HeadlinesBudget delayed as govt eyes higher levy, bigger PSDP
Presentation now set for June 10 amid IMF talks and Shehbaz’s foreign tour
May 24, 2025
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Headlines
EconomyIMF concludes visit, cites progress on budget and reform commitments, discussions to continue
Talks focus on FY26 budget, tax reforms, and energy sector overhaul
May 24, 2025
HeadlinesNepra warns reduced hydel generation will affect proposed tariff adjustments for FY 2025-26
Shift in energy mix follows a sharp decline in rainfall across the country, which will affect the anticipated relief for consumers next year
May 24, 2025
HeadlinesIMF says next Pakistan funding review expected in second half of 2025
Fund’s mission concludes visit to Pakistan, discusses FY2026 budget and economic reforms focusing on fiscal consolidation, energy sector reforms, and tax enhancements
May 24, 2025
HeadlinesPakistan leads asylum applications in UK with 11,048 claims in FY2024-25
Pakistanis now account for the largest share of asylum seekers in the UK, surpassing other nationalities
May 24, 2025
HeadlinesNational Assembly passes IMF-backed captive power levy bill ahead of budget
Bill aims to provide legal foundation for grid levy on supply of natural gas or imported LNG to industrial captive power plants
May 24, 2025
HeadlinesPAC sub-committee orders special audit of training funds amid alleged misuse
Chairman criticizes Petroleum Division for alleged misuse of funds, including lavish trips, and questions unrealistic benchmarks set by Ogra.
May 24, 2025
HeadlinesIMF delays approval of circular debt retirement plan for Pakistan’s petroleum sector
Proposal suggested utilising higher-than-normal dividends from SOEs to settle Rs1 trillion in circular debt over the next five years; Fund also expresses reluctance to allow further hike in power subsidies
May 24, 2025
HeadlinesNEPRA approves seven-year tariff for K-Electric with adjusted return on equity
Distribution tariff set at Rs3.84 per kWh, transmission at Rs2.99 per kWh; decisions aim to balance financial stability and sector performance
May 24, 2025
HeadlinesIMF official rejects claims Pakistan could use funds for cross-border violence
Disbursements are deposited directly into SBP’s reserves, not the federal treasury, and Pakistan’s borrowing from its central bank currently stands at zero in compliance with IMF conditions; any deviations could hinder future reviews, clarifies Fund’s Director of Communications Julie Kozack
May 24, 2025
HeadlinesPakistan’s freelance economy set to generate $500 million in foreign exchange in FY25
Growing digital workforce boosts exports amid calls for better policies and payment access
May 24, 2025
World Business NewsDollar drops as Trump proposes new EU tariffs and smartphone duties
The dollar falls 1% against the Japanese yen to 142.48, marking a two-week low
May 24, 2025