In the first quarter of the current fiscal year, Pakistan’s federal government successfully reduced its debt by 1.283 trillion rupees. According to the State Bank of Pakistan, debt fell by an additional 852 billion rupees in September, bringing the total to 76,605 billion rupees by the end of the month. The report highlighted that domestic debt decreased by 649 billion rupees, while external debt dropped by 203 billion rupees. This significant reduction reflects ongoing efforts to stabilize the
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In the first quarter of the current fiscal year, Pakistan’s federal gov…
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The Government of Pakistan has announced an immediate hike of Rs 55 per liter in the price of petrol, effective immediately 🚨 According to the Finance Division and OGRA notification, the adjustment is due to sharp increases in global crude oil prices and disruptions in supply chains linked to the current regional situation. This is one of the largest single-day increases in recent years. New petrol price is expected to range between Rs 330–335 per liter (exact figure to be confirmed in official
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🇵🇰 Pakistan at COP-30 | Belém, Brazil Federal Minister for Finance & Revenue Senator Muhammad Aurangzeb called for simplified climate finance, faster global support, and stronger technical assistance while addressing the Climate Finance Dialogue at COP-30. He stressed that climate change is an existential threat for Pakistan, highlighting: 🌍 Pakistan’s high climate vulnerability 📘 Strong national frameworks: NDCs, National Adaptation Plan, Climate Prosperity Plan 🏦 Progress on climate finan
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The Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Senator Muhammad Aurangzeb, met in Islamabad to review key economic and administrative matters. The ECC examined the Circular Debt Management Plan for FY 2025–26 and instructed the Power Division, in collaboration with the Finance Division, to prepare a medium-term strategy to reduce fiscal support while ensuring DISCOs meet their performance targets. Amendments to the vehicle import procedure were approved, re
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