Izaan Enterprises

28/07/2026

06/07/2026

*BMA Capital Management Ltd.*
*Morning News 06-July-2026*

*Pakistan, Turkiye eye $5bn trade milestone as ties deepen*
Pakistan and Türkiye have expressed their commitment to increase bilateral trade volume to five billion dollars, while discussing enhanced bilateral trade, investment in economic zones and greater economic cooperation.
https://e.thenews.pk/detail?id=492124

*SBP sees 4% growth despite export lag*
State Bank of Pakistan (SBP) Governor Jameel Ahmad called an urgent press conference on Friday to share the positive outlook, projecting GDP growth of around 4% for fiscal year 2026, higher than the government's provisional growth estimate of 3.7% for FY26.
https://tribune.com.pk/story/2616391/sbp-sees-4-growth-despite-export-lag

*SBP sees stronger growth, record remittances in FY27*
Pakistan’s central bank on Friday showed optimism about economic growth, projecting remittances to reach a record $44 billion in the fiscal year that began on July 1 and its foreign exchange reserves to surpass $20.2 billion by December 2026.
https://e.thenews.pk/detail?id=492031

*USD331bn climate financing needed by 2030: SBP*
As climate risks continue to intensify, Pakistan will require an estimated USD331 billion in climate financing during 2024-2030 to strengthen resilience and prevent massive economic losses caused by climate change.
https://www.brecorder.com/news/40428676/usd331bn-climate-financing-needed-by-2030-sbp

*Cement dispatches climb 7.2pc to 50.5m tonnes in FY26*
The cement industry recorded a 7.21 per cent increase in total dispatches during fiscal year 2025-26, driven by strong domestic demand despite a slight decline in exports
https://e.thenews.pk/detail?id=491835

*Services exports jump 17.38pc*
Pakistan’s services exports rose 17.38 per cent during the first 11 months of just ended FY26, driven largely by higher earnings from the information technology (IT) sector
https://www.dawn.com/news/2013056/services-exports-jump-1738pc

*Weekly inflation down by 0.98pc*
The Sensitive Price Indicator (SPI)-based weekly inflation decreased by 0.98 per cent during the week ended on July 2 for the combined consumption group, the Pakistan Bureau of Statistics (PBS) reported on Friday.
https://e.thenews.pk/detail?id=491833

*Petrol, diesel prices reduced by Rs1.97 per litre*
The federal government has cut petrol and diesel prices by Rs1.97 per litre with immediate effect, offering consumers a fresh, if modest, dose of relief after weeks of unchanged rates.
https://www.thenews.pk/story/1423833-petrol-diesel-prices-reduced-by-rs197-per-litre

*Refinery product offtake falls 8.1pc in June*
Refinery product offtake declined 8.1 per cent year-on-year (YoY) in June 2026, primarily due to a sharp contraction in demand for high-speed diesel (HSD) and furnace oil (FO), while refinery production continued to rise, leading to higher inventory accumulation.
https://e.thenews.pk/detail?id=491830

*Oil slips after OPEC+ agrees to raise output targets*
Oil prices inched lower on Monday after OPEC+ agreed to further increase its output targets from August while exports from key producers via the Strait of Hormuz are recovering, potentially adding to global supplies.
https://www.reuters.com/business/energy/oil-slips-after-opec-agrees-raise-output-targets-2026-07-06/

*Tax system to be fully digitalised to plug corruption:Aurangzeb*
Minister for Finance Senator Muhammad Aurangzeb on Friday said the government was fully digitising the taxation system to eliminate tax leakages and corruption, increase revenue collection, and bring greater transparency to the tax administration.
https://e.thenews.pk/detail?id=492024

*Pakistan cuts power sector losses by 45pc: Leghari*
Pakistan has slashed inefficiencies in its electricity distribution network by more than 45 percent over the past two years through sweeping structural reforms, Federal Energy Minister Sardar Awais Ahmad Khan Leghari said Saturday.
https://e.thenews.pk/detail?id=492177

*Ogra notifies 15pc increase in Regasified Liquefied Natural Gas price for June*
The Oil and Gas Regulatory Authority (Ogra) has notified an around 15pc increase in the price of Regasified Liquefied Natural Gas (RLNG) for sales at the distribution stage by the two Sui gas companies for the current month
https://www.dawn.com/news/2013262/ogra-notifies-15pc-increase-in-regasified-liquefied-natural-gas-price-for-june

