Author: Admin

KARACHI: The federal budget for FY2026-27 introduced limited changes for Pakistan’s auto sector, with policymakers opting to defer major reforms until the announcement of the forthcoming Auto Policy 2026-31, expected to take effect from July 1 following approval by the prime minister and federal cabinet. Presenting the budget, Finance Minister Muhammad Aurangzeb stated that the new auto policy is currently under review by the Prime Minister’s Committee and will be presented before Parliament once finalized. EV Incentives Extended As part of the government’s push toward cleaner transportation, incentives on the…

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KARACHI: Pakistan’s business community has given a cautious reception to the federal budget for FY2026-27, acknowledging several tax relief measures while expressing disappointment over the absence of a comprehensive strategy to accelerate exports, strengthen manufacturing, and attract investment. Industry representatives described the Rs18.7 trillion budget as a blend of modest incentives and missed opportunities, arguing that it lacks the bold reforms needed to drive sustainable economic growth and enhance Pakistan’s global competitiveness. FPCCI Welcomes Relief Measures, Calls for Growth-Focused Reforms Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President…

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ISLAMABAD: Adhering to key conditions set by the International Monetary Fund (IMF) while attempting to stimulate economic activity, Finance Minister Muhammad Aurangzeb on Friday unveiled the federal budget for FY2026-27, featuring tax relief for salaried individuals, businesses, exporters, and the real estate sector alongside enhanced allocations for defence and social protection. Presenting his third federal budget, the finance minister outlined a strategy focused on boosting productivity, exports, agricultural output, and the information technology sector while maintaining fiscal discipline under the IMF programme. A major feature of the budget is a…

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SINGAPORE: A Pakistan-bound liquefied natural gas (LNG) tanker is among several vessels that have recently exited the Strait of Hormuz with transponders switched off, according to ship-tracking data from LSEG and Kpler, as regional tensions escalate following continued US-Iran exchanges of attacks. The development comes as three additional LNG carriers were reported to have passed through the strategic waterway and are now heading toward Asian destinations, although the exact timing of their transit remains uncertain due to intermittent tracking signals. Among them, the QatarEnergy-controlled LNG tanker Lebrethah, which loaded cargo…

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