Business News | PSX | News Updates from Pakistan Economy

EU GSP+ Report

The report presents primarily as a strong endorsement of Pakistan’s economic relevance, institutional engagement and continued progress under the EU’s GSP+ framework.

July 16, 2026
Published in Business

Oil jumps over 5% after Trump says deal with Iran 'over'

Oil prices jumped more than 5% on Wednesday, hitting a two-week high after US President Donald Trump said the ‌memorandum of understanding to end the conflict with Iran was "over", renewing fears of disruptions to…

July 8, 2026
Published in Business

Aurangzeb announces establishment of dedicated SME Finance Task Force

Finance Minister Muhammad Aurangzeb has announced the establishment of a dedicated SME Finance Task Force to expand access to finance for small and medium enterprises (SMEs).

July 7, 2026
Published in Business

Iran calls for Islamic security alliance against Israel in Turkey talks

Iran’s acting defense minister has called for the creation of a joint security mechanism among Islamic countries, stating that the presence of extra-regional forces has become a source of instability, during a telephone conversation with…

July 3, 2026
Published in Business

Oil falls for a third straight day after US-Iran talks conclude in Doha

Oil prices dropped about 1% on Thursday, down for a third consecutive day, after Qatar said Iran and the US had made progress in indirect talks focused on the Strait of ‌Hormuz, which handled one-fifth…

July 2, 2026
Published in Business

World Bank asks Pakistan to revise NFC Award formula

The World Bank (WB) has asked Pakistan to revise the National Finance Commission (NFC) Award formula, both vertically and horizontally, and adopt fiscal ‘equalisation’ for resource distribution among the provinces based on spending needs and…

July 2, 2026
Published in Business

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
Published in Business

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
Published in Business

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
Published in Business

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
Published in Business

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
Published in Business