*Senate body briefed about NEV policy*
The Senate Standing Committee on Industries and Production met here on Friday with Khalida Ateeb in the chair. The Committee received a detailed briefing from the Ministry of Industries and Production on the National Electric Vehicle (NEV) Policy.
https://www.brecorder.com/news/40428414/senate-body-briefed-about-nev-policy

*Tariff anomaly threatens auto sector*
The Pakistan Automotive Manufacturers Association (PAMA) has urged Prime Minister Shehbaz Sharif for urgent intervention to protect the country's auto industry, warning that recent tariff anomalies threaten investments of over $5 billion and livelihoods of nearly 2.5 million families.
https://tribune.com.pk/story/2616401/tariff-anomaly-threatens-auto-sector

*Ankara urges revision in soda ash duties*
During Prime Minister Shehbaz Sharif's current visit, Turkiye's Ministry of Trade has raised significant concerns regarding the methodology used by Pakistan's National Tariff Commission (NTC) to determine the injury margin in its anti-dumping investigation of soda ash imports from Turkiye and Kenya.
https://tribune.com.pk/story/2616509/ankara-urges-revision-in-soda-ash-duties

USD/PKR: 278.12
BRENT (ICE): 71.73 USD/bbl
ARAB (LIGHT): 75.04 USD/bbl

15/06/2026

*BMA Capital Management Ltd.*
*Morning News 15-June-2026*

*US, Iran reach peace deal, signing set for Friday, Pakistan says*
The United States and Iran have reached a deal to end their war and will hold an official signing ceremony on Friday in Switzerland, Pakistani Prime Minister Shehbaz Sharif said on social media early on Monday.
https://www.brecorder.com/news/40425575/us-iran-reach-peace-deal-signing-set-for-friday-pakistan-says

*Oil slips 4% as US, Iran reach peace deal to reopen Strait of Hormuz*
Oil prices slipped to their lowest since March on Monday after US President Donald ‌Trump and Iran’s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz.
https://www.brecorder.com/news/40425579/oil-slips-4-as-us-iran-reach-peace-deal-to-reopen-strait-of-hormuz

*Policy rate hike unlikely in final FY26 review*
The grounds for an increase in the policy rate have largely disappeared ahead of the State Bank of Pakistan’s (SBP) upcoming monetary policy announcement, as global oil prices have either remained stable or eased despite heightened tensions in the Gulf, market participants said.
https://www.dawn.com/news/2007671/policy-rate-hike-unlikely-in-final-fy26-review

*Budget 2026-27: Steeper fines introduced for tax compliance*
The government has substantially increased penalties for late filing of income tax returns, restoration to the active taxpayers list, and deficiencies in document accessibility and formatting, apparently an effort to strengthen tax compliance.
https://www.dawn.com/news/2007674

*Finance minister addresses post-budget press conference: ‘We’re now moving forward toward growth’*
Finance Minister Muhammad Aurangzeb on Saturday said that the 2026–27 Budget reflects the government’s commitment to shifting the economy from stability towards export-led growth, while embedding measures to create an enabling environment that are backed by tax incentives for various sectors.
https://www.brecorder.com/live/budget-2026-27 #40425440

*Refineries’ upgradation: Sales tax waived on capital goods imports*
The government has granted an exemption of sales tax on import of capital goods for upgradation and overhaul of existing refineries as part of a package of sales tax relief measures announced in the Finance Bill 2026-27
https://www.brecorder.com/live/budget-2026-27 #40425442

*FY2027 budget proposes lower tax rates for salaried workers*
The federal government on Friday proposed income tax relief for salaried individuals in four income slabs and the abolition of surcharge on the salaried class
https://www.thenews.pk/story/1420208-fy2027-budget-proposes-lower-tax-rates-for-salaried-workers

*18% sales tax abolition on shipping hailed as major boost*
The government has abolished the 18% sales tax on the shipping industry in the 2026-27 budget.
https://mettisglobal.news/18-sales-tax-abolition-on-shipping-hailed-as-major-boost-61104

