—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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Aftab Maken ISLAMABAD: Pakistan’s weekly inflation, measured through the Sensitive Price Indicator (SPI), declined by 0.56 percent for the week ending June 4, 2026, mainly due to lower prices of petroleum products and chicken, according to the latest data released by the Pakistan Bureau of Statistics (PBS). The weekly decline …
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Aftab Maken ISLAMABAD: Pakistan’s cumulative trade deficit for the first eleven months of fiscal year 2025-26 (July–May) stood at $34.76 billion, according to the latest merchandise trade statistics released by the Pakistan Bureau of Statistics (PBS). The data shows that the country’s import bill continued to outpace exports despite a …
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BeNewz Report SAHIWAL: A major tax evasion case has surfaced in Sahiwal after the Federal Board of Revenue (FBR) uncovered significant discrepancies in reported sales of a well-known fast-food outlet, leading to an immediate recovery of Rs 4 million in taxes. According to official sources, the Regional Tax Office (RTO) …
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Aftab Maken ISLAMABAD: The Sensitive Price Indicator (SPI), a key short-term measure of inflation, recorded a weekly decline of 0.33% for the week ending May 21, 2026, according to data released by the Pakistan Bureau of Statistics (PBS). The index is used to track price movements of essential commodities across …
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BeNewz Report ISLAMABAD: Pakistan Customs has intensified its anti-smuggling campaign nationwide, seizing illegal goods worth Rs. 3.718 billion over the past two weeks as part of a coordinated crackdown launched under directives from the federal government and the Federal Board of Revenue. According to the Office of the Chief Collector …
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BeNewz Report ISLAMABAD: An International Monetary Fund (IMF) mission led by Ms. Iva Petrova has concluded its staff visit to Islamabad after holding discussions with Pakistani authorities on the country’s economic outlook, fiscal reforms, and budget strategy for fiscal year 2026-27. The IMF delegation remained in Pakistan from May 13 …
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