FPCCI Member Calls Austerity Measures An Economic Curfew, Seeks Fuel Policy Changes
FPCCI Executive Committee member Adeel Siddiqui has criticised government austerity measures and called for changes to fuel levies, state-owned enterprise spending and transport subsidies.
Pakistan Posts Rs3.63 Trillion Primary Surplus, Surpasses IMF Target In FY2025-26
Pakistan recorded a Rs3.63 trillion primary budget surplus in FY2025-26, exceeding the IMF target by Rs464 billion as the federal deficit narrowed to Rs4.8 trillion.
Khurram Schehzad Says Diesel Levy Increase Reflects Phased Return to Budgeted Level
Finance Minister’s Advisor Khurram Schehzad said the recent diesel petroleum levy increase is part of a phased normalization process after a temporary reduction, with the government seeking to meet approved revenue targets while maintaining fiscal stability.
Pakistan Maintains Existing Fuel Rates Through Strategic Petroleum Levy Rebalancing
The Ministry of Energy opts to sustain current retail fuel rates by utilizing internal tax mechanisms to neutralize changing international refinery values.
Pakistan Projecting Major Fuel Price Cuts as Global Refining Costs Plunge
Pakistani consumers are expected to receive substantial financial relief as international petroleum benchmarks plunge amid regional diplomatic agreements.
FY27 Budget Outlook: IMF Commitments Narrow Pakistan’s Space for Broad Economic Relief
Pakistan’s FY27 federal budget is expected to prioritise fiscal discipline, IMF-linked reforms and revenue generation, leaving limited room for broad public relief despite improving economic indicators.
Petroleum Division Opposes Higher Fuel Taxes Amid Surging Global Energy Prices
The Petroleum Division has formally opposed any hikes in the petroleum levy for the upcoming fiscal year, urging a reduction in tax rates to shield consumers from high global oil prices.
Pakistan Budget Deficit Hits 856 Billion Rupees Despite Strong Tax Collection and Provincial Surplus
Pakistan reports a federal budget deficit of 856 billion rupees for the first nine months of FY26 as high debt servicing and defense spending offset record tax revenues.
Pakistan’s Growth Strategy Faces Major Setback as Middle East Conflict Triggers Oil Shock and Economic Pressure
Pakistan’s economic recovery plans are under pressure after the prolonged US-Iran conflict disrupted global energy markets, raised oil prices, and threatened inflation, exports, and currency stability. Policymakers are now being urged to accelerate austerity reforms, widen the tax base, and push investment-led growth.
IMF Executive Board Sets May 8 Meeting to Approve 1.2 Billion Dollar Disbursement for Pakistan
IMF prepares to release 1.2 billion dollars to Pakistan following successful program reviews, focusing on fuel levy targets and long term fiscal consolidation.