Government pushes budget presentation date again as consultations with coalition partners and IMF continue
ISLAMABAD: The federal government has once again postponed the presentation of the federal budget for fiscal year 2026-27, with the new date now set for June 12, according to Parliamentary Affairs Minister Tariq Fazal Chaudhry.
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Government moves ahead with privatisation of IESCO, GEPCO and FESCO to reduce losses from state-owned enterprises.
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday directed relevant authorities to expedite the privatisation process of electricity distribution companies (DISCOs), reaffirming the government’s commitment to offloading loss-making State-Owned Enterprises (SOEs).
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Increased levy on petrol limits consumer benefit despite Rs4 per litre reduction in ex-depot prices, while kerosene rates rise sharply.
The federal government has effectively denied consumers full relief from lower fuel prices by significantly increasing the petroleum levy on petrol, despite announcing a reduction in the ex-depot price for the coming week.
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The federal government has reduced the price of petrol by Rs4 per litre for the coming week, while keeping the price of high-speed diesel (HSD) unchanged.
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The Sensitive Price Indicator (SPI)-based weekly inflation showed mixed movement during the week ended June 4, 2026, according to the Pakistan Bureau of Statistics (PBS). The data reflects ongoing volatility in essential commodity prices across urban markets, highlighting uneven inflationary pressures affecting households.
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Saudi investors express interest in ports, energy, IT and infrastructure projects during high-level meeting in Islamabad
Prime Minister Shehbaz Sharif on Thursday reaffirmed Pakistan’s commitment to deepening economic cooperation with Saudi Arabia, saying the government was focused on transforming longstanding bilateral ties into a broad-based and mutually beneficial economic partnership.
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Economic Survey to be released on June 9 ahead of federal budget presentation in National Assembly on June 10
Finance Minister Senator Muhammad Aurangzeb will present the Pakistan Economic Survey 2025-26 on June 9, a day before unveiling the federal budget for fiscal year 2026-27, according to an announcement made on Thursday.
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PM directs tariff reforms, institutional modernization and AI adoption to support export-led growth under NTP 2025–30
ISLAMABAD, June 4, 2026 — Prime Minister Shehbaz Sharif on Thursday directed authorities to ensure swift and effective implementation of the National Tariff Policy (NTP) 2025–30, emphasizing reforms aimed at facilitating investment, trade and industrial development.
(more…)Higher fuel prices and petroleum levy push transport and industrial demand lower, though full-year sales remain slightly positive
Petroleum product sales in Pakistan declined 23% year-on-year in May 2026, reflecting the impact of higher fuel prices and reduced consumption across key economic sectors, industry data showed.
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PM directs ministries to adopt modern technologies, boost industrial output and expand exports under wide-ranging economic reform agenda
Prime Minister Muhammad Shehbaz Sharif has instructed all federal ministries to engage industry experts and technology specialists to support the integration of modern technologies into key sectors of the economy, as part of broader efforts to boost investment and accelerate industrial growth.
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