Finance Minister Muhammad Aurangzeb Monday assured the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) of relief measures focused on export facilitation, tax reforms, digitization, and automation aimed at easing compliance and improving services for taxpayers and businesses. Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting at the Finance Divi
The Asian Development Bank (ADB) is likely to approve a financing facility of around USD 1.2 billion for the rehabilitation of Pakistan Railways’ Main Line-1 (ML-1) project from Karachi to Rohri section, for which the bank is also planning to bring in other development partners as co-financiers. This was revealed by well-placed sources while talking to Business Recorder. Speaking about ADB-s
Pakistan’s current account swung back into deficit in April as a sharp rise in imports, driven largely by higher global oil prices, outweighed earlier gains. The State Bank of Pakistan (SBP) reported on Monday that the current account posted a deficit of USD324 million in April 2026, compared with a surplus of USD1.134 billion in March 2026, which was the highest in a year. Current account p
Gold held steady on Tuesday as the dollar weakened and crude oil prices fell after U.S. President Donald Trump paused a planned attack against Iran, easing concerns about inflation and prolonged high interest rates. Fundamentals Spot gold was steady at $4,565.40 per ounce, as of 0103 GMT, after hitting its lowest level since March 30 in the previous session. US gold futures for June delive
Oil prices fell more than 2% in early Asian trade on Tuesday after US President Donald Trump said he had paused a planned attack on Iran to allow for negotiations to end the war in the Middle East. Brent futures for July delivery fell $3.01, or 2.7%, to $109.09 a barrel as of 0001 GMT, while US West Texas Intermediate crude for June delivery fell $1.38, or 1.3%, to $107.28. The two benchm