Petrol, diesel prices still carry 29% tax despite cut: sources
Taxes continue to account for 29% of the prices of both petrol and diesel despite the government’s latest reduction in fuel rates. The government on…
Business
Oil rises as uncertainty mounts over lasting US-Iran truce
Oil prices rose on Friday as the prospect of a lasting truce between the US and Iran was clouded after peace talks in Switzerland were…
PM directs to pass on benefits of declining oil prices to people immediately: Ali Pervaiz
Prime Minister Shehbaz Sharif has directed to pass on the benefits of declining oil prices in the global market to the people immediately. This was…
Finance minister signals phased withdrawal of controversial super tax
Finance Minister Muhammad Aurangzeb signaled on Monday a phased withdrawal of the controversial corporate “super tax,” while expressing confidence that deep-seated economic reforms would drive…
SBP maintains policy rate at 11.5% as US-Iran deal cools inflation fears
The State Bank of Pakistan’s Monetary Policy Committee (MPC) on Monday left its benchmark policy rate unchanged at 11.5%, noting a recent decline in global…
Govt proposes 7% salary, pension hike in FY2026-27 budget
The federal government has proposed a 7% increase in the salaries of public sector employees in the federal budget for fiscal year 2026–27, according to…
Finance minister presents Rs18.77tr Budget 2026-27
Finance Minister Muhammad Aurangzeb presented the federal budget for fiscal year 2026-27 in the National Assembly during a session chaired by Speaker Ayaz Sadiq, as…
Govt to present Budget 2026-27 today with estimated Rs17.5tr outlay
The federal government is set to present the budget for the fiscal year 2026-27 in the National Assembly today (Friday), with an estimated outlay of…
Pakistan Economic Survey 2025-26: GDP growth recorded at 3.7% amid challenges
Finance Minister Muhammad Aurangzeb says Pakistan’s economy demonstrated resilience with GDP growth rate recorded at 3.7 percent during the current financial year despite internal and…
Govt revises National Savings profit rates, adjusts withholding tax
The government has revised the profit rates on its National Savings Schemes (NSS), according to an official notification, while adjusting withholding tax rates for both…