Pakistan needs to overhaul its fiscal federalism framework by improving coordination between the federal, provincial and local governments to safeguard macroeconomic stability, strengthen public service delivery and meet the needs of its expanding population, according to the World Bank's latest report, Strengthening Fiscal Federalism in Pakistan. The report noted that the 18th Constitutional A
Oil Marketing Companies (OMC) sales volumes fell 20% YoY in June 2026 to 1.26 million tons MT (MT) , while rising 7% MoM from 1.17MT in May 2026. The yearly decline was primarily driven by higher MS and HSD retail prices, with HSD witnessing a sharper fall, likely due to a resurgence in cross-border smuggling amid elevated domestic prices. According to Arif Habib Limited (AHL) Research, cumu
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb lauded the Federal Board of Revenue (FBR) for achieving its revised revenue collection target for fiscal year 2025-26 while addressing FBR officials at the FBR Headquarters on Wednesday. The meeting was attended by FBR Chairman Rashid Mahmood Langrial, Members of the FBR Board, senior officers, and Chief Commissioners and Chief
Asian shares skidded on Thursday as investors rotated out of chipmakers following a stellar quarter, while currency and bond markets braced for US jobs data that could gives hints about the risk of interest rate hikes. Oil prices hit new four-month lows, with Brent crude off 0.8% to $71 a barrel, as U.S. President Donald Trump said talks with Iran had gone well in Qatar, and as more oil tanke
Pakistan Telecommunication Company Limited (PTCL), the largest telecom services provider in the country, has appointed Mohammad Nadeem Khan as its chief executive for a temporary period of 14 days. The telecom disclosed the development in a notice submitted to the Pakistan Stock Exchange (PSX) on Thursday. PTCL informed the bourse that Mohammad Nadeem Khan has been appointed chief executive,