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The State Bank of Pakistan has directed banks not to freeze or restrict customer accounts without verified legal authority. The move follows an Islamabad High Court ruling in which a private bank was fined for unlawfully blocking a citizen’s account.
Pakistan has taken a permanent seat at the International Olive Council for the first time, joining 27 other olive-producing nations at the body’s meeting in Lisbon. Officials say the move can support quality standards, technical cooperation and growth of Pakistan’s emerging olive industry.
The federal government has created a Petroleum Prices Stabilisation Fund to help manage sharp fluctuations in fuel prices. The Finance Division, Petroleum Division and OGRA will prepare the operating framework, while federal and provincial institutions have been informed for implementation.
The government has issued the Gazette notification for the Finance Act 2026–27, making the new federal budget legally enforceable from July 1. The law covers tax measures, customs duties, sales tax provisions and revenue decisions that will shape fiscal implementation in the new financial year.
The Pakistan Stock Exchange rallied strongly on Tuesday as the KSE-100 index gained more than 1,000 points in intraday trade. Broad-based buying in banking, cement, automobile, energy and refinery stocks helped lift market sentiment and restore momentum.
The FIA has booked senior executives and officials linked to an oil marketing company over alleged multi-billion rupee customs fraud involving bonded petroleum products. GO Petroleum denies defaulting on statutory dues and says it is cooperating with authorities through the legal process.
OGDCL has started producing 2,000 barrels of oil per day from the Bobi Deep-1 well in Sindh’s Sanghar district. The company says the project was completed through indigenous capabilities and will support Pakistan’s domestic energy supply.
A Senate subcommittee expelled an FBR operations chief from a meeting after accusing him of giving misleading information on tobacco-sector tax evasion. The panel also sought records on media campaigns and recommended action against the official.
The Sindh Assembly has approved the Rs3.562 trillion budget for FY2026-27 along with the Finance Bill and a Rs273 billion supplementary budget. Opposition cut motions were rejected, and the session was prorogued after passage of the financial measures.
Petroleum Minister Ali Pervaiz Malik says the government plans further fuel price relief as global oil rates decline. He said public interest would guide pricing decisions and that Prime Minister Shehbaz Sharif had directed him not to accept pressure in matters affecting consumers.
Finance Minister Muhammad Aurangzeb has announced a special bonus equal to six basic salaries for officers and employees involved in the federal budget process. The move comes after formal approval of the 2026-27 budget and has drawn attention to public-sector incentives and fiscal priorities.
Pakistan has kept petrol at Rs299.50 per litre and high-speed diesel at Rs311.47 per litre after the latest weekly review. The decision offers short-term price stability for households, transporters and businesses amid continuing inflation concerns.
