Business & Economy - Pakistan - Business Recorder

Business & Economy

Disgruntled salaried group gets some relief as Aurangzeb announces FY27 budget

Defence expenditure raised to Rs3 trillion for FY27
Rs1 trillion for federal PSDP

Updated 12 Jun, 2026 09:40pm

Business & Economy

Pakistan to increase oil imports from Russia amid Hormuz crisis, reports

Driven by the Strait of Hormuz crisis, Pakistan and Russia are advancing a key gas pipeline project

Published 12 May, 2026 02:03pm

Energy

Azerbaijan says it is ready to supply LNG to Pakistan

'SOCAR is ready to provide LNG to Pakistan as soon as PLL submits a corresponding request,' company says

Updated 21 Apr, 2026 11:10pm

Business & Economy

Pakistan ramps up furnace oil use, delays nuclear maintenance amid LNG shortages

Supply crunch comes as Qatar’s force majeure stemming from Iran war have disrupted LNG imports

Published 16 Apr, 2026 07:54pm

Business & Economy

Unexpected repayment of $3.5 billion UAE loan puts pressure on Pakistani economy

A $1.3bn Eurobond maturing before the end of this fiscal adds to pressure on Pakistan's external position

Published 07 Apr, 2026 03:34pm

Business & Economy

Oil shock from ME tensions threatens to widen Pakistan’s C/A

Analysts say Pakistan remains highly vulnerable to energy shocks

Updated 26 Mar, 2026 04:28pm

Business & Economy

Who hurts most as Iran war hits global economy including Pakistan?

Pakistan is teetering on the brink of crisis two years ago and has ramped up its petrol prices and closed its schools for two weeks too

Published 24 Mar, 2026 05:49pm

Energy

Pakistan seeks Saudi oil supplies via Yanbu port after Hormuz disruption

Riyadh reaffirmed it would support Pakistan in meeting its emergency energy needs

Published 04 Mar, 2026 05:08pm

Business & Economy

PM Shehbaz acknowledges WB’s valuable support in advancing Pakistan’s economic development

PM Shehbaz, Banga reiterate to ensure strong oversight to deliver impact at speed and scale on CPF-aligned priorities

Updated 02 Feb, 2026 04:44pm

Business & Economy

Pakistan to roll out first Panda bond in coming weeks, says Aurangzeb

Finance Minister acknowledged that some firms have exited Pakistan

Updated 14 Jan, 2026 12:59pm

Business & Economy

Planning minister vows to transform blue economy into key driver of export-led growth

Achieving Pakistan’s vision of $1tn economy will require accelerated export growth, forum told

Published 03 Jan, 2026 12:08pm

Business & Economy

2026 will be a year of economic prosperity, most Pakistanis believe: survey

52 percent of Pakistanis "believe" that world peace will improve in 2026

Updated 01 Jan, 2026 02:36pm

Business & Economy

PM Shehbaz orders massive port reforms to slash business costs, cargo delay

Premier orders transparent auctioning system

Published 24 Dec, 2025 04:30pm

Commodities

Iranian company issues tender to buy 10,000 tons rice from Pakistan, traders say

Type 1121 white basmati rice is sought

Published 18 Dec, 2025 04:17pm

Business & Economy

Are remittances hurting the economy? Atif Mian weighs in

Rising remittances fuel consumption, overvalue the rupee, says the economist

Updated 13 Dec, 2025 03:08pm

Financial

Pakistan central bank likely to hold rate at 11% as IMF flags inflation risks

All 12 analysts surveyed expect no cut in the policy meeting on Monday

Updated 12 Dec, 2025 04:22pm

Energy

Pakistan fuel oil exports scale fresh high in 2025, to hold in 2026

Pakistan's exports have breached 1.4 million metric tons this year

Updated 27 Nov, 2025 06:49pm

Business & Economy

IMF reveals ‘elite capture’ costing Pakistan billions

Singles out sugar industry as a textbook example of how intertwined relationship between economic elites and state regulators combines to capture public benefits

Updated 20 Nov, 2025 02:20pm

Business & Economy

Pakistan, US reaffirm commitment to strengthen ‘economically entrenched strategic partnership’

Both sides explore new avenues for cooperation in trade & investment

Updated 08 Nov, 2025 09:22pm

Business & Economy

Blue economy a ‘game changer’ with $100bn potential for Pakistan: Aurangzeb

Says seafood exports, currently around $500 million, could increase to $2 billion within the next three to four years

Updated 04 Nov, 2025 12:38pm

Business & Economy

Pakistan’s GDP grows 3.04% in FY2025, economy size reaches $407bn: NAC

Growth higher than 2.68% estimated in previous meeting

Updated 08 Oct, 2025 10:16pm

Business & Economy

Economists warn Pakistan risks prolonged economic stagnation as growth outlook dims

Pakistan risks locking itself into a prolonged phase of economic stagnation, warned economist Asad Ali Shah, as the...

Updated 08 Oct, 2025 10:34pm

Commodities

Pakistan buys 80,000 tons sugar, seeks 100,000 tons more

HAMBURG: Pakistan’s state agency the Trading Corporation of Pakistan (TCP) issued a tender to purchase 100,000...

Published 29 Sep, 2025 03:53pm

Commodities

Pakistan’s Cnergyico orders second US oil cargo, eyes more

KARACHI/SINGAPORE: Pakistan’s largest oil refiner Cnergyico has ordered a second shipment of US crude after finding...

Published 24 Sep, 2025 01:30pm

Business & Economy

Diamonds and drones: Pakistan tax unit scans social media for evasion

Pakistan has one of the lowest tax-to-GDP ratios in Asia

Published 24 Sep, 2025 12:19pm

Business & Economy

Pakistan bought about 180,000 tons soybeans in September, expected U.S. origin

HAMBURG: Importers in Pakistan purchased an estimated 180,000 metric tons of soybeans in September expected to be...

Published 23 Sep, 2025 04:45pm

Commodities

Pakistan gets offers in 100,000 metric ton sugar tender, traders say

HAMBURG: The lowest price offered in the international tender from Pakistan to buy 100,000 metric tons of white...

Updated 23 Sep, 2025 01:29pm

Business & Economy

PIA posts first H1 pre-tax profit in about two decades

National carrier's net profit for the current half year stood at Rs6.8 billion

Published 16 Sep, 2025 02:30pm

Business & Economy

Pakistan buys sorghum grain from US after floods, traders say

HAMBURG: Buyers in Pakistan are believed to have bought about five shipments of the grain sorghum from the United...

Published 10 Sep, 2025 05:43pm

Business & Economy

Pakistan’s trade deficit surges 30% YoY to $2.9bn in August 2025

Country’s trade balance, gap between exports and imports, was recorded at a deficit of $2.20bn in August 2024

Published 02 Sep, 2025 03:58pm

Commodities

Pakistan tenders to buy 100,000 metric tons of sugar, traders say

The deadline for submission of price offers is September 8

Published 28 Aug, 2025 11:17am

Commodities

Pakistan bought initial 30,000 tons sugar in tender, traders say

HAMBURG: Pakistan’s state trading agency TCP has purchased an initial 30,000 metric tons of white sugar in an...

Published 26 Aug, 2025 03:26pm

Commodities

Pakistan gets offers in 200,000 tons sugar tender, traders say

HAMBURG: The lowest price offered in an international tender from Pakistan to buy 200,000 metric tons of sugar on...

Published 21 Aug, 2025 03:44pm

Commodities

Pakistan tenders to buy 200,000 metric tons of sugar, traders say

HAMBURG: Pakistan’s state agency the Trading Corporation of Pakistan (TCP) has issued a new international tender to...

Published 14 Aug, 2025 10:38am

Commodities

Pakistan buys about 55,000 tons white sugar in tender, traders say

HAMBURG: Pakistan’s state trading agency TCP is believed to have purchased about 55,000 metric tons of white sugar...

Published 13 Aug, 2025 09:16pm

Business & Economy

DPM Ishaq Dar reviews operational efficiency at Pakistan’s ports

Meeting discusses measures to address port congestion, strengthen trade facilitation

Published 12 Aug, 2025 06:45pm

Business & Economy

Pakistan gets offers in 100,000 metric tons white sugar tender, traders say

HAMBURG: The lowest price offered in the international tender from Pakistan to buy 100,000 metric tons of sugar on...

Published 11 Aug, 2025 01:30pm

Business & Economy

Pakistan tenders to buy 100,000 metric tons of sugar, traders say

HAMBURG: The Trading Corporation of Pakistan (TCP), Pakistan’s state agency, has issued a new international tender...

Published 04 Aug, 2025 11:02am

Business & Economy

Pakistan receives offers in 100,000 ton white sugar tender, traders say

Lowest offer of $539.00 a metric ton said to have been submitted by trading house ED&F Man

Updated 31 Jul, 2025 10:58pm

Business & Economy

IMF projects Pakistan’s GDP growth at 3.6% for FY26, below govt target of 4.2%

Fund upgrades Pakistan GDP growth estimates for FY25 by 0.1% to 2.7%

Updated 29 Jul, 2025 11:04pm

Business & Economy

Pakistan’s central bank seen cutting interest rate by 50 bps as inflation cools

KARACHI : Pakistan’s central bank is expected to cut its key interest rate by 50 basis points to 10.5% on Wednesday,...

Published 29 Jul, 2025 11:49am

Business & Economy

Trade talks: Finance minister Aurangzeb leaves for US

Final discussions on Pakistan-US trade dialogue to take place during visit, says Finance ministry
'Vast opportunities' for partnership in key sectors such as IT, minerals, and agriculture

Published 28 Jul, 2025 10:22pm

Business & Economy

Finance ministry projects July inflation at 3.5-4.5% as price pressures ease

Inflation stood at 3.2% in June

Published 28 Jul, 2025 07:13pm

Business & Economy

Pakistan’s bonds hit 3-year high after credit rating upgrade

LONDON: Pakistan’s long-dated dollar bonds rallied for a second day to hit fresh three-year highs on Friday, a day...

Published 25 Jul, 2025 04:15pm

Commodities

Pakistan tenders to buy 100,000 metric tons of sugar, traders say

HAMBURG: Pakistan’s state agency the Trading Corporation of Pakistan (TCP) has issued an international tender to...

Published 25 Jul, 2025 01:54pm

Commodities

Pakistan cuts volume sought in sugar tender to 50,000 tons

HAMBURG: Pakistan’s state agency the Trading Corporation of Pakistan has reduced the volume of white refined sugar...

Published 15 Jul, 2025 12:02pm

Commodities

Pakistan tenders to buy 300,000 to 500,000 metric tons of sugar

HAMBURG: Pakistan’s state agency, the Trading Corporation of Pakistan (TCP), has issued an international tender to...

Published 11 Jul, 2025 01:31pm

Business & Economy

Pakistan eyes $1bn valuation in Roosevelt Hotel redevelopment plan, source says

Roosevelt Hotel is seen as one of Pakistan’s most valuable foreign assets

Updated 10 Jul, 2025 10:14pm

Business & Economy

SBP to launch pilot for digital currency, says governor

KARACHI/SINGAPORE: State Bank of Pakistan (SBP) is preparing to launch a pilot for a digital currency and is...

Updated 09 Jul, 2025 09:53pm

Business & Economy

Pakistan’s Rs7.2trn annual debt burden should finance growth-generating activities, says think tank

ISLAMABAD: Economic Policy & Business Development (EPBD) a think tank, called for fundamental restructuring of...

Published 08 Jul, 2025 10:08pm

Business & Economy

Pakistan approves four potential bidders for struggling national airline PIA

Govt has been seeking to sell 51-100% stake in struggling national airline to raise funds and reform cash-draining, state-owned enterprises as envisaged under $7 billion IMF programme

Published 08 Jul, 2025 09:32pm

Business & Economy

Pakistan to import 500,000MT of sugar, govt says

ISLAMABAD: Pakistan plans to import 500,000 metric tons of sugar to help to maintain price stability, the country’s...

Updated 08 Jul, 2025 06:36pm

Business & Economy

ADB finances $500mn for women’s financial inclusion, economic empowerment in Pakistan

The State Bank of Pakistan (SBP) officially joined the global initiative of Women Entrepreneurs Finance Code (WE...

Published 07 Jul, 2025 08:24pm

Business & Economy

Pakistan looking to sell excess LNG amid supply glut curbing local gas output: document

KARACHI/SINGAPORE: Pakistan is exploring ways to sell excess liquefied natural gas (LNG) cargoes amid a gas supply...

