Dubai Crude Prices Drop Sharply as Iran-US De-escalation Eases Market Fears
Global oil markets witnessed a significant correction as Dubai Crude prices fell close to $110 per barrel following easing tensions…
Tag: Pakistan economy
FBR Grants Intelligence Wing Expanded Powers to Crack Down on Tax Evasion
The Federal Board of Revenue has empowered its intelligence wing with enhanced authority to pursue cases of tax evasion and…
Maersk Increases Emergency Surcharge on Pakistan–West Africa Shipping Routes from April 2026
Global shipping leader A.P. Moller – Maersk has announced a rise in its Emergency Contingency Surcharge (ECS) for shipments originating…
PIA Losses Reach Rs. 500 Billion as Government Pushes Privatization Plan
Pakistan’s national flag carrier, Pakistan International Airlines, has accumulated losses of nearly Rs. 500 billion between 2015 and 2023, according…
Middle East Conflict Could Push Pakistan’s Inflation to 17% and Widen Trade Deficit: PIDE Report
Escalating tensions in the Middle East could trigger serious economic challenges for Pakistan, particularly if the conflict disrupts global oil…
Pakistan Nears IMF Agreement to Revise FBR Tax Collection Target for FY26
Pakistan and the International Monetary Fund are reportedly close to finalizing a revised tax collection target for the current fiscal…
Pakistani Rupee Strengthens Against US Dollar Amid Global Turbulence
The Pakistani rupee (PKR) continued its upward momentum, closing in green against the US Dollar (USD) for the 115th consecutive…
Gold Prices Drop Sharply in Pakistan After International Market Reversal
Gold rates in Pakistan witnessed a significant decline on Tuesday, following a sharp reversal in global bullion prices a day…
IMF Delegation Leaves Pakistan; Talks Shift Online Over Security Concerns
Pakistan has moved its ongoing negotiations with the International Monetary Fund (IMF) to a virtual format amid prevailing security concerns,…
Lawmaker Claims Pakistan Steel Mills Was Quietly Offered to Russia
Fresh controversy has emerged around Pakistan Steel Mills after a lawmaker alleged that the state-owned industrial giant was quietly offered…
Petrol and Diesel Prices Likely to Increase from 1st March 2026
Petroleum product prices in Pakistan are expected to rise once again, with new rates likely to come into effect from…
UAE to Rollover $2 Billion Loan to Pakistan for Extended Period: Ishaq Dar
The United Arab Emirates has agreed to rollover a $2 billion loan to Pakistan for a longer tenure this time,…
Industries Save Rs. 12.1 Billion Under Government’s Discounted Electricity Package
Pakistan’s industrial sector secured financial relief of Rs. 12.125 billion during December 2025 and January 2026 under a government-backed discounted…
Pakistani Rupee Sees Marginal Recovery Against US Dollar Amid Mixed Currency Performance
The Pakistani rupee (PKR) continued its modest gains against the US Dollar (USD) on Monday, closing in green for the…
Electricity Subsidies May Be Restricted to Deserving Consumers Under New IMF-Linked Plan
The government is preparing to overhaul its electricity subsidy framework by limiting financial support strictly to low-income households, subject to…
Pakistan Attracts $176 Million in Largest Bond Inflows in 19 Months
Pakistan has recorded its strongest monthly net foreign inflows into sovereign bonds in nearly two years, signaling renewed investor interest…
SOE Losses Cross Rs. 830 Billion in FY25 Despite Continued Government Support
Pakistan’s state-owned enterprises (SOEs) recorded combined losses of Rs. 832.8 billion in fiscal year 2024-25, according to a fresh report…
Pakistani Rupee Extends Gains Against US Dollar for 93rd Consecutive Day
The Pakistani rupee (PKR) continued its modest upward trend against the US Dollar (USD), closing in green for the 93rd…
Lawmakers Hope for SBP Interest Rate to Drop to Single Digits by June 2026
During a meeting of the Senate Standing Committee on Commerce on Monday, lawmakers expressed optimism that the State Bank of…