ISLAMABAD: The International Monetary Fund has set Pakistan’s federal revenue target for fiscal 2027 at Rs17.145 trillion — a 13.5% increase from the current year — backed by Rs430 billion in fresh budgetary and administrative measures and an 18% rise in the petroleum levy, according to its staff report on the completion of the third review under the $7 billion Extended Fund Facility and the second review under the $1.4 billion Resilience and Sustainability Facility.
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Pakistan cuts petrol, diesel prices by Rs5 a liter effective Saturday
ISLAMABAD: The government reduced retail prices of petrol and high-speed diesel by 5 rupees a liter, the Petroleum Division said in a notification issued late on Friday.
SBP sees record remittances topping $41 billion this year despite export slip
KARACHI: The central bank expects workers’ remittances to exceed a record $41 billion in the fiscal year ending June 2026, Governor Jameel Ahmad said on Friday, even as exports weaken and global uncertainty clouds the outlook.
ADB and AIIB help Pakistan sell debut Panda bond to fund green infrastructure
KARACHI: The Asian Development Bank and the Asian Infrastructure Investment Bank joined forces to back Pakistan’s inaugural sale of a yuan-denominated Panda bond, providing fresh financing for the country’s Sustainable and Green Infrastructure Project, the ADB said on Friday.
FM Aurangzeb says Panda bond opens sustainable funding platform for Pakistan
ISLAMABAD: Pakistan completed its first-ever Panda bond issuance in China’s onshore capital market, raising CNY 1.75 billion ($250 million) in a deal that was oversubscribed and drew strong demand from Chinese investors.
Security forces repel militant assault on army camp in northwest, killing 9 attackers as 4 soldiers martyred – report
ISLAMABAD: Security forces killed nine militants and turned back a coordinated nighttime attack on an army camp in the Bajaur district of Khyber Pakhtunkhwa province, authorities said Friday, in the latest sign of intensifying militant activity across the country’s northwest.
Pakistan repatriates 11 nationals and 20 Iranians from US-seized vessels near Singapore
ISLAMABAD: Pakistan said on Friday it had secured the safe repatriation of 11 Pakistani nationals and 20 Iranians who had been aboard vessels seized by the United States on the high seas near Singaporean waters, the latest development in a months-long naval confrontation that has disrupted global shipping and drawn in third countries as reluctant participants.
Senate clash lays bare deepening divide over imprisoned ex-leader Imran Khan’s health
ISLAMABAD: The Senate on Friday descended into a pointed war of words over the health of imprisoned former prime minister Imran Khan and the treatment of his party’s political prisoners, with opposition senators demanding the creation of an independent committee to inspect the jails and the government insisting that any relief must come through the courts.
Police say arrested woman’s narcotics operation spanned cities, involved foreign contacts and possible official protection
KARACHI: Authorities are investigating what senior police officials said a sophisticated, multi-city cocaine and narcotics trafficking operation that may extend beyond Pakistan’s borders, centered on a woman arrested this week in Karachi whom they have long suspected of running a major drug distribution ring.
Pakistan to publish redacted civil servant asset declarations to meet IMF benchmarks
ISLAMABAD: The government said on Thursday it will make asset declarations filed by civil servants publicly accessible in redacted form, fulfilling a key governance commitment under its International Monetary Fund program while balancing transparency with personal privacy.