Karachi, December 17, 2025: The State Bank of Pakistan (SBP) reported on Wednesday that the country’s current account deficit widened to $812 million during the first five months (July–November) of the fiscal year 2025-26, compared to a surplus of $503 million in the same period last year.
(more…)Category: Pakistan
-
Pakistan and Russia in talks over potential oil sector agreement: Aurangzeb
Islamabad, December 16, 2025 — Pakistan and Russia are engaged in discussions for a potential oil-sector agreement, Finance Minister Muhammad Aurangzeb confirmed in an interview with RIA News Agency on Tuesday.
(more…) -
Pakistan slashes diesel price by Rs14 per liter, keeps petrol unchanged
Islamabad, December 15, 2025 — The federal government on Monday announced a significant reduction in the price of high-speed diesel (HSD) by Rs14 per liter while maintaining the petrol price unchanged for the second half of December 2025, offering relief to transporters and key economic sectors amid easing global oil trends.
(more…) -
PM Shehbaz orders acceleration of power sector privatization
Islamabad, December 15, 2025 – Prime Minister Muhammad Shehbaz Sharif on Monday directed authorities to fast-track the privatization of Pakistan’s power distribution companies (DISCOs) and generation companies (GENCOs) to establish a competitive and sustainable electricity market.
(more…) -
How Many Taxpayers Netted? IMF Asks FBR for Monthly Tax Net Report
Islamabad, December 14, 2025 — The International Monetary Fund (IMF) has directed Pakistan’s Federal Board of Revenue (FBR) to submit detailed monthly reports on new taxpayers added to the tax net, strengthening oversight under the ongoing IMF-supported economic program.
(more…) -
Pakistan emerges from economic crisis: PM Shehbaz Sharif
Islamabad, December 13, 2025 — Prime Minister Muhammad Shehbaz Sharif on Saturday said Pakistan has successfully emerged from a severe economic crisis, crediting the relentless efforts of the current government and its economic team for stabilizing key macroeconomic indicators.
(more…) -
World Bank approves $400 million to boost water and sanitation services in Punjab
Islamabad, December 12, 2025 – The World Bank has approved $400 million in financing for a major new initiative aimed at expanding access to safe drinking water, sanitation, and hygiene services across Punjab. The project, known as the Punjab Inclusive Cities Program (PICP), will also strengthen the financial and institutional capacity of local urban administrations in 16 secondary cities.
(more…) -
Tax hike alert: Pakistan assures IMF of new measures to address revenue shortfall
Islamabad, December 12, 2025 – Pakistan has assured the International Monetary Fund (IMF) that it will introduce new tax measures if revenues fall short during the fiscal year 2025–26. The commitment was outlined in the Letter of Intent (LoI) signed by Finance Minister Muhammad Aurangzeb and State Bank of Pakistan Governor Jameel Ahmad, included in the IMF’s latest country report released on December 11.
(more…) -
OGDCL confirms first oil and gas discovery in Nashpa Block
Karachi, December 10, 2025 – The Oil and Gas Development Company Limited (OGDCL) announced a significant breakthrough on Wednesday, reporting its first-ever oil and gas discovery from the Kingriali Formation within the Nashpa Block. The development marks an important milestone in Pakistan’s energy exploration efforts.
(more…) -
IMF Executive Board Approves $1.29 Billion Package for Pakistan
December 8, 2025 – The International Monetary Fund (IMF) Executive Board has approved a $1.29 billion disbursement for Pakistan, marking a major milestone in the country’s ongoing economic stabilization efforts.
(more…)