Pakistan economy
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 […]
Government Delays Planned Tax Increase on Fertilizer and Pesticides
The federal government has decided to postpone the proposed increase in taxes on fertilizer and pesticides, providing temporary relief to Pakistan’s agriculture sector and farmers already facing rising production costs. According to recent developments, the government has formally informed the International Monetary Fund in writing that the planned tax hike will not be implemented for […]
Over 1,000 Government Houses in Islamabad Allegedly Under Illegal Occupation by CDA Officers
More than 1,000 government residences located in Islamabad’s prime sectors are reportedly under illegal or irregular occupation by officers linked to the Capital Development Authority (CDA), according to audit objections and official records. Documents reveal that 1,083 official houses belonging to the Estate Office pool were supposed to be vacated and returned for fresh allotment. […]