Pakistan Plans $23.38 Billion Foreign Borrowing for FY2026-27
Pakistan aims to borrow $23.38 billion in foreign economic assistance for FY2026-27, a 17.5% increase from the previous year, to maintain reserves and repay loans.
Category : Business
Pakistan Ends Taxes on Sanitary Pads, Contraceptives
Pakistan's government proposes abolishing taxes on sanitary pads and contraceptives to improve women's health, hygiene, and family planning access, particularly for low-income groups.
Pakistan Removes Customs Duty on Cancer Medicine Raw Materials
Finance Minister announces removal of customs duty on raw materials for cancer medicines in federal budget to reduce treatment costs and boost local production.
Rs2.4bn Allocated for Law Ministry Development Projects
The federal government has allocated Rs2.403 billion to the Ministry of Law and Justice under PSDP 2026-27 for ongoing and new development schemes, including courts and tribunals complexes.
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President Zardari approves PIA privatization bill
President Asif Ali Zardari signed the PIA Corporation Conversion Repeal Bill 2026, fulfilling all legal requirements for the privatization of Pakistan International Airlines Company Limited.
Pakistan Cuts PSDP to Rs1 Trillion for FY2026-27
The federal government proposed Rs1 trillion for PSDP FY2026-27, 11% below APCC's recommendation, with cuts to water resources and KP merged districts, while allocating Rs1 billion for CPEC 2.0.
Rs8.8 Trillion NFC Transfer to Provinces in FY2026-27
The federal government will transfer Rs8.8 trillion to four provinces under the NFC award in FY2026-27, an increase of Rs1.2 trillion from the previous year, with Punjab receiving the largest share.
50 Pakistani Entrepreneurs Complete US Digital Trade Program
Fifty Pakistani entrepreneurs completed a US-supported accelerator program to enhance digital trade capabilities, equipping them with skills to compete in international e-commerce markets.
Pakistan Unveils Rs18.8 Trillion Budget with Tax Relief
Pakistan's federal budget for FY2026-27 totals Rs18.8 trillion, offering tax relief to salaried class and real estate, while increasing defense spending and borrowing Rs7 trillion.
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Fed Budget 2026-27: Tax Relief, 7% Pay Hike for Govt Employees
Pakistan's federal budget 2026-27 offers tax relief for salaried individuals, abolishes 9% surcharge, and grants 7% pay and pension increase for government employees.
Pakistan Cuts Petrol, Diesel Prices: Relief for Consumers
Pakistan reduces petrol by Rs4/litre and diesel by Rs2/litre from June 13, offering marginal relief amid rising smuggling concerns.
Pakistan Unveils Rs17 Trillion Tax Target, Relief for Salaried, Real Estate
Pakistan announced a Rs17 trillion tax target for FY26-27, with Rs52 billion relief for salaried class and Rs115 billion for real estate. New taxes on EVs, social media income, and hybrid vehicles.
Pakistan Plans Strategic Oil Reserves, Energy Upgrades by 2027
Pakistan announces measures to expand strategic oil reserves to 30-45 days, upgrade refineries, and boost renewable energy to 30% of generation mix by 2030 under FY27 plan.
Pakistan's Blue Economy Plan Aims to Double Shipping Fleet
The government's Blue Economy agenda for FY2026-27 targets doubling the national shipping fleet, upgrading ports, expanding fisheries, and exploring offshore energy, despite modest sector growth.
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Pakistan slashes PSDP for 2026-27 despite growth claims
Pakistan's federal PSDP for 2026-27 is reduced to Rs1 trillion, with total development outlay at Rs3.675 trillion, despite government's growth narrative. Economists criticize fiscal prioritization.
OICCI welcomes budget but flags informal economy surge
OICCI welcomes parts of Federal Budget 2026-27 but raises concerns over informal economy growth from Rs9 trillion to Rs12 trillion. Business bodies criticise lack of export-led growth strategy.
PSX KSE-100 Index Surges 2,700 Points on Budget Optimism
Pakistan Stock Exchange rallied on Friday, with KSE-100 index gaining 2,700 points to close at 172,400, driven by budget announcement and global cues.
Pakistan Achieves Energy Milestones, Saves Rs143 Billion
Finance Minister Aurangzeb announces energy sector reforms, saving Rs143 billion in subsidies and transitioning to competitive electricity market.
Free Public Transport Facility Abolished in Punjab
Punjab government withdraws free travel on Orange Line, Metro, and Speedo buses, citing temporary relief period ended; normal fares to apply.
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Father kills daughter, son-in-law, employee in honour killing
A father in Gujranwala allegedly shot dead his daughter, her husband, and a family employee over an honour dispute. Police are investigating and searching for the suspect.
Karachi Heatwave Eases as Strong Sea Winds Lower Temp
Karachi residents get relief from heatwave as strong sea winds lower temperature by 3.5°C. PMD says heatwave in Sindh to end, with dust storms and rain forecast in some districts.
Rs30 Million Looted from Security Van in Karachi
A cash van of SOS Security Company was robbed of Rs30 million in Karachi. Police suspect an inside job as the chief crew member allegedly facilitated the heist.
Pakistani Hostages 50 Days in Somali Pirate Captivity
Pakistani crew members held by Somali pirates have spent 50 days in captivity. A new video shows them appealing to Pakistan and Indonesia for help, citing dire conditions and stalled negotiations.
Rs18.67bn School Budget Fraud in Badin Exposed
A massive fraud in Badin's School Specific Budget involves a vendor mafia colluding with officials to pass fake bills worth millions. Experts warn of irregularities due to rushed spending.
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Nawabshah Firing: Two Brothers Killed, Three Injured
A university student and his brother were killed, three family members injured in a firing near Landhi bus stop in Nawabshah. Police suspect old enmity and land dispute.
Hyderabad May Be Climate-Vulnerable by 2030: Experts
Environmental experts warn Hyderabad could become one of the most climate-vulnerable cities by 2030 due to rising temperatures, water scarcity, and climate irregularities, urging immediate action.
FUUAST Solar Project Fails to Meet Goals Due to Technical Flaws
A Rs110 million solar project at FUUAST operates at half capacity, fails to cut bills, and faces grid connection issues due to missing load sanction.
Hyderabad Mayor Launches 1139 for Muharram Complaints
Hyderabad Mayor Kashif Ali Shoro launched toll free number 1139 for citizen complaints during Muharram, covering cleanliness, water, drainage, and more.
Govt employees reject 2026-27 budget, term it exploitation
All Pakistan Clerks Association, teachers, and pensioners reject federal budget 2026-27, citing inadequate salary hikes and soaring inflation as economic injustice.
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Punjab Govt Expands Privatisation to 150 Colleges Under PPP
Punjab government expands public-private partnership to include 150 government colleges in first phase, aiming to improve educational standards and align with modern requirements.
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