Pakistan and Russia Explore New Energy Deal to Strengthen Economic Ties
Pakistan and Russia are moving closer to deeper cooperation in the energy sector as talks continue on a possible oil-related agreement between the two countries. Pakistan’s Finance Minister, Muhammad Aurangzeb, confirmed that discussions are underway, focusing on areas where Russia has strong expertise, including oil exploration, production and refining. According to the finance minister, the […]
PSW Extends Post-Payment Facility to SIDC, Easing Cash-Flow Pressure for Traders
Pakistan Single Window (PSW), in coordination with the Federal Board of Revenue (FBR) and Pakistan Customs, has extended the post-payment regime to the Sindh Infrastructure Development Cess (SIDC). Under the new system, traders can now pay the cess after customs clearance instead of making the payment upfront. The decision follows the introduction of post-clearance payment […]
Circular Debt Crisis Threatens Pakistan’s Oil and Gas Exploration Investments
Pakistan’s growing circular debt is putting serious pressure on oil and gas exploration companies, limiting their ability to invest in new exploration and development projects. The financial strain has worsened due to cash flow problems caused by gas curtailments, as imported LNG continues to flood the domestic market and reduce demand for locally produced gas. […]
US Approves $686 Million Upgrade to Keep Pakistan’s F-16 Fleet Combat Ready Until 2040
The United States has approved a $686 million defence package to upgrade Pakistan’s ageing F-16 fighter jets, ensuring they remain fully operational and combat-ready until 2040. The decision is seen as an important step in maintaining Pakistan’s air defence capability in a changing regional security environment. According to officials, the upgrade package includes advanced avionics, […]
Pakistan’s Virtual Assets Authority Grants Conditional Approval to Binance and HTX
Pakistan has taken a major step toward regulating the digital asset sector by granting conditional approval to global crypto platforms Binance and HTX. The Pakistan Virtual Assets Regulatory Authority (PVARA) confirmed that both companies have received No Objection Certificates, allowing them to begin early-stage preparations for future operations in the country. According to PVARA, this […]
IMF Sets New Demands for Pakistan to Improve Governance, Tax System and Power Sector
Pakistan is now facing a fresh set of strict requirements from IMF as part of its ongoing bailout programme. The global lender has introduced 11 new conditions aimed at fixing problems in governance, tax collection, state-owned institutions, and key sectors such as energy and sugar. These additions bring the total number of conditions to 64 […]
Pakistan’s Civil Administration and Pension Costs Keep Rising Despite Cuts
Despite government efforts to reduce spending by downsizing ministries and abolishing thousands of vacant positions, Pakistan’s expenditure on civil administration and pension payments continues to grow at a fast pace. Latest data from the Ministry of Finance shows that the first quarter of FY26 recorded another sharp increase, highlighting persistent financial pressures. Between July and […]