ADB delays approval of $800 million financing for Pakistan on India’s request
Bank’s board now set to meet on June 3 to approve a $300 million budget support and a $500 million guarantee for foreign commercial loans as New Delhi seeks more time to evaluate loan documentsÂ
KP raises concerns over forced cut in local oil and gas production amid rising LNG imports from Qatar
Curtailment causes significant revenue losses in the form of diminished royalties and windfall levies, KP govt saysÂ
FBR suspends senior auditor over harassment complaints at feed mill
Suspended auditor served at a feed mill to monitor the supply of taxable goods; industry representative calls for better support for staff and avoidance of undue inspections
KP’s Rs33 billion solar project flagged over pricing and tender flaws following massive Kohistan scandal
Project unit price remains high despite specification changes; KP Procurement Authority rules tender process flawed and non-transparent
SBP buys $5.9 billion from interbank market in nine months to support forex reserves
Foreign exchange reserves rise to $11.45 billion with support from remittances, IMF inflows, and export earnings
China to refinance $3.7 billion in commercial loans to Pakistan
Loans will be denominated in Chinese currency as part of China’s drive to decouple from the US dollar, helping maintain Pakistan’s foreign exchange reserves
FBR proposes higher withholding tax on vehicles with engine capacity above 1300cc in 2025-26 budget
Proposed increase in tax rates aims to boost revenue collection in the new fiscal year
FBR establishes Customs Command Fund to reward informers and officers in anti-smuggling efforts
New fund will provide financial incentives up to Rs500,000 per case and logistics support for intelligence gathering and anti-smuggling operationsÂ
India approves stealth fighter programme amid tensions with Pakistan
State-run Aeronautical Development Agency will shortly invite initial iterest from defence firms for developing prototype of twin-engine 5th generation warplane
Govt extends deadline for PIA privatisation bids to June 19
Only submission date for Expressions of Interest revised; all other terms unchanged
Pakistan’s per expatriate remittance remains low compared to regional countries despite projected $38bn inflows in FY25
Pakistan's per expatriate remittance of $2,529 in 2023 lags behind countries like the Philippines ($16,780), Thailand ($9,703), Mexico ($5,914), China ($4,626), and India ($3,906)
World Bank urges broader structural reforms to unlock Pakistan’s export-led growth
Recent shifts towards higher tariffs have exacerbated existing constraints on businesses, undermining the competitiveness of Pakistan’s exports, says World Bank in its latest policy note
Finance Minister clarifies no special salary increase for armed forces over civilian employees
Minister assures full provision of defence needs, dismisses rumours about pay disparities with civilian employees
IMF disagreement delays federal budget presentation to June 10
NA Committee on Commerce agrees to release of Rs 90 billion to TCP in the first phase as the IMF imposes a cap on subsidiesÂ
Govt’s trade liberalisation plan faces pushback from industries ahead of budget announcement: report
Ministry of Industries warns against immediate tariff cuts on finished goods, citing risks to key sectors; proposal to be discussed in the upcoming National Economic Council meeting.