Islamabad, February 27, 2026 – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on Friday approved the revised features of the “Mera Ghar Mera Aashiana (MGMA)” – Mortgage Financing for Low-Cost Housing Scheme, while chairing a meeting of the Economic Coordination Committee (ECC) of the Cabinet. The committee also sanctioned major infrastructural and development-related grants to support housing, agriculture, and energy sectors.
(more…)Category: Pakistan
-
Pakistan awards 11 oil and gas blocks, attracts Rs8.66 billion investment
Islamabad, February 26, 2026 – The Government of Pakistan has taken a major step to boost domestic energy production by awarding 11 onshore oil and gas blocks to leading national companies, securing a minimum committed investment of Rs8.66 billion (USD 31 million) over the next three years.
(more…) -
Cryptocurrency gets green light in Pakistan as Senate panel clears regulatory bill
Islamabad: The Senate Standing Committee on Cabinet Secretariat has approved the Virtual Assets Bill, 2025, paving the way for a comprehensive regulatory framework for cryptocurrencies and virtual asset services in Pakistan.
(more…) -
IMF team arrives in Pakistan, formal EFF talks to begin Monday: Aurangzeb
Islamabad, February 25, 2026 – Finance Minister Muhammad Aurangzeb on Wednesday confirmed that a delegation of the International Monetary Fund (IMF) has arrived in Pakistan, with formal talks on the third review of the Extended Fund Facility (EFF) scheduled to commence from Monday.
(more…) -
PM Shehbaz vows growth, tax reforms, export boost in budget 2026-27
Islamabad, February 25, 2026 – Prime Minister Muhammad Shehbaz Sharif on Wednesday underscored the urgent need to prioritize economic growth, industrial production, exports, and both local and foreign investment in the upcoming federal budget for 2026-27, while calling for a broad-based reduction in indirect taxes to ease the burden on consumers.
(more…) -
Finance Minister Aurangzeb, World Bank team up to drive Pakistan’s reforms
Islamabad, February 25, 2026 — The World Bank (WB) Country Director for Pakistan, Ms. Bolormaa Amgaabazar, met with Finance and Revenue Minister Senator Muhammad Aurangzeb on Wednesday to discuss enhancing collaboration under the World Bank’s Country Partnership Framework (CPF) and advancing Pakistan’s key reform priorities.
(more…) -
Government sets wheat procurement price at Rs3,500 per 40kg
Islamabad, February 22, 2026 – The National Wheat Oversight Committee announced that the illustrative wheat procurement price has been fixed at Rs3,500 per 40 kilograms, with provinces briefed to ensure smooth implementation of procurement operations ahead of the new harvesting season.
(more…) -
Aurangzeb, US Commerce Secretary vow to bolster trade ties
Islamabad, February 21, 2026 – A high-level Pakistani delegation led by Finance and Revenue Minister Muhammad Aurangzeb held talks with Howard A. Lutnick, at the US Department of Commerce in Washington, D.C., to strengthen bilateral trade and investment relations.
(more…) -
IMF review mission to visit Pakistan next week for EFF and RSF talks
Islamabad, February 20, 2026 – The International Monetary Fund (IMF) on Friday welcomed Pakistan’s reform progress, highlighting that policy measures under its Extended Fund Facility (EFF) have helped stabilize the economy and restore market confidence.
(more…) -
Pakistan records sharp weekly inflation increase as Ramazan begins
Karachi, February 20, 2026 – Pakistan has witnessed a sharp rise in weekly inflation for the week ended February 19, 2026, impacting the daily expenses of citizens just as the holy month of Ramazan begins.
(more…)