BeNewz Report ISLAMABAD: Petroleum Division is preparing a gas sector deregulation roadmap with World Bank technical support. The plan seeks competitive pricing, stronger regulation, private investment, and reduced subsidy distortions. Petroleum Division will finalize a gas sector reform roadmap by August-end. Federal Petroleum Minister Ali Pervaiz Malik chaired the meeting …
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–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, …
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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) …
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Aftab Maken ISLAMABAD: Pakistan’s petroleum pump owners suspended a planned nationwide strike for two weeks after the government pledged to address their concerns over dealer margins and the newly introduced daily fuel pricing mechanism. Pakistan’s petroleum pump owners on Wednesday suspended a planned nationwide strike for two weeks after the …
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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, …
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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 …
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Aftab Maken ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved a series of key decisions relating to the restructuring of the Pakistan Agricultural Storage and Services Corporation (PASSCO), trade policy reforms, and higher education governance during a meeting chaired by Federal Minister for Finance and Revenue …
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Aftab Maken ISLAMABAD: Pakistan’s economy ended fiscal year 2025-26 on a significantly stronger footing, recording its highest economic growth in four years, single-digit average inflation, and a current account surplus, according to the Finance Division’s Monthly Economic Update & Outlook for June 2026. The report, released by the Finance Division, …
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–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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