Pakistan Nominates Mariam Kayani as Senior Adviser to IMF Executive Director
Pakistan has nominated BS-20 PAS officer Mariam Kayani as senior adviser to the IMF executive director in Washington for a three-year deputation, subject to IMF endorsement.
National Savings to Close or Merge 111 Centres Under Cost-Cutting Plan
National Savings plans to close or merge 111 inefficient centres, reducing its network from 374 to 263 as the government moves to lower operating costs.
Finance Division Extends Rs2,500 M.Phil Allowance To HEC-Equivalent Degrees
Pakistan’s Finance Division has extended the Rs2,500 monthly M.Phil allowance to federal employees holding degrees declared equivalent by HEC, subject to an equivalence certificate.
Pakistan Government Cuts Official Vehicle Fuel Quota by 50% for Three Months
The federal government has reduced fuel allocations for official vehicles by 50% for three months and introduced fresh austerity measures, including bans on vehicle purchases and foreign travel.
Pakistan Approves Rs75 Billion Fuel Subsidy Scheme as Government Moves to Shield Small Vehicle Owners From Rising Costs
Economic Coordination Committee has approved Rs75 billion for a targeted petrol subsidy covering two-wheelers, three-wheelers and vehicles up to 800cc, with digital distribution planned through the Fuel Pass System.
ECC Approves Brownfield Refinery Upgrade Agreements and Rs75 Billion Fuel Relief Grant
Pakistan’s Economic Coordination Committee approves brownfield refinery upgrade agreements, Rs75 billion for the Fuel Relief Scheme and other measures covering shipping, sugar exports and OMC tax claims.
Eraj Hashmi, CFA Appointed Head of Finance Secretary’s Strategic Support Unit
Finance Division appoints Eraj Hashmi, CFA, to head the Finance Secretary’s Strategic Support Unit, bringing experience from debt management, banking, treasury and capital markets.
Imran Sarwar Appointed NBP President And CEO For Three Year Term
Federal Government appoints Imran Sarwar as President and CEO of National Bank of Pakistan for three years, effective immediately, following a competitive selection process.
Federal Cabinet Approves New NBP President And CEO After Six Week Leadership Gap
Federal cabinet has approved the appointment of the new President and CEO of National Bank of Pakistan, ending a six week leadership vacancy following Rehmat Ali Hasnie’s departure.
Pakistan Economy Set To Sustain Recovery Momentum In FY27 On Stronger Macro Fundamentals
Pakistan entered FY27 with stronger fiscal and external indicators, rising remittances and exports, improving technology exports and continued macroeconomic stability supporting expectations of sustained economic recovery.