Published 01 Jul, 2025 07:44pm

Business & Economy

Gohar blames external fuel shocks for ‘boom and bust cycles’ in 2018, 2022

ISLAMABAD: The boom and bust cycles in the country was caused by the surge in international fuel prices and not by...

Published 27 Jun, 2025 10:36pm

Business & Economy

National Assembly passes Rs17.57trn federal budget for FY2025-26

The National Assembly (NA) passed on Thursday the federal budget for the next fiscal year (2025-26), with a total...

Published 26 Jun, 2025 10:12pm

Business & Economy

Pakistan salaried class rejects govt’s claim of giving relief in income tax

Representatives of the Salaried Class Alliance of Pakistan (SCAP) said on Thursday the government had done a “number...

Published 19 Jun, 2025 08:35pm

Business & Economy

Punjab budget for FY2025-26 at a glance

Pakistan’s Punjab government on Monday presented the provincial budget for the financial year 2025-26. A week after...

Published 16 Jun, 2025 10:19pm

Business & Economy

Sindh budget for FY2025-26 at a glance

The Sindh government announced its budget for the financial year 2025-26 on Friday, with Chief Minister Murad Ali...

Published 13 Jun, 2025 09:27pm

Business & Economy

IFC to provide $400mn loan for Pakistan’s copper-gold Reko Diq mine

ISLAMABAD: The International Finance Corporation will provide a $400 million subordinated loan for Pakistan’s Reko...

Updated 13 Jun, 2025 09:33pm

Business & Economy

Budget FY2025-26: Sindh announces to expand sales tax to all major services

The Sindh government has announced to tax “all services” excluding essential and social services, aiming to “expand...

Published 13 Jun, 2025 08:00pm

Business & Economy

Sindh govt presents Rs1.02trn Annual Development Programme for FY2025-26

Sindh Chief Minister Syed Murad Ali Shah, while unveiling the annual budget in the assembly, presented the Annual...

Published 13 Jun, 2025 05:38pm

Business & Economy

Key highlights of Pakistan budget for 2025-26

Business Recorder takes a look at key points

Updated 11 Jun, 2025 12:36am

Business & Economy

‘Lowest in 9 years’: Pakistan agriculture sector projected to grow only 0.56% in FY25

Pakistan’s agriculture sector will grow marginally by 0.56% in the financial year 2024-25, as per the provisional...

Published 09 Jun, 2025 09:09pm

Business & Economy

Platform set for further growth: Experts weigh in on Pakistan Economic Survey 2024-25

The government, on Monday, a day before the federal budget is unveiled, released its much-awaited Pakistan Economic...

Published 09 Jun, 2025 06:58pm

Business & Economy

Decoding Pakistan Economic Survey 2024-25: what the data tells us, in graphics

Pakistan government on Monday launched the Economic Survey for the financial year 2024-25. The country missed its...

Published 09 Jun, 2025 06:20pm

Business & Economy

Key highlights of Pakistan Economic Survey 2024-25

Finance Minister Muhammad Aurangzeb unveiled the Pakistan Economic Survey 2024-25 on Tuesday, recapping the annual...

Published 09 Jun, 2025 04:33pm

Business & Economy

Here is the full text of Pakistan Economic Survey 2024-25

Pakistan government on Monday launched the Economic Survey for the financial year 2024-25. The country missed its...

Published 09 Jun, 2025 03:44pm

Business & Economy

Overseas Pakistanis help country post historic current account surplus of $1.9bn in 10MFY25

Pakistan has reported a current account surplus of $1.9 billion during the first ten months of the financial year...

Updated 09 Jun, 2025 11:13pm

Business & Economy

Economic Survey 2024-25: Pakistan misses growth target

Govt to announce budget for FY26 on Tuesday

Updated 09 Jun, 2025 10:57pm

Business & Economy

Pakistan Economic Survey 2024-25 to be launched on Monday

The government will launch the Pakistan Economic Survey 2024-25 tomorrow (Monday) in the afternoon, a statement from...

Updated 09 Jun, 2025 10:57pm

Business & Economy

Structural reforms position Pakistan for sustainable growth, says Aurangzeb

Finance Minister Muhammad Aurangzeb on Tuesday said that the ongoing structural reforms have ‘well-positioned’...

Updated 03 Jun, 2025 10:33pm

Business & Economy

Budget 2025-26: Rs1trn planned for PSDP, says Ahsan Iqbal

Planning minister Ahsan Iqbal said on Monday the government would propose Rs1 trillion for Public Sector Development...

Published 02 Jun, 2025 10:34pm

Business & Economy

Pakistan Crypto Council agrees on technical committee for draft laws, regulatory framework

Finance Minister Aurangzeb chairs high-level meeting attended by PCC chief, SBP governor, SECP chairman, and others

Updated 02 Jun, 2025 11:23pm

Business & Economy

FBR recovers Rs36.14bn in legal victories, including major win against Bahria Town

The Federal Board of Revenue (FBR) has made significant legal victories, including a major win against Bahria Town...

Published 02 Jun, 2025 05:15pm

Business & Economy

Inflation in Pakistan rises to 3.5% in May 2025

CPI inflation average during 11MFY25 stands at 4.61%

Updated 02 Jun, 2025 08:07pm

Business & Economy

Sindh govt says will launch new mega projects in upcoming budget

Sindh Chief Minister Syed Murad Ali Shah convened cabinet meeting with ministers, advisors, Chief Secretary Asif...

Published 31 May, 2025 06:50pm

Business & Economy

Trump says Pakistani representatives coming to US next week for trade talks

Pakistan faces a potential 29% tariff on its exports to the US

Updated 31 May, 2025 06:27pm

Business & Economy

SBP says collaborating with Pakistan Crypto Council on regulatory framework for virtual assets

The State Bank of Pakistan (SBP) on Friday clarified that it was collaborating with the Pakistan Crypto Council...

Published 30 May, 2025 09:48pm

Business & Economy

Pakistan begins talks with US on Trump’s reciprocal tariffs, says finance minister’s adviser

Both sides express confidence in advancing negotiations for successful conclusion at the earliest, says Khurram Schehzad

Published 30 May, 2025 09:13pm

Business & Economy

Pakistan inflation in May seen at 1.5%-2%

Pakistan’s Finance Ministry expects inflation to ease to between 1.5% and 2% year-on-year in May, before picking up...

Updated 29 May, 2025 10:33pm

Business & Economy

‘Pakistan salaried class paid 5 times more taxes than exporters, retailers in outgoing FY25’

Pakistan salaried people’s contribution to the tax net was projected to be five times higher than that of the...

Updated 29 May, 2025 11:28pm

Business & Economy

Budget 2025-26 to be announced on June 10, finance minister’s adviser reaffirms

Pakistan finance minister’s adviser reaffirmed on Thursday that the government would present the federal budget for...

Updated 29 May, 2025 07:20pm

Business & Economy

After historic lows, inflation expected to tick up in Pakistan

Following a 0.3% YoY reading in April, Pakistan’s headline inflation is expected to inch up to 2.7% in May, as per a...

Updated 27 May, 2025 10:05pm

Business & Economy

Aurangzeb says IMF case approved ‘on merit’ despite disruption attempts

Finance Minister Muhammad Aurangzeb on Monday said that efforts were made, albeit unsuccessfully, to derail...

Updated 26 May, 2025 10:16pm

Business & Economy

Govt to introduce ‘bold measures’ in the upcoming budget, says Aurangzeb

Pakistan to present federal budget for FY2025-26 on June 10

Updated 26 May, 2025 10:15pm

Business & Economy

With digital push underway, PM appoints Bilal bin Saqib as SAPM on Blockchain and Crypto

In a key step towards embracing crypto technology, Prime Minister Shehbaz Sharif has appointed Bilal bin Saqib as...

Updated 26 May, 2025 10:16pm

Business & Economy

Pakistan budget 2025-26: Rs2.8 trillion defence budget proposed citing ‘war-like situation’ with India

With Pakistan scheduled to unveil its federal government budget for fiscal year 2025-26, Tola Associates, a tax...

Published 24 May, 2025 03:03pm

Business & Economy

IMF, govt to continue FY26 budget discussions ‘over the coming days’

Discussions also covered ongoing energy sector reforms, says IMF

Updated 24 May, 2025 10:26pm

Business & Economy

Pakistan govt to present budget for FY2025-26 on June 10

Pakistan Economic Survey 2024–25 to be released on June 9

Updated 23 May, 2025 10:05pm

Business & Economy

Economist urges depoliticisation of NFC award, proposes new formula

The federal government should depoliticise the National Finance Commission (NFC) award by appointing technocrats...

Published 23 May, 2025 03:36pm

Business & Economy

Pakistan ‘met all targets’, received board consensus for fund release: IMF

IMF says its funding intended to resolve balance of payments issues and not for general budgetary spending

Updated 23 May, 2025 09:49pm

Business & Economy

Budget 2025-26: Pakistan govt likely to bring YouTubers, freelancers into tax net

Pakistan government is projected to impose new taxes including on the income of freelancers, vloggers, and...

Updated 22 May, 2025 08:36pm

Business & Economy

Aurangzeb meets OICCI delegation, pledges continued support

Finance Minister Muhammad Aurangzeb met with a delegation from the Overseas Investors Chamber of Commerce and...

Published 22 May, 2025 04:25pm

Business & Economy

IMF delegation meets PM Shehbaz as Islamabad prepares Budget FY26

Fund to continue support Pakistan's economic reforms

Updated 22 May, 2025 10:53pm

Business & Economy

Budget FY26: govt to continue fiscal consolidation, follow IMF guidelines, says Topline

The government is likely to continue fiscal consolidation in the upcoming budget and is expected to closely align...

Updated 22 May, 2025 10:55pm

Business & Economy

Trump says US doing ‘big deals’ with Pakistan, India

US president says he helped de-escalate tensions between Pakistan, India through trade

Updated 22 May, 2025 10:53pm

Business & Economy

Pakistan’s GDP grows 2.4% in Jan-Mar: NAC

Provisional GDP growth rate for FY25 is 2.68%, below target of 3.6% set by govt

Updated 20 May, 2025 11:34pm

Business & Economy

SBP Governor calls for Sukuk push

At the National Islamic Economic Forum 2025 in Karachi, State Bank of Pakistan (SBP) Governor Jameel Ahmad outlined...

Published 20 May, 2025 02:42pm

Business & Economy

Trump tariffs to ‘weigh on’ Pakistan’s economy, says IMF

The International Monetary Fund (IMF) has cautioned that the recent reciprocal tariffs imposed by US President...

Updated 19 May, 2025 07:58pm

Business & Economy

Trump praises ‘brilliant’ Pakistanis, says Islamabad ‘would love to trade with US’

We don’t do much trading with them, and yet I have a good relationship with them, US president says

Updated 17 May, 2025 04:54pm

Business & Economy

Pakistan “restructuring and reorganising” its debt, says Aurangzeb

Pakistan is in the process of “restructuring and reorganising” its debt profile in line with global standards, said...

Updated 16 May, 2025 05:21pm

Business & Economy

National Tariff Policy: govt approves phased elimination of import duties

In a bid to attract investment and promote exports, the federal government on Friday decided to significantly...

Updated 16 May, 2025 05:36pm

Business & Economy

Pakistan’s REER index clocks in at 99.42 in April 2025

Pakistan’s Real Effective Exchange Rate (REER), a measure of the value of a currency against a weighted average of...

Published 16 May, 2025 12:17pm

Business & Economy

Pakistan’s current account posts $12mn surplus in April 2025

On YoY basis, C/A decreases 96% against $315 million surplus in same month last year

Updated 16 May, 2025 09:58pm

Business & Economy

Pakistan’s economy pulled off ‘macroeconomic miracle’ in past two years: Barron’s

Barron’s, an American weekly magazine and newspaper published by Dow Jones & Company, has lauded Pakistan’s...

Updated 14 May, 2025 11:05pm

Business & Economy

Pakistan receives second tranche of $1.02bn from IMF, confirms SBP

Inflows will be reflected in SBP's liquid reserves to be released on May 16, 2025

Updated 14 May, 2025 10:18pm

Business & Economy

Aurangzeb says upcoming budget to be strategic, focused on long-term growth

Existing protectionist regime must be dismantled, says finance minister

Updated 13 May, 2025 10:56pm

Business & Economy

Eliminating FED alone won’t revive Pakistan’s real estate, says ABAD chairman

Withdrawal of the Federal Excise Duty (FED) on property transactions will not lead to substantial real estate...

Updated 12 May, 2025 04:53pm

Mutual Funds

Pakistan’s sovereign bonds rally as ceasefire with India continues

LONDON: Pakistan’s sovereign bonds rallied more than 4 cents on Monday, Tradeweb data showed, as a ceasefire with...

