The government plans to borrow approximately Rs4.8 trillion through banks and capital markets during the September-November period to meet its financing needs, amid rising fiscal pressures and the economic impact of recent floods. According to data released by the State Bank, the borrowing includes Rs2.875tr through Treasury Bills and Rs2tr through Pakistan Investment Bonds (PIBs). Of th
The United Nations launched on Monday the Network on Migration in Pakistan to strengthen migration management and governance to facilitate safe, orderly and regular migration. The establishment of the United Nations Network on Migration (UNNM) marked a significant step towards a unified, collaborative approach to migration governance and responding to the inter-connected challenges of human tra
Pakistan’s total oil sales rose to 1.3 million tonnes in August, marking a 7pc year-on-year (YoY) increase and a 6pc rise compared to July, according to data compiled by Topline Securities. Cumulative oil sales for the first two months of FY26 (July-August) reached 2.523 million tonnes, reflecting a 5pc YoY increase. Petrol (motor spirit) sales stood at 675,000 tonnes in August, up 8pc YoY a
Consumer price index (CPI) inflation slowed to three per cent year-on-year in August from 4.1pc in July, data from the Pakistan Bureau of Statistics (PBS) showed on Monday, though economists warned that weeks of flooding in Punjab could put food prices under renewed pressure. According to the data, CPI-based inflation during the same month of last year (August 2024) was recorded at 9.6pc. On
United States President Donald Trump said on Monday that India has offered to reduce its tariffs on US goods to zero amid deteriorating ties between the two countries. While calling the US’s relationship with India “one-sided”, Trump wrote on Truth Social, “They have now offered to cut their tariffs to nothing, but it’s getting late. They should have done so years ago.” The Indian Embassy in