Pakistan economy
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 […]
Rising Petroleum Levy Identified as Key Factor Behind Pakistan’s Inflation Surge
Pakistan’s recent return to double-digit inflation is increasingly being attributed to higher fuel taxation, with a new study suggesting that the government’s expanding use of the petroleum levy has played a significant role in driving up prices across the economy. A report published by the Policy Research and Advisory Council (PRAC) argues that the petroleum […]
Punjab Plans Rs. 39 Billion Expansion to Transform 485 Rural Areas into Modern Villages
The Punjab government is moving forward with plans to expand its rural development efforts by proposing an additional allocation of Rs. 39 billion for the next phase of the model villages program under the “Maryam Nawaz Ka Sohna Punjab” initiative. The proposal was reviewed during a high-level meeting held at the Civil Secretariat and chaired […]
Pakistan Cement Sales Fall Over 21% in May as Construction Demand Remains Weak
Pakistan’s cement industry experienced a significant setback in May 2026, as overall cement dispatches recorded a sharp year-on-year decline amid slowing construction activity and weaker market demand. The latest figures indicate that both domestic sales and exports came under pressure, highlighting ongoing challenges facing one of the country’s key industrial sectors. According to data released […]
Govt Forms Budget Committee to Review Rs. 72 Billion Recovery From Petrol Companies
The federal government has established a high-level budget committee to examine key fiscal matters ahead of the announcement of Pakistan’s FY2026-27 federal budget, including a proposal to recover Rs. 72 billion in windfall gains from oil marketing companies. According to an official notification issued by the Ministry of Finance, the committee has been formed under […]
Electricity Consumers May Get Only Minor Relief After Upcoming Tariff Adjustments
Pakistan’s electricity consumers could experience only limited relief in upcoming power tariff revisions as separate increases and decreases in electricity prices are expected to largely offset each other. According to official estimates shared by the Power Division, the quarterly adjustment for June 2026 may reduce electricity tariffs by Rs. 1.93 per unit. The proposed reduction […]