Pakistan faces likely shortfall in petroleum levy target as global oil prices surge
Pakistan’s federal government is expected to miss its petroleum levy (PL) target for the current fiscal year, as rising global oil prices—driven by geopolitical tensions between Israel and Iran—threaten to push domestic fuel prices higher and dampen consumption.
Islamabad plots seized in FBR’s first action against benami holdings
Pakistan’s tax authority has seized its first immovable assets under the Benami Transactions (Prohibition) Act, 2017, as part of an intensified campaign to uncover untaxed wealth and improve documentation of the economy.
Non-filers to pay higher tax on withdrawals above Rs75,000
Pakistan plans to raise the threshold for applying a higher rate of withholding tax on cash withdrawals by non-filers, as part of adjustments to the Finance Bill 2025-26.
World Bank approves $700m loan for Reko Diq project
Finance Minister Muhammad Aurangzeb said on Friday that the World Bank Group has approved a $700 million loan for the Reko Diq mining project. India opposed the loan and tried to block the investment. But the World Bank rejected India’s objections and cleared the package. Aurangzeb shared this update during a Senate committee meeting on […]
SBP expected to hold policy rate as Middle East tensions fuel inflation fears
Pakistan’s central bank is expected to keep its benchmark interest rate steady at 12 per cent when it meets on Monday, as geopolitical uncertainty and renewed inflation concerns cloud the outlook, according to a snap poll of analysts.
OGRA cuts RLNG prices for SSGC, SNGPL on lower terminal charges
Pakistan’s oil and gas regulator has slightly lowered the prices of re-gasified liquefied natural gas (RLNG) for June, citing a modest drop in terminal handling charges.
Weekly inflation cools slightly as prices of 9 key household items decline
Pakistan’s short-term inflation eased slightly in the week ending June 12, driven by a drop in food and fuel prices, data from PBS showed.
Car sales jump to over 14,800 units in May as demand recovers
Car sales rose sharply in May despite persistently high prices, showing signs of demand recovery in the country’s struggling auto sector.
SBP-held reserves rise to $11.68bn, gaining 1.45% in a week
Pakistan’s foreign exchange reserves rose for a second consecutive week, boosted by inflows into the central bank and commercial lenders.
SBP to decide policy rate on June 16 after price pressures return
Pakistan’s central bank will review its key interest rate on June 16, the State Bank of Pakistan (SBP) said in a statement on Thursday.
