ISLAMABAD: Pakistan’s energy regulator raised the price of regasified liquefied natural gas by roughly 15% for June, as the country’s two state-linked gas utilities were forced into costlier spot-market purchases after the war between the US and Iran disrupted contracted supplies from Qatar, Dawn newspaper reported on Monday.
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Pakistan trims petrol, diesel prices, but levy changes limit the benefit
KARACHI: The government lowered gasoline and diesel prices for the first time in roughly three weeks, passing on part of the recent decline in global crude costs to motorists while a simultaneous tax increase curbed the size of the relief.
SBP chief sees growth beating government estimate
KARACHI: Pakistan’s economy is poised to grow faster than the government’s own estimate for the past fiscal year, the central bank governor said, pointing to a buildup in foreign-currency reserves and a jump in remittances that have helped stabilise the country’s finances after years of crisis.
SBP forecasts $44 bln in worker remittances, reserves above $20 bln by December
KARACHI: Pakistan’s central bank expects remittances from overseas workers to reach a record $44 billion in the fiscal year that began on July 1, while forecasting its foreign exchange reserves will exceed $20.2 billion by the end of December, Governor Jameel Ahmad said on Friday.”
Pakistan’s trade deficit widens 21.6 percent to $39.47bln in FY26, missing export target by $5.2bln
ISLAMABAD: Pakistan’s trade deficit widened by 21.57% to $39.471 billion in the fiscal year that ended in June, as exports fell and imports climbed, official data showed on Thursday, missing the government’s export target by more than $5 billion and adding fresh strain to the country’s external finances.
World Bank flags gaps in Pakistan’s fiscal federalism, urges tax and transfer overhaul
ISLAMABAD: Pakistan has made meaningful progress toward decentralising fiscal power to its provinces since 2010 but continues to deviate from international norms in critical areas, including the formula used to divide tax revenue between the federal government and the provinces, the World Bank said in a report published on Tuesday.
FBR tops revised tax target with record Rs13 trillion in FY26 collections
ISLAMABAD: The tax authority collected more than 13 trillion rupees ($46 billion) in the fiscal year that ended on Tuesday, surpassing a downwardly revised target and clearing a benchmark set by the International Monetary Fund, the Federal Board of Revenue said.
Inflation seen easing in June as oil prices retreat, core pressures persist
KARACHI: Pakistan’s annual inflation rate is expected to moderate slightly in June, as falling global oil prices following a partial reopening of the Strait of Hormuz offset persistent increases in food costs, according to forecasts from two of the country’s leading brokerages released this week.
Pakistan hands PIA management to Arif Habib-led consortium in landmark privatization
ISLAMABAD: Pakistan formally handed over management control of its loss-making national carrier to a private consortium on Monday, marking the most significant privatisation in the country’s history and ending years of attempts to offload the debt-laden airline.
Pakistan eyes Iranian crude as US sanctions waiver opens supply window
LAHORE: Pakistan is weighing the purchase of discounted Iranian crude oil and gas following the easing of US sanctions on Tehran under a landmark ceasefire agreement brokered by Islamabad, Petroleum Minister Ali Pervaiz Malik said on Sunday.