ISLAMABAD – Pakistan’s state-owned enterprises (SOEs) continue to bleed financially, with total accumulated losses and unfunded pension liabilities now crossing Rs7.5 trillion. This amount is nearly three times the defence budget and over seven times the national development budget for the current fiscal year. The Ministry of Finance revealed these alarming figures during a meeting […]
Ministry of finance
Breakthrough in Pak-US trade talks: Deal expected next week
Pakistan and the United States have agreed to finalize a trade agreement next week, aiming to build a wider partnership based on shared economic interests. According to a press release from the Ministry of Finance, Finance Minister Muhammad Aurangzeb held a virtual meeting with the US Secretary of Commerce. Both sides expressed satisfaction over ongoing […]
Pakistan signs $1 billion deal with ADB to boost financial reforms
Pakistan and the Asian Development Bank (ADB) have signed a $1 billion financing agreement. The deal includes both Islamic and traditional financing methods. It will support Pakistan’s economic reforms over the next five years. Officials say this agreement reflects growing international trust in Pakistan’s financial direction. The government hopes it will help strengthen its global […]
Petrol, diesel prices surge after budget; govt adds new carbon levy
ISLAMABAD – Just days after announcing the federal budget, the government has increased petrol and diesel prices, further burdening the public amid rising inflation. According to the Ministry of Finance, the price of petrol has gone up by Rs4.80 per litre, while high-speed diesel has seen an even sharper hike of Rs7.95 per litre. With […]
Military officers to get 50% salary relief in next budget
The Ministry of Finance has announced a special relief allowance for the armed forces in the next fiscal year. Officers will receive 50% of their basic salary as allowance, while junior commissioned officers and soldiers will get 20%. The finance secretary revealed this during a parliamentary committee briefing, but the ministry did not disclose […]
Govt proposes 4.2% GDP growth target for next fiscal year
The federal government has proposed a 4.2% GDP growth target for the upcoming fiscal year 2025–26, according to official budget documents prepared by the Ministry of Finance. As per the proposal, the agriculture sector is expected to grow by 4.5%, while the industrial sector’s target is set at 4.3%. Within industry, the large-scale manufacturing (LSM) […]
Tariff talks begin: Pakistan and US aim to avert trade fallout
ISLAMABAD, May 30, 2025 — Pakistan and the United States have officially started negotiations on bilateral tariffs, aiming to reduce trade tensions and strengthen economic ties. The Ministry of Finance announced the development in a press release issued on Thursday. The talks were held via teleconference between Pakistan’s Federal Finance Minister Muhammad Aurangzeb and the […]
SBP, finance ministry say crypto is illegal—despite govt promotion
ISLAMABAD: Pakistan’s top financial authorities have confirmed that cryptocurrency is still illegal in the country. This comes even as the government promotes digital assets like Bitcoin. The State Bank of Pakistan (SBP) and the Ministry of Finance both said crypto transactions remain banned under current laws. Finance Secretary Imdadullah Bosal told parliament that no legal […]
Ministry of finance sets june 10 for budget presentation in national assembly
Pakistan’s federal budget for the upcoming fiscal year 2025-26 will be formally presented in the National Assembly on June 10, confirmed a spokesperson for the Ministry of Finance. The Economic Survey of Pakistan, which outlines the economic performance and key indicators for the outgoing fiscal year, will be released a day earlier on June 9. […]
Pakistan launches first-ever green Sukuk to boost eco-friendly investments
In a major step toward sustainable development, Pakistan has officially launched its first Green Sukuk bonds. The Ministry of Finance announced that the initial issuance will range from 20 to 30 billion rupees. These bonds will be auctioned and aimed at raising funds for environmentally friendly projects across the country. To promote transparency and investor […]