federal cabinet

A federal cabinet sub-committee led by Finance Minister Muhammad Aurangzeb approved prices for 52 life-saving medicines, which Health Minister Mustafa Kamal described as cheaper and higher quality. The approval requires final federal cabinet ratification before production and public availability.

Petroleum Minister Ali Pervaiz Malik announced daily fuel price adjustments to reduce market abuse and ensure fair pricing for consumers. The reform, approved by the federal cabinet, shifts from weekly to daily pricing based on international market fluctuations and aims to promote transparency and competition in Pakistan’s petroleum sector.

The federal cabinet approved a new Haj policy (2027–2030) to enhance pilgrim services, including non-annual registration, digitization of systems, and a Shariah-compliant savings scheme. It also approved healthcare outsourcing for Islamabad facilities and noted a revenue increase at Pakistan Railways.

Germany's Federal Cabinet is set to approve a 2027 budget draft with increased borrowing and defense spending. Three men are facing trial over a large stash of illegal weapons.

The oil industry in Pakistan protests a unilateral 18–20% fuel price cut by the government, citing estimated losses of Rs105 billion for refineries and marketing companies. Industry executives warn of potential bankruptcy for several OMCs amid policy instability and the exit of foreign firms like Shell and Chevron.

Prime Minister Shehbaz Sharif emphasized the importance of strong security for national progress during a federal cabinet meeting ahead of the budget presentation. He acknowledged past tax increases due to economic stabilization efforts and noted inflation had declined to single digits, though it recently rose due to the Middle East conflict. The premier also expressed gratitude to Pakistan's citizens for enduring economic challenges.