Pakistan Business

NEC to review PKR 4.464 trillion development plan for FY27
Business

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

Pakistan earmarks PKR 754 billion in PSDP 2026-27 for highways, water and energy
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Pakistan earmarks PKR 754 billion in PSDP 2026-27 for highways, water and energy

Pakistan's PSDP 2026-27 proposes PKR 754 billion in federal development spending, with highways, water resources and energy taking the largest shares

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

Supernet Technologies board approves in-principle plan for right issue
Markets

Supernet Technologies board approves in-principle plan for right issue

Company may raise up to PKR 914.76 million to support working capital needs, upcoming projects, and obligations related to its Supernet Limited acquisition

Pakistan PM vows pro-business budget measures and orders FBR to clear tax refunds by June 15
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Pakistan PM vows pro-business budget measures and orders FBR to clear tax refunds by June 15

PM Shehbaz Sharif pledged pro-business budget measures and directed the FBR to clear all pending tax refunds by June 15 at a meeting with business leaders

PAFLA urges govt to retain 0.25% tax rate for freelancers in Budget 2026-27
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PAFLA urges govt to retain 0.25% tax rate for freelancers in Budget 2026-27

PAFLA has called on the FBR and Finance Ministry to protect Pakistan's freelance economy in Budget 2026-27 with tax stability and digital investment.

Pakistan, EU pledge deeper strategic partnership as bilateral trade hits $12 billion
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Pakistan, EU pledge deeper strategic partnership as bilateral trade hits $12 billion

Pakistan and the EU reaffirm a growing strategic partnership covering trade, counterterrorism, climate and regional security during Kaja Kallas' first Islamabad visit in seven years.

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

Pakistan to keep electricity subsidies for protected consumers under new registration system
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Pakistan to keep electricity subsidies for protected consumers under new registration system

Energy Minister Awais Leghari confirms electricity subsidies for protected consumers will continue via QR-based registration as power reforms cut tariffs and reduce debt.

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

SOE Act: What it means for PSX
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SOE Act: What it means for PSX

Analyst breaks down SOE Act impact and outlook for PSX ahead of budget

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