The government of Pakistan has announced a significant cut in the price of high-speed diesel (HSD), slashing it by Rs14 per litre for the current fortnight. In contrast, petrol prices remain unchanged, according to the latest notification from the Petroleum Division. The reduction reflects movements in global oil markets and recommendations from the Oil...
FBR has issued official notices to 30 social media influencers who flaunted luxury lifestyles—expensive clothes, homes, cars, and even horses—yet under‑reported their income or failed to file taxes. According to FBR Chairman Rashid Langrial, the crackdown is part of a broader enforcement push under the newly established “Lifestyle Monitoring Cell,” cracking down on individuals whose...
The IMF warns that inflation in Pakistan could surge to 6.3%, up from the current 4.5%. According to its latest assessment, by June 2026, the inflation rate might escalate further to 8.9%, a major concern compared to June 2025, when inflation was at 3.2%. The fund’s updated projections also suggest economic growth may hover around...
As reported by Asrar Khan from Islamabad, according to sources in the petroleum industry, Pakistan’s petroleum product prices are expected to drop starting on October 16. It is anticipated that the cost of gasoline may drop by as much as Rs 6.10 per liter. It is expected that this move will provide some relief to...
Funded projects increased by 3.6 percent, exceeding the World Bank’s forecast of 2.6 percent. Meanwhile, global growth is expected to decline to 3.1 percent in 2026 and 3.2 percent in 2025. ISLAMABAD: In addition to increased inflation and a growing current account deficit, the International Monetary Fund (IMF) on Tuesday projected Pakistan’s economic growth rate...
ISLAMABAD – Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan issued a firm directive today, October 9, 2025, ordering all party lawmakers to immediately resign from standing committees in the Punjab Assembly. Consequently, PTI Chairman Barrister Gohar Ali Khan announced the move after meeting Khan at Adiala Jail, confirming that the party currently holds 14 such committees...
On September 23, 2025, NIC Karachi and NIC Peshawar partnered with Orbit Startups to host Orbit Demo Day 2025 in Karachi, a vibrant showcase of Pakistan’s entrepreneurial talent. This landmark event celebrated the first cohort of startups under their collaboration, drawing investors, industry leaders, and stakeholders. Additionally, it highlighted Pakistan’s growing innovation landscape, with both...
On September 24, 2025, during the 80th United Nations General Assembly in New York, Prime Minister Shehbaz Sharif met IMF Managing Director Kristalina Georgieva. He firmly urged the global lender to incorporate the severe impacts of recent floods into the next review of Pakistan’s bailout program. Sharif confidently highlighted Pakistan’s progress first. For instance, the...
Pakistan’s ambitious Reko Diq mining project has just achieved a massive milestone. The Reko Diq Mining Company (RDMC) announced on September 16, 2025, that it secured over $5.5 billion in financing commitments from international financial institutions. Reko Diq, located in Balochistan’s Chagai district, ranks among the world’s largest undeveloped copper and gold deposits. Barrick Gold...
US President Donald Trump and Indian Prime Minister Narendra Modi struck an optimistic tone on September 10, 2025, signaling a potential turnaround in bilateral trade relations strained by recent tariffs. After months of escalating tensions over trade barriers and India’s Russian oil purchases, the leaders exchanged messages on social media, announcing the resumption of negotiations....