Pakistan’s budget negotiations for fiscal year 2026-27 have entered a crucial phase as the International Monetary Fund (IMF) has reportedly asked the government to raise an additional Rs500 billion through new taxes measures. Read More: Pakistan budget 2026–27 eyes heavy taxes According to reports citing official sources, the demand comes as Islamabad finalises revenue targets and […]
economy
Gold prices rise in Pakistan amid global uncertainty
Gold prices in Pakistan moved higher on Monday, May 18, following gains in the international bullion market as investors continued to turn to safe-haven assets amid ongoing global economic uncertainty and geopolitical tensions. Read More: Gold prices fall by Rs600 in Pakistan According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat […]
Chinese firm to establish digital economy headquarters in Pakistan
Prime Minister Shehbaz Sharif on Friday appreciated IBI Group’s decision to establish its Pakistan Digital Economy Headquarters in Pakistan and expressed satisfaction at the expanding business to business (B2B) cooperation between Pakistan and China. He was talking to a high-level 11-member Chinese business delegation led by Qian Xiaojun, Founder, President and Controlling Shareholder of IBI […]
‘Economy expands to $452bn; GDP grows 3.99% in Q3 FY26’
Pakistan’s economy grew by 3.99% year-on-year in the third quarter of fiscal year 2025-26, with industry emerging as the key driver, according to data released by the National Accounts Committee (NAC) on Wednesday. The latest figures, compiled by the Pakistan Bureau of Statistics, overall GDP for Q1 and Q2 for FY 2025-26 have witnessed revised […]
IMF delegation arrives for Pakistan budget talks
An International Monetary Fund (IMF) delegation is set to arrive in Pakistan on Tuesday to begin discussions on the country’s federal budget for fiscal year 2026–27, as Islamabad prepares its next economic roadmap. According to official sources, formal talks between Pakistan’s economic team and the IMF mission will begin on May 13 and continue through […]
IMF flags low reporting in real estate sector
The International Monetary Fund (IMF) has raised concerns over Pakistan’s low reporting of suspicious financial transactions in the real estate sector, urging authorities to strengthen anti-money laundering controls and improve monitoring mechanisms. Read More: IMF calls for crackdown on tax evasion in real estate sector According to official sources, the IMF has asked Pakistan to address the […]
PM extends austerity measures until June 13
Prime Minister Shehbaz Sharif has extended Pakistan’s nationwide austerity and fuel conservation measures until June 13, citing continued uncertainty caused by the ongoing Middle East conflict and its impact on global markets and supply chains. Read More: Pakistan extends austerity drive amid rising regional tensions According to a Cabinet Division notification issued on Monday, the government will […]
Overseas Pakistanis sent $3.53 billion in remittances during April 2026
Overseas Pakistanis sent $3.53 billion in remittances during April 2026, reflecting an 11.4 per cent increase compared to the same month last year, according to data released by the State Bank of Pakistan (SBP) on Monday. Despite the year-on-year growth, inflows recorded a month-on-month decline of 7.6 per cent from March 2026, when remittances stood […]
Pakistan Business Forum called on the government to abolish super tax
The Pakistan Business Forum has called on the government to abolish super tax and introduce business-friendly reforms in its budget proposals for fiscal year 2026-27. The forum submitted its recommendations to the Ministry of Finance, urging policymakers to prioritise economic growth and reduce the cost of doing business. Read More: EU-Pakistan business forum launched, opening […]
Investor-friendly, transparent economy govt’s priority, finmin tells stakeholders
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb reaffirmed on Saturday the government’s commitment to fostering a facilitative, transparent, and predictable policy environment that encourages investment, supports innovation, and strengthens Pakistan’s capital markets, while contributing to sustainable and inclusive economic development. He chaired a virtual meeting of the Focus Group on Incentivizing and Facilitating […]