ISLAMABAD – The federal government on Wednesday announced a reduction in petroleum prices for the next fortnight, bringing petrol down by Rs5.66 per litre in line with recent international market trends. According to a notification from the Finance Division, the new petrol price now stands at Rs263.02 per litre, while the price of high-speed diesel […]
Finance Division
Finance division, not FBR, to present 2026 budget: Aurangzeb
Islamabad: In a major policy shift, Finance Minister Muhammad Aurangzeb announced that the Federal Board of Revenue (FBR) will no longer oversee Pakistan’s tax policy or budget preparation. Instead, these critical responsibilities now fall under the Finance Division, marking a significant restructuring of fiscal governance. Speaking at a workshop titled “Unlocking Capital Market Potential for […]
Bilal Azhar Kayani takes charge as minister of state for finance
Bilal Azhar Kayani has officially assumed office as Pakistan’s Minister of State for Finance. The Finance Division confirmed his appointment on Friday through a Cabinet Division notification. This new role became effective immediately under the government’s Rules of Business 1973. Kayani continues to serve as Minister of State for Railways and also heads the Prime […]