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Budget 2026-27 Announcement Uncertain as Centre, Provinces Remain at Odds Over Fiscal Demands

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Budget

ISLAMABAD: The presentation of Pakistan’s federal budget for 2026-27 has been thrown into uncertainty after the meeting of the National Economic Council (NEC) was postponed for the third consecutive time amid unresolved disputes between the federal government and provinces over fiscal resource sharing. Originally scheduled for June 8, the NEC meeting was deferred at the last moment as negotiations continued over the federal government’s proposal to secure more than Rs1 trillion in additional funding for strategic national requirements. The proposal involves freezing provincial shares under the National Finance Commission (NFC)…

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Pakistan Among Most Climate-Vulnerable Nations, Faces Heavy Economic Losses: SBP Report

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KARACHI: Pakistan remains one of the world’s most climate-vulnerable countries despite contributing only a minimal share to global greenhouse gas (GHG) emissions, according to a detailed report released by the State Bank of Pakistan (SBP) in its half-yearly economic review. The report noted that climatic disasters in Pakistan during 2000-2024 were significantly higher than both global and regional averages, continuing a trend observed over the previous two decades. The SBP highlighted the country’s difficult balancing act of pursuing economic growth while simultaneously reducing its emission intensity. “Pakistan faces a particularly…

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12 IPPs with 2,577MW Capacity to Retire Over Next Decade: Power Division

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ISLAMABAD: The Power Division has announced that 12 Independent Power Producers (IPPs) with a combined capacity of 2,577MW are scheduled to retire over the next 10 years as part of Pakistan’s evolving power sector landscape. According to the ministry, IPP agreements are structured around commissioning timelines and system requirements, making it neither technically feasible nor commercially viable to terminate all contracts simultaneously. These agreements are typically reviewed upon completion, with some plants retiring while others may receive extensions to maintain grid stability and ensure reliable electricity supply. A spokesperson emphasized…

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OGDCL Announces Financial Results for the Nine Months Ended March 31, 2026; Declares Highest Third Quarterly Dividend of Rs 3.25 per Share, Taking Nine-Month Payout to Record Rs 11.00 per Share ISLAMABAD, April 29, 2026:

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OGDCL Announces Financial Results for the Nine Months Ended March 31, 2026; Declares Highest Third Quarterly Dividend of Rs 3.25 per Share, Taking Nine-Month Payout to Record Rs 11.00 per ShareISLAMABAD, April 29, 2026: The Board of Directors of Oil & Gas Development Company Limited (OGDCL), in its meeting held on Wednesday, April 29, 2026, announced the financial results for the nine months ended March 31, 2026, and declared a third interim cash dividend of Rs 3.25 per share (32.50%) — the highest third quarterly dividend in the Company’s history.…

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Pakistan Faces Widespread Blackouts as LNG Crisis Deepens Amid Middle East Conflict

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ISLAMABAD: Pakistan is bracing for prolonged and widespread power outages as a deepening shortage of liquefied natural gas (LNG), triggered by escalating tensions in the Middle East, severely disrupts electricity generation, according to a report by Bloomberg. The country’s power shortfall surged to around 4,500 megawatts during peak evening hours, accounting for nearly a quarter of total demand, officials said. The crisis has intensified as the Iran–US conflict disrupts regional energy flows and effectively shuts down the critical Strait of Hormuz. Compounding the situation, LNG exports from Qatar—Pakistan’s primary supplier—have…

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