ISLAMABAD: Pakistan has once again extended its ban on Indian aircraft entering its airspace, aviation officials said on Saturday, keeping in place a restriction that has now stretched, with monthly renewals, across more than a year of strained relations between the two nuclear-armed neighbours.
top-economy
Diesel surges nearly 10 percent as daily fuel pricing takes effect
ISLAMABAD: Pakistan raised diesel prices by 9.6% and pushed up petrol rates, as the government abandoned weekly fuel price reviews in favor of daily adjustments to keep pace with volatile international markets following renewed conflict between Iran and the US.
Govt hands fuel pricing to Ogra for daily revisions
ISLAMABAD: Pakistan will begin adjusting petrol and diesel prices every day instead of on its traditional fortnightly schedule, as the government moves to pass through international market swings tied to the widening conflict between Iran and the United States, Petroleum Minister Ali Pervaiz Malik said on Friday.
Imports outrun record remittances as Pakistan’s current account slips into deficit in FY26
KARACHI: Pakistan’s current account swung to a deficit in the fiscal year through June, as a jump in imports overwhelmed record remittance inflows and left exports essentially unchanged, threatening to complicate the central bank’s path toward further interest-rate cuts.
EU says Pakistan regressed on human rights, warns GSP+ access hinges on reforms
ISLAMABAD: The European Union said on Thursday that Pakistan had regressed in several areas of human rights over the past two years despite a series of legislative reforms, and warned that Islamabad must address the shortcomings to retain preferential access to European markets under a revised trade scheme due to take effect in 2027.
Pakistan’s energy squeeze widens as priciest LNG buy meets fuel, gas warnings
KARACHI: Pakistan’s energy sector is confronting simultaneous pressures on multiple fronts, as the country secured its costliest spot liquefied natural gas cargo since February even as two sanctioned tankers carrying Iranian crude signalled Pakistani waters as a destination, and industry groups warned of imminent petrol and propane shortages.
FM Aurangzeb says Pakistan’s provincial funding formula is unsustainable
ISLAMABAD: Finance minister said the government must overhaul the formula that determines how the country distributes federal tax revenue among its four provinces, arguing that a system weighted overwhelmingly toward population size has become untenable as the nation grapples with one of the world’s fastest-growing populations.
Small retailers get simplified tax route under new FBR draft
ISLAMABAD: Pakistan’s tax authority unveiled a draft scheme on Tuesday that would let small shopkeepers pay a flat 1% levy on turnover in exchange for freedom from routine audits and digital invoicing requirements, the latest attempt by the government to widen a tax base that has long relied on a narrow slice of compliant filers.
Pakistan stocks post steepest drop in months as Hormuz blockade returns
KARACHI: Pakistani stocks suffered their sharpest one-day selloff in months on Tuesday, as investors dumped equities across the board after US President Donald Trump reinstated a US naval blockade of Iran and floated a 20% toll on cargo passing through the Strait of Hormuz, one of the world’s most critical energy corridors.
Pakistan car sales accelerate as buyers rush to beat budget tax rises
KARACHI: Pakistan’s automotive industry closed the 2026 financial year with its strongest performance in years, as falling interest rates, a raft of new model launches and a late rush of pre-budget buying combined to lift sales across almost every category of vehicle.