11 h. ago Finance ministry sounds alarm over Rs 5.9 trillion in govt losses

The latest report from the Ministry of Finance shows that losses in more than 15 government-owned companies have crossed Rs 5.9 trillion. The report reveals a sharp increase in losses during the first six months of the last fiscal year. Pension liabilities also rose, reaching Rs 1.7 trillion. These rising losses add significant pressure on […]

Other

55 h. ago Carpet exporters hit by high taxes on inputs, demand urgent support

ISLAMABAD – July 10, 2025: Pakistan’s leading textile and carpet exporters have sounded the alarm over skyrocketing energy costs and the possible imposition of new US tariffs, saying these challenges are pushing their industries toward a crisis. In a meeting held at the Ministry of Commerce, officials from the All Pakistan Textile Mills Association (APTMA) […]

Other

67 h. ago Govt enacts law to regulate VAs, plans pilot for digital currency

Pakistan has formally enacted its first law to regulate virtual assets, establishing a federal authority to license and oversee crypto-related businesses, the finance ministry said on Wednesday, as the country joins a growing list of nations adopting formal oversight of blockchain-based finance. The Virtual Assets Act, 2025 creates the Pakistan Virtual Asset Regulatory Authority (PVARA), […]

Other

1 week ago PM Shehbaz celebrates historic 42% tax revenue growth, pushes for digital reforms

ISLAMABAD – Prime Minister Shehbaz Sharif on Wednesday lauded the Ministry of Finance and the Federal Board of Revenue (FBR) for achieving a record 42% rise in federal tax revenue during FY 2024–25 — the highest in a decade. While chairing a high-level meeting to review FBR’s digitization and reform progress, the prime minister was […]

Other

2 w. ago SOE losses hit Rs1.9 billion daily, govt warned of urgent reforms

ISLAMABAD – Pakistan’s state-owned enterprises (SOEs) are losing nearly Rs1.9 billion every day, with total accumulated losses now reaching Rs5.8 trillion, sparking alarm within the federal government. In a recent meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs), chaired by Finance Minister Muhammad Aurangzeb, officials presented a bleak report covering July to December 2024. […]

Other

2 w. ago SOE losses, pension liabilities cross Rs7.5 trillion, exceeding defence and development budgets

ISLAMABAD – Pakistan’s state-owned enterprises (SOEs) continue to bleed financially, with total accumulated losses and unfunded pension liabilities now crossing Rs7.5 trillion. This amount is nearly three times the defence budget and over seven times the national development budget for the current fiscal year. The Ministry of Finance revealed these alarming figures during a meeting […]

Other

2 w. ago ECC approves supplementary grants and new gas prices in key economic meeting

ISLAMABAD – The Economic Coordination Committee (ECC) approved several technical supplementary grants for different ministries during a meeting chaired by Finance Minister Muhammad Aurangzeb. These grants are part of the budget for the 2024–25 financial year. The committee approved Rs 15.8 billion for the Ministry of Defence. Another Rs 6.3 crore was approved for rent […]

Other

2 w. ago Banking Sector Backs Federal Budget 2025–26 to Drive Inclusive Growth and Economic Stability

  Karachi, June 2025 — As a key partner in Pakistan’s economic development, the banking sector—under the aegis of the Pakistan Banks Association (PBA)—continues to play a vital role in supporting national priorities and advancing structural reforms. In close coordination with the Ministry of Finance (MoF), the State Bank of Pakistan (SBP) and other partners across […]

Other

3 w. ago Exporters sound alarm over budget shocks, demand urgent fix from PM

Pakistan’s leading export groups have raised serious concerns over the recent budget changes. They say these changes will damage the country’s $11 billion value-added export sector. The sector includes garments, sports goods, and leather products. It contributes about one-third of national exports and is already under pressure from rising costs. The exporters demanded an urgent […]

Other

3 w. 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 […]

Other

4 w. 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 […]

Other

last month Solar panel prices surge as 18% import tax looms, traders and PSA sound alarm

  Solar panel prices have jumped sharply across Pakistan ahead of a proposed 18% sales tax on imports, expected from July 1, 2025. Though the tax is still pending formal approval, many sellers have already raised prices. This early increase has shocked consumers and stirred tension in the market. Some buyers are walking away after […]

Other