Sindh’s mango season is facing significant challenges this year as disease outbreaks, pest infestations, export delays, and difficult regional market conditions continue to affect growers, contractors, and traders. While lower prices have provided some relief for consumers, the overall quality of the crop has declined, reducing profits for those involved in Pakistan’s mango industry. According…
Jamaat-i-Islami (JI) has presented its shadow budget for the Karachi Metropolitan Corporation (KMC) for the fiscal year 2026-27, demanding a significant increase in the city’s proposed budget from Rs60 billion to at least Rs300 billion. The party argues that the current allocation is insufficient to meet the growing needs of Karachi, Pakistan’s largest city, which…
Pakistan’s digital economy continues to expand, and a new nationwide survey suggests that a majority of citizens support bringing social media influencers into the country’s formal tax system. Conducted by the Press Network of Pakistan (PNP), the survey explored public opinion on the federal government’s proposal to impose a 5% withholding tax on income earned…
The Securities and Exchange Commission of Pakistan (SECP) has received strong support from a Chinese financial consortium and the National Accountability Bureau (NAB) as it continues implementing reforms to strengthen Pakistan’s financial system and capital markets. The latest developments highlight growing international confidence in Pakistan’s financial sector while reinforcing efforts to protect investors from illegal…
The federal government has announced a substantial reduction in the prices of petrol and high-speed diesel, offering significant relief to consumers, transporters, and businesses across Pakistan. According to a notification issued by the Petroleum Division, the price of petrol has been reduced by Rs74.28 per litre, bringing the new price to Rs299.50 per litre. Meanwhile,…
Long SEO Description The Punjab government has proposed increasing the sales tax on restaurant bills paid through debit cards, credit cards, and other digital payment methods as part of its revenue generation strategy for the upcoming fiscal year. According to the proposal, customers choosing electronic payment options at restaurants may have to pay a higher…
Long SEO Description The Government of Balochistan has announced significant investments in higher education and the fisheries sector as part of its FY2026-27 provincial budget. The new budget aims to strengthen human resource development, improve educational opportunities, and promote sustainable economic growth through coastal development initiatives. Presenting the provincial budget, Finance Minister Mir Shoaib Nosherwani…
A major proposal aimed at providing relief to electricity consumers emerged during a meeting of the Senate Standing Committee on Finance, where Senator Kamal Ali Agha called for the abolition of fixed charges imposed on electricity bills across Pakistan. Speaking during the committee session, Senator Kamal Ali Agha argued that fixed charges have become a…
Senator Faisal Vawda has alleged financial irregularities amounting to Rs125 billion in Pakistan’s automobile sector under the Ministry of Industries and Production, triggering a heated debate during a meeting of the Senate Standing Committee on Finance. The claims have intensified discussions around accountability, transparency, and financial governance within key economic sectors. During the committee session,…
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…
