Business

The Federal government has decided to withdraw restrictions regarding fuel conservation and additional austerity measures which were implemented on 9th of March, except market timings. A notification issued by the Cabinet Division stated the Prime Minister has approved termination of all fuel conservation and additional austerity measures with immediate effect…

The government has reduced the prices of petroleum products for a week starting from today. According to a press release issued by the Ministry of Energy, the price of petrol has been reduced by 74.28 rupees per litre. The new price of petrol is 299.50 rupees per litre. The price…

Finance Minister Muhammad Aurangzeb has stated that the Federal Budget 2026–27 is aimed at achieving export-led, sustainable and inclusive economic growth. Winding up discussion on the budget for the next fiscal year in the National Assembly today, he said this will boost productivity and generate employment opportunities for the people.…

Prime Minister has announced reduction in prices of petrol by 74 rupees per liter and diesel by 67 rupees per liter. In a post on X today, he said the new per litre prices of petrol will be 299 rupees and diesel 311 rupees. The Prime Minister said dividends of…

Sindh budget for the next financial year, with a total outlay of 3,562 billion rupees, was presented today. Sindh Chief Minister Syed Murad Ali Shah presented the budget in the Provincial Assembly. The Chief Minister announced that no new tax has been imposed in the budget. He proposed a seven…

Punjab Government presented a pro-people budget for the next financial year, with a total outlay of 5,903 billion and 460 million rupees in the Assembly today. Presenting the budget, Provincial Finance Minister Mian Mujtaba Shuja-ur-Rehman said that the overall proposed current expenditures are estimated at 1,962 billion and 930 million…

Economic Coordination Committee (ECC) of the Cabinet met in Islamabad with Finance Minister Muhammad Aurangzeb in the chair. It approved a summary submitted by the Ministry of National Food Security for provision of an additional 50,000 metric tons of PASSCO wheat to the Government of Khyber Pakhtunkhwa at the rate…

Finance Minister Muhammad Aurangzeb has said the federal budget 2026-27 will play a pivotal role in taking forward the country’s economic growth. Accompanied by Minister for Information and Broadcasting Attaullah Tarar and Minister of State for Finance Bilal Azhar Kayani, he was addressing post budget news conference in Islamabad today.…

Minister for Communications Abdul Aleem Khan has directed the authorities concerned to introduce cashless electronic toll collection on major highways and motorways across the country, to enhance efficiency, security, and public convenience. He was chairing a review meeting during his visit to the National Highways and Motorway Police Headquarters in…

Prime Minister Muhammad Shehbaz Sharif has expressed his deepest gratitude to Almighty Allah and the nation for their prayers, which resulted in achieving economic stability and providing relief to the people in the budget. In his message, he expressed his appreciation to every citizen of Pakistan who demonstrated patience and…

Federal Finance Minister Muhammad Aurangzeb on Tuesday presented Pakistan’s federal budget worth Rs18.771 trillion, outlining the government’s economic priorities for the upcoming fiscal year with an emphasis on growth, fiscal stability, infrastructure development and defence. Presenting the budget in the National Assembly, the finance minister thanked coalition partners and described…

The State Bank of Pakistan (SBP) has launched its inaugural Research Agenda for 2026-2029. The Research Agenda reflects SBP’s research priorities in an evolving global and domestic economic landscape, characterized by rapid technological advancements, recurring supply shocks, climate change, and persistent structural challenges. In line with SBP’s statutory objectives and…

A meeting of the Committee for Monitoring and Implementation of Fuel Conservation and Additional Austerity Measures, chaired by Deputy Prime Minister Ishaq Dar, was held in Islamabad. The Committee reviewed several cases submitted by various Ministries and Divisions seeking exemptions from the applicability of certain austerity measures and finalized its…

Prime Minister Muhammad Shehbaz Sharif has expressed satisfaction over sending of record four point three billion dollars remittances by overseas Pakistanis during the month of May this year. In a statement, he said sending of twenty point two percent more remittances on monthly basis during the May this year and…

The Pakistan Economic Survey for the outgoing financial year 2025-26 will be launched tomorrow afternoon. Minister for Finance and Revenue Senator Muhammad Aurangzeb will release the Economic Survey-2025-26 at a ceremony to be held in Islamabad. The Economic Survey provides a comprehensive overview of the country’s economic performance during the…

Finance Minister Muhammad Aurangzeb has reaffirmed commitment that protecting citizens from rising global fuel prices remains the government’s top priority. Responding to a calling attention notice in the Senate today, he said the government gave 129 billion rupees subsidy on petroleum products over a three-week period during the initial phase…

Pakistan’s economic improvement measures have restored the confidence of international institutions and investors. According to the IMF, improved economic policies have played a key role in stabilizing the economy and restoring confidence. The global credit rating agency Moody’s has stated that Pakistan’s economy is improving, with stronger prospects for long-term…

Prime Minister Shehbaz Sharif has reaffirmed the government’s commitment to eliminating tuberculosis (TB), HIV and malaria from the country. He was talking to a delegation of the Global Fund, led by Head of the Grant Management Division, Mark Edington, in Islamabad today. Welcoming the delegation, the Prime Minister said the…

Prime Minister Muhammad Shehbaz Sharif has directed to speed up the privatization process of power distribution companies (DISCOs). He issued these directives while chairing a review meeting regarding privatization of power distribution companies (DISCOs) in Islamabad today. The Prime Minister said privatization of loss-making state-owned enterprises is priority of the…

Prime Minister Shehbaz Sharif says agricultural sector has immense potential to bring about a revolutionary change in Pakistan’s economy and contribute significantly to its revival. He was speaking at a meeting in Islamabad today with a delegation of stakeholders from the agricultural sector, held to seek their input ahead of…

Special Investment Facilitation Council’s support has promoted a business friendly environment and regulatory facilities for the IT and freelancing sector over the last three years. With SIFC’s support, the retention limit for funds in Exporters’ Specialized Foreign Currency Accounts was increased from thirty five percent to fifty percent. The relaxation…