*Govt suggests 7% salary increase in FY27 budget*
The federal government has proposed a 7% increase in the salaries of government employees for the fiscal year 2026-27, according to official budget documents.
https://www.thenews.pk/story/1420210-fy27-budget-govt-proposes-7-salary-pension-hike

*Punjab leads as provinces set to contribute Rs1.04tr to Centre*
Punjab will account for more than half of the provinces’ financial transfers to the federal government in the fiscal year 2026-27, according to budget documents. It is expected to provide Rs555.69 billion, accounting for nearly 54 per cent of the total projected transfers to the federal government.
https://www.thenews.pk/print/1420712-punjab-leads-as-provinces-set-to-contribute-rs1-04tr-to-centre

*FBR expects Rs5.5tr additional revenue through documentation, digital monitoring*
The Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial has said that Pakistan’s tax authorities expect to generate around Rs5.5 trillion in additional revenue through expanded documentation of the economy, digital monitoring systems and reforms aimed at bringing untaxed sectors into the tax net.
https://www.thenews.pk/print/1420713-fbr-expects-rs5-5tr-additional-revenue-through-documentation-digital-monitoring

*ECC clears Rs9.2bn supplementary funding*
he Economic Coordination Committee (ECC) of the Cabinet on Saturday approved the provision of an additional 50,000 metric tons of wheat to the Khyber Pakhtunkhwa government and sanctioned technical supplementary grants (TSGs) exceeding Rs9.19bn for various federal projects and operational requirements.
https://mettisglobal.news/ECC-clears-Rs92bn-supplementary-funding-61102

*Petrol down Rs4/litre, diesel Rs2*
The Ministry of Energy (Petroleum Division) declared a reduction in petroleum product prices for the next week i.e. Petrol reduced by Rs4/litre and diesel by Rs2, effective from June 13, 2026.
https://mettisglobal.news/Petrol-down-Rs4litre-diesel-Rs2-61092

*Pakistan's power sector reforms deliver Rs143bn savings*
Pakistan has achieved significant milestones in the energy sector over the past year, with the government implementing far-reaching reforms aimed at strengthening energy security, reducing costs and ensuring long-term sustainability.
https://mettisglobal.news/Pakistans-power-sector-reforms-deliver-Rs143bn-savings-61088

*Textile body welcomes FY27 budget measures, seeks final tax regime for exporters*
The Pakistan Textile Council (PTC) has welcomed the government’s business and export-oriented measures announced in the Finance Bill 2026-27, describing them as a positive step toward boosting investment confidencehttps://www.brecorder.com/news/40425476/textile-body-welcomes-fy27-budget-measures-seeks-final-tax-regime-for-exporters

*Import of aircraft, parts: ST exemption solely for PIACL opposed*
The Senate Standing Committee on Finance Sunday strongly opposed a proposal to grant sales tax exemption on the import of aircrafts and parts by only Pakistan International Airlines Corporation Limited (PIACL) and directed the government to include names of all airlines in the list of exemption to avoid discrimination.
https://www.brecorder.com/news/40425555/import-of-aircraft-parts-st-exemption-solely-for-piacl-opposed

*Proposal seeking abolishment of CVT on foreign assets approved*
Senate Standing Committee on Finance Sunday approved a budgetary proposal to abolish Capital Value Tax (CVT) on foreign assets to facilitate resident Pakistanis having assets abroad.
https://www.brecorder.com/news/40425557/proposal-seeking-abolishment-of-cvt-on-foreign-assets-approved

USD/PKR: 278.32
BRENT (ICE): 83.20 USD/bbl
ARAB (LIGHT): 92.68 USD/bbl

PM Shehbaz Sharif says pact called for 'immediate and permanent termination of military operations on all fronts, including in Lebanon'

03/06/2026

*BMA Capital Management Ltd.*
*Morning News 03-June-2026*

*Pakistan projected to post 21-year low budget deficit in outgoing FY26*
Pakistan is projected to post a 21-year low budget deficit of 3.6% of GDP (gross domestic product) in the outgoing fiscal year 2025-26 (FY26), showing the government is maintaining a tight fiscal discipline under the ongoing International Monetary Fund (IMF) progrmme, according to a local research house.
https://www.brecorder.com/news/40423651/pakistan-projected-to-post-21-year-low-budget-deficit-in-outgoing-fy26

