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On Wednesday, Pakistan’s central bank revealed that the country will repay a total of $24.8 billion in foreign debt and interest payments for the fiscal year 2024-25. This figure is a reduction from the previous projection of $26.2 billion, representing a 5% decrease of $1.4 billion. The adjustment indicates that meeting financial obligations might be more manageable than initially anticipated. …

Prime Minister Shehbaz Sharif has announced a major reduction in petroleum product prices following a decline in global crude oil prices, bringing much-needed relief to the public. The Ministry of Finance issued an official notification on Wednesday confirming the price adjustments, effective from midnight and valid for the next fifteen days. Under the new rates, the price of petrol has …

The Federal Board of Revenue (FBR) has made a strong start in the new fiscal year by surpassing its first-month target of Rs656 billion. The FBR collected Rs659.5 billion, reflecting a growth rate of just under 22%. This robust performance is crucial as the agency aims for an ambitious annual tax target of nearly Rs13 trillion, which requires a 40% …