Published 12 May, 2025 11:31am

Business & Economy

GSP plus status: EU review puts Pakistan’s duty-free export to the test amid reforms push

Pakistan’s crucial trade advantage under the European Union’s (EU) GSP plus (+) scheme remains under review, as the...

Published 12 May, 2025 11:18am

Stocks

KSE-100 surges over 10,000 points on India-Pakistan ceasefire, IMF approval

The Pakistan Stock Exchange (PSX) staged a strong comeback on Monday, driven by a “convergence of positive...

Updated 12 May, 2025 07:54pm

Business & Economy

IMF Executive Board approves $1bn loan tranche for Pakistan

Board also approves $1.4 billion under Resilience and Sustainability Facility

Updated 11 May, 2025 10:03pm

Business & Economy

Global investors respond positively to Pakistan’s economic reforms

Global investors have responded positively to Pakistan’s reform and economic transformation agenda, as leading...

Updated 09 May, 2025 10:57pm

Business & Economy

West ignores Modi’s terror links for economic gains, says Pakistan’s Asif

Pakistan’s Defence Minister Khwaja Asif blasted the West for hypocrisy in its treatment of Indian Prime Minister...

Updated 08 May, 2025 11:06pm

Business & Economy

IMF reaffirms support for Pakistan’s bailout, calls for deesclation with India

The International Monetary Fund (IMF) on Thursday reiterated that its Executive Board meeting pertaining to...

Updated 08 May, 2025 11:07pm

Business & Economy

S&P warns of elevated credit risks amid soaring Pakistan-India military tensions

S&P Global Ratings, an American credit rating agency, on Thursday warned that heightened tensions between...

Published 08 May, 2025 01:13pm

Business & Economy

Aurangzeb reviews economic situation after Indian aggression

Finance Minister Muhammad Aurangzeb convened an emergency meeting on Wednesday to assess the current financial...

Published 07 May, 2025 01:21pm

Business & Economy

Trump tariffs: US offers Pakistan to buy more cotton

The United States has encouraged Pakistan to enhance its cotton imports, citing Pakistan’s local textile industry’s...

Updated 06 May, 2025 10:10pm

Business & Economy

Sustained Pakistan-India tensions could derail Islamabad’s economic recovery, warns Moody’s

Says persistent tensions with India could impair Pakistan’s access to external financing

Updated 05 May, 2025 11:32pm

Business & Economy

IMF to proceed with Pakistan review despite India’s objections

IMF Executive Board to meet on May 9 to discuss Pakistan programme

Updated 03 May, 2025 09:43pm

Business & Economy

Pakistan’s factory PMI dips in early sign of global tariff headwinds

KARACHI: Pakistan’s manufacturing sector growth slowed to a seven-month low in April, with the HBL Pakistan...

Updated 02 May, 2025 10:19pm

Business & Economy

Pakistan’s tax-to-GDP ratio to reach 10.6% by June, Aurangzeb tell S&P Global

Finance Minister Muhammad Aurangzeb has said that Pakistan’s tax-to-GDP ratio is expected to reach 10.6% by the end...

Published 02 May, 2025 03:19pm

Business & Economy

Pakistan central bank likely to hold policy rate amid geopolitical tension, inflation concern: Reuters poll

KARACHI: The State Bank of Pakistan is set to hold its key interest rate at 12% on Monday, a Reuters poll showed,...

Published 02 May, 2025 11:37am

Business & Economy

Pakistan’s current account to remain positive for full fiscal year 2024-25, says Aurangzeb

Finance Minister Muhammad Aurangzeb has projected that Pakistan’s balance of current account will remain in surplus...

Updated 30 Apr, 2025 10:38pm

Business & Economy

Pakistan dollar bonds drop amid rising tensions with India

LONDON: Pakistan’s international bonds dropped more than 1 cent on Wednesday after Islamabad said it has “credible...

Published 30 Apr, 2025 03:15pm

Business & Economy

World Bank approves $108mn additional financing for KP projects

ISLAMABAD: The World Bank has approved $108 million in additional financing to the Rural Accessibility Project ($78...

Updated 29 Apr, 2025 10:25pm

Business & Economy

IMF Executive Board to discuss Pakistan programme on May 9

Last month, IMF staff reached deal with Pakistan for new $1.3 billion arrangement and also agreed on first review of ongoing $7 billion bailout programme

Updated 29 Apr, 2025 10:24pm

Business & Economy

Pakistan’s sovereign dollar bonds slide as tensions with India rise

LONDON: Pakistan’s sovereign dollar bonds slid more than 3 cents on Monday, Tradeweb data showed, as the country’s...

Published 28 Apr, 2025 09:49pm

Business & Economy

Aurangzeb highlights Panda, ESG bonds in key meetings at Washington: Finance Division

Finance minister meets delegations of Deutsche Bank, Moody’s

Updated 23 Apr, 2025 07:06pm

Business & Economy

Trump tariffs: Pakistan to boost US imports, investments, Aurangzeb tells Bloomberg

Islamabad has announced to send high-level delegation to US to promote trade relations, hold talks on reciprocal tariffs

Updated 22 Apr, 2025 07:36pm

Business & Economy

Pakistan reiterates pledge to IMF on economic reforms

Finance Minister Aurangzeb meets IMF Managing Director Kristalina Georgieva

Updated 22 Apr, 2025 07:27pm

Business & Economy

Pakistan inflation expected to drop further to below 0.5% in April 2025, says brokerage house

Consumer Price Index in country stood at 59-year low of 0.7% in March

Updated 21 Apr, 2025 08:49pm

Business & Economy

PIA privatisation: govt to seek bids to sell national airline next week

Pakistan seeks to sell 51-100% stake in debt-ridden carrier

Published 17 Apr, 2025 08:31pm

Business & Economy

Pakistan posts record $1.2bn current account surplus in March 2025

On YoY basis, C/A increases 230% against $363 million surplus in same month last year

Updated 17 Apr, 2025 07:11pm

Business & Economy

Fitch Ratings upgrade ‘strong’ endorsement of govt policies: Aurangzeb

Finance Minister Muhammad Aurangzeb on Tuesday said Fitch Ratings’ decision to upgrade Pakistan’s rating from CCC+...

Updated 15 Apr, 2025 05:43pm

Business & Economy

Fitch upgrades Pakistan rating to ‘B-’

Upgrade reflects increased confidence that Pakistan will sustain its recent progress

Updated 15 Apr, 2025 09:29pm

Energy

Pakistan mulls US oil imports to ease trade imbalance, sources say

Pakistan faces a 29% tariff due to a $3 billion trade surplus with the US

Updated 15 Apr, 2025 10:09pm

Business & Economy

Pakistan’s remittances surge 37% YoY in March, cross $4bn mark for first time

Experts warn that the momentum may not be sustained

Updated 14 Apr, 2025 02:12pm

Business & Economy

Pakistan receives record $4.1bn in remittances in March, says SBP governor

Central bank revises remittance forecast to $38bn for FY25

Updated 14 Apr, 2025 11:02pm

Business & Economy

Budget FY26: govt mulls reducing corporate tax rate

The government is considering cutting down the corporate tax rate and providing tax reliefs on other heads in the...

Updated 12 Apr, 2025 07:14pm

Business & Economy

Pakistan eyes to replicate Indonesia’s nickel success with copper, says Aurangzeb

Finance Minister Muhammad Aurangzeb has highlighted the pivotal role of the Reko Diq copper and gold project, saying...

Updated 12 Apr, 2025 07:24pm

Business & Economy

Pakistan plans to revisit FTAs, mulls bankruptcy law

Special Assistant to the Prime Minister Haroon Akhtar says the USA imposed reciprocal tariffs not just for negotiating purposes, but to revive their dead manufacturing sector

Updated 12 Apr, 2025 07:25pm

Business & Economy

Frontier bonds rally on Trump tariff pause, Pakistan adds 3 cents

LONDON: International bonds issued by smaller, riskier emerging markets rallied on Thursday, after U.S. President...

Published 10 Apr, 2025 01:08pm

Business & Economy

World Bank investment arm commits $300mn loan to Pakistan’s Reko Diq mining project

The World Bank’s private investment arm, International Finance Corporation (IFC), will provide $300 million in debt...

Published 10 Apr, 2025 10:38am

Business & Economy

Trump tariffs: Pakistan to send high-level delegation to US

Islamabad yet to finalise policy to counter 29% US tariff

Updated 09 Apr, 2025 09:39pm

Business & Economy

Small emerging market dollar bonds resume selloff, Pakistan drops more than 6 cents

JOHANNESBURG/NAIROBI: International bonds issued by smaller, riskier, emerging economies suffered another sharp...

Updated 09 Apr, 2025 09:41pm

Business & Economy

‘US companies keen to tap Pakistan’s mineral sector’

American companies are interested in investing in Pakistan’s mineral sector, said Eric Meyer, Senior Bureau Official...

Updated 09 Apr, 2025 10:22pm

Business & Economy

Mining giant Barrick Gold approves plan for copper-gold project in Pakistan: Bloomberg

Canadian mining giant Barrick Gold Corporation has provisionally approved plans to develop a vast copper-and-gold...

Updated 09 Apr, 2025 06:51pm

Business & Economy

ADB projects Pakistan’s GDP growth at 2.5%, inflation at 6%

Pakistan’s growth is projected to remain steady at 2.5% in fiscal year 2025 and improve to 3% in fiscal year 2026,...

Updated 09 Apr, 2025 11:54pm

Business & Economy

Barrick’s Reko Diq project in Pakistan aims new financing

KARACHI: Barrick Gold’s Reko Diq copper and gold project in Pakistan intends to lock in upwards of $2 billion in...

Published 08 Apr, 2025 03:54pm

Business & Economy

Reko Diq to transform Pakistan into ‘top global mining jurisdictions’, says Barrick CEO

Bristow says Reko Diq to become major contributor to Pakistan’s economy

Updated 08 Apr, 2025 08:24pm

Business & Economy

Pakistani fintech Haball secures $52mn funding to grow Islamic finance business, plans Middle East foray

KARACHI: Haball, a Pakistan fintech firm, raised $52 million to expand its shariah-compliant supply chain financing...

Updated 08 Apr, 2025 06:38pm

Business & Economy

Trump’s tariff threat: Pakistan’s $3.3bn trade surplus with US at risk, says report

Amid escalating US trade protectionism, Pakistan must adopt a proactive and strategic approach to safeguard its...

Updated 07 Apr, 2025 11:52pm

Business & Economy

US criticises Pakistan’s trade policies in new report

The US government has raised concerns over Pakistan’s trade and investment policies, highlighting their adverse...

Updated 04 Apr, 2025 10:59pm

Business & Economy

PM Shehbaz unveils Rs7.41 per unit electricity rate cut to boost ailing economy

Govt announces Rs7.59 per unit power rate cut for commercial users

Updated 03 Apr, 2025 10:32pm

Business & Economy

Inflation drops to 59-year low at 0.7% in March 2025

CPI inflation lowest since December 1965

Updated 03 Apr, 2025 11:55pm

Business & Economy

US tariffs will hurt Pakistani products’ competitiveness, experts warn

'Biggest assault yet on global economic system' says one expert

Updated 03 Apr, 2025 10:10pm

Business & Economy

Qatari business delegation to visit Pakistan after Eid

A Qatari investment delegation is scheduled to visit Pakistan immediately after Eid, it was learnt on Saturday. The...

Published 29 Mar, 2025 02:50pm

Business & Economy

Pakistan set to unlock $2.3bn under EFF & RSF, says IMF spokesperson

Pakistan will gain access to a total of $2.3 billion under the Extended Fund Facility (EFF) and the Resilience and...

Updated 28 Mar, 2025 10:54pm

Business & Economy

FPCCI urges govt to reverse cut in solar net-metering buyback rate

The country’s apex trade body has voiced strong opposition to the government’s recent decision to reduce the buyback...

Updated 27 Mar, 2025 10:23pm

Business & Economy

Aurangzeb says govt plans power rate cut to boost exports: report

Finance Minister Muhammad Aurangzeb has said that the government plans to lower electricity costs as part of a...

Updated 27 Mar, 2025 11:27pm

Business & Economy

IMF agreement brings relief, but economic challenges persist, say experts

Analysts believe Pakistan must remain committed to IMF programme to ensure sustainable economic growth

Updated 26 Mar, 2025 07:58pm

Business & Economy

Aurangzeb pushes for debt relief, fair trade at Boao Forum

Finance Minister Muhammad Aurangzeb has called for reforms in international financial institutions to better address...

