Pakistan economy
Government Announces Marginal Reduction in Petrol and Diesel Prices for August
The federal government has announced a slight reduction in the prices of petroleum products, offering limited relief to consumers across Pakistan. The revised fuel rates, issued by the Oil and Gas Regulatory Authority (OGRA), came into effect following the latest pricing review. According to the official notification, the price of motor spirit (MS) petrol has […]
Senate Panel Calls for 50% Oil and Gas Revenue Share for Producing Provinces
The Senate Functional Committee on Devolution has urged the federal government to fully implement constitutional provisions by ensuring that oil- and gas-producing provinces receive their rightful 50% share of revenue generated from natural resources extracted within their territories. The directive came during a committee meeting chaired by Senator Zamir Hussain Ghumro, where members reviewed the […]
Pakistan Could Save Up to Rs. 5 Trillion by Shutting Down Redundant Ministries, Senators Say
Pakistan could reduce its annual government spending by as much as Rs. 4 trillion to Rs. 5 trillion if loss-making and unnecessary federal ministries are abolished in line with the 18th Constitutional Amendment, members of the Senate Functional Committee on Devolution said during a meeting on Friday. The committee stressed that implementing the constitutional provisions […]
Pakistan Forced to Buy Costliest LNG Cargo in Four Years as Global Supply Tightens
Pakistan has been compelled to purchase one of its most expensive liquefied natural gas (LNG) cargoes in the past four years as geopolitical tensions in the Middle East continue to disrupt global energy markets. The latest procurement reflects the growing pressure on LNG-importing countries as supply constraints push spot prices higher across Asia. According to […]
Gold Prices Rise in Pakistan After Two-Day Decline as Global Rates Edge Higher
Gold prices in Pakistan posted a modest recovery on Wednesday, ending a two-session losing streak as international bullion prices also moved slightly higher. The rebound provided some relief to investors and buyers after recent declines in the local precious metals market. The increase reflects the close relationship between domestic gold prices and global market trends, […]
Gold Price Falls Back Near Rs. 4.3 Lakh Per Tola in Pakistan
Gold prices declined in Pakistan on Friday, mirroring a downward trend in the international bullion market. The latest drop pushed the domestic gold rate back near the Rs. 4.3 lakh per tola mark, offering slight relief to buyers after recent price fluctuations. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price […]
Pakistan to Launch First Phase of $10 Billion ML-1 Railway Project in Early 2027
The federal government has announced that construction on the first phase of the Main Line-1 (ML-1) railway project is set to begin early next year, marking a major milestone in Pakistan’s efforts to modernize its rail transport network. The long-awaited project, which forms a key part of the China-Pakistan Economic Corridor (CPEC), is expected to […]
SECP Approves Rs. 1.16 Billion Capital Raise for Apna Microfinance Bank
Apna Microfinance Bank Limited has received approval from the Securities and Exchange Commission of Pakistan (SECP) to raise Rs. 1.16 billion through the issuance of new ordinary shares, marking a significant development for the bank’s capital strengthening efforts. The approval allows the microfinance institution to issue approximately 116.06 million ordinary shares against share deposit money. […]
Punjab Presents Rs. 5.9 Trillion Budget for FY2026-27 with Focus on Growth, Education, and Digital Transformation
The Punjab government has unveiled a Rs. 5.903 trillion budget for the fiscal year 2026-27, outlining an ambitious roadmap aimed at accelerating economic growth, improving public services, and strengthening digital governance across the province. The proposed budget places significant emphasis on education, healthcare, infrastructure development, industrial growth, and social welfare. Provincial authorities have described the […]
Government Proposes Major Tax Relief for Businesses in Budget 2026-27
The federal government has unveiled significant tax relief measures for businesses in the FY2026-27 budget, aiming to support economic growth, encourage investment, and ease the financial burden on companies across Pakistan. One of the key proposals includes the elimination of existing business income tax slabs applicable to annual incomes ranging from Rs. 5 million to […]