Islamabad — Federal Minister for Finance and Revenue Aurangzeb met the International Monetary Fund (IMF) review mission on Monday, marking the start of the third review under Pakistan’s Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF).
(more…)Author: Mrs. Anjum Shahnawaz
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PM Shehbaz forms high-level committee to monitor global oil prices amid Middle East conflict
Islamabad, March 2, 2026 – Prime Minister Shehbaz Sharif has constituted an 18-member high-level committee to monitor the impact of rising international oil prices on Pakistan’s economy following the US-Israel attack on Iran.
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Pakistan’s headline inflation climbs to 7% in February 2026
Islamabad, March 2, 2026 – Pakistan’s headline inflation surged to 7% in February 2026, marking a significant rise compared to both last month and the same period last year, according to the Pakistan Bureau of Statistics (PBS). The increase reflects continued pressure on consumer prices amid rising costs across food, energy, and other essential commodities.
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Islamabad Weather Update for March 3: Partly Cloudy with Gusty Winds
Islamabad, March 2, 2026 – The Pakistan Meteorological Department (PMD) has issued the latest weather forecast for Islamabad and surrounding areas for Tuesday, March 3, 2026, predicting dry conditions, partly cloudy skies, and gusty winds during the afternoon hours.
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PM Shehbaz chairs high-level meeting to review regional security
Islamabad, March 1, 2026: Prime Minister Muhammad Shehbaz Sharif on Sunday chaired a high-level meeting to review the evolving regional situation, Pakistan’s internal security environment, and measures to ensure the safe evacuation of Pakistani citizens from Iran amid rising tensions in the region.
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Islamabad closes all routes to Red Zone amid heightened security alert
Islamabad, March 1, 2026: The Islamabad Traffic Police (ITP) on Sunday announced the complete closure of all routes leading to the Red Zone due to heightened security measures. Commuters have been advised to avoid travelling in the area until further notice.
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Pakistan corporates push IMF to axe super tax, boost business growth
Islamabad: Leading corporate bodies of Pakistan have urged the International Monetary Fund (IMF) to help abolish the super tax, reduce corporate tax in a phased manner, and rationalize advance and withholding taxes to ease the burden on compliant businesses and revive economic growth.
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At least nine killed in violent clashes at US Consulate in Karachi
Karachi, March 1, 2026: At least nine people were killed and more than 18 others injured on Sunday after violent clashes erupted between police and protesters outside the United States Consulate in Karachi, following demonstrations against recent US and Israeli strikes that reportedly martyred Iran’s Supreme Leader, Ayatollah Ali Khamenei.
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OGRA orders adequate petroleum stocks amid escalating Middle East conflict
Islamabad, March 1, 2026 — The Oil and Gas Regulatory Authority (OGRA) has directed all oil sector stakeholders to ensure sufficient stocks of petroleum products across Pakistan amid escalating geopolitical tensions in the Middle East following fresh military strikes involving Israel, the United States, and Iran.
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FBR faces Rs430bn tax shortfall in 8MFY26 as IMF review looms
Islamabad, March 1, 2026 — Pakistan’s Federal Board of Revenue (FBR) has recorded a massive Rs430 billion shortfall in tax collection during the first eight months (July–February) of fiscal year 2025-26 (8MFY26), raising serious concerns ahead of the ongoing review talks with the International Monetary Fund (IMF).
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