In a landmark move to strengthen regional connectivity, Pakistan has offered Bangladesh access to the Karachi Port Trust, opening new routes for Dhaka to expand trade with China and Central Asian countries. The offer was extended during the 9th Pak-Bangladesh Joint Economic Commission (JEC) meeting held in Dhaka, marking the first such high-level engagement in […]
Saudi Arabia Extends $1 Billion Oil Facility, Rolls Over $5 Billion Deposits to Pakistan
Pakistan’s struggling economy received a major financial boost as Saudi Arabia renewed its long-standing economic support, extending a $1 billion oil facility and rolling over $5 billion in deposits placed with the State Bank of Pakistan (SBP), according to confirmation from the Finance Ministry. The extension underscores Riyadh’s continued commitment to Pakistan’s financial stability, especially […]
IMF Raises Concerns Over Pakistan’s Wheat Policy; Govt Clarifies No Fixed Support Price
The International Monetary Fund (IMF) has expressed concern over Pakistan’s newly approved wheat policy, which initially appeared to include a minimum support price (MSP) mechanism — a move the Fund viewed as potentially market-distorting. According to sources within the Ministry of National Food Security & Research, the IMF sought immediate clarification after the policy’s approval, […]
NEPRA to Hear CPPA’s Plea for 37-Paisa Cut in Power Tariff on October 29
In welcome news for electricity consumers across Pakistan — including Karachi — the Central Power Purchasing Agency (CPPA) has filed a request with the National Electric Power Regulatory Authority (NEPRA) seeking a reduction of 37 paisa per unit in power tariffs under the monthly fuel cost adjustment (FCA) mechanism for September 2025. According to official […]
Salaried Class Becomes Top Tax Contributor Once Again in First Quarter of FY 2025-26
The salaried class has once again emerged as the highest contributor to Pakistan’s income tax revenue during the first quarter of the ongoing fiscal year, according to figures shared by the Federal Board of Revenue (FBR). The contribution saw a substantial rise as compared to the same period last year, highlighting the growing tax burden […]
Saudi Arabia in Talks with US for Defence Pact: Report
Saudi Arabia is reportedly engaged in high-level discussions with the United States to finalise a defence pact that could be signed during Crown Prince Mohammed bin Salman’s upcoming visit to the White House next month, according to a report by the Financial Times. Citing individuals familiar with the matter, the report states that both sides […]
Pakistan, IMF Reach Staff-Level Agreement Worth $3.3 Billion Under EFF and RSF
Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF), a major step signaling renewed confidence in Pakistan’s economic management and reform progress. The agreement covers the second review of the EFF and the first review of the RSF, with […]
Pakistan’s domestic debt surpasses Rs54 trillion amid soaring interest payments
Pakistan’s domestic debt has hit an all-time high, crossing Rs54.47 trillion as of June 2025, reflecting a massive increase of over Rs28 trillion within just five years. The surge underscores the country’s growing reliance on internal borrowing to bridge fiscal gaps and finance its expanding budgetary needs. According to official data released by the Ministry […]
UK Ex-PM Rishi Sunak Lands Senior Roles at Microsoft and Anthropic
Former UK Prime Minister Rishi Sunak has officially taken up two high-profile advisory roles at leading US technology firms Microsoft and Anthropic, marking his entry into the global tech and artificial intelligence sectors after his political career. According to documents released by the Advisory Committee on Business Appointments (ACOBA), Sunak will serve as a part-time […]
Punjab Government to Procure Wheat from Farmers at Rs3,500 per 40kg
The Punjab government has finalized an agreement with the private sector to purchase wheat from farmers at a fixed rate of Rs3,500 per 40 kilograms, marking a significant step to support the province’s agricultural community. The decision was made during a high-level meeting chaired by Chief Minister Maryam Nawaz Sharif in Lahore, as reported by […]