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  • Fiscal Stability First: Aurangzeb Briefs IMF Mission on Budget Prep and Export-Led Reform Strategy

    Finance Minister Muhammad Aurangzeb met with a visiting IMF mission led by Iva Petrova on Wednesday to align on the FY2025-26 federal budget and Pakistan's long-term stabilization goals.

    News Desk
    Fiscal Stability First: Aurangzeb Briefs IMF Mission on Budget Prep and Export-Led Reform Strategy

  • Energy Security Boost: Kuwait to Explore Strategic Petroleum Storage Projects in Pakistan

    Pakistan and Kuwait are exploring the construction of strategic petroleum storage facilities in Pakistan to safeguard energy supplies against ongoing regional disruptions. Building Energy Resilience During a meeting in Islamabad today, Petroleum Minister Ali Pervaiz Malik and Kuwaiti Ambassador Nassar Abdulrahman Jasser Almutairi discussed the project as a mutual buffer against the Strait of Hormuz closure

    News Desk
    Energy Security Boost: Kuwait to Explore Strategic Petroleum Storage Projects in Pakistan

  • Rising imports widen deficit, hurting economic outlook

    A widening trade gap is increasingly putting pressure on the country’s balance of payments, raising concerns among economic observers about external financial stability. The growing difference between imports and exports suggests rising import dependence and weaker export performance, which together are contributing to a larger trade deficit. Economists warn that if this trend continues, it could further strain foreign exchange reserves and make it more difficult to maintain a stable external account position. The imbalance also reflects broader challenges in domestic production capacity and global competitiveness, highlighting the need for corrective policy measures to strengthen exports and manage import demand.

    News Desk
    Rising imports widen deficit, hurting economic outlook

  • Pakistan Likely to Cut Prices of Locally Assembled Cars and EVs in Budget 2026-27

    The government is expected to reduce taxes and duties on locally assembled vehicles and electric vehicles in the upcoming Budget 2026-27, aiming to make cars more affordable.

    News Desk
    Pakistan Likely to Cut Prices of Locally Assembled Cars and EVs in Budget 2026-27
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