International Monetary Fund has approved the latest loan review for Pakistan, unlocking approximately $1.2 billion in fresh financing under the ongoing bailout programme, Finance Minister Muhammad Aurangzeb confirmed on Friday.
(more…)Author: Mrs. Anjum Shahnawaz
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Pakistan Drops Petrol Bomb: Fuel Prices Soar Above Rs414 Per Litre
Pakistan has witnessed another devastating fuel price hike after the federal government sharply increased petrol and diesel prices by nearly Rs15 per litre, pushing both products above the alarming Rs414 mark for the first time.
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Sindh braces for severe heatwave as temperatures near 49°C
The Pakistan Meteorological Department on Friday issued a heatwave alert for Sindh, warning that hot to very hot and dry weather conditions are expected to persist across most parts of the province over the next three days.
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Pakistan rejects social media propaganda over UAE deportation claims
Islamabad, May 8, 2026 — Pakistan has strongly rejected reports circulating on social media regarding the alleged targeted deportation of Pakistani nationals from the United Arab Emirates (UAE), calling the claims misleading and part of a malicious propaganda campaign.
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High Fuel Prices Push Weekly Inflation Above 15% in Pakistan
Islamabad, May 8, 2026 – High fuel prices pushed Pakistan’s weekly inflation above 15% on a year-on-year basis, according to the latest data released by the Pakistan Bureau of Statistics on Friday.
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LCCI presents 2026-27 budget proposals to Finance Minister Aurangzeb
The Lahore Chamber of Commerce and Industry presented its budget proposals for the fiscal year 2026-27 to Muhammad Aurangzeb during a meeting focused on economic reforms, industrial revival and export growth.
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MoF expands Treasury Single Account to 66 new entities
ISLAMABAD, May 7, 2026 — The Ministry of Finance (MoF) has expanded the coverage of Pakistan’s Treasury Single Account (TSA) framework by adding 66 new public entities, according to an official circular issued on Thursday.
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Pakistan apex court strikes down tax on deemed property income
ISLAMABAD, May 7, 2026 — Pakistan’s Federal Constitutional Court on Thursday declared the tax on deemed property income unlawful, dismissing appeals filed by the Federal Board of Revenue (FBR) and striking down Section 7E of the Income Tax Ordinance, 2001.
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Pakistan and Iran discuss railway cooperation, regional connectivity
ISLAMABAD, May 7, 2026 — Pakistan and Iran on Thursday discussed expanding railway cooperation and strengthening regional connectivity during a meeting between Pakistan’s federal minister for railways and Iranian Ambassador Reza Amiri Moghadam.
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Pakistan Accesses $700m Climate Finance, Eyes Green Bonds: Aurangzeb
ISLAMABAD, May 6, 2026 — Finance Minister Muhammad Aurangzeb said on Wednesday that Pakistan currently has access to around $600 to $700 million in climate finance and is pursuing diversified funding avenues to support climate resilience and energy transition goals.
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