Tag: economy
Government Reintroduces Phased Release of Rs. 1 Trillion Development Funds for FY2026-27
The federal government has once again decided to limit the release of development funding by linking allocations to the country’s…
Gold Price Falls Below Rs. 420,000 Per Tola in Pakistan After Sharp Decline
Gold prices in Pakistan recorded another significant decline on Wednesday, with the price of the precious metal falling below the…
Government Introduces Fixed Tax Scheme for Small Retailers and Shopkeepers
The federal government has proposed a new fixed tax framework for small retailers and shopkeepers as part of its FY2026-27…
Government Allocates Rs. 365 Billion for N-25, M-6 Motorway and ML-1 Railway Projects
The federal government has announced a significant investment in Pakistan’s transport infrastructure, allocating Rs. 365 billion for road, motorway, and…
New Sindh Dam Still Under 50% Complete Despite Rs. 36 Billion Cost Overrun
The Federal Constitutional Court was informed on Monday that the Gaj Dam project in Sindh remains less than 50 percent…
Pakistan Govt Likely to Delay Budget 2026-27 Presentation Again
Pakistan’s federal government is expected to postpone the presentation of the fiscal year 2026-27 budget, with the new likely date…
Govt Hikes Prices of Kerosene, Light Diesel, and Jet Fuel in Pakistan
The government has quietly increased the prices of kerosene oil, light diesel oil, and jet fuel across Pakistan following the…
New Zealand Announces Plan to Cut 9,000 Public Sector Jobs by 2029
The government of New Zealand has announced a major restructuring plan that will see nearly 9,000 public sector jobs eliminated…
Govt Allocates Rs. 16 Crore for PM House Repairs, Approves Rs. 1 Billion for Food Safety Authority
The federal government has approved Rs. 160 million for the repair and maintenance of the Prime Minister’s Office, according to…
Gold Prices Surge Again in Pakistan Amid Global Market Gains
Gold prices in Pakistan experienced another significant increase on Wednesday, following strong gains in the international market. Investors and buyers…
Banks to Remain Open for Extended Hours on Saturday to Facilitate Tax Payments
In a move aimed at easing the process of government revenue collection, the State Bank of Pakistan (SBP) has announced…
Rupee Extends Winning Streak to 82 Days Against US Dollar
The Pakistani rupee continued its steady performance against the US dollar on Monday, extending its appreciation streak to 82 consecutive…
Government Considers Discontinuation of Rs. 10 Banknote
The federal government is reviewing the future of the Rs. 10 banknote, as the federal cabinet has constituted a high-level…
Defense Minister Claims Pakistan’s Growing Defense Orders Could Reduce IMF Dependence
Pakistan’s Defense Minister, Khawaja Muhammad Asif, has made a bold claim that increasing international orders for the country’s defense equipment…
Pakistan Surpasses India in Economic and Global Peace Optimism, Gallup Survey Reveals
Pakistan has emerged as one of the world’s most optimistic nations heading into 2026, according to the latest Global Economic…
Pakistan Awards 23 Offshore Exploration Blocks After Two Decades
Initial exploration phase to bring $80 million investment; total investment may reach $1 billion Pakistan has achieved a major breakthrough…
Gold Surges Beyond $4,000 an Ounce for the First Time as Investors Flock to Safe-Haven Assets
Gold prices reached an unprecedented milestone on Wednesday, breaking past $4,000 per ounce for the first time in history as…