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Pakistan needs to win economically after Marka-e-Haq: minister

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Planning, Development, and Special Initiatives Minister at the Federal Level Following the achievement of the “Marka-e-Haq,” Ahsan Iqbal stated on Saturday that Pakistan must now achieve a “Marka-e-Maeeshat” (economic victory), since a robust defense cannot exist without a robust economy.

During his visit to the Lahore Chamber of Commerce and Industry (LCCI), he engaged with the business community and stated that Pakistan may become one of the world’s top economies if it concentrates on exports, industrial growth, and economic reforms over the next ten years.

Because history has demonstrated that weak economies cannot support powerful defense systems, Ahsan Iqbal stated that the nation as a whole now has an obligation to rebuild the economy in light of the “Battle of Truth.”

According to him, the government is collaborating with the business sector to advance exports, industrial development, and tax net expansion.

The goal of reaching 100 billion dollars in exports by 2035, he continued, is just as crucial for Pakistan as obtaining nuclear capability previously was.

He claimed that by taking a reasonable and balanced approach, Pakistan fostered peace, stability, and communication, further enhancing the nation’s favorable reputation abroad.

According to Ahsan Iqbal, Pakistan’s recent military and diplomatic successes have enhanced the nation’s reputation abroad; now, the same attitude needs to be demonstrated in the economic sphere.

He stated that the government is eliminating needless rules, red tape, and business obstacles to promote exports because they are the only viable route for Pakistan’s economic growth.

In attendance were LCCI President Faheem Ur Rehman Saigol, Senior Vice President Tanveer Ahmed Sheikh, past President Muhammad Ali Mian, former Vice President Shahid Nazir Chaudhry, Pakistan’s Ambassador to China Khalil Hashmi, and members of the Executive Committee.

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For three days, Pakistan lowers the price of petrol and diesel.

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For a three-day period starting on August 1, the government has announced a slight decrease in the cost of petroleum products, including gasoline and high-speed diesel (HSD).

The Petroleum Division said that the price of high-speed diesel has been lowered by Rs0.66 per litre, resulting in a new retail price of Rs392.38 per litre.

Additionally, the price of gasoline has been lowered by Rs0.12 per litre, to Rs336.03 per litre.

According to the letter, the updated pricing will go into effect between August 1 and August 3.

According to the administration, the little cut was taken after accounting for both domestic economic and budgetary factors as well as global oil costs.

In light of persistent economic pressures and swings in the world’s crude oil markets, the most recent adjustment provides customers with little respite.

The most recent update comes after the government regularly reviews fuel costs, which are decided by the currency rate, domestic tax laws, and global market trends.

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FBR surpasses its July revenue goal by Rs40 billion.

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In July 2026, the Federal Board of Revenue (FBR) collected Rs820 billion in net revenue, exceeding the monthly target by Rs40 billion.

The July tax collection target was set at Rs780 billion, but net receipts came in at Rs820 billion, according to FBR documents.

According to the papers, gross tax collections for the month totaled Rs918 billion. Net receipts were Rs820 billion after Rs98 billion of this sum was reimbursed to taxpayers under different refund categories.

Gross collections under the income tax head was Rs343 billion. Net income tax revenues fell short of the objective of Rs323 billion, coming in at Rs308 billion after the payment of Rs35 billion in refunds.

In July, sales tax collections came to Rs413 billion, while sales tax refunds were Rs53 billion.

The Federal Excise Duty (FED) collected Rs48 billion, compared to the objective of Rs47 billion, according to the FBR.

In July 2026, customs duty receipts totaled Rs115 billion, surpassing the designated objective of Rs105 billion by Rs10 billion.

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Foreign investors return to PSX after almost two years

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Foreign investors became net purchasers at the Pakistan Stock Exchange (PSX) for the first time in almost two years, indicating restored confidence in the country’s capital market at the beginning of the current fiscal year.

According to official data, foreign investors invested $34.4 million in the PSX in July 2026, a significant reversal from June 2026 when they sold $180 million worth of shares and pulled money out of the market.

The data showed that foreign investors were net buyers for the first time in nearly 23 months, with banking and exploration companies receiving the greatest investment in the month.

Foreign investors made investments in the banking sector to the tune of $13.8 million during July, while investments in exploration businesses amounted to $6.7 million.

However, the data also revealed that international investors preferred to dispose of cement stocks over the same period.

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