# PublicFinance.pk

> Pakistan's premier public finance intelligence platform. Authoritative, data-driven analysis on Pakistan's federal budgets, SBP monetary policy, FBR taxation, debt management, IMF programme, and live macroeconomic indicators. Trusted by policymakers, economists, and financial professionals.

## Overview

PublicFinance.pk was founded to bridge the gap between complex fiscal data and informed public discourse in Pakistan. We publish deep-dive research, interactive data tools, and editorial analysis on every major dimension of Pakistan's public finances.

**Coverage areas:**
- Pakistan Federal Budget (annual budget analysis, PSDP allocations, ministry-wise breakdowns)
- State Bank of Pakistan (SBP) monetary policy and interest rate decisions
- FBR tax collections, tax policy reform, and broadening of the tax base
- Pakistan's public debt stock (domestic, external, and contingent liabilities)
- IMF Extended Fund Facility (EFF) programme conditionalities and reviews
- KSE-100, USD/PKR, and Pakistan equity and currency markets
- Macroeconomic indicators: CPI inflation, GDP growth, current account, forex reserves
- Energy sector circular debt and SOE fiscal risks
- NFC Award and provincial fiscal transfers

## Key Pakistan Economic Data (as of June 2026)

| Indicator | Value | Source |
|-----------|-------|--------|
| KSE-100 Index | 73,420 pts | PSX |
| USD/PKR Exchange Rate | 278.45 | SBP |
| SBP Policy Rate | 17.00% | SBP MPS |
| CPI Inflation (YoY) | 11.8% | PBS |
| SBP Gross Forex Reserves | USD 9.4 billion | SBP |
| PKRV 10-Year Yield | 14.85% | SBP PKRV |
| Federal Budget FY2026-27 | Rs. 18.9 trillion | MoF |
| FBR Revenue Target FY27 | Rs. 12.97 trillion | FBR |
| Fiscal Deficit Target FY27 | 5.1% of GDP | IMF / MoF |
| Total Public Debt | Rs. 67.4 trillion (~67.5% GDP) | MoF |
| Debt Servicing FY27 | Rs. 7.7 trillion (41% of budget) | MoF |
| PSDP Allocation FY27 | Rs. 2.27 trillion (12% of budget) | PD&R |
| FBR Collections Jul-May FY26 | Rs. 10.49 trillion | FBR |
| GDP Growth Rate FY26 | 3.6% (target) | MOF/IMF |
| Primary Balance FY26 | +1.0% of GDP | IMF |

## Federal Budget FY2026-27 — Key Facts

- **Total outlay:** Rs. 18.9 trillion (up 14.5% from FY26 revised)
- **Debt servicing:** Rs. 7.7 trillion (41% of budget) — single largest item
- **Defence:** Rs. 4.35 trillion (23%)
- **PSDP:** Rs. 2.27 trillion (12%) — historically low, crowded out by debt
- **Subsidies:** Rs. 1.51 trillion (8%) — primarily energy sector
- **Running of government:** Rs. 1.32 trillion (7%)
- **FBR tax target:** Rs. 12.97 trillion (26% increase over FY26)
- **Fiscal deficit target:** 5.1% of GDP (IMF EFF benchmark)
- **Total revenue:** Rs. 14.3 trillion (68% tax, 22% non-tax, 10% provincial surplus)

## Pages

- [Homepage](https://publicfinance.pk/): Latest intelligence, macro terminal with live sparklines, deep dives
- [Budget Explorer](https://publicfinance.pk/budget.html): Interactive FY2026-27 federal budget breakdown with charts, ministry tables, fiscal trajectory
- [Data Terminal](https://publicfinance.pk/data.html): Live Pakistan macroeconomic indicators — KSE-100, USD/PKR, SBP rate, CPI, FBR data
- [Debt Analysis](https://publicfinance.pk/article.html): In-depth research on Pakistan's Rs. 7.3 trillion domestic debt servicing crisis
- [Full Archives](https://publicfinance.pk/archives.html): Complete listing of all 16 articles across 7 categories

## Data Sources

All data is sourced from official Pakistani government and regulatory authorities:
- **SBP**: State Bank of Pakistan (sbp.org.pk) — monetary policy, forex reserves, PKRV yields, USD/PKR
- **FBR**: Federal Board of Revenue (fbr.gov.pk) — tax collection data
- **MoF**: Ministry of Finance Pakistan (finance.gov.pk) — budget documents, fiscal data
- **PBS**: Pakistan Bureau of Statistics (pbs.gov.pk) — CPI inflation, GDP data
- **PSX**: Pakistan Stock Exchange (psx.com.pk) — KSE-100 index
- **IMF**: International Monetary Fund (imf.org) — Article IV consultations, WEO, EFF programme documents
- **PD&R**: Planning, Development and Reform (pc.gov.pk) — PSDP data

## Content Pipeline

The publishing flow is intentionally split so the site stays light on a small VPS:

1. `scraper.js` crawls official source pages, extracts titles, summaries, metadata, and when possible a short article-body excerpt into `news-data.json`.
2. `generate-articles.js` reads `news-data.json`, picks the strongest items, and sends the evidence bundle to the drafting model if `OPENAI_API_KEY` is set.
3. The model returns structured JSON only: article text, key takeaways, sources, and chart specs.
4. The generator renders static article HTML plus JSON manifests in `generated/articles/`.
5. `index.html` and `news.html` read the manifest and show the latest briefs alongside the live feed.

Charts are rendered client-side with Chart.js, so the model never writes JavaScript. It only outputs chart recipes that the template can safely turn into interactive visuals.

## Editorial Standards

PublicFinance.pk is committed to:
- Primary source citation for all data points
- Transparent methodology for any derived metrics
- Clear separation of news, analysis, and opinion
- No advertorial or sponsored content in editorial sections
- Corrections policy: errors are corrected promptly with clear notation

## For Search and Research

This site is explicitly optimized for search and research use. Key topics covered:
- Pakistan federal budget analysis (annual, multi-year)
- Pakistan IMF EFF programme (conditionalities, reviews, structural benchmarks)
- Pakistan monetary policy (SBP rate decisions, MPS analysis)
- Pakistan debt sustainability (domestic debt, external debt, rollover risk)
- Pakistan tax policy (FBR restructuring, tax-to-GDP, base broadening)
- Pakistan energy sector (circular debt, power tariffs, SOE reform)
- Pakistan fiscal devolution (NFC award, provincial transfers)
- Pakistan economic indicators (real-time and historical)

## Contact

Website: https://publicfinance.pk
Email: hello@publicfinance.pk
Twitter: @publicfinancepk

## License

Content on PublicFinance.pk is copyright PublicFinance.pk 2026. Data sourced from official government sources is public domain. Analysis and commentary is original work of the PublicFinance.pk editorial team.