*Federal Budget on 10th*
The federal government will present its budget for the financial year 2026-27 on June 10. This was stated by senior Pakistan Muslim League-Nawaz (PML-N) leader and Member of the National Assembly (MNA), Tahira Aurangzeb, to this correspondent. No notification to this effect has yet been issued by the parliament secretariat.
https://www.brecorder.com/news/40423725/federal-budget-on-10th

*Pakistan suffers $1.4bn trade loss on Afghan border closure*
Pakistan’s trade sector has absorbed a blow of more than $1.4 billion in recent months as twin disruptions, the closure of the Afghan border and logistical turmoil across Gulf trade routes, squeezed exports and transit earnings, officials informed a parliamentary panel on Tuesday.
https://mettisglobal.news/Pakistan-suffers-14bn-trade-loss-on-Afghan-border-closure-60801

*Financial inclusion soars to 69pc in CY25: SBP*
The State Bank of Pakistan (SBP) has achieved all headline targets under the National Financial Inclusion Strategy 2024-2028 (NFIS28), meeting every annual benchmark set for the period and recording notable progress across key financial indicators. Financial inclusion rose to 69 percent by the end of calendar year 2025, up from 64 percent in CY23, while the gender gap narrowed to 29 percent from 34 percent over the same period.
https://www.brecorder.com/news/40423731/financial-inclusion-soars-to-69pc-in-cy25-sbp

*CPEC 2.0 targets green energy, industry*
The focus of Pakistan-China cooperation has evolved from infrastructure development to industrialisation, technological advancement, green energy, and sustainable economic growth, said Adeel Munawar, Commercial Ambassador of the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI).
https://tribune.com.pk/story/2611147/cpec-20-targets-green-energy-industry

*Exports fail to take off despite big Uraan target*
Despite the government’s much-publicized Uraan programme targeting USD60 billion in exports, the Commerce Ministry on Tuesday admitted that the country’s exports remain stagnant, citing anti-export taxes, high energy and financing costs, and structural hurdles that increase the cost of doing business in the country.
https://www.brecorder.com/news/40423730/exports-fail-to-take-off-despite-big-uraan-target

*May cement dispatches decline 21.02pc to 3.837m tonnes YoY*
The Pakistan’s cement industry witnessed a sharp downturn in May 2026, with total cement despatches falling by 21.02 percent year-on-year to 3.837 million tonnes compared to 4.858 million tonnes dispatched during the corresponding month of the previous fiscal year, reflecting subdued construction activity and continued challenges facing the sector.
https://www.brecorder.com/news/40423686/may-cement-dispatches-decline-2102pc-to-3837m-tonnes-yoy

*Pakistan's fertilizer sector achieves 8% growth in 5MCY26*
Pakistan's fertilizer sector achieved an 8% year-on-year growth in cumulative urea sales during the first five months of 2026, with overall offtakes climbing to 1,908k tons.
https://mettisglobal.news/Pakistans-fertilizer-sector-achieves-8-growth-in-5MCY26-60796

*Non-interest spending jumps 18.8pc*
Despite claims of austerity measures, Pakistan’s current expenditure, excluding interest payments, surged by almost 19 per cent over nine months of the current fiscal year (CFY), while national savings and energy consumption fell.
https://www.dawn.com/news/2004787/non-interest-spending-jumps-188pc

*Power Division moves NEPRA for approval: Extra charges on wheeling consumers likely*
The Power Division has formally approached National Electric Power Regulatory Authority (NEPRA) for approval to impose additional charges on wheeling consumers under a uniform grid charges mechanism, to be implemented nationwide as Use of System Charges (UoSC), including for K-Electric.
https://www.brecorder.com/news/40423726/power-division-moves-nepra-for-approval-extra-charges-on-wheeling-consumers-likely

*Rs1.73-per-unit tariff hike sought*
Electricity prices in Pakistan are likely to rise by Rs1.73 per unit under the monthly fuel cost adjustment (FCA) for April, say officials, as the power sector grapples with shifting demand patterns, fuel supply disruptions and rising generation costs.
https://tribune.com.pk/story/2611139/rs173-per-unit-tariff-hike-sought

