In a major policy shift, Pakistan’s provinces have agreed to share the financial burden of oil subsidies under the National Finance Commission (NFC) formula, as the federal government intensifies efforts to manage the ongoing fuel and economic crisis. The decision was finalized during a high-level meeting chaired by President Asif Ali Zardari, with Prime Minister…
Recent claims circulating on social media suggested that Kasim Khan, son of former Prime Minister Imran Khan, called for the revocation of Pakistan’s GSP+ trade status during his address at the United Nations Human Rights Council. However, these claims have been proven false. In reality, Kasim Khan clearly rejected such allegations and reaffirmed his support…
Prime Minister Shehbaz Sharif has stated that Pakistan’s economy is on a path to stability and sustainable growth despite facing multiple challenges in recent years. In his message, the prime minister highlighted the resilience of the nation and its ability to overcome economic and political difficulties. He said that Pakistan has faced numerous trials since…
Eidul Fitr celebrations across Pakistan have been significantly affected this year as rising prices and inflation, driven by the ongoing Iran war, have reduced the festive spirit. While markets remain crowded and preparations continue, the economic pressure is clearly visible among citizens. In cities like Multan, beauty salons and shopping markets are still busy with…
The Federal Board of Revenue (FBR) has extended tax concessions on the import of white crystalline sugar in an effort to stabilize domestic prices and ensure sufficient supply in the local market. According to the latest notification, SRO527 of 2026, the FBR has maintained a significantly reduced sales tax rate of 0.25 percent on imported…
Pakistan has taken a major step towards strengthening its maritime sector as dredging work at Karachi Port has officially begun. The initiative aims to upgrade the port’s infrastructure and enhance its capacity to handle larger vessels, marking a significant development for the country’s trade and shipping industry. The announcement was made by Maritime Minister Muhammad…
Pakistan’s meat export industry is facing a new challenge as the Ministry of Commerce has stepped in to address complaints regarding additional charges on export shipments. The issue has raised concerns among exporters who fear rising costs could impact their competitiveness in international markets. The ministry has formally contacted the Pakistan Civil Aviation Authority (PCAA),…
Discover the latest gold prices in Pakistan for March 16, 2026. This article provides current rates from local gold markets across the country.Gold prices in Pakistan fluctuate frequently based on international market trends. The rates listed are provided by local gold markets and Sarafa Markets in various cities.
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…
