Economy

Foreign investors eye stakes in Pakistan's electricity firms, Senate panel told
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Foreign investors eye stakes in Pakistan's electricity firms, Senate panel told

The government plans to hold roadshows in China, Qatar, Saudi Arabia and Turkey to brief potential buyers

PM Shehbaz Sharif consults business leaders ahead of budget, reaffirms export-led growth strategy
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PM Shehbaz Sharif consults business leaders ahead of budget, reaffirms export-led growth strategy

Business community backs government's economic reforms, tax measures and investment-friendly policies

Pakistan expands Naya Pakistan Certificates with Riyal and Dirham options
UAE

Pakistan expands Naya Pakistan Certificates with Riyal and Dirham options

Overseas Pakistanis in Saudi Arabia and the UAE can now invest in sovereign-backed certificates in local currencies, with returns of up to 7.5%

SECP registers 3,161 companies in May, breaks single-day record with 415 incorporations
Business

SECP registers 3,161 companies in May, breaks single-day record with 415 incorporations

Punjab led with 1,643 registrations, with IT and e-commerce the top sector

Pakistan delays FY27 budget, new date likely June 10 or 12
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Pakistan delays FY27 budget, new date likely June 10 or 12

NEC meeting postponed as government cites Gilgit-Baltistan elections and ongoing IMF consultations

NEC to review PKR 4.464 trillion development plan for FY27
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NEC to review PKR 4.464 trillion development plan for FY27

Federal development allocation proposed at PKR 1.326 trillion, up PKR 200 billion from earlier estimate

Telecom industry pushes for tax cuts in FY27 budget to spur 5G investment
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Telecom industry pushes for tax cuts in FY27 budget to spur 5G investment

Industry proposes cuts in mobile taxes, duties on 5G equipment and fiber imports

PM Shehbaz directs PKR 200 billion increase in federal development budget
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PM Shehbaz directs PKR 200 billion increase in federal development budget

PM Shehbaz has directed a PKR 200 billion boost to Pakistan's PSDP ahead of the NEC meeting on June 3

Pakistan allocates PKR 1.13 trillion for development projects in FY27
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Pakistan allocates PKR 1.13 trillion for development projects in FY27

Transport and communications get PKR 408 billion; government targets 4% GDP growth in the upcoming fiscal year

Pakistan's development budget stuck at PKR 1T for 8 years, laments minister
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Pakistan's development budget stuck at PKR 1T for 8 years, laments minister

Planning Minister says debt repayments are eating into federal resources, with PKR 10 trillion needed to complete ongoing development projects

Pakistan moves toward first strategic oil reserve amid supply security concerns
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Pakistan moves toward first strategic oil reserve amid supply security concerns

International consultants invited to develop blueprint for emergency fuel stockpiles as global supply risks and geopolitical tensions grow

Pakistan eyes 4% growth target for FY2026-27 as planning committee reviews economic priorities
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Pakistan eyes 4% growth target for FY2026-27 as planning committee reviews economic priorities

APCC to consider PKR 1.126 trillion federal development budget as officials project FY2025-26 growth of about 3.7%, below the government’s target

Pakistan’s budget won’t fix economy without tax reform: AKD Chairman
Pakistan

Pakistan’s budget won’t fix economy without tax reform: AKD Chairman

Aqeel Karim Dhedhi says budget 2026 needs tax reform, not more pressure on businesses

IMF pushes Pakistan to raise GST from 18% to 19% in FY27 budget
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IMF pushes Pakistan to raise GST from 18% to 19% in FY27 budget

Taxes on EVs, hybrids, and solar panels may also rise sharply as part of the proposal

FBR to miss May tax target by PKR 190B, FY26 shortfall nears PKR 860B
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FBR to miss May tax target by PKR 190B, FY26 shortfall nears PKR 860B

Sales tax collection fell short by PKR 382 billion, income tax by PKR 210 billion in FY26

IEA, IMF, World Bank, WTO warn Middle East war is draining global oil inventories
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IEA, IMF, World Bank, WTO warn Middle East war is draining global oil inventories

The heads of four global agencies met to discuss the war's energy, trade, and economic impacts

Pakistan cuts petrol, diesel prices by PKR 22 for one week
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Pakistan cuts petrol, diesel prices by PKR 22 for one week

The new rates will take effect on May 30

SBP ramps up dollar buying with $5.8 billion in 8 months
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SBP ramps up dollar buying with $5.8 billion in 8 months

Central bank's net interbank dollar buying since June 2024 has now crossed $14 billion