by Web Desk

Headlines

Pakistan Economic Survey 2025-26 to be released on June 11 ahead of the federal budget, says Adviser to the Finance Minister Khurram Schehzad

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Prime Minister Shehbaz Sharif calls for targeted growth incentives to expand exports, revive manufacturing and create jobs as Pakistan moves beyond macroeconomic stabilisation, ahead of the next economic phase.

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The federal government reduced the PSDP for FY2026-27 to Rs1tn from Rs1.126tn, citing tighter fiscal ceilings and shifting priorities. Officials expect a focus on ongoing, strategic projects as provinces review plans.

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Shakarganj Limited announced a board reshuffle after its June 9 meeting, appointing Manzoor Hussain as chairman and Muhammad Pervez Akhtar as CEO for a three-year term.

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Pakistan plans to join the INSTC as Russia backs a Gwadar Port connection. Islamabad and Moscow also plan to sign an economic cooperation program through 2030 to boost trade and resolve payment issues.

Pakistan will stage a single-country trade expo and international business conference in Johannesburg in late Aug/early Sep 2026, led by PSCTF, to expand trade links with SADC, attract 1,000+ investors, and sign MoUs across sectors.

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P@SHA asks Pakistan’s federal budget for 10-year tax stability, retaining the 0.25% final tax for IT exporters and genuine freelancers, while taxing overseas salaried remote workers under standard income slabs to ensure fair competition.

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Pakistan’s Budget 2026-27 will deliver around Rs200bn in import-duty relief by cutting ACD, regulatory duties and customs duties across thousands of tariff lines, as tariff reform advances to boost export competitiveness.

FPCCI calls for an audit of Rs1.5tr infrastructure cess in Sindh, citing decay in Hyderabad and Kotri industrial estates. Firms face broken roads, weak water supply and rising costs.

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The FBR missed its revised May revenue target by Rs28bn, collecting Rs967bn. With cumulative FY26 shortfall at Rs25bn, officials cite weaker trade, imports, and Eidul Azha disruptions.