Remittances sent by overseas Pakistanis have remained robust despite the rationalisation of incentives for banks and exchange companies. According to the State Bank of Pakistan (SBP), remittance inflows in the first two months of FY26 rose by 7pc, dispelling fears that a reduction in incentives would lead to a decline in remittances. In August, remittances totalled $3.137 billion, showing a
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,