Pakistan’s salaried employees contributed significantly more to income tax collections than the real estate sector in the first two months of the current financial year. According to Federal Board of Revenue data, the salaried class paid Rs91 billion in income tax during July and August 2026. This amount was 225 percent higher than the Rs28 […]

Pakistan has taken a further step toward developing its next major communication satellite. The Central Development Working Party (CDWP) has recommended the Rs37.19 billion PakSat-2 project to the Executive Committee of the National Economic Council (ECNEC) for final approval. The decision came during a CDWP meeting chaired by Federal Minister for Planning, Development and Special […]

Pakistan’s listed cement companies earned more than Rs100 billion in combined net profit for the first time during the financial year that ended in June 2026. According to data compiled by AKD Securities, the sector’s total profit after tax reached Rs108.5 billion. This was an 18 percent rise from the Rs91.73 billion recorded in the […]

Pakistan’s total liquid foreign exchange reserves have moved past the $23 billion mark. The State Bank of Pakistan reported the rise in its weekly data for the period ending September 4, 2026. Official figures show the country’s overall reserves reached $23.72 billion. Of this amount, the central bank held $18.33 billion while commercial banks held […]

The Planning Commission has asked government ministries and departments to propose clear, practical steps that can help the industrial sector grow by 4.5 percent in the fiscal year 2026-27. This target forms part of the overall plan to expand the national economy by 4 percent. In a recent official note, the Ministry of Planning, Development […]

The government has lowered regulatory and additional customs duties on imported mobile phones for the fiscal year 2026-27. The biggest change is a 20 percent cut in regulatory duty on premium smartphones priced above $500, bringing it down by Rs4,400 to Rs17,600 per phone from the previous Rs22,000. According to a Ministry of Commerce brief, […]

Pakistan’s government has decided to permit the export of an additional 200,000 metric tonnes of sugar. The move comes even though similar past decisions led to sharp rises in local prices and despite earlier warnings in an International Monetary Fund report about governance problems in the sector. Deputy Prime Minister Ishaq Dar chaired a meeting […]

Pakistan received $3.656 billion in workers’ remittances during August 2026, the State Bank of Pakistan (SBP) reported on Wednesday. The figure marks a 16.5 percent rise compared with the same month last year and a slight 0.7 percent increase from July. These inflows come after the country recorded a historic $41.6 billion in remittances during […]