July 14, 2026

Economy

PTI Shadow Budget Proposal: Opposition Demands Salaried Tax Relief and Rs500 Billion Spending Cuts

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 […]

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Sugar Export Proposal Review: Government Evaluates 1.3 Million Ton Surplus Claims Amid Price Hike Fears

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

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FBR Revenue Collection Target: Government Mandates Record Rs14.1 Trillion Goal for Upcoming Fiscal Budget

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

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Trade Deficit Expansion: Massive $35 Billion 11-Month Import Imbalance Strains SBP Forex Buffers

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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Small Traders Tax Scheme: FBR to Launch Simplified Portal for Shopkeepers in FY27 Budget

ISLAMABAD — The Federal Board of Revenue (FBR) has finalized a comprehensive “Small Taxpayers Guidance System” set to be formally rolled out in the upcoming federal budget. Tailored explicitly for small traders and shopkeepers with an annual turnover of up to Rs20 million, the voluntary scheme introduces simplified registration criteria through the IRIS web portal

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Federal Budget FY27 Consultations: PM Shehbaz Meets Corporate Tycoons as NEC Postpones Crucial Assembly

ISLAMABAD — In a major step toward shaping the country’s upcoming fiscal outline, Prime Minister Shehbaz Sharif held high-level consultative sessions with Pakistan’s leading industrial barons—including Mian Muhammad Mansha and Arif Habib—to finalize measures for the Federal Budget FY2026-27, now officially scheduled for presentation on June 10. While the business community strongly pressed for tax

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OICCI Business Confidence Decline: Middle East Conflict Triggers 9-Point Index Drop in Wave 29

KARACHI — The Overseas Investors Chamber of Commerce and Industry (OICCI) has officially released the high-stakes results of its Business Confidence Index (BCI) Survey Wave 29 for Q2 2026. The comprehensive national audit reveals a sudden 9 percentage point drop, dragging overall business sentiment down to a positive 13% compared to 22% in the previous

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Budget 2026-27 Macroeconomic Plan: Government Targets 4% GDP Growth and 2 Million New Jobs

ISLAMABAD — The Annual Plan Coordination Committee (APCC) has finalized its working papers for the upcoming Budget 2026–27 fiscal year, aggressively targeting an economic growth rate of 4.0% and setting an inflation target of 8.2%. Although the country narrowly missed its previous target by closing out the current fiscal year at 3.7% GDP growth, the

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