–Pakistan transfers management control of PIA to investor consortium after completing the first financial closing of the Rs180 billion privatisation transaction BeNewz Report ISLAMABAD: The Government on Monday transferred management control of Pakistan International Airlines Corporation Limited–PIACL–to an investor consortium led by Arif Habib Corporation Limited after successfully achieving the first …
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Aftab Maken ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, approved a series of technical supplementary grants (TSGs), development allocations, and policy measures covering the power, defence, infrastructure, information technology, and public sectors. According to an official statement …
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Aftab Maken ISLAMABAD: Pakistan’s short-term inflation, measured through the Sensitive Price Indicator (SPI), increased by 0.46 percent during the week ending June 18, 2026, mainly driven by higher prices of vegetables, poultry products, and other essential commodities, according to data released by the Pakistan Bureau of Statistics (PBS). The SPI, …
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Aftab Maken ISLAMABAD: The Economic Coordination Committee (ECC) on Tuesday approved a series of technical supplementary grants (TSGs) worth over Rs9.5 billion for key public sector projects, passport services, and security-related initiatives, while also extending gas supply arrangements for two major urea manufacturers to support fertilizer availability in the country. …
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Aftab Maken ISLAMABAD: Finance Minister Muhammad Aurangzeb on Thursday presented Pakistan’s Rs18.8 trillion federal budget for fiscal year 2026-27 in the National Assembly, outlining the government’s economic priorities, tax reforms, development plans, and defence spending amid noisy protests from opposition lawmakers. The budget session began nearly two hours behind schedule …
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Aftab Maken ISLAMABAD: Pakistan’s short-term inflation, measured through the Sensitive Price Indicator (SPI), increased by 0.16 percent during the week ended June 11, 2026, mainly driven by sharp increases in tomato and liquefied petroleum gas (LPG) prices, according to data released by the Pakistan Bureau of Statistics (PBS). The weekly …
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—Government expected to prioritize debt servicing, defence spending, subsidies and development projects in the upcoming fiscal plan Aftab Maken ISLAMABAD: The federal government is set to present the budget for fiscal year 2026-27 in Parliament on Friday, with the total outlay expected to be around Rs17.5 trillion. The budget is …
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Aftab Maken ISLAMABAD: Pakistan’s economy expanded by 3.7 percent during fiscal year 2025-26, according to the Pakistan Economic Survey released on Thursday, reflecting improved economic stability and stronger industrial activity but falling short of the government’s 4.2 percent growth target. Presenting the survey in Islamabad, Finance Minister Muhammad Aurangzeb said …
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–Key policy measures across multiple sectors Aftab Maken ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, on Thursday approved a series of Technical Supplementary Grants (TSGs) and policy decisions involving more than Rs. 50 billion across development, security, …
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BeNewz Report ISLAMABAD: The federal government has announced a new fixed tax scheme for small shopkeepers, marking a significant step toward simplifying the country’s tax structure and improving compliance among small-scale traders. The announcement was made by Minister of State for Finance Bilal Azhar Kayani during a joint press conference …
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