Updated 26 Mar, 2025 08:06pm

Business & Economy

Pakistan’s GDP grows 1.73% in Oct-Dec

Growth in agriculture, industry and services stand at 1.1%, -0.18% and 2.57% respectively.

Updated 26 Mar, 2025 11:11pm

Business & Economy

IMF reaches staff-level deal with Pakistan to unlock $1.3 billion of new cash

Lender also agrees on first review of ongoing 37-month bailout programme

Updated 26 Mar, 2025 10:35pm

Business & Economy

ECC approves phasing out of SBP’s Rs330bn LTFF to Exim Bank

The Economic Coordination Committee (ECC) of the Cabinet on Friday decided to phase out the State Bank of Pakistan’s...

Updated 21 Mar, 2025 11:40pm

Business & Economy

Climate change threatens economic sustainability, says Aurangzeb

Finance Minister Muhammad Aurangzeb on Friday termed climate change as an “existential threat” that could undermine...

Updated 21 Mar, 2025 05:21pm

Business & Economy

PM Shehbaz seeks stronger economic ties with KSA

As part of his four-day visit to the Kingdom of Saudi Arabia (KSA), Prime Minister Shehbaz Sharif engaged in a...

Updated 20 Mar, 2025 04:49pm

Business & Economy

Hutchison Ports agrees to fast-track $1 billion investment: ministry

Hutchison Ports, one of the world’s leading ports network, has agreed to fast-track its $1 billion investment plan...

Published 19 Mar, 2025 08:05pm

Business & Economy

World Bank approves $102mn financing for Pakistan’s RAM Project

Finance ministry to implement project through SBP

Updated 19 Mar, 2025 10:43pm

Business & Economy

FPCCI presents Charter of Economy to Aurangzeb

The Federation of Pakistan Chambers of Commerce & Industry (FPCCI), one of Pakistan’s largest industrial bodies,...

Published 18 Mar, 2025 03:51pm

Business & Economy

Jul-Feb FDI clocks in at $1.6bn, up 41% YoY

Net Foreign Direct Investment (FDI) in Pakistan grew 41% during the first eight months of the ongoing fiscal year...

Updated 18 Mar, 2025 11:12pm

Business & Economy

Aurangzeb, World Bank discuss 10-year Country Partnership Framework

Finance Minister Muhammad Aurangzeb met with the World Bank team at the Finance Division to discuss Pakistan’s...

Updated 17 Mar, 2025 09:24pm

Business & Economy

Pakistan may present budget early to secure IMF board approval, says Topline

The signing of a Staff Level Agreement (SLA) between the Pakistani authorities and the International Monetary Fund...

Updated 17 Mar, 2025 09:23pm

Business & Economy

IMF, Pakistan make ‘significant progress’ toward reaching Staff Level Agreement

Program implementation has been strong, the lender says

Updated 15 Mar, 2025 04:31pm

Energy

Net-metering buyback: Does govt want to dim Pakistan’s solar glow?

Stakeholders in energy sector including Senator Sherry Rehman have raised concerns over the government’s decision to...

Updated 14 Mar, 2025 10:02pm

Business & Economy

Pakistan, EU discuss GSP+ status

As Pakistan seeks to strengthen its economic ties with the European Union (EU), Finance and Revenue Minister Senator...

Updated 14 Mar, 2025 10:36pm

Business & Economy

Pakistan, Oman eye establishing direct route via sea

Pakistan and Oman officials held discussions on establishing a direct transportation and logistics connection...

Updated 13 Mar, 2025 11:03pm

Business & Economy

SBP pauses rate cuts, but likely not for long

Economists say government should focus on implementing economic reforms

Updated 12 Mar, 2025 02:32pm

Business & Economy

Moody’s upgrades Pakistan’s banking outlook to positive

Rating agency expects Pakistan's economy to grow by 3% in 2025

Updated 12 Mar, 2025 08:53pm

Business & Economy

No sugar smuggled to Afghanistan, says Aurangzeb as Pakistan tightens grip

Finance Minister Muhammad Aurangzeb on Tuesday said that due to stringent measures against cross-border smuggling,...

Updated 11 Mar, 2025 11:10pm

Currency

KIBOR surges after SBP keeps policy rate unchanged

Following the State Bank of Pakistan’s (SBP) decision to keep the interest rate unchanged at 12%, Karachi Interbank...

Updated 11 Mar, 2025 10:04pm

Business & Economy

Aurangzeb, UN officials discuss debt management, climate financing

Finance czar reaffirms Pakistan’s commitment to working with development partners

Updated 11 Mar, 2025 11:09pm

Business & Economy

Pakistan’s remittance inflow at $3.1bn in February 2025, up 3.8% month-on-month

Amount 38.6% higher when compared with $2.25 billion in February 2024

Updated 10 Mar, 2025 11:32pm

Business & Economy

Status quo: SBP keeps interest rate unchanged at 12%

MPC says core inflation remains at an elevated level

Updated 10 Mar, 2025 10:53pm

Energy

Pakistan nearing $4.4bn loan to ease power sector debt

KARACHI: Pakistan’s government is negotiating a 1.25 trillion Pakistani rupee ($4.47 billion) loan with commercial...

Updated 08 Mar, 2025 06:39pm

Business & Economy

PM meets prominent business figures as govt eyes economic boost

In a bid to strengthen growth and foster collaboration between the government and the private sector, Prime Minister...

Updated 07 Mar, 2025 10:21pm

Energy

Govt planning to borrow Rs1.25trn from banks to clear circular debt, says brokerage house

In a key development for Pakistan’s power sector, the government was planning to borrow Rs1.25 trillion from the...

Updated 07 Mar, 2025 11:10pm

Business & Economy

SBP likely to deliver seventh straight cut amid cooling inflation

Pakistan’s central bank is expected to lower its key interest rate by up to 50 basis points (bps) on Monday,...

Updated 06 Mar, 2025 01:38pm

Business & Economy

Pakistan expected to clear first review of $7bn IMF programme: Bloomberg

Pakistan is “likely to pass” the ongoing first review of its $7 billion Extended Fund Facility (EFF) programme with...

Updated 05 Mar, 2025 07:57pm

Currency

Pakistan appoints Bilal bin Saqib as chief crypto advisor

As Pakistan moves toward formalizing its stance on cryptocurrency, the government has appointed Bilal bin Saqib as...

Updated 05 Mar, 2025 04:33pm

Currency

Pakistan weighs cryptocurrency regulations amid concerns

As Pakistan moves toward formalizing its stance on cryptocurrency, key stakeholders voiced their concern over...

Published 04 Mar, 2025 02:59pm

Business & Economy

Pakistan ‘well positioned’ for first review of IMF bailout, says Aurangzeb

Programme has played key role in stabilising Pakistan’s economy

Updated 04 Mar, 2025 11:05pm

Business & Economy

Pakistan’s trade deficit surges 33% YoY to $2.3bn in February 2025

Trade deficit stood at $1.72 billion in February 2024

Updated 03 Mar, 2025 10:55pm

Business & Economy

Inflation in Pakistan clocks in at 1.5% in February 2025

CPI reading eases to 113-month low

Updated 03 Mar, 2025 10:53pm

Business & Economy

Hutchison Ports presents $1bn investment plan to modernise Pakistan’s ports

Hutchison Ports, one of the world’s leading ports network, presented their $1 billion investment plan to modernize...

Updated 28 Feb, 2025 10:43pm

Business & Economy

SBP’s rate cut cycle nears end, says brokerage house ahead of MPC

Majority expect up to 100bps rate cut in key policy rate in upcoming MPC, AHL survey finds

Updated 28 Feb, 2025 10:39pm

Business & Economy

Pakistan’s inflation projected to reach 2.3% in February

Pakistan headline inflation is expected to fall to 2.3% in February 2025, slightly lower than 2.4% recorded in the...

Published 27 Feb, 2025 02:04pm

Business & Economy

Tax Policy Office to be operationalised ‘in a few days’: Aurangzeb

Govt committed to broadening tax base, advancing with focused approach to make Pakistan export-led country, says finance minister

Published 26 Feb, 2025 09:39pm

Business & Economy

IMF team to visit Pakistan next week, says FM Aurangzeb

Islamabad secured $7bn programme last summer as part of economic recovery plan

Updated 26 Feb, 2025 10:14pm

Business & Economy

UK govt official urges Pakistani firms to use their country as platform to go global

'They can invest in expanding their business into the UK. And from there, they can access European and US markets,' says UK Director General for Strategy and Investment, Ceri Smith

Updated 26 Feb, 2025 10:03pm

Business & Economy

Bangladesh issues new tender to buy 50,000 tons of rice, traders say

HAMBURG: Bangladesh’s state grains buyer has issued a new international tender to purchase 50,000 metric tons of...

Published 25 Feb, 2025 11:52am

Business & Economy

Pakistan, Bangladesh resume direct trade after more than 50 years

DHAKA: Bangladesh has resumed direct trade with Pakistan for the first time since its independence in 1971, with the...

Updated 24 Feb, 2025 10:46pm

Currency

Aurangzeb calls for open-minded approach towards cryptocurrency in Pakistan

KARACHI: Finance Minister Muhammad Aurangzeb has urged authorities, including the State Bank of Pakistan (SBP) to...

Updated 24 Feb, 2025 10:31pm

Business & Economy

Reforming SOEs and privatisation ‘right thing to do’, says Aurangzeb

Finance Minister Muhammad Aurangzeb on Monday reaffirmed the government’s commitment to economic reforms,...

Updated 24 Feb, 2025 10:56pm

Business & Economy

Govt plans to reduce financial burden on salaried class in upcoming budget: FM Aurangzeb

Finance Minister Muhammad Aurangzeb has announced his government’s intention to reduce the financial burden on the...

Updated 23 Feb, 2025 10:48pm

Business & Economy

Govt won’t support ‘plots and files’ business, says Aurangzeb

Finance Minister Muhammad Aurangzeb on Saturday reiterated the government’s commitment towards structural reforms,...

Updated 22 Feb, 2025 09:12pm

Business & Economy

IMF lauds Pakistan’s commitment to governance, corruption assessment

An International Monetary Fund (IMF) mission that visited Pakistan earlier this month to assess the governance and...

Published 22 Feb, 2025 01:14pm

Business & Economy

IMF mission set to visit Pakistan in early to mid-March

A technical team will be in Pakistan starting in late February to discuss technical issues

Updated 22 Feb, 2025 09:13pm

Commodities

Pakistan inflation expected to clock in at 2.0-2.5% in February, says brokerage house

Consumer Price Index stood at 2.4% in January

Updated 21 Feb, 2025 10:20pm

Business & Economy

World Bank’s MIGA pledges support for Pakistan’s financial sector, capital markets

Delegation from Multilateral Investment Guarantee Agency meets Finance Minister Aurangzeb

Updated 21 Feb, 2025 10:15pm

Business & Economy

Asyad Holdings, Wafi Energy plan further investment in Pakistan

Asyad Holdings – a Saudi business conglomerate and Wafi Energy Pakistan, formerly Shell Pakistan Limited, have...

Updated 20 Feb, 2025 10:09pm

Business & Economy

IMF, Pakistan to open $1 billion climate finance talks next week, says adviser

Khurram Schehzad says mission to visit from February 24 to 28 for review and discussion of climate resilience funding

Updated 20 Feb, 2025 09:53pm

Business & Economy

Pakistan to export 100,000 metric tons of water buffalo meat to Indonesia

JAKARTA: Indonesia will import 100,000 metric tons of water buffalo meat from Pakistan, the National Food Agency...

Updated 20 Feb, 2025 08:11pm

Business & Economy

Pakistan cannot afford ‘free riders’: Aurangzeb calls for fairer tax contribution

Stresses on documentation of parallel economy

Updated 20 Feb, 2025 09:56pm

Business & Economy

Finance minister apprises WB delegation of govt’s reform agenda

Govt committed to ensuring business-friendly environment where private sector takes lead in driving economic growth, says Aurangzeb

Updated 19 Feb, 2025 10:59pm

Business & Economy

Pakistan eyes more G2G investment from Saudi Arabia, says Aurangzeb

Finance minister says structural reforms to pave way for sustainable growth

Updated 19 Feb, 2025 10:52pm

Business & Economy

US envoy commits to strengthening ties with Pakistan: PMO

The United States (US) Chargé d’Affaires Natalie Baker has said that the new US administration will work with...

