Islamabad, June 23, 2025 – Amid rising regional tensions following the Iran-Israel conflict, the Government of Pakistan has assured the public that the country possesses ample reserves of petroleum products and there is no threat of shortage.
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Pakistan enforces new CNIC rules to enhance identity transparency
Islamabad, June 20, 2025 – In a landmark move to modernize its identity management infrastructure, Pakistan has officially enforced new rules governing the issuance and regulation of the Computerized National Identity Card (CNIC), aimed at ensuring enhanced transparency, security, and efficiency across the national database.
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ICMAP suggests 90-day oil reserves amid Iran-Israel conflict
Karachi, June 20, 2025 – The Institute of Cost and Management Accountants of Pakistan (ICMAP) has urged the government to build up 90-day oil reserves as a strategic response to the ongoing Iran-Israel conflict, which has triggered serious concerns about regional energy security and economic stability.
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Pakistan pays $15 million for Indian imports amid May tensions
Karachi, June 19, 2025 – Despite heightened geopolitical tensions in May 2025, Pakistan recorded $15.05 million in imports from India, according to data released by the State Bank of Pakistan (SBP). This figure represents a decline from $20 million in April 2025 and $17 million in May 2024.
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Pakistan confirms adequate petroleum stocks amid ME tensions
Islamabad, June 16, 2025 – Pakistan has confirmed that it currently possesses sufficient stocks of petroleum products and faces no immediate risk of supply disruption, despite escalating geopolitical tensions in the Middle East (ME).
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Pakistan set to announce petroleum prices amid ME tensions
Karachi, June 15, 2025 – The government of Pakistan is expected to announce revised petroleum prices today for the second half of June 2025, with a likely increase due to rising global oil rates triggered by escalating tensions in the Middle East.
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FBR launches probe into foreign assets of former SBP governor
Karachi, June 13, 2025 – In a dramatic and high-stakes development, the Federal Board of Revenue (FBR) has initiated a sweeping investigation into the foreign assets of a former governor of the State Bank of Pakistan (SBP) — a figure who once held one of the most powerful economic positions in the country.
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Government gains power to impose unlimited petroleum levy
Islamabad, June 12, 2025 – Brace yourselves, Pakistan! A storm is brewing at the fuel pump as the government has now armed itself with unrestricted power to impose unlimited petroleum levy on fuel products.
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Pakistan increases defence budget to Rs2.56 trillion for FY2025-26
Pakistan has announced a significant increase in its defence budget, allocating Rs2.56 trillion for the fiscal year 2025–26. This marks a 20.2% rise compared to last year’s allocation and underlines the government’s ongoing emphasis on national security. The new budget represents 14.49% of the total national budget outlay of Rs17.65 trillion.
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Aurangzeb presents Rs17.57tr growth-oriented 2025-26 budget
Islamabad, June 10, 2025 – In a pivotal session of the National Assembly on Tuesday, Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, presented the much-anticipated federal budget for the fiscal year 2025–26.
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