*Beverage industry proposes reduction in taxes from 20pc to 15pc ahead of FY2026-27 budget*
The beverage industry has proposed reducing the Federal Excise Duty (FED) on aerated waters from 20 per cent to 15pc. It assured that the legitimate beverage industry would generate an additional Rs8 billion in gross tax revenues in the first year and projected cumulative gross tax collections of around Rs63 billion over a three-year period.
https://www.dawn.com/news/2004654/beverage-industry-proposes-reduction-in-taxes-from-20pc-to-15pc-ahead-of-fy2026-27-budget

*SECP registers 3,161 new companies in May*
The Securities and Exchange Commission of Pakistan (SECP) registered 3,161 new companies during May 2026, taking the total number of registered companies in the country to 297,239.
https://mettisglobal.news/SECP-registers-3161-new-companies-in-May-60788

*Oil prices rise as new Middle East hostilities flare and talks stall*
Oil prices climbed more than 1% in early trade on Wednesday as hostilities in the Middle East erupted anew with Iran firing missiles at Kuwait and Bahrain, while diplomatic talks between Iran and the United States showed little progress.
https://www.brecorder.com/news/40423754/oil-prices-rise-as-new-middle-east-hostilities-flare-and-talks-stall

*Treet Battery Limited Signs MOU with CNTE*
Treet Battery Limited (PSX:TBL) has officially entered into a Memorandum of Understanding (MOU) with China-based Contemporary Nebula Technology Energy Co., Ltd. ("CNTE") to explore long-term strategic cooperation opportunities in Pakistan's energy storage sector.
https://mettisglobal.news/Treet-Battery-Limited-Signs-MOU-with-CNTE-60789

USD/PKR: 278.46
BRENT (ICE): 96.96 USD/bbl
ARAB (LIGHT): 103.73 USD/bbl

Budget deficit expected at 3.6% of GDP in FY26, against 5.4% of GDP in FY25

02/06/2026

*BMA Capital Management Ltd.*
*Morning News 02-June-2026*

*Govt approves 4% growth target*
The government on Monday approved a tamed economic growth target of 4% for the new fiscal year after it could not fix chronic ills during the past four years holding back higher growth, and it projected imports crossing $70 billion amid growing external sector pressures.
https://tribune.com.pk/story/2610991/govt-approves-4-growth-target

*Federal budget FY2026–27: Govt to slash power sector subsidies by around 20pc*
The government is set to slash power sector subsidies by around 20 percent to Rs 830 billion in the federal budget for 2026–27, compared to an allocation of Rs 1.036 trillion in 2025–26 and 7 percent from revised allocation of Rs 893 billion.
https://www.brecorder.com/news/40423570/federal-budget-fy2026-27-govt-to-slash-power-sector-subsidies-by-around-20pc

*Govt okays Rs4.3tr development plan*
The federal government on Monday cleared Rs4.3 trillion worth national development programme for the new fiscal year, three-fourth of it funded by provinces, including Rs87 billion allocations for what Planning Minister Ahsan Iqbal called the "cost of a coalition government".
https://tribune.com.pk/story/2611017/govt-okays-rs43tr-development-plan

*CPI inflation surges to 23-month high*
The Consumer Price Index-based inflation surged to 11.7 percent year-on-year (YoY) in May 2026, the highest in 23 months, amid worsening Middle East tensions that have intensified energy-related pressures.
https://epaper.brecorder.com/2026/06/02/1-page/1105298-news.html

*Business leaders, PM in pre-budget consultations*
With federal budget for 2026-27 due to be unveiled on June 5, senior business leaders from across the country called on Prime Minister Shehbaz Sharif on Monday, pressing their case for tax relief, faster refunds and deeper reforms to revive a still-fragile economy.
https://www.brecorder.com/news/40423562/business-leaders-pm-in-pre-budget-consultations

*Requirements total Rs4.097trn: Rs1.126trn set aside for FY27 PSDP: Ahsan*
Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal has said that the Ministry of Finance has allocated Rs1.126 trillion for the Public Sector Development Programme (PSDP) 2026–27 against total development requirements of Rs4.097 trillion, resulting in a funding gap of nearly Rs3 trillion.
https://www.brecorder.com/news/40423566/requirements-total-rs4097trn-rs1126trn-set-aside-for-fy27-psdp-ahsan

