Nine accused in Kohistan corruption scandal seek plea bargain, offer to return embezzled funds
NAB traces significant assets owned by the accused, including shopping malls and bungalows, as investigations into the Rs40bn Kohistan scandal continue
Three electricity distribution companies to be privatised by December 2025
Iesco, Fesco, and Gepco privatisation processes in advanced stage, with final due diligence and financial structure work underway
Pakistan’s tax-to-GDP ratio reaches 10.6% in FY2025, FBR tells PM
Tax-to-GDP ratio increases by 1.5%, narrowing the gap to IMF targets; number of tax filers rises to 7.2 million; PM calls for ongoing reforms to modernie the tax system
KP tobacco farmers accuse companies of price manipulation
Growers demand transparency as firms blame weather, politics for disputes
Power Division counters overbilling allegations, clarifies findings belong to previous fiscal year
The division emphasizes reforms and transparency, rejects responsibility for Rs 244 billion overbilling
ADB revises Pakistan’s GDP growth estimate for FY2025 to 2.7%, keeps FY26 projection unchanged
Revised growth estimate reflects stronger-than-expected performance in industry and services, despite anticipated declines in agriculture
Pakistan secures $12.4 billion in foreign loans in FY25, surpassing budgetary estimates
Increased loans from commercial banks, the Saudi Oil Facility, and other financial arrangements contribute to a $2.6 billion rise in foreign inflows, though World Bank loan disbursements fell short of expectations
China hesitates to finance Pakistan’s energy projects amid economic and security concerns
Sinosure expresses reluctance to provide necessary coverage for bank lending to power projects; Chinese officials raise concerns over dollar reserves, security risks, and repayment issues
10 IPPs express interest in acquiring three state-run power distribution companies
Privatization push accelerates as government plans to privatise 51% to 100% of assets in Iesco, Gepco, and Fesco between January and June of FY26
Buyer of PIA required to invest Rs70 billion over five years under revised plan, Senate body told
Pre-qualified bidders begin due diligence; flights to Manchester set to resume on August 14, says Privatisation Commission SecretaryÂ
PSX hits all-time high, fuelled by investor optimism and institutional support
KSE-100 Index surges by 1,202 points amid political stability and expectations of SBP policy easing
Audit reveals Rs244 billion overbilling fraud by eight power distribution companies
Five companies overbilled 278,649 consumers by Rs47.81 billion in one month; Rs22 billion overbilled under the guise of "adjusting load" for technical losses; Qesco identified as the worst offender
Pakistan’s inflation to clock in at 3.0-3.5% for July amid rising food prices: report
Food, transport, and utility costs drive up monthly inflation, with an expected 2.2% rise in July
Govt allows 50% retention of export earnings for Chinese firms in Gwadar to address investment concerns
Pakistan takes steps to boost Chinese investment ahead of PM’s China visit and resolve longstanding issues in Gwadar Free Zone
Profit repatriation remains steady at $2.2 billion in FY25 despite improved economic conditions
FDI remains dominant, power sector leads with highest outflows; food and oil sectors see significant increases