Poor response in second phase of Power plant auctions
Only bid received for Jamshoro power plant; none for Muzaffargarh and Faisalabad
Senate unanimously passes Trade Organizations (Second Amendment) Bill, 2025
New legislation limits two-year office-bearer tenure to post-enactment elections and seeks to maintain smooth functioning of trade bodies
BISP budget expected to increase by 20% in upcoming fiscal year
Enhanced funding aims to expand coverage, raise stipends, and strengthen social safety nets amid rising inflation
KSE-100 inches up in volatile session as investors react to mixed market signals
Index gains marginally by 40 points; broader volumes and values decline
Planning Commission questions Rs2.237 billion allocated for procurement of 179 vehicles for FBR’s project
Revenue Raises Project, supported by a $150 million World Bank loan, aims to increase the country’s tax-to-GDP ratio
IMF warns of heightened risks to EFF program amid escalating India-Pakistan tensions
Fund cautions that sustained geopolitical tensions could undermine Pakistan’s fiscal, external, and reform objectives under the Extended Fund Facility
IMF revises Pakistan’s GDP growth forecast for FY25 to 2.6%, cites weak H1 performance
Fund also adjusts inflation, current account deficit, and trade projections for the outgoing fiscal year
CPI inflation for May projected at 3% YoY as per local brokerage
Food, transport and housing pull down monthly prices
India cuts ties with Turkey, Azerbaijan firms amid strained ties over Pakistan conflict
Adani Group-operated Mumbai and Ahmedabad airports cancel ground handling contracts with Turkish firm Çelebi; Air India pushes to end wet lease with Turkish counterpart; Confederation of All India Traders calls for boycott of Turkish and Azerbaijani products and travel
IMF flags Rs1 trillion shortfall in Pakistan’s tax target for FY26, urges new measures
Government must bridge Rs1 trillion revenue gap as tax target set at Rs14.3 trillion; enforcement expected to yield Rs400-600 billion amid past shortfalls and economic concerns
Govt announces closure of PASSCO, wheat price controls scrapped
NA members voice concerns over the impact on farmers and warn of market manipulation risks as the government winds down wheat procurement efforts
Pakistan’s exports fall 17.66% to $2.18 billion in April, imports rise 16.22% to $5.61 billion
Exports increased slightly to $26.8 billion while imports recorded $48.29 billion in the first ten months of the ongoing fiscal year
UN forecasts moderate growth for Pakistan amid global economic slowdown
World economy faces heightened trade tensions and policy uncertainty as Pakistan’s GDP is projected to grow by 2.3% in 2025 under IMF-backed reforms
IMF presses Pakistan for higher taxes, NFC rebalancing amid record salaried class burden
IMF narrows focus to tax hikes, NFC overhaul amid budget talks with Pakistan
PSX closes lower amid profit-taking after record high
Benchmark pares gains after notching a record high, as investors lock in profits ahead of the budget