Pakistan’s Petroleum Division has proposed major relief measures for fuel consumers in its recommendations for the federal budget 2026-27, including reducing the petroleum levy target to Rs1 trillion and lowering the levy on petrol and diesel to Rs50 per litre while international oil prices remain high. According to reports, the recommendations have been submitted to…
Flour millers in the Rawalpindi-Islamabad region have urged the Punjab government to revise its wheat and flour policy after claiming that nearly 40 percent of flour mills in the twin cities have shut down due to continuous financial losses. Industry representatives say unequal wheat distribution, rising transport costs and administratively fixed flour prices are pushing…
Pakistan’s migrant outflow witnessed a noticeable decline in 2024 as stricter visa policies and changing labour regulations in destination countries reduced overseas employment opportunities for Pakistani workers. According to the newly launched Pakistan Migration Report 2025, the number of Pakistanis leaving for work abroad fell after a sharp increase in previous years, highlighting the growing…
The International Monetary Fund has called on Pakistan to strengthen transparency and autonomy within the National Accountability Bureau as part of ongoing governance reforms. According to the IMF’s latest staff report, Pakistan is required to amend the NAB Ordinance by January 2027 to improve the process for appointing the NAB chairman and to ensure greater…
The Pakistan Stock Exchange witnessed a notable decline this week as the benchmark KSE-100 index dropped 3.2%, closing at 165,596 points. The downturn was largely driven by uncertainty surrounding the progress of US-Iran peace negotiations, which negatively impacted investor sentiment. Throughout the week, the market showed consistent volatility. The KSE-100 index lost a total of…
Pakistan has achieved a significant financial milestone with the successful issuance of its first Panda Bond, a move that signals growing investor confidence and strengthens economic ties with China. According to Finance Minister Muhammad Aurangzeb, the inaugural Panda Bond issuance marks a major step forward in Pakistan’s financial landscape. Speaking after the issuance ceremony in…
The government of Pakistan is planning significant income tax cuts for salaried individuals and companies as part of the upcoming fiscal budget, with discussions currently underway with the International Monetary Fund (IMF). According to official proposals shared with the IMF, the government aims to provide relief to taxpayers by lowering income tax rates across multiple…
The State Bank of Pakistan (SBP) has officially finalized the designs for new currency notes and submitted them to the federal cabinet for approval. According to SBP Governor Jameel Ahmad, this initiative aims to modernize Pakistan’s currency system while introducing advanced security features to prevent counterfeit activities. The announcement was made during a meeting with…
The State Bank of Pakistan has announced the expansion of its nationwide cashless payments initiative for Eidul Azha, aiming to promote digital transactions across cattle markets and reduce reliance on cash. According to the central bank, the “Go Cashless” campaign has been significantly scaled up this year, with coverage increasing from 54 cattle markets in…
Pakistan International Airlines Pakistan International Airlines is set to be formally handed over to new owners on May 25, marking a major milestone in the long-running privatisation process, according to sources from the Privatisation Commission. Officials confirmed that the process has now entered its final stage, with all major procedural and regulatory requirements already completed….
