SBP reserves dip by $7 million despite recent IMF inflow
Pakistan’s total foreign reserves stand at $16.60 billion; commercial banks hold $5.09 billion
NEPRA cuts Karachi tariff by Rs2.98, approves 93 Paisa hike for rest of Pakistan
NEPRA announces mixed fuel cost adjustments for Karachi and other regions.
Govt hires audit firm to develop plan for tackling Rs2.8 trillion gas sector circular debt
KPMG to develop a Circular Debt Management Plan that will also be acceptable to the International Monetary Fund
PM approves tariff cuts on 7,066 lines, reduces duties up to 7% to boost industrial growth
Govt to cut duties on raw materials, intermediate and capital goods, aiming to reduce the average tariff from 19% to 9.5% in five years
IMF pushes for strict budget compliance, agri tax enforcement; opposes power and gas subsidies
Fund seeks commitment from provinces on expenditure control amid development plan expansions
Govt to tighten solar net metering regulations, introduce revised buyback plan: report
New policy replaces net metering with net billing, shifting from quarterly credit billing to monthly cash payments for excess electricity
Provinces demand NFC and agriculture tax review as NEC approves development plan: report
Provinces seek higher share in fiscal distribution, raise concerns over agriculture income tax with IMF
Farmers suffer Rs 2.2 trillion loss in wheat alone as agriculture sector crumbles
ISLAMABAD: Pakistan’s agriculture sector is undergoing a severe crisis, with wheat farmers alone suffering an estimated loss of RS 2,200 billion since...
Pakistan’s trade deficit narrows 23% MoM in May, but widens on annual basis
Rising imports and faltering exports push cumulative FY25 deficit to $24bn
Central government debt hits Rs 74.94 tr in April as domestic borrowing surges
External liabilities stay pressured; Permanent debt, PIBs drive double-digit growth in domestic borrowing amid fiscal pressures
Govt shifts 155 railway stations to solar power amid broad railways revamp
Railways reforms gain traction with solar transition, revived routes, and outsourcing
KSE-100 hits historic high of 121,799 amid ADB loan boost and budget optimism
PSX rallies for second straight session as investor sentiment lifted by IMF talks, upcoming federal budget
Planning Commission warns of higher food imports next year due to 13.5% contraction in key crops
Cotton production falls by 30.7%, maize by 15.4%, sugarcane by 3.9%, rice by 1.4%, and wheat by 8.9% this fiscal year; agriculture sector struggles lead to lower GDP growth
Seven-member committee to finalize digital payment mechanism for fuel ahead of budget
Under the proposed plan, petrol stations to offer digital payment options; cash payments to incur additional Rs2-3 charge per liter
IMF rejects proposed taxes on moveable assets, one-day-old chicks; backs digital services tax for Rs10bn revenue
Fund raises concerns over wealth tax, industry-specific targets; proposal to raise tax on dividend income from mutual funds to 20%, withholding tax on interest income also under review