The Auditor General of Pakistan (AGP) on Monday rejected media reports alleging errors and miscalculations in its audit reports released last month, which had highlighted more than Rs375 trillion in financial irregularities, loss of public money and lack of intended impact of public investments. “AGP rejects allegations of errors in audit reports,” said a statement issued by the Department of t
As the Lahore-based Sui Northern Gas Pipelines Limited (SNGPL) continues, even in summers, with unannounced rationing of natural gas amid ongoing infighting over pipeline capacity allocation to a third party, the government is expected to impose a captive gas levy on gas distribution by the power sector to ensure a level playing field for public and private sector gas suppliers. This is despite
Following a surge in sugar prices, consumers are now facing higher costs for flour and roti across various parts of Pakistan as wheat and flour prices continue to rise. In Karachi, tandoor operators have raised the price of various roti varieties by an average of Rs2 per piece, which will mainly impact low- and middle-income groups, particularly daily wage earners and the labour class, who typi
The telecom industry, along with the GSMA, has urged the government not to use spectrum auctions as a revenue-generation tool. During a meeting on Monday, the Spectrum Advisory Committee, chaired by Finance Minister Muhammad Aurangzeb, discussed the challenges faced by the telecom sector. Key stakeholders, including the Chairman and CEO of the Telecom Operators Association (TOA), Amir Ibrahim,
Pakistan’s trade deficit with the Middle East surged by 22.38 per cent in the first month of FY26, largely driven by the rising influx of petroleum products from the region. According to data compiled by the State Bank of Pakistan, the trade deficit with the Middle East reached $1.323 billion in July FY26, up from $1.081bn during the same month last year. In FY25, the deficit with the region