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.
Fitch to Examine Japan Budget as Takaichi Pushes Growth-Focused Spending
Fitch Ratings will assess Japan’s next fiscal year budget to determine whether Prime Minister Sanae Takaichi can support economic growth while maintaining fiscal discipline and managing public debt.
ECC Approves Rs6.6 Billion for Bullet Proof Vehicles Ahead of SCO Summit
Economic Coordination Committee approves Rs6.6 billion technical supplementary grant for 30 bullet proof vehicles ahead of the SCO Summit Pakistan will host in September 2027.
US National Debt Surpasses $40 Trillion Amid Rising Spending and Interest Costs
The US national debt has surpassed $40 trillion, raising concerns over borrowing costs, federal spending, interest payments and long term fiscal sustainability.
Ministry of Finance Orders Immediate Surrender of Unspent Funds to Finalize FY2025-26 Revised Estimates
The Finance Division mandates all federal departments to report savings by May 10 as part of a fiscal cleanup to prepare the upcoming budget and reallocate PSDP funds.
Pakistan Records Rare Rs1.5 Trillion Fiscal Surplus Despite Flood and Border Challenges
The government of Pakistan achieved a rare Rs1.5 trillion fiscal surplus in the first quarter of FY2026 despite facing flood-related damages, border closures, and inflationary pressures. The Finance Ministry credits strong non-tax revenues, improved fiscal discipline, and stable macroeconomic management for the performance.
Pakistan Achieves Fiscal Surplus through Strong Revenue Growth and Controlled Spending in FY2026
Pakistan’s fiscal indicators show significant improvement in FY2026, with a sharp rise in federal revenues, record non-tax collections, and disciplined expenditure management leading to a historic fiscal surplus.
SECP Draws Flak for Hosting Costly Registrar Conference at Malam Jabba Amid Austerity Push
The Securities and Exchange Commission of Pakistan is under fire for organizing an expensive Registrar Conference at Malam Jabba while the government calls for strict austerity, raising questions about regulatory priorities and public spending.