuer default rating at B- with a stable outlook, signaling cautious confidence in the country’s recent economic management. The rating reflects progress in fiscal consolidation and continued alignment with the International Monetary Fund programme, which has helped stabilise Pakistan’s financial outlook. According to the assessment, these measures…
Pakistan is facing renewed inflationary pressure as global crude oil prices surge following escalating tensions in the Middle East. The recent collapse of negotiations between the United States and Iran has disrupted market stability, pushing oil prices above $100 per barrel and raising concerns for import-dependent economies like Pakistan. The sharp increase in crude oil…
The Balochistan government has approved a comprehensive development and beautification plan for Rakhni Bazaar, aiming to enhance economic activity, improve infrastructure, and provide better facilities for traders and the public. The project received formal approval from the provincial cabinet, after which the Services and General Administration Department issued a notification directing immediate implementation. Authorities emphasized…
The Balochistan Revenue Authority (BRA) has launched a targeted campaign to combat tax evasion in the health sector, aiming to improve compliance with the Balochistan Sales Tax on Services Act, 2015. The initiative is part of broader efforts to enhance transparency and strengthen provincial revenue collection. According to officials, the campaign focuses on laboratories, imaging…
Gwadar Port’s global importance has significantly increased due to recent regional developments, according to Quetta Chamber of Commerce and Industry (QCCI) President Haji Muhammad Ayub Miryani. He emphasized the need for immediate measures to capitalize on emerging trade opportunities in Balochistan and beyond. Speaking at a business meeting held in Islamabad, Mr Miryani highlighted Gwadar’s…
Wheat harvesting has officially begun in Faisalabad and surrounding areas, marking a crucial period for farmers across the region. Fields have turned golden as growers actively harvest their crops, hoping for a productive season despite recent weather challenges. The harvesting season plays a vital role in determining farmers’ annual income, as wheat remains one of…
Pakistan’s oil industry has raised serious concerns over the recent sharp reduction in diesel prices, warning that it could lead to inventory losses exceeding Rs100 billion. While the price cut has brought immediate relief to consumers, including farmers, transporters, and households, it has created significant financial pressure on oil marketing companies (OMCs) and fuel dealers….
Chairman of the Prime Minister’s Youth Programme (PYMP), Rana Mashood Ahmad Khan, has stated that the initiative currently reaches around 170 million Pakistanis, representing nearly 70% of the country’s total population. He emphasized that Pakistan’s youth are its greatest strength and that empowering them is essential for long-term economic stability. Speaking during a visit to…
The government has decided to secure a $1 billion budget support loan from the Asian Development Bank to strengthen policies aimed at tackling climate-related disasters, while deferring a separate $40 million project backed by the World Bank due to concerns over high costs. The decision was taken during a meeting of the Central Development Working…
A heated debate erupted in the National Assembly of Pakistan over the recent increase in fuel prices, highlighting growing concerns about inflation and economic pressure on citizens. Opposition members strongly criticised the government, arguing that rising petrol and diesel prices have significantly increased the cost of living. They pointed out that inflation is already high,…