Published 18 Feb, 2025 10:25pm

Business & Economy

Pakistan registers massive $420mn current account deficit in January 2025

This is first deficit since July 2024, showed SBP data

Updated 18 Feb, 2025 10:35pm

Business & Economy

Pakistan economy moving in the ‘right direction’, says IMF’s Georgieva

Kristalina Georgieva, Managing Director International Monetary Fund (IMF), lauded Pakistan’s economic progress,...

Published 18 Feb, 2025 02:35pm

Business & Economy

Pakistan seeks sustainable growth as Aurangzeb highlights structural reforms: report

Finance minister emphasises prudent fiscal management

Updated 18 Feb, 2025 10:31pm

Business & Economy

Govt aims to privatise up to 50 SOEs in next 3-4 years: minister

One-third of state-owned enterprises strategic assets, Minister for Economic Affairs Ahad Cheema tells World Bank delegation

Updated 17 Feb, 2025 11:00pm

Business & Economy

Aurangzeb says Pakistan seeks export of skilled labour to Saudi Arabia: report

Finance Minister Muhammad Aurangzeb has said that “vast opportunities exist” to enhance the export of skilled...

Updated 17 Feb, 2025 09:52pm

Business & Economy

PM Shehbaz, World Bank delegation discuss $40bn accord

Investment to be made under World Bank’s recently launched Country Partnership Framework

Updated 17 Feb, 2025 09:52pm

Business & Economy

HBL, S&P Global launch Pakistan’s first manufacturing PMI

ISLAMABAD: Pakistan’s largest bank, HBL, and global financial information and analytics firm S&P Global have...

Updated 14 Feb, 2025 10:28pm

Business & Economy

Aurangzeb discusses Pakistan’s structural reforms with IFC chief

Finance Minister Muhammad Aurangzeb discussed key structural reforms undertaken by the government with Makhtar Diop,...

Updated 14 Feb, 2025 09:22pm

Business & Economy

Enhancing bilateral trade: Pakistan, Turkiye to ink 21 agreements

In a bid to strengthen bilateral economic ties, Pakistan and Türkiye are set to sign 21 agreements in key sectors...

Updated 13 Feb, 2025 03:00pm

Business & Economy

IMF signals support, says PM as Pakistan pursues cost-cutting

Prime Minister Shehbaz Sharif Wednesday said the International Monetary Fund (IMF) has responded positively to...

Updated 12 Feb, 2025 10:23pm

Business & Economy

PM Shehbaz, IMF’s Georgieva discuss ongoing programme

Washington-based lender reiterates continued support for Pakistan’s reform agenda, read a statement

Updated 12 Feb, 2025 10:21pm

Business & Economy

IMF delegation meets CJP Afridi on ‘Finance Division’s request’

International Monetary Fund team in Pakistan to conduct Governance and Corruption Diagnostic Assessment under country’s 2024 Extended Fund Facility programme

Updated 11 Feb, 2025 10:38pm

Business & Economy

Carbon markets being explored through innovative financial mechanisms: Gilani

Acting president says climate change not just environmental concern but fundamental economic security issue

Updated 07 Feb, 2025 10:46pm

Business & Economy

Pakistan’s economic stability improves, but IMF & structural reforms crucial: Fitch

Securing sufficient external financing remains a challenge, rating agency says

Updated 07 Feb, 2025 09:55pm

Energy

Pakistan, China sign MoUs to enhance cooperation in clean energy, construction

Pakistan and China signed multiple memorandums of understanding (MoUs) Thursday to enhance cooperation in different...

Published 06 Feb, 2025 12:29pm

Business & Economy

Pakistan, China sign MoUs to enhance cooperation in multiple fields

Both sides agree to enhance intelligence sharing

Updated 05 Feb, 2025 10:00pm

Business & Economy

Over 9-year low: Inflation in Pakistan clocks in at 2.4% in January 2025

Pakistan’s headline inflation clocked in at 2.4% on a year-on-year basis in January 2025, a reading below that of...

Updated 03 Feb, 2025 10:44pm

Business & Economy

Pakistan, Iran business chambers ink MoU to boost bilateral trade to $10bn

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has inked a memorandum of understanding (MoU)...

Updated 03 Feb, 2025 05:07pm

Business & Economy

Taxation measure: reluctant Sindh approves Agricultural Income Tax Bill 2025

Livestock sector, however, remains excluded from agri income tax

Updated 03 Feb, 2025 11:14pm

Business & Economy

US business delegation explores investment opportunities in Pakistan

Meets Prime Minister Shehbaz Sharif, expresses interest in key sectors including mining and minerals, according to PMO statement

Updated 29 Jan, 2025 10:12pm

Business & Economy

Aurangzeb hints at tax reforms for Pakistan’s salaried group

Finance minister says slabs need re-think, but commitment cannot be made

Updated 28 Jan, 2025 09:13pm

Business & Economy

Bulk of Pakistan’s foreign debt repayment for FY25 already repaid: SBP chief

Governor State Bank of Pakistan (SBP) Jameel Ahmad on Monday said “bulk of” the country’s foreign debt for the...

Updated 27 Jan, 2025 09:51pm

Business & Economy

Naqvi assures resolution of US companies issues

Federal Interior Minister Mohsin Naqvi has assured to resolve issues of US companies operating in Pakistan on a...

Updated 25 Jan, 2025 05:59pm

Business & Economy

SBP likely to deliver sixth straight rate cut to revive economy

MPC scheduled to meet on January 27 (Monday)

Updated 24 Jan, 2025 09:39pm

Business & Economy

$20bn funding: World Bank’s Country Partnership Framework for Pakistan launched

PM Shehbaz reaffirms commitment to implementing 10-year programme aimed to support inclusive, sustainable development

Updated 23 Jan, 2025 11:03pm

Business & Economy

Pakistan’s inflation expected to fall below 3% in January

Declining inflation raise hopes of further cut in policy rate

Updated 23 Jan, 2025 11:05pm

Energy

OGDCL boosts oil production at Kunnar Oil Field in Sindh

The Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company,...

Updated 23 Jan, 2025 04:37pm

Business & Economy

Pakistan ‘moving in the right direction,’ Aurangzeb asserts at WEF

Finance minister says govt focused on reducing expenditures, debt servicing volume

Updated 22 Jan, 2025 10:16pm

Business & Economy

Pakistan says it has agreed $1 billion loan with two Middle East banks

Terms set at 6-7% interest rate as country continues to look at more financing

Updated 21 Jan, 2025 10:41pm

Business & Economy

Aurangzeb says Pakistan’s taxation, stabilisation measures offer lessons for other developing economies

Country addressing structural inefficiencies in revenue collection, energy, SOEs, and privatisation, finance minister writes in World Economic Forum

Updated 21 Jan, 2025 10:16pm

Business & Economy

Pakistan eyes strategic partnerships at World Economic Forum 2025

Advisor to Finance Minister Khurram Schehzad on Tuesday said Pakistan seeks to secure strategic partnerships with...

Updated 21 Jan, 2025 10:51pm

Commodities

Saudi’s Manara Minerals to buy stake in Pakistan’s Reko Diq gold project: FT reports

Mining fund set to buy 10-20% stake in Reko Diq

Updated 21 Jan, 2025 10:06pm

Business & Economy

Ministries directed to prioritise objectives in line with Uraan Pakistan

Planning minister Ahsan Iqbal on Monday asked all concerned ministries to prioritise their objectives in line with...

Published 20 Jan, 2025 09:23pm

Commodities

Pakistan’s Reko Diq mine to generate $74bn in free cash flow over 37 years, Barrick CEO says

Project expected to start production by end of 2028

Updated 20 Jan, 2025 10:18pm

Business & Economy

PM Shehbaz welcomes Pakistan’s inclusion in WEF’s Digital FDI Initiative

Pakistan’s first Digital FDI project is making significant efforts to promote digital growth by identifying key targets: PM Shehbaz Sharif

Updated 18 Jan, 2025 08:47pm

Business & Economy

Pakistan registers massive $582mn current account surplus in December 2024

This is fifth consecutive month of current account surplus

Updated 17 Jan, 2025 09:04pm

Business & Economy

UAE confirms rollover of $2bn loan to Pakistan: SBP

The United Arab Emirates (UAE) has confirmed the rollover of its two deposits of $1 billion each, the State Bank of...

Published 16 Jan, 2025 10:19pm

Energy

Govt cuts tariff on charging stations by 45%: Awais Leghari

Energy minister says decision will pave way for expansion of charging stations, and increase EV adoption in Pakistan

Updated 15 Jan, 2025 10:32pm

Business & Economy

World Bank’s $20bn pledge reflects confidence in Pakistan’s economy: PM Shehbaz

Prime Minister Shehbaz Sharif on Wednesday welcomed the World Bank’s pledge of $20 billion for Pakistan under its...

Updated 15 Jan, 2025 05:45pm

Business & Economy

Saudi firm Manara may invest in Pakistan’s Reko Diq mine, minister says

RIYADH: Saudi Arabian mining company Manara Minerals could invest in Pakistan’s Reko Diq mine in the next two...

Updated 14 Jan, 2025 11:08pm

Business & Economy

Aurangzeb, Lee explore opportunities to enhance Pakistan-Hong Kong economic ties

Finance Minister Muhammad Aurangzeb on Tuesday emphasized the need for strengthening economic and diplomatic...

Updated 14 Jan, 2025 11:08pm

Business & Economy

Aurangzeb pledges enhanced security for Chinese interests in Pakistan: Report

Pledges more cooperation with Beijing on next phase of China–Pakistan Economic Corridor

Updated 14 Jan, 2025 11:07pm

Business & Economy

Pakistan on track to meet IMF’s tax target, says Aurangzeb

Govt committed to widen, deepen tax base, adds finance minister

Updated 13 Jan, 2025 09:35pm

Business & Economy

RDA inflows up 9%, clock in at $203mn in December 2024

Inflows through the Roshan Digital Account (RDA) clocked in at $203 million in December, reflecting a growth of 9%...

Updated 11 Jan, 2025 05:50pm

Business & Economy

UN projects Pakistan’s GDP growth at 3.4% in 2025, inflation to be in double digits

UN report says the near-term economic outlook for South Asia is expected to remain robust

Updated 11 Jan, 2025 06:11pm

Business & Economy

Pakistan’s remittance inflow at $3.1bn in December 2024, up 6% month-on-month

Amount 29.3% higher when compared with $2.38 billion in December 2023

Updated 10 Jan, 2025 10:06pm

Business & Economy

Inflation to lower pace further in January, says SBP governor

However, some volatility may be seen following next month: Jameel Ahmad

Updated 09 Jan, 2025 10:53pm

Business & Economy

Gwadar Port: Planning minister seeks marketing templates, packages for ‘cost-effective’ trade routes

Materials to be distributed through Pakistan’s embassies, missions worldwide to promote Gwadar Port on global scale

Updated 08 Jan, 2025 10:59pm

Business & Economy

Current tax slabs ‘prohibitive’ but IMF commitments will be honoured, says PM

Addresses business persons at Pakistan Stock Exchange in Karachi

Updated 08 Jan, 2025 10:44pm

Business & Economy

Rightsizing measures: govt to abolish 150,000 vacant posts, says Aurangzeb

Govt deliberating on reducing contingency posts

Updated 07 Jan, 2025 10:23pm

Business & Economy

UAE rolls over $2bn loan, agrees to provide additional investment: PM

$2bn payment to UAE was due this month

Updated 07 Jan, 2025 10:00pm

Business & Economy

‘Ineligible persons’: stock brokers urge Aurangzeb for consultation on Tax Law (Amendment) Act

KARACHI: Pakistan Stock Brokers Association (PSBA) has urged Finance Minister Muhammad Aurangzeb to consult...

Updated 07 Jan, 2025 10:12pm

Business & Economy

In meeting with UAE president, PM Shehbaz underscores readiness to expand cooperation in multiple sectors

Both leaders discuss economic collaboration, regional stability, climate change, and promotion of mutual interests on global stage, Prime Minister's Office says

Updated 05 Jan, 2025 09:41pm

Business & Economy

Uraan Pakistan designed to avoid pitfalls of previous initiatives: Ahsan Iqbal

Planning minister says Vision 2010, Vision 2025 derailed due to political instability, policy discontinuity

Updated 03 Jan, 2025 11:00pm

Business & Economy

Turkish group bids below minimum fee for Islamabad Airport operations

Matter will now be referred to the International Finance Corporation (IFC), which is advising Islamabad on the outsourcing, before Pakistan takes a decision on whether the bid can go through

Updated 02 Jan, 2025 10:27pm

Business & Economy

Eyeing stronger Pakistan-US ties, Aurangzeb advocates diaspora engagement

In a bid to strengthen economic ties with the US, Federal Minister for Finance Muhammad Aurangzeb met with Rizwan...

