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Economy

Budget praised even by critics, says Tarar

Federal Minister Atta Tarar says the budget is praised even by critics, with benefits for salaried individuals, industry, and exporters.

Power Division unveils new electricity bill format

Power Division unveils new electricity bill format to simplify consumer understanding, enhancing transparency and user experience.

Pakistan Railways outsources five trains

Pakistan Railways outsources five trains, generating 10.7823 bn rupees, while 10 remain unbid due to high benchmarks.

No inflation rise after fuel price cut: minister

Finance Minister Aurangzeb says no inflation rise post fuel price cut, with economic growth foundations laid and 18 billion U.S. dollars expected by fiscal year-end.

Pakistan’s IT exports hit record 4.2 bn USD

Pakistan's IT exports hit a record 4.2 bn USD in 11 months, with a 20% increase. Expected to surpass 4.5 bn USD by fiscal year's end.

PM pledges solar power funding for Gilgit-Baltistan

PM Shehbaz pledges federal funding for 100 MW solar project in Gilgit-Baltistan, aiming for completion by December with third-party validation for transparency.

Karachi port sees 2,000 ships after 8 years

Karachi port reaches 2,000 ships milestone after 8 years, boosting maritime trade and economy.

PTI leader warns of economic risks from debt reliance

PTI's Salman Akram Raja warns that reliance on loans may worsen economic issues, urging reforms for stability.

FBR intensifies crackdown on tax fraud

FBR intensifies crackdown on tax fraud, proposing heavy fines and penalties for non-integration with digital tax systems in Finance Bill 2026.

Shehbaz vows to save state, economy

Shehbaz Sharif vows to save state over politics, stabilizing economy. Budget offers tax relief for salaried class, boosts housing sector.

Modi’s policies face backlash amid economic woes

Modi's Hindutva policies criticized for economic decline, rupee weakens, investment drops. Government accused of glorifying Modi, marginalizing Muslims.

Hefty fines proposed for non-digital businesses

The 2026-27 budget proposes fines for businesses not integrating digitally with FBR, with penalties up to 5 million rupees for repeated violations.

Pakistani diet shifts amid rising food prices

Pakistani diet shifts as food prices rise, reducing consumption of wheat, rice, pulses, milk, and meat, according to the Pakistan Economic Survey 2025-26.

Forex reserves rise by 35.7 mn USD

Forex reserves rose by 35.7 mn USD, reaching 22.62 bn USD by June 5, with central bank reserves at 17.21 bn USD and commercial banks at 5.45 bn USD.

Govt cuts customs tariffs, offers 180 bn relief

Govt reduces customs tariffs in new finance bill, providing 180 bn rupees relief. Duties on over 7,500 raw materials, components, machinery reduced.

Govt plans 6.779 tn rupees borrowing in 2026-27

Govt plans to borrow over 6.779 tn rupees in 2026-27, with 8.054 tn rupees set for interest payments. Additional loans and external grants are also part of the plan.

Govt to offer interest-free loans to 86,000 people

Govt to provide interest-free loans to 86,000 people under the poverty alleviation program in the 2026-27 budget, aiming to empower low-income groups.

PM claims economy stable despite challenges

PM Shehbaz Sharif claims the economy is stable despite challenges, with inflation reduced and policy rates lowered. He emphasizes investment in alternative energy.

Pharma firms urge forex policy change to boost exports

PPMA seeks 35% forex retention for pharma firms to boost exports to 2 bn USD, citing marketing cost coverage. Current 15% limit deemed insufficient by Dr. Waheed.

Customs arrest suspect in 11 crore rupee fraud

Pakistan Customs arrests suspect in 116.5 million rupee fraud under Export Facilitation Scheme, with duty-free imported cotton illegally sold.

Poverty rises, 800,000 Pakistanis move abroad

Poverty in Pakistan has risen to 28.9%, with 800,000 citizens moving abroad for jobs. Balochistan is the poorest province with a 47% poverty rate.

Oil prices surge after Iran’s Hormuz closure

Oil prices rise sharply after Iran's Strait of Hormuz closure announcement amid regional tensions, impacting global energy supply and economy.

Government plans tax relief for salaried class

Government plans income tax relief for salaried class, proposes new slabs and reductions. Awaiting IMF approval today.

Provinces agree to cover federal fiscal deficit

Provinces agree to cover federal fiscal deficit, offering up to 1,700 billion rupees. Punjab pledges over 500 billion rupees. Budget delay due to elections, leadership unavailability.

Pakistan’s debt rises by 7 trillion rupees

Pakistan's debt has surged by 7 trillion rupees over the past year, reaching a historic high of 81,930 billion rupees, posing a major challenge to the economy.

Iran-US tensions to impact economy till next year

Finance Minister Aurangzeb says Iran-US tensions will affect economy till next year, subsidies targeted to specific groups. Economic survey to reveal key facts.

Remittances rise 20.2% in May 2026

Remittances in May 2026 rose 20.2% from the previous month, with a 15.4% increase from last year, positively impacting foreign reserves.

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