Business

Aftab Maken ISLAMABAD:  Pakistan Telecommunication Company Limited reported a sharp rise in revenue and profit during the first half of 2026, but escalating operating costs, finance charges and heavy cash outflows remain major concerns. Pakistan Telecommunication Company Limited posted a consolidated profit of Rs 4.67 billion for the six months …

–The Economic Coordination Committee approves three new export promotion schemes, Rs. 4 billion for international power arbitration cases, and a series of policy measures covering energy, petroleum and social security. Aftab Maken ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved a package of export promotion measures, …

Aftab Maken ISLAMABAD:  Pakistan’s weekly inflation, measured by the Sensitive Price Indicator (SPI), rose 0.91% during the week ended July 23, 2026, driven mainly by sharp increases in fuel and tomato prices, while annual SPI inflation accelerated to 9.66%, according to the Pakistan Bureau of Statistics. Pakistan’s weekly inflation increased …

BeNewz Report WASHINGTON:  Finance Minister Muhammad Aurangzeb met senior IMF officials and the head of the U.S. EXIM Bank in Washington, discussing Pakistan’s reform programme, economic performance, financing for strategic projects and expanded bilateral trade. Finance Minister Muhammad Aurangzeb on Wednesday held separate meetings with senior International Monetary Fund (IMF) …

BeNewz Report WASHINGTON: Pakistan’s finance minister discussed economic reforms and stronger bilateral cooperation with the U.S. Treasury secretary as Islamabad reportedly seeks a $10 billion U.S.-backed exchange stabilization facility. Pakistan’s Finance Minister Muhammad Aurangzeb met U.S. Treasury Secretary Scott Bessent in Washington on Tuesday and discussed Pakistan’s economic reform agenda, …

Aftab Maken ISLAMABAD: The International Monetary Fund (IMF) has proposed a new set of conditions for resolving Pakistan’s mounting gas sector circular debt, including formally recognizing the financial losses of the country’s two state-owned gas utilities and writing off unrecoverable receivables in their accounts. According to sources, the IMF has …

BeNewz Report ISLAMABAD: The Federal Board of Revenue (FBR) has carried out a major reshuffle in the Inland Revenue Service (IRS), transferring and posting more than 50 senior officers from BS-19 to BS-22 in an effort to strengthen tax administration and improve operational efficiency across the country. According to a …

–Food and Fuel Costs Hit Households Hard Aftab Maken ISLAMABAD: Pakistan’s inflationary pressures intensified further during the week ending July 16, 2026, as the Sensitive Price Indicator (SPI) rose by 1.40% over the previous week, signaling another sharp increase in the cost of living for millions of households. Data released …

–Pakistan’s weekly inflation eased slightly by 0.45%, but annual inflation climbed to 11.94% as food staples and energy prices continued to place heavy pressure on household budgets Aftab Maken ISLAMABAD: Pakistan’s inflationary pressures remained elevated despite a slight weekly decline in prices, with the latest Sensitive Price Indicator (SPI) showing …

ISLAMABAD:  Customs Enforcement Islamabad has intensified its anti-smuggling campaign, seizing smuggled vehicles and foreign-origin goods worth more than Rs215 million in a series of intelligence-based operations launched since June 15. The Collectorate of Customs Enforcement Islamabad has stepped up its anti-smuggling campaign, seizing smuggled vehicles and foreign-origin goods worth more …