Updated 02 Jan, 2025 10:54pm

Business & Economy

PBC urges govt to avoid past mistakes, identifies five risks to Pakistan’s economy

The Pakistan Business Council (PBC), the country’s leading corporate advocacy platform, highlighted five major...

Updated 02 Jan, 2025 06:11pm

Currency

Rupee’s stable road: PKR sees off best year since 2015

Currency had depreciated for a successive 7 years before seeing some gain in 2024

Updated 01 Jan, 2025 04:50pm

Business & Economy

Inflation in Pakistan clocks in at 4.1% in December 2024

Reading in line with government projection, strengthens case for continued monetary easing

Updated 01 Jan, 2025 09:40pm

Business & Economy

PM urges authorities to address revenue shortfall, meet IMF targets

Prime Minister Shehbaz Sharif on Wednesday stressed the tax collection authorities to meet the revenue targets...

Updated 01 Jan, 2025 09:51pm

Business & Economy

What is the National Economic Plan 2024-29 Shehbaz-led govt introduced?

The government on Tuesday unveiled ‘Uraan Pakistan: Home-grown National Economic Plan 2024-29’, a five-year national...

Published 31 Dec, 2024 09:20pm

Business & Economy

‘Uraan Pakistan’: PM Shehbaz unveils 5-year plan for economy

National Economic Transformation Plan is based on 5Es framework of (i) Export; (ii) E-Pakistan; (iii) Environment and Climate Change; (iv) Energy and Infrastructure; and (v) Equity, Ethics and Empowerment

Updated 31 Dec, 2024 10:34pm

Business & Economy

1,200MW electricity: construction begins of Chashma Nuclear Power Project Unit-5

PM Shehbaz says project another milestone in strategic cooperation between Pakistan, China

Updated 30 Dec, 2024 10:48pm

Business & Economy

Pakistan’s GDP grows 0.92% in July-Sept, 2.5% in FY24

Growth in agriculture, industry and services stood at 1.15%, -1.03% and 1.43% respectively, in Q1 FY25

Updated 30 Dec, 2024 11:25pm

Business & Economy

Agriculture, IT twin engines of growth: Finance Minister

Aurangzeb expresses intention to shut down Pakistan Agricultural Storage and Services Corporation, create alternative mechanism for maintaining strategic reserves

Updated 29 Dec, 2024 10:05pm

Business & Economy

Pakistan’s inflation projected at 4-5% in December, says Ministry of Finance

Pakistan’s headline inflation is expected to stay within the 4-5% range in December, the Finance Division projected...

Updated 27 Dec, 2024 10:07pm

Business & Economy

Pakistan’s inflation anticipated to lower further in December, easing cycle likely to continue

The slowing inflationary trend in Pakistan is likely to persist as the CPI-based figure is expected to clock in at...

Updated 24 Dec, 2024 10:03pm

Business & Economy

IFC, local banks to provide $52.2mn financing for tyre production in Pakistan

The International Finance Corporation (IFC), a member of the World Bank Group, and a consortium of Pakistani banks,...

Updated 23 Dec, 2024 08:53pm

Business & Economy

No UAE visa issue, waiting for Islamabad to sign FTA: UAE consul general

KARACHI: UAE Consul General in Karachi Dr Bakheet Ateeq Al Rumaithi announced on Thursday that talks for a free...

Updated 19 Dec, 2024 09:44pm

Business & Economy

Aurangzeb optimistic about economic trajectory amid positive indicators

Finance minister says Pakistan’s current account posted a surplus after 10 years.

Updated 18 Dec, 2024 10:40pm

Energy

Pakistan’s power generation increases in November as cost inches up

Power generation in Pakistan clocked in at 8,032 GWh (11,156 MW) in November 2024, an increase of over 6% YoY...

Updated 18 Dec, 2024 10:56pm

Business & Economy

Japan approves $9.91mn grant for KP’s flood-hit areas

Japan approved on Tuesday a grant worth $9.91 million for improvement of maternal and child health equipment in...

Updated 17 Dec, 2024 10:54pm

Business & Economy

Pakistan records massive $729mn current account surplus in November 2024

This is fourth consecutive month in which Pakistan's current account has posted surplus

Updated 17 Dec, 2024 10:49pm

Business & Economy

Govt’s interest payments to decrease by Rs1.5tn in FY25 as policy rate comes down: SBP chief

State Bank of Pakistan (SBP) Governor Jameel Ahmad has said the decline in key policy rate will help the government...

Updated 17 Dec, 2024 09:04pm

Business & Economy

Digital Nation Pakistan Bill tabled in National Assembly

Bill aims to establish a unified digital identity for citizens with centralised social, economic, and governance data

Updated 16 Dec, 2024 09:47pm

Business & Economy

How the key interest rate has moved since July 2022

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Monday reduced the key policy rate by 200...

Updated 16 Dec, 2024 09:46pm

Business & Economy

Fifth successive cut: SBP reduces key policy rate by 200bps, takes it to 13%

Development in line with analysts' expectations

Updated 16 Dec, 2024 10:39pm

Business & Economy

World Bank approves $240mn for WASH services in Karachi

Financing to support investments in water, sanitation services

Updated 13 Dec, 2024 10:56pm

Energy

‘Rs146bn unpaid’: Energy minister writes letters to provinces for outstanding power dues

Overdue electricity bills hindering ongoing reforms in energy sector, Awais Leghari says

Updated 12 Dec, 2024 10:31pm

Business & Economy

Aurangzeb says Pakistan economy’s issues have been addressed

In address at Islamic capital markets conference, finance minister says country committed towards raising infrastructure finance through Shariah-compliant bonds

Updated 12 Dec, 2024 10:35pm

Business & Economy

Pakistan’s business confidence improves, but investment outlook dims: survey

Pakistan’s overall business confidence improved to a two-year high, driven by positive economic indicators, but the...

Updated 11 Dec, 2024 11:08pm

Business & Economy

ADB approves $330mn financing to bolster Pakistan’s social protection programmes

Result-based loan to expand grassroots-level social protection, lender says

Updated 11 Dec, 2024 09:45pm

Energy

ADB approves $200mn loan to modernise Pakistan’s power distribution network

The Asian Development Bank (ADB) on Wednesday approved a $200 million loan to modernise Pakistan’s power...

Updated 11 Dec, 2024 09:45pm

Business & Economy

‘Pakistan an invest-able market’: Engro Corp’s Samad Dawood explains tower sharing deal with Veon

KARACHI: Pakistan’s largest conglomerate Engro Corp, through its strategic partnership with Veon, is eyeing...

Updated 10 Dec, 2024 09:42pm

Business & Economy

Remittances to hit $35bn in FY25: Finance Minister

Aurangzeb says market forces are determining exchange rate

Updated 07 Dec, 2024 06:02pm

Business & Economy

Pakistan’s PIA to resume flights to Europe on Jan. 10 after 4-1/2 year ban

PIA's authorisation to operate in EU was suspended in June 2020 over concerns about ability of Pakistani authorities and its Civil Aviation Authority to ensure compliance with international aviation standards

Updated 06 Dec, 2024 10:27pm

Business & Economy

In meeting with IMF’s new representative, Aurangzeb reaffirms commitment to loan programme

Finance minister Muhammad Aurangzeb reiterated on Thursday Pakistan’s commitment to ensuring “smooth and successful”...

Updated 05 Dec, 2024 10:15pm

Business & Economy

Saudi Fund for Development extends term of $3bn deposit for another year: SBP

$3 billion deposit agreement was initially signed with SFD in 2021 and subsequently rolled over in 2022 and 2023

Updated 05 Dec, 2024 10:15pm

Business & Economy

PIA names acting CEO as it prepares to resume European flights

KARACHI: Pakistan International Airlines (PIA) on Thursday named one of the company’s senior executives as acting...

Updated 05 Dec, 2024 11:02pm

Energy

Pakistan defers LNG contract with Qatar for a year, petroleum minister says

Development comes amid decline in country's power usage

Updated 04 Dec, 2024 10:37pm

Business & Economy

‘Moving in the right direction’: Aurangzeb highlights economic progress

Federal Minister for Finance and Revenue Muhammad Aurangzeb Wednesday reaffirmed that Pakistan’s macroeconomic...

Updated 04 Dec, 2024 10:49pm

Business & Economy

‘No hiccups’: finance ministry reaffirms commitment to IMF programme, refutes speculation

Statement comes after report that Pakistan was facing some issues with IMF programme over meeting some conditions

Updated 04 Dec, 2024 10:05pm

Business & Economy

Finance ministry expects another policy rate cut as inflation comes down

Monetary Policy Committee meeting of the State Bank of Pakistan is scheduled to take place on Monday, December 16

Updated 02 Dec, 2024 10:12pm

Business & Economy

Lowest since May 2018: inflation in Pakistan clocks in at 4.9% in November 2024

Reading also below official expectations

Updated 02 Dec, 2024 10:30pm

Business & Economy

PM credits investor confidence in govt policies as KSE-100 hits 100,000

Prime Minister Shehbaz Sharif on Thursday hailed the unprecedented performance of Pakistan’s stock market, as the...

Updated 28 Nov, 2024 10:42pm

Business & Economy

Pakistan inflation to ease further in November 2024, says Ministry of Finance

In its ‘Monthly Economic Update and Outlook’, the ministry says fiscal consolidation and contained inflation will provide impetus to economic activities in the coming months

Updated 27 Nov, 2024 10:42pm

Business & Economy

World Bank offers assistance to streamline Pakistan’s budget-making process

The World Bank has offered Pakistani authorities technical assistance to enhance the budget-making process and adopt...

Updated 26 Nov, 2024 10:23pm

Business & Economy

Pakistan, Belarus sign 8 MoUs to boost trade, cooperation

Two sides agree to establish working groups for energy, industrial collaboration, Ministry of Commerce says

Updated 25 Nov, 2024 10:38pm

Business & Economy

PTI protests causing daily loss of Rs190bn, says Aurangzeb

Federal Minister for Finance Muhammad Aurangzeb has said the ongoing protests by the opposition Pakistan...

Updated 25 Nov, 2024 09:57pm

Business & Economy

PM Shehbaz briefed on IMF talks, reviews economic situation

The Ministry of Finance briefed Prime Minister Shehbaz Sharif regarding the ongoing talks with the International...

Updated 18 Nov, 2024 11:07pm

Business & Economy

Jul-Oct FDI clocks in at $904.3mn, up 32% YoY

Net Foreign Direct Investment (FDI) in Pakistan grew 32.3% during the first four months of the ongoing fiscal year...

Updated 18 Nov, 2024 11:20pm

Business & Economy

Pakistan discusses $7bn bailout reform agenda with IMF in unusual talks

Reforms in taxation, energy sector, privatisation of loss-making SOEs and public finance came under discussion, finance minister says

Updated 17 Nov, 2024 11:18pm

Stocks

In its ‘strategy report’, AHL says KSE-100 to hit 120,000 by December 2025

Brokerage house Arif Habib Limited (AHL) expects the KSE-100 Index – largely seen as a benchmark for stock market...

Published 16 Nov, 2024 11:13am

Business & Economy

IMF calls for reduced govt intervention, energy reforms in Pakistan’s economy

Washington-based lender's mission led by Nathan Porter states conclusion of a staff visit to Pakistan from November 12 to 15, 2024

Updated 16 Nov, 2024 04:30pm

Business & Economy

1QFY25: With IMF in Islamabad, Punjab revises budget figures, now posts Rs40bn surplus

Finance ministry says with concurrence of the IMF, it has updated revised figures on its website, showing a surplus for Pakistan's most populous province

Updated 15 Nov, 2024 10:56pm

Business & Economy

CCoP reiterates ‘resolve to divest’ PIA shares, but adds G2G mode

Says will pursue its divestment through privatisation or government-to-government mode

Updated 15 Nov, 2024 10:29pm

Business & Economy

IMF delegation meets Aurangzeb: Finance Divison

Senior officials, including FBR chairman and SBP governor, also present at meeting

Updated 12 Nov, 2024 10:48pm

Business & Economy

Ministry assures Maersk of ‘full support’ as Pakistan seeks $2bn investment from Danish company

Agreement with Maersk expected this week, Maritime Affairs minister Qaiser Ahmed Sheikh says

Updated 11 Nov, 2024 10:03pm

Business & Economy

Abu Dhabi Ports, Pakistan sign 4 MoUs

PM witnesses signing related to Ministries of Maritime Affairs, Aviation, Railways and Federal Board of Revenue with Abu Dhabi (AD) Ports Group

Updated 08 Nov, 2024 10:39pm

Forex

Pakistan’s remittance inflow at $3.05bn in October 2024, up 24% year-on-year

Amount also 7% higher when compared with $2.86 billion in September 2024

Updated 08 Nov, 2024 10:02pm

Stocks

MSCI adds 8 Pakistani companies to Small Cap, removes TRG Pakistan from Frontier Markets Indexes

Morgan Stanley Capital International (MSCI) Inc., a leading provider of critical decision support tools and...

