ISLAMABAD — The federal government has officially postponed the presentation of the FY2026-27 federal budget from June 10 to Friday, June 12, 2026. Parliamentary Affairs Minister Tariq Fazal Chaudhry confirmed that summaries to convene the formal assembly have been sent to the Presidency. The delay exposes a grueling backdoor political deadlock as the federal government, […]
LAHORE / ISLAMABAD — Serious concerns have rippled through the energy sector following the government’s proposal to allocate only Rs179 billion for water and hydropower projects in the upcoming Public Sector Development Programme (PSDP) for FY2026-27. Senior WAPDA officials have warned that the sector requires a bare minimum of Rs500 billion to maintain momentum. This
ISLAMABAD — Amid local media reports highlighting deep structural differences between political allies over taxation policies, President Asif Ali Zardari and Prime Minister Shehbaz Sharif held a pivotal consultative session at the PM House last night. President Zardari strongly stressed the need to harmonize macroeconomic growth targets with public welfare schemes and provincial development funds
ISLAMABAD — The Federal Board of Revenue (FBR) is set to undergo its most aggressive transformation yet, with the upcoming Finance Bill 2026 mapping out nearly Rs1 trillion in new policy and enforcement measures. According to senior ministry sources, the FBR will legally transition into a completely “Faceless Entity” starting October 1, 2026, to eliminate
ISLAMABAD — Shifting away from its previous policy of total non-engagement, the opposition party, Pakistan Tehreek-e-Insaf (PTI), has officially released its alternative economic proposals for the FY2026-27 budget cycle. The shadow economic framework demands a sweeping overhaul of current fiscal plans, urging the government to double the minimum taxable income threshold for salaried individuals from
ISLAMABAD — As final layout frameworks for the Federal Budget FY2026-27 are synchronized for June 10, the Finance Division has proposed a 10% to 15% salary increase for government employees (BPS 1-22) alongside a proportional bump in pensions. Designed to cushion the public sector workforce against high cost-of-living standards, the measure is being balanced against
ISLAMABAD — The Ministry of Commerce and the Deputy PM office are officially reviewing a renewed proposal from the Pakistan Sugar Mills Association (PSMA) to allow the export of 1.3 million metric tons of surplus sugar. While the millers argue that international shipments are vital to clear pending dues owed to sugarcane growers and bring
ISLAMABAD — As final structural frameworks for the Federal Budget are locked in, the government has set an ambitious tax collection target for the Federal Board of Revenue (FBR) at Rs14,131 billion, representing a steep 9% scaling from last year’s target. To bridge fiscal gaps and curb tax leakage without over-burdening regular documented segments, Finance
ISLAMABAD / DUSHANBE — Moving closer to stabilizing regional power connectivity, Pakistan and Tajikistan have officially agreed to call a high-level Joint Working Group session in Istanbul later this month to iron out remaining commercial terms for the Central Asia-South Asia (CASA-1000) electricity transmission project. The breakthrough consensus was reached at the conclusion of the
KARACHI — Despite the State Bank of Pakistan (SBP) inching closer to its fiscal year foreign exchange reserve target of $18 billion, a surging trade deficit is threatening to erase recent remittance gains. Fresh financial data reveals that Pakistan’s trade deficit for the first 11 months of FY2025-26 has climbed by 17.48% to reach an
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