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.
(more…)Category: Pakistan
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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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Pakistan records 2024 as ninth warmest year in 64 years
Islamabad, June 9, 2025 – According to the Economic Survey of Pakistan 2024–25 released on Monday, Pakistan officially recorded the year 2024 as the ninth warmest year in the past 64 years.
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Agriculture sector share rises to 23.54% of GDP in FY25
Islamabad, June 9, 2025 – The Economic Survey of Pakistan 2024-25 has reported that the agriculture sector contributed 23.54% to the country’s Gross Domestic Product (GDP), reflecting its continued structural significance.
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Aurangzeb highlights achievements in Economic Survey 2024-25
Islamabad, June 9, 2025 – Finance Minister Mohammad Aurangzeb officially launched the Economic Survey for the fiscal year 2024-25, sharing encouraging news of a 2.68% GDP growth and a significant drop in inflation.
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Senators question legitimacy of Pakistan Crypto Council
Islamabad, June 2, 2025 – The legitimacy of the recently established Pakistan Crypto Council came under scrutiny during a meeting of the Senate Standing Committee on Information Technology, as several lawmakers expressed reservations about the Council’s legal standing and procedural transparency.
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Plan Your Eid-ul-Adha 2025: Pakistan Declares Public Holidays
Islamabad, June 2, 2025 – The federal government of Pakistan has officially announced the Eid-ul-Adha holidays, confirming a four-day break for citizens across the country.
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Pakistan’s headline inflation surges to 3.5% in May 2025
Islamabad, June 2, 2025 – Headline inflation in Pakistan witnessed a notable rise in May 2025, reaching 3.5% year-on-year (YoY) as reported by the Pakistan Bureau of Statistics (PBS) on Monday.
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