The government has constituted a seven-member committee to finalise a detailed mechanism for digitising payments at fuel stations across the country before its formal announcement in the federal budget. The committee, formed on the direction of Finance Minister Muhammad Aurangzeb, is headed by Sharjeel Murtaza, Chief Digital Officer of Karandaaz Pakistan, and includes Ali Jan Khan, consultant o
The Planning Commission has conceded that policy decisions and government measures at both the federal and provincial levels have caused a substantial contraction of 13.5 per cent in major crops this fiscal year, which may lead to increased food imports next year at the expense of precious foreign exchange. In a working paper for the federal budget 2025-26, the Planning Commission also attribut
The Pakistan Stock Exchange (PSX) snapped its three-session winning streak as investors indulged in profit-taking towards end of the session, dragging the benchmark KSE 100 index in the red zone after scaling an all-time high above 120,000 intraday. Topline Securities Ltd stated that the stock market exhibited volatility, with the index fluctuating within a wide range, primarily influenced by
With an improved 4.2 per cent economic growth forecast for next year, the Ministry of Planning and Development cautioned on Monday about the re-emergence of external sector pressure amid easing import control and debt repayments. “The external sector may face pressure, as easing import controls and debt repayments are likely to widen the current account deficit,” said the Ministry of Planning a
Under the tight control of the International Monetary Fund (IMF), next year’s federal development programme cuts allocations for almost all sectors, barring a rise in road building schemes and no changes to parliamentarians’ schemes. Despite this, the Annual Planning Coordination Committee (APCC) cleared the national development programme worth a record Rs4.083 trillion, aided by Punjab and Sin