Updated 07 Nov, 2024 09:49pm

Business & Economy

Aurangzeb targets Pakistan’s credit rating improvement amid positive indicators

ECC will regularly monitor the prices of pulses and chicken, says Aurangzeb

Updated 06 Nov, 2024 06:56pm

Business & Economy

Pakistan desires to strengthen ties with Iran: PM Shehbaz

Prime Minister Shehbaz Sharif on Tuesday said Pakistan desires to further strengthen its brotherly relationship with...

Published 05 Nov, 2024 10:51pm

Business & Economy

Pakistan’s bilateral partners to continue rollovers during IMF programme: SBP governor

ISLAMABAD: The State Bank of Pakistan (SBP) Governor Jameel Ahmad told analysts on Monday that bilateral partner...

Updated 04 Nov, 2024 08:41pm

Business & Economy

Higher than market consensus: SBP reduces key policy rate by 250bps, takes it to 15%

Most analysts had expected cut of 200bps

Updated 04 Nov, 2024 09:53pm

Business & Economy

PM Shehbaz says promotion of foreign investment govt’s top priority

Premier's remarks come as he meets a delegation of influential business personalities from UK

Updated 03 Nov, 2024 10:10pm

Business & Economy

Pakistan’s trade deficit contracts 31% YoY to $1.5bn in October 2024

In 4MFY25, trade deficit narrows 5.59% to $6.97 billion

Updated 01 Nov, 2024 10:06pm

Business & Economy

Inflation in Pakistan clocks in at 7.2% in October 2024

Reading slightly higher than market and official expectations that put figure in range of 6-7%

Updated 01 Nov, 2024 10:57pm

Business & Economy

Govt posts a rare budget surplus of Rs1.7tn in Q1FY25

Only Punjab recorded a budget deficit among provinces

Updated 31 Oct, 2024 09:34pm

Business & Economy

Finance ministry sees Pakistan’s headline inflation at 6-7% in October 2024

CPI to decelerate further in November to 5.5-6.5%, says finance ministry

Updated 30 Oct, 2024 10:43pm

Business & Economy

Additional MoUs: Saudi Arabia, Pakistan enhance scope of partnership to $2.8bn

Saudi Arabia Minister for Investment says seven additional MoUs signed

Updated 30 Oct, 2024 09:21pm

Business & Economy

Real estate developer Blue World City cleared to bid for PIA, company chairman says

KARACHI: A Pakistani real estate development company said on Wednesday it had completed requirements to enter the...

Updated 30 Oct, 2024 10:02pm

Business & Economy

Climate and disaster resilience: ADB approves $500mn loan to support Pakistan

Lender also approves technical assistance grant of $1mn to support implementation

Updated 29 Oct, 2024 10:28pm

Stocks

Pakistan’s IPO market sees strong revival in 2024 with Rs8bn raised on PSX so far

The IPO market in Pakistan has seen a remarkable revival in 2024, as the Pakistan Stock Exchange (PSX) witnessed...

Updated 26 Oct, 2024 08:31pm

Business & Economy

Aurangzeb optimistic about swift finalisation of ADB’s Country Partnership Framework

Finance minister engages with key partners at IMF- World Bank meetings

Updated 26 Oct, 2024 08:32pm

Business & Economy

Pakistan aims to privatise flag carrier PIA in November: finance minister

Aurangzeb says ensuring macroeconomic stability, doing proper due diligence of interested parties behind five-month delay in privatisation process

Updated 24 Oct, 2024 11:48pm

Business & Economy

Aurangzeb explores climate financing, trade deals with global institutions

Finance Minister Muhammad Aurangzeb engaged with global financial institutions, including Standard Chartered Bank...

Updated 24 Oct, 2024 11:19pm

Business & Economy

Pakistan to explore international capital markets in due course, says Aurangzeb

Finance minister briefs CitiBank delegation on government reforms

Updated 23 Oct, 2024 11:24pm

Energy

Power generation in Pakistan falls in September amid rising costs, shift to renewables

Power generation in Pakistan stood at 12,487 GWh (17,343 MW) in September 2024, a decline of over 6% YoY compared to...

Updated 23 Oct, 2024 10:49pm

Business & Economy

Stay the course on reforms, IMF urges Pakistan

Remarks come as Pakistan delegation meets Middle East and Central Asia Department (MCD) Director Jihad Azour on sidelines of IMF, World Bank annual meetings in Washington

Updated 22 Oct, 2024 10:53pm

Business & Economy

Pakistan’s accelerated access to capital markets: Alvarez & Marsal team outlines steps

Alvarez & Marsal team has outlined steps for Pakistan to chart an accelerated path to international capital...

Updated 22 Oct, 2024 11:29pm

Business & Economy

Pakistan records $119mn current account surplus in September 2024

Development comes on back of massive increase in remittance inflows
This is the second successive month in which Pakistan's current account has posted surplus

Updated 21 Oct, 2024 11:32pm

Cotton & Textile

Pakistan’s cotton import bill set to hit $1.9bn as local production plummets

In a concerning development for Pakistan, the country’s cotton import bill is projected to reach $1.9 billion in the...

Updated 19 Oct, 2024 09:47pm

Business & Economy

Pakistan’s inflation likely to stay in single digit in October, rate cut anticipated

Consumer Price Index for October expected to clock in at 6.5-7.0%, according to a brokerage report

Updated 18 Oct, 2024 10:25pm

Business & Economy

SBP predicts 2.5-3.5% growth for FY25, warns of structural challenges

Inefficiencies in energy sector resulted in accumulation of circular debt, says central bank in annual report

Updated 17 Oct, 2024 10:51pm

Business & Economy

Aurangzeb discusses economic reforms, climate resilience with US envoy

Finance Minister Muhammad Aurangzeb told US Ambassador Donald Blome on Thursday that the government’s macroeconomic...

Updated 17 Oct, 2024 10:19pm

South Asia

SCO joint communique: member states say important to counter protectionist policies, sanctions

23rd Meeting of Council of Heads of Government of Member States of Shanghai Cooperation Organisation concludes in Islamabad

Updated 16 Oct, 2024 11:22pm

Business & Economy

Pakistan, China resolve to deepen strategic cooperation

Pakistan and China on Tuesday reaffirmed their commitment to further deepen strategic cooperation across key areas,...

Updated 15 Oct, 2024 11:32pm

Business & Economy

PM Shehbaz assures Premier Li of ‘unwavering commitment’ to safety of Chinese nationals in Pakistan

Both sides agree to continue high-level contacts, which include strengthening cooperation in all bilateral areas, PMO says

Published 14 Oct, 2024 11:48pm

Business & Economy

Pakistan, China agree to further enhance bilateral cooperation in multiple sectors

Two sides sign 13 accords to strengthen multiple cooperation
Inaugurate Gwadar International Airport

Updated 14 Oct, 2024 11:54pm

Business & Economy

ADB appoints Xiaoqin Fan as new country director for Pakistan

The Asian Development Bank (ADB) appointed Xiaoqin (Emma) Fan as its new country director for Pakistan on Monday....

Updated 14 Oct, 2024 09:56pm

Business & Economy

Pakistan all set to host 23rd SCO meeting in Islamabad: Deputy PM Dar

Two-day summit will commence on October 15

Published 13 Oct, 2024 11:21pm

Business & Economy

‘Living standards’: Pakistan lagging behind regional peers, says IMF

The International Monetary Fund (IMF) said Pakistan has “moved further and further behind” its regional peers in...

Updated 11 Oct, 2024 09:21pm

Business & Economy

IMF flags risks to Pakistan’s repayment capacity

In staff report, lender says risks, notably from high public debt and gross financing needs, low gross reserves and sociopolitical factors, could jeopardise policy implementation and erode repayment capacity and debt sustainability

Updated 11 Oct, 2024 10:31pm

Business & Economy

Pakistan, Saudi Arabia sign MoUs valuing $2.2bn in multiple sectors

PM Shehbaz vows agreements to be fully materialised without delay or red tape-ism

Published 10 Oct, 2024 11:08pm

Business & Economy

‘War on tax fraud’: Pakistan faces revenue gap of Rs3.4tr due to tax evasion & fraud, says finance ministry

Finance & Revenue Division cites FBR study pertaining to iron & steel, beverages, batteries, textile, and cement sectors

Updated 10 Oct, 2024 09:18pm

Business & Economy

World Bank projects Pakistan’s GDP growth at 2.8% in FY25

The World Bank expects economic activity in Pakistan to continue recovering with real GDP growth estimated at 2.8%...

Updated 10 Oct, 2024 09:55pm

Business & Economy

Saudi Arabia, Pakistan to sign Barrick deal in few weeks, says Al Faleh

Eager to start number of mining initiatives but hope to close Reko Diq project with Pakistan's SOEs and Barrick Gold in the coming weeks, says Saudi Arabia Minister for Investment

Updated 10 Oct, 2024 11:59pm

Business & Economy

High-level Saudi business delegation arrives in Pakistan on three-day visit

PM Shehbaz had earlier stated that he expected agreements worth $2 billion to be signed

Updated 10 Oct, 2024 01:06am

Business & Economy

Pakistan’s remittance inflow stands at $2.85bn in September 2024, up 29% year-on-year

Amount marginally lower than in August 2024
During 3MFY25, remittances up nearly 39% YoY to $8.8 billion as compared to $6.3 billion in 3MFY24

Updated 09 Oct, 2024 10:51pm

Business & Economy

Chinese engineers killed in Karachi terror attack were involved in debt talks with govt: Aurangzeb

Finance minister says these 'brothers of Pakistan' wanted to create 'win-win situation' in terms of reducing power tariffs in the country
Pakistan’s economy incurs losses to the tune of Rs190 billion per day due to strike and strife, Aurangzeb says

Updated 08 Oct, 2024 08:27pm

Business & Economy

Pakistan will not lose focus on reforms, Aurangzeb tells foreign investors

Federal Minister for Finance Muhammad Aurangzeb assured international investors that the government will not let go...

Updated 08 Oct, 2024 10:23pm

Business & Economy

Pakistan to sign agreements worth $2bn with Saudis, PM Shehbaz Sharif says

The Saudi delegation is expected to visit Pakistan before Shanghai Cooperation Organisation meeting

Updated 08 Oct, 2024 10:23pm

Business & Economy

Pitching Pakistan’s economy: brokerage house AHL says country not witnessing exodus of foreign investment

Brokerage house Arif Habib Limited (AHL) has emphatically said that Pakistan is not witnessing an exodus of foreign...

Updated 05 Oct, 2024 10:27pm

Business & Economy

Aurangzeb calls for ‘leveraging’ economic gains to ensure permanent stability

Finance Minister Mohammed Aurangzeb called for “leveraging” Pakistan’s improving economic position to achieve...

Updated 02 Oct, 2024 10:15pm

Business & Economy

Pakistan’s trade deficit widens marginally to $5.4bn in 3MFY25

Gap comes on account of higher imports that stand at $13.31bn, while exports clock in at $7.88bn in three months

Updated 02 Oct, 2024 10:17pm

Business & Economy

T-Bill buyback to boost lending to private sector: SBP governor

State Bank of Pakistan (SBP) Governor Jameel Ahmad on Wednesday said the government’s move to buy back Market...

Updated 02 Oct, 2024 10:14pm

Business & Economy

Lowest reading since Jan 2021: inflation in Pakistan clocks in at 6.9% in September 2024

Reading also lower than market expectations that put figure in range of 7.5-8%

Updated 01 Oct, 2024 07:47pm

Business & Economy

Pakistan’s GDP grows 3.07% in April-June, 2.52% in FY24

National Accounts Committee says growth in agriculture, industry and services stands at 6.76%, -3.59% and 3.69%, respectively, in fourth quarter of 2023-24

Updated 30 Sep, 2024 10:53pm

Business & Economy

Aurangzeb says ‘DNA’ of Pakistan’s economy needs fundamental reform for IMF deal to be last one

Finance Minister says govt will keep going back to the same sectors for taxes unless it reforms system

Updated 29 Sep, 2024 09:55pm

Business & Economy

Pakistan’s economy to grow at 3.2%, face 9.2% inflation, projects IMF

The International Monetary Fund (IMF) has projected Pakistan’s GDP growth at 3.2% during FY25, compared to 2.4%...