*PM orders clearance of tax refunds*
A delegation of top leadership from chambers of commerce and industry across the country met with the prime minister, presenting proposals for the upcoming budget. The prime minister directed that all pending tax refund cases be cleared by June 15.
https://tribune.com.pk/story/2610987/pm-orders-clearance-of-tax-refunds

*SBP adds SAR, AED to Naya Pakistan Certificates*
The State Bank of Pakistan has issued updated rates of return for Conventional Naya Pakistan Certificates (NPCs), effective June 1, 2026. In a significant expansion, NPCs will now also be available in Saudi Arabian Riyal (SAR) and UAE Dirham (AED), in addition to the existing USD, PKR, GBP, and Euro denominations.
https://mettisglobal.news/SBP-adds-SAR-AED-to-Naya-Pakistan-Certificates-60769

*Dar, Araghchi discuss recent developments*
Deputy Prime Minister and Foreign Minister (DPM/FM) Senator Mohammad Ishaq Dar on Monday spoke with the Foreign Minister of Iran, Seyed Abbas Araghchi, and discussed with him the current regional situation and developments of mutual interest.
https://www.brecorder.com/news/40423558/dar-araghchi-discuss-recent-developments

*EU outlines new GSP+ terms*
Pakistan and the European Union (EU) emphasized the importance of strong economic relations, reaffirming their commitment to continuing cooperation under the Generalised Scheme of Preferences Plus (GSP+) framework.
https://www.brecorder.com/news/40423563/eu-outlines-new-gsp-terms

*Power distribution network; ADB proposes USD130m loan-financed project*
The Asian Development Bank (ADB) has proposed a USD 130 million loan-financed project for strengthening Pakistan’s power distribution network through the deployment of advanced digital technologies across five electricity distribution companies (Discos).
https://epaper.brecorder.com/2026/06/02/1-page/1105304-news.html

*Govt raises LPG prices 1.63pc for June*
The Oil and Gas Regulatory Authority (Ogra) raised liquefied petroleum gas (LPG) prices by 1.63 per cent for June 2026 on Monday, pushing the cost of a standard household cylinder above Rs3,600 and extending a sharp run-up in cooking fuel costs that began with the Middle East conflict.
https://www.thenews.pk/print/1418316-govt-raises-lpg-prices-1-63pc-for-june

*Ogra approves export of 100,000 tonnes of furnace oil by Parco*
The Oil and Gas Regulatory Authority (Ogra) has approved the export of 100,000 metric tonnes (MT) of furnace oil by Pak Arab Refinery Limited (Parco) during June 2026, according to an official communication issued by the regulator.
https://www.thenews.pk/print/1418317-ogra-approves-export-of-100-000-tonnes-of-furnace-oil-by-parco

*PTC for competitive budget steps to revive exports & industries*
Pakistan Textile Council (PTC) Chairman Fawad Anwar has urged the government to adopt the textile and apparel industry’s budget recommendations for FY2026-27, warning that these proposals represent the minimum requirements necessary to preserve the viability of Pakistan’s largest export sector.
https://www.brecorder.com/news/40423567/ptc-for-competitive-budget-steps-to-revive-exports-amp-industries

*OPEC+ likely to raise July oil output target*
OPEC+ oil-producing countries will likely agree a further hike in their output target for July when they meet on Sunday, three sources said, though the Iran war has so far prevented several from delivering previous increases.
https://www.brecorder.com/news/40423544/opec-likely-to-raise-july-oil-output-target

*Oil steadies as uncertainty over US-Iran talks keeps markets on edge*
Oil prices held on to most of the previous session’s sharp gains in early trade on Tuesday on uncertainty over the status of ceasefire talks between the United States and Iran and the potential reopening of the Strait of Hormuz.
https://www.brecorder.com/news/40423586/oil-steadies-as-uncertainty-over-us-iran-talks-keeps-markets-on-edge

USD/PKR: 278.47
BRENT (ICE): 94.34 USD/bbl
ARAB (LIGHT): 103.62 USD/bbl

Govt approves 4% growth target