The International Monetary Fund (IMF) has reacted to a major breach of the $7 billion programme and conveyed its reservations about the government's decision to import 500,000 metric tonne of sugar by waiving taxes, in violation of written commitments. The development came as sugar prices officially hit Rs200 per kg for the first time in the country's history, according to the Pakistan Bureau o
Petrol and diesel prices in Pakistan are expected to increase by up to Rs6.60 per litre for the next 15 days, following a continued upward trend in global crude oil prices, according to industry sources. At the time of reporting, the proposed hike includes a Rs6.60 per litre increase in petrol and a Rs5.27 per litre rise in high-speed diesel (HSD). Conversely, the prices of kerosene and ligh
Pakistan has long awaited this moment of certainty, optimism, and stability. The broader KSE-100 index of the Pakistan Stock Exchange (PSX) has surged to historical levels, crossing 134,000, and remains an attractive proposition. Just a few years ago, many had written Pakistan off, fearing imminent default, while even the most optimistic analysts couldn't foresee the remarkable transformation n
The taxpayers of Pakistan have started feeling the aftershocks of the Finance Act 2025, which came into effect from July 1, 2025. The federal government has set an ambitious revenue target of Rs19.278 trillion for fiscal year 2025-26, from which the tax revenue target is Rs14.131 trillion. This marks a significant jump compared to the revised target of Rs11.9 trillion for fiscal year 2024-25. T
Gold prices climbed further on Monday in both international and domestic markets, continuing an upward trend that has persisted for several sessions. According to market reports, the international bullion rate increased by $16, bringing the price of gold to $3,372 per ounce. Spot gold was up 0.4% at $3,367.51 per ounce, after hitting its highest level since June 23 earlier in the session.