48 h. ago Pakistan’s IT exports see first dip in 19 months despite strong annual growth

Pakistan’s IT exports slightly dropped by 1% year-on-year in May 2025, reaching $329 million. This marks the first yearly decline in 19 months. However, exports rose 4% month-on-month, crossing the 12-month average of $314 million. The daily average in May was $16.5 million, higher than April’s $15.9 million. Despite the dip, exports showed steady performance […]

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3 d. ago Petrol, diesel prices surge after budget; govt adds new carbon levy

ISLAMABAD – Just days after announcing the federal budget, the government has increased petrol and diesel prices, further burdening the public amid rising inflation. According to the Ministry of Finance, the price of petrol has gone up by Rs4.80 per litre, while high-speed diesel has seen an even sharper hike of Rs7.95 per litre. With […]

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5 d. ago Govt unveils Rs2.42 trillion circular debt plan, tariff changes await NEPRA nod

The Power Division has shared its plan with the National Assembly to tackle the massive Rs2.42 trillion circular debt in the energy sector. Minister Awais Leghari confirmed the strategy is part of the Circular Debt Management Plan, backed by the Ministry of Energy, Ministry of Finance, and a task force. He added that Rs1.2 trillion […]

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8 d. ago Pakistan’s remittances jump to $3.68bn in may, on track for record $38bn in FY25

Remittances to Pakistan rose sharply to $3.68 billion in May 2025, marking a 16% increase from April and a 13.67% rise year-on-year, according to the State Bank of Pakistan. This strong growth continues the upward trend in remittance inflows. It also plays a key role in strengthening Pakistan’s foreign reserves and supporting the economy. From […]

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9 d. ago Pakistan posts $1.9 billion current account surplus, boosted by remittances and IT exports

In a rare economic turnaround, Pakistan recorded a $1.9 billion current account surplus during July-April FY2025. This marks a sharp contrast to the $1.3 billion deficit in the same period last year. The Ministry of Finance described this as a “historic achievement”, last seen only in 2003 when the surplus hit $4.1 billion. Finance Minister […]

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9 d. ago Tax exemptions soar to record Rs5.8 trillion despite withdrawals: Economic survey 2025

ISLAMABAD – In a shocking revelation, the government reported a massive rise in tax exemption costs, reaching Rs5.8 trillion this year. This marks a record increase of Rs2 trillion in just the first year of the current government’s tenure. The data was released in the Economic Survey 2025, presented by Finance Minister Muhammad Aurangzeb. Surprisingly, […]

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9 d. ago Pakistan spends less than 1% of GDP on education and health, reveals economic survey

ISLAMABAD – Pakistan spent less than one percent of its GDP on education and health during the fiscal year 2024–25, according to the latest Economic Survey released on Monday. This low investment in critical sectors has raised concerns among experts about the country’s long-term development and human capital. The report states that only 0.8% of […]

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9 d. ago Pakistan’s IT sector booms with record growth in exports and innovation

ISLAMABAD – Pakistan’s Information Technology (IT) sector has emerged as the fastest-growing part of the national economy, according to the National Economic Survey 2024–25 released on Monday. The report highlights impressive growth across exports, freelancing, and tech innovation. IT exports jumped by 23.7% during the fiscal year, reaching $2.825 billion. In March 2025 alone, exports […]

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2 w. ago Government raises petrol price by Rs1 per litre, keeps diesel rate unchanged

The federal government has increased the price of petrol by Rs1 per litre, effective from midnight today (May 31, 2025). However, high-speed diesel (HSD) will continue to be sold at its existing price. The Ministry of Finance issued the official notification, stating that the revision follows routine fortnightly fuel pricing adjustments. With the hike, the […]

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2 w. ago Tariff talks begin: Pakistan and US aim to avert trade fallout

ISLAMABAD, May 30, 2025 — Pakistan and the United States have officially started negotiations on bilateral tariffs, aiming to reduce trade tensions and strengthen economic ties. The Ministry of Finance announced the development in a press release issued on Thursday. The talks were held via teleconference between Pakistan’s Federal Finance Minister Muhammad Aurangzeb and the […]

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2 w. ago Minor cut in petrol, diesel prices likely from june 1, but some fuels may get costlier

Fuel prices in Pakistan may slightly change from June 1. Petrol and high-speed diesel are expected to see small reductions. Petrol might go down by Rs0.60 per litre, while diesel may fall by Rs0.28 per litre. However, these are early estimates. The final rates will depend on the finance ministry’s input before the new fortnight […]

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2 w. ago SBP, finance ministry say crypto is illegal—despite govt promotion

ISLAMABAD: Pakistan’s top financial authorities have confirmed that cryptocurrency is still illegal in the country. This comes even as the government promotes digital assets like Bitcoin. The State Bank of Pakistan (SBP) and the Ministry of Finance both said crypto transactions remain banned under current laws. Finance Secretary Imdadullah Bosal told parliament that no legal […]

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2 w. ago Finance ministry releases economic outlook: Tax revenue and exports see strong growth

ISLAMABAD: The Finance Ministry of Pakistan has released its latest Economic Outlook Report, showing notable improvements in tax collection, exports, and inflation control. According to the report, the government collected 36.7% more tax revenue compared to the previous year, indicating a stronger grip on fiscal management. The report highlights a significant drop in inflation, which […]

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3 w. ago Finance ministry proposes 20% budget hike for BISP to support 10 million families

The Finance Ministry has proposed a 20% increase in the Benazir Income Support Programme (BISP) budget for the fiscal year 2025-26. If approved, the allocation will rise from Rs592.48 billion to Rs716 billion. This boost aims to raise quarterly cash transfers and maintain support for 10 million low-income households across Pakistan. Starting January 2026, quarterly […]

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3 w. ago Govt allocates 2,000MW to power AI and bitcoin mining in digital breakthrough

ISLAMABAD – In a bold step toward digital transformation, the Government of Pakistan has allocated 2,000 megawatts (MW) of electricity to support Bitcoin mining and Artificial Intelligence (AI) data centers. This marks the first phase of a major national strategy led by the Pakistan Crypto Council (PCC), under the Ministry of Finance. Finance Minister Muhammad […]

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3 w. ago Ministry of finance sets june 10 for budget presentation in national assembly

Pakistan’s federal budget for the upcoming fiscal year 2025-26 will be formally presented in the National Assembly on June 10, confirmed a spokesperson for the Ministry of Finance. The Economic Survey of Pakistan, which outlines the economic performance and key indicators for the outgoing fiscal year, will be released a day earlier on June 9. […]

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4 w. ago Govt sets up Pakistan digital assets authority to oversee crypto & web3

ISLAMABAD: Pakistan has decided to create a Digital Assets Regulatory Authority to manage and supervise digital financial markets such as cryptocurrencies, DeFi (decentralized finance) platforms, stablecoins, and tokenized assets, all under a unified legal framework. The Ministry of Finance announced that the new body, called the Pakistan Digital Assets Authority (PDAA), will aim to bring […]

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last month The steel sector has presented proposals to increase sales tax collection

The Pakistan Steel Melters Association has proposed to the Ministry of Finance to impose a fixed sales tax in the steel sector based on the units of electricity consumed. This, they argue, will not only lead to a significant increase in collection but will also identify electricity and tax-evading furnaces. The Chairman of the Association, […]

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