Indian agencies promoting Noreen Niazi's remarks on social media, claims Huzaifa Rehman
- 19-Jul-2026
ISLAMABAD, July 19: Minister of State for National Heritage Huzaifa Rehman strongly condemned recent remarks by Noreen Niazi, saying no patriotic Pakistani could even think of supporting her statement. Speaking on Sunday, Rehman claimed that Indian intelligence agencies were promoting Noreen Niazi’s remarks across Indian social media platforms, while accounts linked to India’s intelligence agency […]
Pakistan’s fiscal discipline significantly improved: Fitch
- 16-Jul-2026
Pakistan’s fiscal management has shown significant improvement, according to a Fitch report, which highlighted progress in reducing the fiscal deficit and achieving a historic primary surplus. Fitch stated that Pakistan’s fiscal deficit remained limited to 3 per cent of GDP in fiscal year 2026, while the country recorded its largest-ever primary surplus of 2.5 […]
New auto policy delayed as Pakistan, IMF 'fail to reach consensus'
- 14-Jul-2026
ISLAMABAD: The existing Pakistan auto policy is likely to remain in place for another year after negotiations on the new auto policy between the International Monetary Fund (IMF) and the Tariff Policy Board failed to reach a conclusion, ARY News reported on Tuesday, citing sources. According to sources in the Ministry of Finance, it has […]
World Bank approves $375.9 million grid stability project for Pakistan
- 10-Jul-2026
ISLAMABAD: The World Bank (WB) has approved a $375.9 million Grid Stability Project for Pakistan aimed at modernising and strengthening the country’s national electricity transmission system, according to an official statement. The project marks the launch of the first phase of the World Bank’s 10-year Best Pakistan Programme, which is expected to improve electricity transmission […]
New auto policy proposes tax cut on 800cc cars
- 10-Jul-2026
ISLAMABAD: The federal government is holding consultations with the International Monetary Fund (IMF) over a proposal to reduce the sales tax on locally assembled 800cc cars from 18% to 12.5% under the upcoming auto policy, sources said on Friday. According to sources, the IMF had initially opposed the proposal to lower the sales tax on […]
ADB cuts Pakistan's FY2027 growth forecast to 3.7% amid ME crisis
- 09-Jul-2026
ISLAMABAD: The Asian Development Bank (ADB) on Thursday revised down Pakistan’s economic growth forecast for fiscal year 2026-27 to 3.7% from 4.5%, citing the prolonged impact of the Middle East conflict on energy prices, supply chains and remittance flows. In its Asian Development Outlook – July 2026, the Manila-based lender said the growth outlook for […]
Pakistan in talks with Saudi Arabia to convert $5bn deposit into investment
- 08-Jul-2026
ISLAMABAD: Pakistan has requested Saudi Arabia to convert its existing $5 billion deposit into long-term investment as part of efforts to strengthen the country’s economy and reduce external financing pressures, sources said on Wednesday. According to sources, Pakistan and Saudi Arabia are holding high-level talks on converting the Saudi deposit into investment. The two sides […]
Hybrid cars face new tax in Pakistan
- 07-Jul-2026
Pakistan has imposed a 25 percent sales tax on the import and local supply of hybrid cars, which came into effect on 1 July 2026, following a previous tax exemption that expired at the end of the 2025-26 fiscal year. Officials said the exemption expired on 30 June 2026, after which hybrid cars were shifted […]
Mobile app prepared for traders’ fixed tax scheme registration
- 07-Jul-2026
ISLAMABAD: The Ministry of Finance has finalized a mobile application to facilitate the registration of retailers under the government’s fixed tax scheme, sources in the ministry said on Tuesday. According to the sources, the app is expected to be formally launched next week, while a trial run will be conducted during the current week to […]
Big relief for homebuyers as SECP expands PM Apna Ghar Program
- 04-Jul-2026
ISLAMABAD: The federal government has expanded the scope of the Prime Minister Apna Ghar Program by allowing non-banking financial institutions to participate in the subsidised housing finance scheme, making home loans more accessible across Pakistan. The Securities and Exchange Commission of Pakistan (SECP) has issued Circular No. 16 of 2026, relaxing participation rules for Housing […]