Business

Government borrows $11 billion in first 10 months of current fiscal year

Published

3 months ago

May 24, 2026

Bilal

The government has borrowed $11 billion in the first 10 months (July to April) of the current fiscal year, according to official documents.

The numbers reflect a dramatic increase of 83% from the same period last year, when borrowing amounted to $6 billion. The aggregate external finance need for the current financial year stands at $19.39 billion.

The Economic Affairs Division said that in April alone, $4.5 billion was obtained and additional borrowing is likely in May and June.

The report said $8.31 billion was received under non-project aid and $2.75 billion under project aid in the July-April period, besides $120 million in awards.

The government has received more than Rs3,103 billion in local currency terms so far this fiscal year as compared to external finance of $570 million during the same period last year.

The IMF package is reported separately and is estimated at over $2.5 billion.

Key inflows included $1 billion of deferred oil payment facilities from Saudi Arabia and $480 million of loans from the Islamic Development Bank. Grants totalling about $218 million were received in April.

The report also says Pakistan relies on rollover arrangements, including deposits of $9 billion from Saudi Arabia and China, of which $3 billion from Saudi Arabia has already been rolled over. The UAE also reportedly received repayment of $3 billion in April.

Multilateral lenders including the Asian Development Bank, World Bank Group and Islamic Development Bank are likely to offer considerable financing through project and programme loans during the fiscal year.

Business

Dealers’ margin on petrol, diesel rises 14pc

Published

12 hours ago

August 22, 2026

Bilal

The dealers’ margin on petrol and diesel has been increased by 14 per cent with immediate effect and Rs1.34 per litre allowed for the dealers of both petroleum products.

The dealers’ profit has gone up from Rs8.64 to Rs9.98 per litre following the hike.

The rise in the dealers’ margin is effective from immediately.

The government had raised the price of fuel by Rs3.81 a litre the previous nite, bringing its new price to Rs341.59 a litre.

Likewise, the price of high-speed diesel was increased by Rs3.59 per litre, with the new price set at Rs368.29 per litre.

Business

Pakistan hikes fuel price by Rs3.81, diesel by Rs3.59 per litre

Published

13 hours ago

August 22, 2026

Bilal

The government has again hiked prices of fuel and high speed diesel and announced the new rates that would be effective for three days from Aug 22 to Aug 24.

An official statement said on Friday that the fuel price has been increased by Rs3.81 per litre to Rs341.59 per litre.

The price of high-speed diesel has also been raised by Rs3.59 per litre and the new price is Rs368.29 per litre.

The new tariffs will be effective from Aug 22 and will be valid till Aug 24.

The newest move comes after another change in petroleum prices as the government is revising fuel costs more often under its new pricing methodology.

Petrol and diesel costs remain significant to consumers and businesses as they directly effect household spending, transport and economic activity.

With the recent rise, a consumer buying 40 litres of fuel will now spend roughly Rs13,664, while filling a 50-litre tank will cost around Rs17,080 at the new rate.

High speed diesel has wider impact on economy through its wide use in transportation of commodities, agriculture and commercial vehicles. Higher diesel prices can raise freight and logistics costs, which can increase the cost of moving key commodities and other goods.