Industry and Power Division Seek Fuel Levy Cut to Reduce Electricity Costs
Industrial representatives and officials from Pakistan's Power Division have called for a reduction or removal of petroleum levies on furnace oil and diese.
Pakistan economy news, inflation, interest rates, taxation, energy and economic policy.
Industrial representatives and officials from Pakistan's Power Division have called for a reduction or removal of petroleum levies on furnace oil and diese.
Pakistan receives its third October LNG cargo from Qatar as winter demand approaches and regional energy shipments face uncertainty.
Pakistan raises high-speed diesel by 85 paisas to Rs400.67 per litre for October 30 while keeping petrol at Rs377.91.
Pakistan’s Finance Division projects October inflation of 9.5–10.5%, citing volatile global energy markets and continued pressure on household costs.
World Bank outlook projects a 6% fall in Pakistan’s cotton production in 2026–27, raising concerns over textile-sector supplies.
The World Bank forecasts a 23% increase in global commodity prices in 2026, raising risks for fuel and food importers.
State Bank governor Jameel Ahmad says Pakistan's economy is recovering but warns of continuing inflation and external risks.
The World Bank has proposed $600 million in financing for a five-year programme aimed at expanding private investment, improving trade competitiveness and creating employment opportunities in Pakistan.
Pakistan has approved revisions to cash transaction reporting thresholds under its anti-money-laundering framework, alongside measures covering virtual asset regulation and maritime piracy offences.
Pakistan has reduced petrol prices to Rs376.06 per litre while increasing high-speed diesel to Rs398.07, with the revised rates effective October 28 under the government’s daily fuel-pricing system.
Pakistan recorded 6.71 million income tax returns by October 14, up more than 34% from a year earlier, as the Federal Board of Revenue extended the filing deadline to October 31.
Pakistan’s central bank has increased its annual workers’ remittance forecast by $1 billion, citing stronger inflows while projecting further growth in foreign exchange reserves through June 2027.
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