Author: admin

IMF managing director meets Aurangzeb, hails Pakistan’s reform progress, macroeconomic stability

International Monetary Fund (IMF) Managing Director Kristalina Georgieva has commended Pakistan’s “continued progress on economic reforms” under the Fund’s programme and the resulting macroeconomic stability. She met with Finance Minister Muhammad Aurangzeb on the sidelines of the IMF–World Bank Spring Meetings 2026 in Washington, where the finance czar had arrived on Monday. During his visit, […]

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Pakistan receives $2bn from Saudi Arabia: State Bank

The State Bank of Pakistan (SBP) confirmed on Thursday that Pakistan has received $2 billion from the Kingdom of Saudi Arabia. The central bank said the funds were received “in the value date of 15April2026”. The development comes amid Prime Minister Shehbaz Sharif’s visit to Saudi Arabia to push diplomatic efforts to promote peace in […]

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Next KP budget to prioritise youth empowerment, low-income families’ uplift: CM Afridi

PESHAWAR: Khyber Pakhtunkhwa Chief Minister Sohail Afridi on Wednesday said the provincial budget for the fiscal year 2026-27 would be designed with a particular focus on empowering youth and improving the socio-economic conditions of low- and middle-income segments of society. “Our budgetary priorities will be aligned to expand employment opportunities and promote inclusive economic growth. […]

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Sugar mills allowed to challenge ban on tall crops in two districts of Punjab

LAHORE: Lahore High Court Chief Justice Aalia Neelum on Wednesday allowed a sugar mills to file a petition before its Multan bench against a ban on the cultivation of tall crops in the districts of Rahim Yar Khan and Rajanpur, given security concerns in Katcha areas. Chief Justice Neelum heard the petition filed by JDW […]

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Amendments to public financial management law stir controversy in KP

PESHAWAR: A controversy has erupted over changes to the Khyber Pakhtunkhwa Public Financial Management Law to do away with the powers of the Controller General Accounts (CGA) in accounting and authorisation of the release of provincial consolidated funds. The amendment, which was passed by the KP Assembly on March 26, was returned by Governor Faisal […]

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EU links GSP+ to rights progress

ISLAMABAD: Pakistan’s access to GSP+ is neither guaranteed nor automatic, said European Union Ambassador Raimundas Karoblis, adding that the country needs to do more on blasphemy, enforced disappearances and minority rights. “The most important issue for us is blasphemy cases and enforced disappearances. We also expect to see a revision of the Prevention of Electronic […]

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Pakistan co-leads new Borrowers’ Platform to strengthen debt sustainability, transparency

https://www.dawn.com/news/1992150

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Prolonged Iran war to have serious consequences, warns Aurangzeb

WASHINGTON: Finance Minister Muhammad Aurangzeb has said that Pakistan is closely monitoring the evolving situation in the Middle East, warning that a prolonged conflict would have serious financial consequences for the country and the wider global economy. In an interview with CNBC, the minister said Pakistan’s leadership had made “very earnest effort” over the weekend […]

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Gas firms seek steep increases

ISLAMABAD: Sui Northern Gas Pipeline Ltd (SNGPL) and Sui Southern Gas Company Ltd (SSGCL) have sought about 21 and 121 per cent increases in the prescribed gas prices, respectively, to meet their revenue requirements for 2026-27. The SSGCL has also sought previous years’ “unrecovered shortfalls” of over Rs545 billion, which makes its accumulated demand for […]

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T-bill yields cut for short tenors

KARACHI: The State Bank of Pakistan (SBP) has slashed cut-off yields on treasury bills for maturities of up to six months but increased the rate for 12-month papers by 14 basis points in the latest auction. In the previous T-bills auction, yields had indicated room for a possible interest rate hike. However, the Middle East […]

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