Category: Business

Oil Prices

Oil Prices May Drop Soon as Pakistan Pushes for Transparent Fuel Pricing Amid Iran-US Ceasefire Progress

Pakistan expects global oil market improvements to benefit consumers as the government prepares a new transparent fuel pricing mechanism. Pakistan’s energy outlook is showing signs of change as diplomatic efforts surrounding the Iran-US conflict move toward a possible ceasefire, with Islamabad expecting positive impacts on global fuel markets. Federal Minister for Petroleum Ali Pervez Malik […]
ADB

Pakistan Gets $700 Million Lifeline as ADB Approves Major Insurance Sector Transformation Plan

ADB’s major funding initiative aims to strengthen Pakistan’s insurance industry, improve risk protection, and expand financial security for vulnerable communities. Pakistan’s financial landscape is set for a major transformation as the Asian Development Bank (ADB) has approved a $700 million loan aimed at reforming the country’s insurance sector and expanding access to insurance coverage. According […]
IMF

IMF Rejects Pakistan’s Education Tax Relief Bid as School Costs Keep Rising

IMF-backed fiscal reforms open doors for auto imports but keep taxes on essential school supplies unchanged. Pakistan’s latest economic discussions have revealed a growing policy divide, with relief measures moving toward the automobile sector while families continue facing taxes on basic education necessities. Officials informed the Senate Standing Committee on Finance that the International Monetary […]
Pakistan

Pakistan Stock Market Explodes to Historic High After Surprise US-Iran Peace Breakthrough

Investor confidence soared as optimism surrounding a potential US-Iran peace agreement pushed Pakistan’s benchmark stock index to a record-breaking close. Pakistan’s stock market delivered a historic performance on Monday, with the benchmark KSE-100 Index recording its largest-ever single-day points gain as investors reacted positively to reports of progress in US-Iran peace negotiations. The Pakistan Stock […]
Pakistan Business Council

Pakistan Business Council Endorses Budget 2026-27 but Its Reform Warning Could Shape the Economy’s Future

Pakistan Business Council welcomes key relief measures in the federal budget while emphasizing tax reforms, energy sector improvements, and policy consistency to sustain long-term economic growth. KARACHI: The Pakistan Business Council (PBC) has welcomed the Federal Budget 2026-27, describing it as a constructive step toward economic stability and sustainable growth, while urging the government to […]
Inflation

Inflation Drops to Single Digits as Pakistan Reports Economic Turnaround, Minister Claims

Government presents key macroeconomic indicators in National Assembly, citing inflation decline, rising reserves, and record remittances. Pakistan’s economic outlook came under the spotlight in the National Assembly as the Federal Minister for Information and Broadcasting presented a series of indicators claiming signs of stabilization and recovery. The remarks focused on inflation easing, financial discipline, and […]
Gold

Gold Shock in Pakistan: Prices Hit Record High on June 13, 2026

Gold prices surge sharply across Pakistan as dollar fluctuations and global market pressures reshape investor sentiment on June 13, 2026. Gold prices in Pakistan extended their upward momentum on Friday, reflecting continued volatility in global bullion markets and pressure from currency fluctuations. On June 13, 2026, 24-karat gold was recorded at Rs. 433,000 per tola, […]
Pakistan

Pakistan Sets Massive Rs15.264 Trillion Tax Target, What’s Behind the Government’s Ambitious Revenue Plan?

ISLAMABAD: The federal government has set an ambitious tax collection target of Rs15.264 trillion for the Federal Board of Revenue (FBR) in the Budget 2026-27, outlining a comprehensive revenue strategy aimed at strengthening public finances and reducing the fiscal deficit. According to budget documents, the government expects to collect Rs7.613 trillion through income tax during […]
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