PIAF Welcomes Rs200b Tariff Relief, Urges Reforms
PIAF appreciates the government's Rs200 billion tariff relief for industry but calls for comprehensive reforms to boost competitiveness and exports.
Category : Economic Policy
Pakistan's Rs17.1 trillion FY27 budget targets 4.1% growth
Pakistan's federal government proposed a Rs17.1 trillion budget for FY27, targeting 4.1% GDP growth and 8.4% inflation. Defence spending set at Rs2,665 billion, with tax revenue target of Rs15,267 billion.
Diplomatic Wins Can't Mask Pakistan's Domestic Crisis
Pakistan's diplomatic successes overshadow a deepening domestic crisis of inflation, unemployment, and poverty, as the gap between state prestige and public suffering widens.
Poor Tax Design Not Evasion Keeps Tax Ratio Low
Experts argue that Pakistan's low tax-to-GDP ratio is due to poor tax design and exemptions, not widespread evasion, calling for comprehensive reforms.
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Model Budget Proposes Reforms to Ease Fiscal Pressure
A model budget proposes comprehensive reforms to reduce fiscal pressure, enhance revenue, and attract investment. Key measures include tax restructuring and public sector efficiency.
Traders Back Govt's Simplified Tax Scheme
Traders across Pakistan have expressed support for the government's new simplified tax scheme, aiming to broaden the tax net and ease compliance for small businesses.
Closing Time: A New Era for Local Businesses
Discover how changing closing times are impacting local businesses and communities, with insights from owners and customers on the new regulations.
Economic Vulnerability Shapes Pakistan's Global Choices
Pakistan's economic fragility influences its foreign policy decisions, balancing ties with major powers while managing domestic challenges.
Electricity Tariff Stabilisation: A Cautious Step
PM's directive to stabilise electricity tariffs addresses unsustainable pricing. Benefits include predictable household costs and industrial investment, but strategy must avoid temporary fixes.
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Pakistan Economic Growth to Hit 4% This Fiscal Year
Finance Minister announces Pakistan's economic growth is expected to be around 4% this fiscal year, citing improved macroeconomic indicators.
Middle East Crisis Puts Pakistan's Trade and Energy at Risk
Pakistan's external sector faces severe threats from the Middle East crisis, risking exports, energy imports, and remittances, with potential losses of billions and heightened economic instability.
Pakistan's Investment Minister Meets Global Leaders in London
Federal Board of Investment Minister Qaiser Ahmed Sheikh held high-level bilateral meetings with global business leaders at the Commonwealth Trade and Investment Summit 2026 in London to strengthen Pakistan's investment partnerships and promote economic c
Rawalpindi Protectorate Leads Overseas Workforce with 26.45% Share
The Protectorate of Emigrants in Rawalpindi contributed 26.45% of Pakistan's 763,526 overseas workers in 2025, processing 52,000 registrations by mid-April 2026 under streamlined supervision.
US Backs South Africa Rare Earths Project Despite Rift
The US has committed $50 million to the Phalaborwa Rare Earths Project in South Africa, aiming to reduce reliance on China for critical minerals used in electronics, defense, and EVs, despite strained diplomatic relations.
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Oman Private Sector Growth in Q4 2025: Value Added and Jobs Rise
Oman's private sector showed steady growth in Q4 2025, with enterprise numbers up 0.2% to 268,286 and total value added increasing 4.7% to 8.68 billion rials. Medium-sized enterprises led job growth at 7.9%, while GDP rose 2.3% to 42.14 billion rials.
Bangladesh PM's Plans Hit by Iran War, Fuel Prices Rise
Bangladesh's new Prime Minister Tarique Rahman faces early economic setbacks as the US-Israeli war on Iran disrupts fuel supplies, forcing price hikes and threatening stabilization plans.
Saudi Arabia Implements 60% Saudization for Marketing, Sales
Saudi Arabia has begun enforcing new Saudization rules requiring 60% localization in marketing and sales professions, with a minimum salary of SR5,500 for Saudis, as part of Vision 2030 labor reforms.
Bahrain Supports Private Workers as Gulf Feels Iran War Strain
Bahrain implements emergency measures, including wage guarantees and loan deferrals, to protect private-sector jobs and stabilize the economy amid regional conflict and economic disruptions.
Asian Airlines Report Europe Demand Surge as Gulf Hubs Disrupted
Major Asian airlines like Cathay Pacific and Singapore Airlines report robust demand on European routes as travelers avoid Middle Eastern hubs due to conflict, with analysts predicting this shift could last 6-12 months.
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Global Summit on Fossil Fuel Phaseout Begins Amid Energy Crisis
Over 50 nations gather in Colombia for the first-ever conference on phasing out fossil fuels, as the Iran war highlights global energy dependence and short-term coal reliance.
Pakistan Consults Business on Tax Base Expansion for Budget
Pakistan initiates consultations with investors and business groups to broaden its narrow tax base in the upcoming federal budget, targeting sectors like agriculture and IT under IMF guidance.
Saudi Operating Revenue Index Rises 5.9% in February 2026
Saudi Arabia's Operating Revenue Index increased by 5.9% year-on-year in February 2026, driven by strong performances in logistics, entertainment, and communication sectors. The transport and storage sector saw a 17% annual rise, while information and com
Govt Move to Bring Back Overseas Assets Welcomed
The government's new policy to repatriate overseas assets has been met with approval from economic experts and political leaders, aiming to boost Pakistan's economy and curb illicit financial flows.
Iran Conflict's Impact on US Food Prices: Delayed Threat?
The closure of the Strait of Hormuz has spiked energy costs, but US grocery bills remain stable for now. Experts warn of potential long-term food inflation if the conflict persists, affecting supply chains and packaging.
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Saudi Arabia Approves $3B Deposit for Pakistan's Economy
Saudi Arabia has approved a $3 billion deposit to Pakistan's central bank, extending financial support to help stabilize the economy amid global pressures and manage external obligations.
Minister Sheikh Details CPEC 2.0 Strategy at Islamabad Event
Federal Minister Qaiser Ahmed Sheikh emphasized governance reforms and a business-to-business model for CPEC 2.0 at a policy dialogue in Islamabad, highlighting lessons from China's development.
American Tax Revolt: California's Prop 13 Warning
Americans are increasingly dissatisfied with federal taxes, with nearly 60% saying they pay too much. This anti-tax sentiment echoes California's 1978 Proposition 13, which capped property taxes and reshaped public services, offering lessons for today's t
Pakistan Cuts Rs63 Billion More from Development Budget
The federal government has imposed a fresh Rs63 billion cut on the Public Sector Development Programme, bringing total reductions to Rs163 billion and lowering the outlay to Rs837.16 billion from the original Rs1 trillion.
Triangle Fire: Catalyst for US Labor Reforms and Safety
The 1911 Triangle Shirtwaist Factory fire killed 146 garment workers, exposing poor conditions and sparking major labor reforms that shaped modern workplace standards in America.
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Finance Minister Engages with Harvard Growth Lab in Boston
Pakistan's Finance Minister arrived in Boston to engage with Harvard's Growth Lab, focusing on economic strategies and growth models for national development.
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