Economy

Pakistan sets FY27 gross financing needs at PKR 28.65 trillion
Markets

Pakistan sets FY27 gross financing needs at PKR 28.65 trillion

Government will cut net T-bill issuance, raise Sukuk and fixed-rate PIBs, and seek more than USD 2 billion from international bond markets in FY27

IMF urges Pakistan to accelerate energy reforms, contain circular debt
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IMF urges Pakistan to accelerate energy reforms, contain circular debt

Pakistan tells IMF it expects USD 21.5 billion in external debt repayments this year as talks also cover farm taxes, reserves and automobile policy

Attock Refinery plans 50,000-barrel-per-day deep-conversion refinery
Markets

Attock Refinery plans 50,000-barrel-per-day deep-conversion refinery

ARL's FY26 utilization rose to 71% as it advanced a USD 600 million Euro-V upgrade and tied further expansion to northern crude supplies

Pakistan inflation seen easing to around 10% in September
Markets

Pakistan inflation seen easing to around 10% in September

Higher electricity and fuel costs are set to drive September price pressures even as Pakistan inflation forecasts point to a softer annual CPI reading

PTBA urges government to focus on tax reform implementation
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PTBA urges government to focus on tax reform implementation

Tax professionals call for stronger tax administration, faster refunds and lower compliance costs as Pakistan expands digitalization and documentation reforms

Pakistan’s polypropylene industry seeks higher taxes on commercial imports
Business

Pakistan’s polypropylene industry seeks higher taxes on commercial imports

The industry wants tighter documentation, automated exemptions and faster refunds to curb alleged tax evasion in informal manufacturing

SBP launches PKR 16 billion Pasban Remittance Reward Scheme
UAE

SBP launches PKR 16 billion Pasban Remittance Reward Scheme

Pasban Remittance Reward Scheme offers quarterly cash prizes to eligible recipients, with the first PKR 4 billion draw set for January 15, 2027

BYD Pakistan reaches 10,000 vehicles ahead of local assembly
Markets

BYD Pakistan reaches 10,000 vehicles ahead of local assembly

BYD Pakistan has expanded to five models, including Atto 2 and Shark 6, as Mega Motor prepares to move from imported NEVs to local production

Mari Energies expects Ghazij/Shawal gas output to reach 222 mmcfd by FY28
Markets

Mari Energies expects Ghazij/Shawal gas output to reach 222 mmcfd by FY28

Mari Energies may spend about USD 1 billion on Ghazij/Shawal as security constraints curb North Waziristan growth and raise operating costs.

Pakistan insurance industry premiums rise 15% to PKR 778 billion in 2025
Business

Pakistan insurance industry premiums rise 15% to PKR 778 billion in 2025

Pakistan's insurance sector assets reached PKR 4.09 trillion in 2025 as takaful and digital premiums grew, while penetration remained at 0.7%.

Pakistan's listed refineries post PKR 54.8 billion profit in FY26
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Pakistan's listed refineries post PKR 54.8 billion profit in FY26

Sector reverses year-ago loss as diesel margins surge and refinery utilization climbs to 55%

OGRA cuts September RLNG prices by up to 21.6%
Markets

OGRA cuts September RLNG prices by up to 21.6%

Pakistan's RLNG prices fell sharply in September as two lower-cost Qatar cargoes eased costs after months of disruption and expensive spot purchases

OICCI urges investment, exports and structural reforms in Pakistan during IMF meeting
Business

OICCI urges investment, exports and structural reforms in Pakistan during IMF meeting

Foreign investors urge Pakistan to cut red tape, widen the tax base and strengthen energy security as FDI falls despite macroeconomic stabilization

NEPRA upholds revised K-Electric tariff of PKR 32.37 per unit
Markets

NEPRA upholds revised K-Electric tariff of PKR 32.37 per unit

Appellate tribunal dismisses K-Electric's appeal, as utility calls the tariff "not financially sustainable"

Petroleum Minister orders contingency plans to prevent fuel supply disruptions
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Petroleum Minister orders contingency plans to prevent fuel supply disruptions

Ali Pervaiz Malik directs authorities to secure supplies amid law-and-order risks, as Fuel Relief Scheme payments near completion

OICCI urges FBR to clear PKR 102.8 billion in pending tax refunds
Business

OICCI urges FBR to clear PKR 102.8 billion in pending tax refunds

Foreign investors say delayed Income Tax and Sales Tax refunds are straining working capital and could weigh on business expansion and investment

Pakistan, US EXIM discuss PIA and refinery financing, Reko Diq project
Business

Pakistan, US EXIM discuss PIA and refinery financing, Reko Diq project

Finance Minister Aurangzeb sought support for Boeing aircraft and refinery upgrades while also outlining Pakistan’s digital-economy and virtual-assets agenda in New York

Fitch raises 2026 global growth forecast to 2.6%, warns of higher real rates
Research

Fitch raises 2026 global growth forecast to 2.6%, warns of higher real rates

Resilient US and eurozone activity and stronger Korean growth lift Fitch’s outlook, while tighter monetary policy pushes real interest rates higher

Aurangzeb discusses PIA, energy security, climate finance during UNGA week
Business

Aurangzeb discusses PIA, energy security, climate finance during UNGA week

Finance minister also backs a regulated virtual-assets framework and COP31 implementation agenda during a series of high-level meetings in New York

Pakistan FY27 budget faces pressure from ambitious tax target, higher costs: ADB
Research

Pakistan FY27 budget faces pressure from ambitious tax target, higher costs: ADB

The budget targets a 3.6% fiscal deficit as FBR collections are set to rise 17.6%, while defense and interest costs increase, ADB says