The government has decided to clear liabilities of banks and employees of the Pakistan Agricultural Storage and Services Corporation (Passco) by disposing of the old stored wheat through competitive bidding. Passco has been holding stocks of imported wheat since 2022 and paying billions of rupees in interest costs. During discussions in a recent meeting of […]
The government has projected the collection of an additional Rs132 billion annually from power consumers through fixed charges across various domestic categories. However, the net impact on cross-subsidy is estimated at Rs101 billion, as the government has reduced electricity tariffs by up to Rs1.53 per unit for CY2026. On Tuesday, the National Electric Power Regulatory […]
Special Assistant to the Prime Minister for Industries and Production Haroon Akhtar Khan on Tuesday addressed the Japan-Pakistan Business Forum, reaffirming that relations between the two countries are not limited to diplomacy but represent a strong, mature, and forward-looking economic partnership built on mutual trust and shared prosperity. Addressing the forum in the presence of […]
Pakistan received $3.46 billion in workers’ remittances in January 2026, maintaining strong external inflows despite mixed performance across major corridors, with Europe and Western economies showing robust growth while remittances from the United States and parts of Asia weakened, according to provisional data released by the State Bank of Pakistan (SBP). The January inflows were […]