Business & Economy Correspondent
Mehreen Abbasi
Stories by Mehreen Abbasi
Page 13 of 23
Pakistan / Business & FinancePakistan sets 4pc growth and 8.2pc inflation targets for FY2026-27
The Annual Plan Coordination Committee approved a macroeconomic framework on 1 June 2026 targeting 4pc GDP growth and 8.2pc inflation, and a record Rs4.715tr development outlay.
Pakistan / Business & FinancePakistan weighs tax relief for salaried workers and firms despite IMF pressure
Pakistan is considering tax relief for salaried workers earning Rs150,000–200,000 a month and for businesses in the budget due on 5 June 2026, officials say.
Pakistan / Business & FinanceIndustry leaders warn high interest rates are stifling growth
Pakistani industry leaders warned that further monetary tightening and high borrowing costs are choking private-sector credit and industrial growth.
Pakistan / Business & FinancePakistan cuts petrol and diesel prices by Rs22 per litre
Pakistan's government cut petrol and high-speed diesel prices by Rs22 per litre from 29 May 2026, the third straight weekly reduction, as global oil prices fell.
Pakistan / Business & FinancePakistan plans oil reserves and bonded storage to cut Hormuz risk
Pakistan's energy ministry proposed strategic oil reserves and bonded commercial storage in a document shared with Saudi Aramco, ADNOC, Vitol and other firms.
Pakistan / Business & FinancePM Shehbaz invites Chinese firms to relocate industries to Pakistan
Addressing a Pakistan-China business conference in Hangzhou, Prime Minister Shehbaz Sharif invited Chinese companies to relocate industries and form joint ventures.
Pakistan / Business & FinanceIMF staff end Pakistan visit with FY2027 budget talks open
An IMF mission led by Iva Petrova ended a 13-20 May staff visit to Islamabad, discussing the FY2027 budget, EFF and RSF reforms and a 2pc primary surplus.
Pakistan / Business & FinancePakistan cuts petrol and diesel prices by Rs5 per litre
The federal government cut petrol and high-speed diesel prices by Rs5 per litre for the week starting 16 May 2026, partly reversing an increase a week earlier.
Pakistan / Business & FinancePakistan's debut Panda bond oversubscribed five times
Pakistan raised RMB 1.75 billion, about $250 million, in its first yuan-denominated sovereign bond in China's onshore market, drawing demand of more than five times the offer.
Pakistan / Business & FinancePM Shehbaz extends austerity measures until June 13
The Cabinet Division extended Pakistan's nationwide austerity campaign to 13 June, keeping fuel cuts, a four-day week and salary reductions in place.
Pakistan / Business & FinancePetrol and diesel prices hit Rs415 per litre after fresh hike
The federal government raised petrol and high-speed diesel prices by Rs14.92 and Rs15 per litre, taking both fuels to about Rs415 per litre from 9 May 2026.
Pakistan / Business & FinanceIMF executive board approves $1.2 billion in loan tranches for Pakistan
The IMF's executive board approved $1.2 billion for Pakistan, including $1 billion under the Extended Fund Facility and $200 million under its climate facility.