Business News | PSX | News Updates from Pakistan Economy

Federal Minister for Petroleum Ali Pervaiz Malik

Minister says 'good news likely' after petrol, diesel prices held

A day after the government kept petrol and high-speed diesel (HSD) prices unchanged in its weekly review, Federal Minister for Petroleum Ali Pervaiz Malik on Saturday said "good news" was likely for consumers in the…

June 28, 2026
Published in Business

President Zardari gives assent to Finance Bill 2026

President Asif Ali Zardari on Friday assented to the Finance Bill, 2026, days after the federal budget for the next fiscal year sailed through the National Assembly.

June 26, 2026
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National Assembly approves Budget 2026-27 with revised duties

The National Assembly has approved Budget 2026-27, with the Finance Bill outlining revised duties on imported vehicles, stricter Federal Board of Revenue (FBR) compliance rules and electronic filing requirements.

June 23, 2026
Published in Business

US and Iran conclude Switzerland talks, agree on 60-day roadmap towards final deal

The first round of talks between high-ranking US and Iranian officials in Switzerland ended Monday, mediators said, after a tense opening marked by Tehran's announcement it had again closed the Strait of Hormuz and US…

June 22, 2026
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Petrol, diesel prices still carry 29% tax despite cut: sources

Taxes continue to account for 29% of the prices of both petrol and diesel despite the government’s latest reduction in fuel rates.

June 21, 2026
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Oil rises as uncertainty mounts over lasting US-Iran truce

Oil prices rose on Friday as the prospect of a lasting truce between the US and ‌Iran was clouded after peace talks in Switzerland were called off and as Israel stepped up attacks on Lebanon.

June 19, 2026
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Minister for Petroleum Ali Pervaiz Malik

PM directs to pass on benefits of declining oil prices to people immediately: Ali Pervaiz

Prime Minister Shehbaz Sharif has directed to pass on the benefits of declining oil prices in the global market to the people immediately.

June 18, 2026
Published in Business

Finance minister signals phased withdrawal of controversial super tax

Finance Minister Muhammad Aurangzeb signaled on Monday a phased withdrawal of the controversial corporate “super tax,” while expressing confidence that deep-seated economic reforms would drive further capital market growth in the coming fiscal year.

June 15, 2026
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SBP maintains policy rate at 11.5% as US-Iran deal cools inflation fears

The State Bank of Pakistan's Monetary Policy Committee (MPC) on Monday left its benchmark policy rate unchanged at 11.5%, noting a recent decline in global oil prices following a US-Iran deal.

June 15, 2026
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Govt proposes 7% salary, pension hike in FY2026-27 budget

The federal government has proposed a 7% increase in the salaries of public sector employees in the federal budget for fiscal year 2026–27.

June 12, 2026
Published in Business

People-friendly Rs18.7 trillion Federal Budget unveiled, focusing on economic growth, tax relief

Finance Minister Muhammad Aurangzeb on Friday presented a budget with a total outlay of Rs18,771 billion as the federal government tries to balance a fragile economic situation due to an energy crisis amid the Middle…

June 12, 2026
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Minister for Finance and Revenue, Senator Muhammad Aurangzeb

Govt proposes tax relief across four slabs for salaried individuals in FY2026-27 budget

The federal government on Friday proposed income tax relief in four slabs for salaried individuals and the abolition of surcharge on the salaried class as Finance Minister Senator Muhammad Aurangzeb presented the budget for fiscal…

June 12, 2026
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Pakistan Economic Survey 2025-26: GDP growth recorded at 3.7% amid challenges

Finance Minister Muhammad Aurangzeb says Pakistan's economy demonstrated resilience with GDP growth rate recorded at 3.7 percent during the current financial year despite internal and external challenges.

June 11, 2026
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Govt revises National Savings profit rates, adjusts withholding tax

The government has revised the profit rates on its National Savings Schemes (NSS), according to an official notification, while adjusting withholding tax rates for both tax filers and non-filers.

June 10, 2026
Published in Business