Pakistan's federal government proposed a Rs17.1 trillion budget for FY27, targeting 4.1% GDP growth and 8.4% inflation. Defence spending set at Rs2,665 billion, with tax revenue target of Rs15,267 billion.
Pakistan's diplomatic successes overshadow a deepening domestic crisis of inflation, unemployment, and poverty, as the gap between state prestige and public suffering widens.
Experts argue that Pakistan's low tax-to-GDP ratio is due to poor tax design and exemptions, not widespread evasion, calling for comprehensive reforms.
A model budget proposes comprehensive reforms to reduce fiscal pressure, enhance revenue, and attract investment. Key measures include tax restructuring and public sector efficiency.
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Traders across Pakistan have expressed support for the government's new simplified tax scheme, aiming to broaden the tax net and ease compliance for small businesses.
Discover how changing closing times are impacting local businesses and communities, with insights from owners and customers on the new regulations.
Pakistan's economic fragility influences its foreign policy decisions, balancing ties with major powers while managing domestic challenges.
PM's directive to stabilise electricity tariffs addresses unsustainable pricing. Benefits include predictable household costs and industrial investment, but strategy must avoid temporary fixes.
Finance Minister announces Pakistan's economic growth is expected to be around 4% this fiscal year, citing improved macroeconomic indicators.
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Pakistan's external sector faces severe threats from the Middle East crisis, risking exports, energy imports, and remittances, with potential losses of billions and heightened economic instability.
Federal Board of Investment Minister Qaiser Ahmed Sheikh held high-level bilateral meetings with global business leaders at the Commonwealth Trade and Investment Summit 2026 in London to strengthen Pakistan's investment partnerships and promote economic c
The Protectorate of Emigrants in Rawalpindi contributed 26.45% of Pakistan's 763,526 overseas workers in 2025, processing 52,000 registrations by mid-April 2026 under streamlined supervision.
The US has committed $50 million to the Phalaborwa Rare Earths Project in South Africa, aiming to reduce reliance on China for critical minerals used in electronics, defense, and EVs, despite strained diplomatic relations.
Oman's private sector showed steady growth in Q4 2025, with enterprise numbers up 0.2% to 268,286 and total value added increasing 4.7% to 8.68 billion rials. Medium-sized enterprises led job growth at 7.9%, while GDP rose 2.3% to 42.14 billion rials.
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Bangladesh's new Prime Minister Tarique Rahman faces early economic setbacks as the US-Israeli war on Iran disrupts fuel supplies, forcing price hikes and threatening stabilization plans.
Saudi Arabia has begun enforcing new Saudization rules requiring 60% localization in marketing and sales professions, with a minimum salary of SR5,500 for Saudis, as part of Vision 2030 labor reforms.
Bahrain implements emergency measures, including wage guarantees and loan deferrals, to protect private-sector jobs and stabilize the economy amid regional conflict and economic disruptions.
Major Asian airlines like Cathay Pacific and Singapore Airlines report robust demand on European routes as travelers avoid Middle Eastern hubs due to conflict, with analysts predicting this shift could last 6-12 months.
Over 50 nations gather in Colombia for the first-ever conference on phasing out fossil fuels, as the Iran war highlights global energy dependence and short-term coal reliance.
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Pakistan initiates consultations with investors and business groups to broaden its narrow tax base in the upcoming federal budget, targeting sectors like agriculture and IT under IMF guidance.
Saudi Arabia's Operating Revenue Index increased by 5.9% year-on-year in February 2026, driven by strong performances in logistics, entertainment, and communication sectors. The transport and storage sector saw a 17% annual rise, while information and com
The government's new policy to repatriate overseas assets has been met with approval from economic experts and political leaders, aiming to boost Pakistan's economy and curb illicit financial flows.
The closure of the Strait of Hormuz has spiked energy costs, but US grocery bills remain stable for now. Experts warn of potential long-term food inflation if the conflict persists, affecting supply chains and packaging.
Saudi Arabia has approved a $3 billion deposit to Pakistan's central bank, extending financial support to help stabilize the economy amid global pressures and manage external obligations.
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Federal Minister Qaiser Ahmed Sheikh emphasized governance reforms and a business-to-business model for CPEC 2.0 at a policy dialogue in Islamabad, highlighting lessons from China's development.
Americans are increasingly dissatisfied with federal taxes, with nearly 60% saying they pay too much. This anti-tax sentiment echoes California's 1978 Proposition 13, which capped property taxes and reshaped public services, offering lessons for today's t
The federal government has imposed a fresh Rs63 billion cut on the Public Sector Development Programme, bringing total reductions to Rs163 billion and lowering the outlay to Rs837.16 billion from the original Rs1 trillion.
The 1911 Triangle Shirtwaist Factory fire killed 146 garment workers, exposing poor conditions and sparking major labor reforms that shaped modern workplace standards in America.
Pakistan's Finance Minister arrived in Boston to engage with Harvard's Growth Lab, focusing on economic strategies and growth models for national development.
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Prime Minister Shehbaz Sharif reduces diesel by Rs 135 and petrol by Rs 12 per liter, passing on international oil price benefits to the public. He also highlights Islamabad's role in hosting US-Iran peace talks.