Updated 28 Sep, 2024 10:46pm

Business & Economy

Key priorities highlighted by IMF for Pakistan’s $7bn Extended Fund Facility

In a key development, the International Monetary Fund (IMF) Executive Board approved Pakistan’s 37-month Extended...

Published 28 Sep, 2024 05:25pm

Business & Economy

IMF urges Pakistan to ‘move away’ from state-led growth model, calls for structural reforms

Officials note that given ambitious growth projections, there is no room for policy slippages without undermining debt sustainability

Updated 28 Sep, 2024 07:32pm

Business & Economy

PM Shehbaz engages World Bank, IMF leaders on Pakistan’s economic reforms

Expresses appreciation for IMF's technical assistance and capacity-building programs

Updated 27 Sep, 2024 11:33pm

Business & Economy

Despite progress, Pakistan’s vulnerabilities, structural challenges remain formidable: IMF

In its press release issued after Executive Board approval, IMF says difficult business environment, weak governance, and outsized role of the state hinder investment

Updated 26 Sep, 2024 08:51pm

Business & Economy

Pakistan’s economy on a sound path, says IMF chief after Executive Board approval

Kristalina Georgieva congratulates people of Pakistan for moving forward with home-defined, country-owned reforms

Updated 26 Sep, 2024 10:16pm

Business & Economy

IMF Executive Board approves Pakistan’s $7bn bailout package: PMO

As part of 37-month programme, IMF will immediately release an initial tranche of $1.1bn, Prime Minister's Office says

Updated 25 Sep, 2024 11:18pm

Business & Economy

IMF-backed reform agenda to accelerate Pakistan’s economic growth in FY25: ADB

In its Asian Development Outlook, Manila-based lender sees Pakistan's growth to grow by moderate 2.8% in FY25

Updated 25 Sep, 2024 10:52pm

Commodities

Explaining the price-surge: all that glitters is gold in Pakistan

The price of one-tola gold in Pakistan hit yet another all-time high on Tuesday to Rs273,000, breaking the previous...

Published 24 Sep, 2024 04:43pm

Business & Economy

Pakistan’s inflation likely to slow down further in September, fueling further rate cut speculation

The slowing inflationary trend in Pakistan is likely to continue in September, and projected to come down to almost...

Updated 21 Sep, 2024 08:07pm

Energy

Pakistan’s power generation falls sharply amid rising costs, solarisation

Power generation in Pakistan clocked in at 13,180 GWh (17,714 MW) in August 2024, a decline of over 17% YoY as...

Updated 19 Sep, 2024 10:24pm

Business & Economy

Pakistan’s current account posts surplus of $75mn in August 2024

Development comes on back of massive increase in remittance inflows

Updated 18 Sep, 2024 10:31pm

Business & Economy

ADB approves $320mn for Khyber Pakhtunkhwa road rehabilitation

The Asian Development Bank (ADB) on Friday approved a $320-million loan to support the rehabilitation of roads in...

Updated 13 Sep, 2024 10:46pm

Business & Economy

IMF executive board to discuss Pakistan programme on September 25: spokesperson

SBP governor says govt has arranged external financing commitments

Updated 12 Sep, 2024 10:53pm

Business & Economy

Privatisation of SOEs: cabinet committee approves WAPDA, NHA as essential entities

The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has decided to categorise the Water and Power Development...

Updated 12 Sep, 2024 10:04pm

Business & Economy

Most aggressive cut since April 2020: SBP reduces key policy rate by 200bps, brings it down to 17.5%

Pace of disinflation exceeded earlier expectations, says central bank
The previous occasion SBP moved with this quantum of reduction was in April 2020

Updated 12 Sep, 2024 10:54pm

Currency

‘Wrongly interpreted’: SBP issues clarification on art competition, new banknote series

The State Bank of Pakistan (SBP) on Thursday clarified banknote designs that have won the recent art competition are...

Updated 12 Sep, 2024 08:24pm

Business & Economy

Saudi Arabia committed to Pakistan’s economic growth, says KSA envoy

Finance Division says ambassador has indicated that a Saudi business delegation could visit Pakistan in coming months to explore areas for joint ventures, collaborative investments

Updated 11 Sep, 2024 08:44pm

Business & Economy

PTA says VPNs will not be blocked in Pakistan, but urges registration

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) on Tuesday clarified that the government was not about to...

Published 10 Sep, 2024 04:14pm

Business & Economy

Pakistan’s remittance inflow stands at $2.9bn in August, up 40.5% year-on-year

On monthly basis, inflow down 2%

Updated 09 Sep, 2024 10:35pm

Business & Economy

Pakistan not on IMF agenda till Sept 18, no word on external financing yet

The International Monetary Fund (IMF) has not yet included Pakistan on the agenda of its Executive Board calendar...

Updated 09 Sep, 2024 10:36pm

Business & Economy

Amid Pakistan’s economic crisis, women take charge in the workplace

KARACHI: Amina Sohail veers through heavy traffic to pick up her next passenger -- the sight of a woman riding a...

Published 09 Sep, 2024 01:14am

Business & Economy

Electric vehicles will account for up to half of auto sales by 2030, BYD Pakistan says

BYD has plans to open an assembly plant in early 2026, but will introduce vehicles for sale later this year, after launching three models in August

Updated 06 Sep, 2024 09:17pm

Commodities

Ongoing global oil price decline to benefit Pakistan: brokerage house

The ongoing decline in global oil price “benefits Pakistan” and will help its trade balance and inflation figures,...

Updated 05 Sep, 2024 10:32pm

Business & Economy

Coke, Pepsi boycott over Gaza lifts Pakistan, other countries’ local brands

Restaurants, Karachi's private schools association and university students have all taken part in anti-Coca-Cola actions

Updated 04 Sep, 2024 11:50pm

Business & Economy

Aurangzeb engages with J.P. Morgan on investment opportunities in Pakistan

High-level huddle discusses interests of institutional investors exploring fixed-income investment opportunities in Pakistan

Updated 04 Sep, 2024 09:18pm

Business & Economy

Pakistan in ‘advanced stage’ to get external financing assurances, says Aurangzeb

Finance minister hopeful of getting IMF Executive Board approval on time

Updated 03 Sep, 2024 09:45pm

Business & Economy

Govt working on implementing IMF conditions, says PM

Pakistan has not yet been added to the IMF Executive Board calendar for September

Updated 03 Sep, 2024 08:28pm

Business & Economy

‘Economy in state of collapse’: Dr Kaiser Bengali resigns from govt’s austerity committee

Renowned economist Dr Kaiser Bengali has resigned from the Austerity Committee (High-Powered Committee for...

Updated 02 Sep, 2024 09:01pm

Business & Economy

Finance ministry expects inflation to fall further to 9.5-10.5% in August

Headline inflation figure hit 11.1% in July and brokerage houses now see the number falling to single digits

Updated 30 Aug, 2024 10:09pm

Business & Economy

Pakistan needs to overcome ‘fear of debt restructuring’: Dr Murtaza Syed

Former governor of State Bank of Pakistan (SBP) Dr Murtaza Syed on Thursday urged countries including Pakistan to...

Updated 29 Aug, 2024 10:27pm

Business & Economy

Pakistan’s internet disruption could continue till early October due to ‘submarine cable fault’

PTA says fault occurred in two cables, one of which has been repaired

Updated 28 Aug, 2024 08:48pm

Business & Economy

Pakistan, Turkiye call for more G2G, B2B partnerships

Authorities in Pakistan and Turkiye stressed on enhancing bilateral trade and investment portfolio through more...

Updated 28 Aug, 2024 07:36pm

Business & Economy

Moody’s upgrades Pakistan’s ratings to Caa2, outlook now positive

Upgrade reflects Pakistan’s improving macroeconomic conditions, says Moody's
Expects IMF to approve the EFF in the next few weeks

Updated 28 Aug, 2024 08:04pm

Business & Economy

Pakistan aims to secure $4bn from Middle Eastern banks by FY26: SBP governor

Jameel Ahmad says Pakistan is in 'advanced stages' of securing $2 billion in additional external financing required for IMF executive board approval

Updated 27 Aug, 2024 10:18pm

Business & Economy

August inflation figure expected in single digits after almost 3 years: brokerage house

Inflationary pressure is likely to subside further in Pakistan and come down to single digits from August onwards,...

Updated 22 Aug, 2024 10:40pm

Business & Economy

Buna-Raast connectivity project will make remittances more convenient, says PM Shehbaz

This is Pakistan’s first cross-border real-time payment system linkage

Updated 22 Aug, 2024 10:43pm

Energy

Pakistan’s ‘zombie power sector sucking the blood out of healthy firms’: Atif Mian

Noted economist says govt refusing to recognise the sector is bankrupt

Updated 22 Aug, 2024 03:33pm

Business & Economy

Making good progress with IMF to secure Board approval during September, says Aurangzeb

Pakistan had earlier expected Executive Board approval on $7bn Extended Fund Facility in August

Updated 21 Aug, 2024 09:56pm

Business & Economy

Last two years worse in Pakistan’s economic history: Atif Mian

Country stuck in ‘poverty trap’, needs ‘big policy change’, says noted economist

Updated 19 Aug, 2024 04:40pm

Business & Economy

Pakistan’s current account posts deficit of $162mn in July 2024

Deficit lower on a monthly basis, but 'higher than expectations due to wider trade deficit reported by SBP'

Updated 19 Aug, 2024 09:06pm

Business & Economy

Aurangzeb wants BYD to export from Pakistan as Chinese automotive giant launches in country

Finance minister says presence of major global player could enhance the country's export potential in the burgeoning electric vehicle market

Updated 17 Aug, 2024 09:46pm

Business & Economy

Authority says Pakistan’s new Special Technology Zone will boost tech exports by $350mn

In an attempt to enhance exports, Pakistan has established four Special Technology Zones (STZs) in Punjab, with the...

Updated 16 Aug, 2024 08:34pm

Business & Economy

Pakistan’s internet firewall could cost economy $300mn, association says

P@SHA says government's lack of transparency around firewall has "ignited a firestorm of distrust" among internet users and Pakistan's global IT clients who fear their proprietary data and privacy will be compromised

Updated 15 Aug, 2024 11:53pm

Business & Economy

Pakistan’s remittance inflow stands at $3bn in July, up 48% year-on-year

On monthly basis, inflow down 5%
Amount from Saudi Arabia remains highest at $761mn

Updated 09 Aug, 2024 10:18pm

Business & Economy

Pakistan, China discuss energy sector reforms

Pakistan has already requested Beijing to re-profile energy sector debt owed to China

Updated 09 Aug, 2024 10:01pm

Business & Economy

Aurangzeb says Pakistan has secured debt rollover commitments from China, Saudi Arabia and UAE

Development gives boost to economy that awaits Executive Board approval from the IMF ahead of $7-billion bailout

Updated 06 Aug, 2024 10:25pm

Business & Economy

Aurangzeb highlights trust deficit with international donors as Pakistan awaits flood aid

Finance Minister Senator Muhammad Aurangzeb admitted that there was a serious trust deficit among international...

Updated 06 Aug, 2024 11:22pm

Business & Economy

US firm presents Aurangzeb proposal to streamline regulatory system in Pakistan

Federal Minister for Finance and Revenue Muhammad Aurangzeb held a meeting with Scott Jacobs, the Managing Director...

Updated 05 Aug, 2024 06:34pm

Business & Economy

Letter written to China for debt reprofiling: PM Shehbaz

Prime Minister Shehbaz Sharif on Friday said that he has “written a letter” to the Chinese authorities for the...

Published 02 Aug, 2024 04:25pm

Business & Economy

Five Chinese firms bid to help with Pakistan’s Panda Bond issuance

ISLAMABAD: Five Chinese firms have placed bids to work on Pakistan’s issuance of Panda Bonds, the South Asian...

Published 01 Aug, 2024 05:18pm

Business & Economy

Pakistan’s headline inflation clocks in at 11.1% in July 2024, lowest since November 2021

Reading lower than official expectations that put figure in range of 12-13%

Updated 01 Aug, 2024 05:55pm

Business & Economy

Cannot defer reform agenda anymore, says Aurangzeb

Finance minister says state-owned insurance companies should also be handed over to private sector

Updated 01 Aug, 2024 09:34pm

Business & Economy

S&P Global keeps Pakistan’s rating at ‘CCC+’, citing reliance on foreign aid

Ratings agency says strong foreign fund inflows and moderate current account deficits would likely be required to restore Pakistan’s external buffers

Published 30 Jul, 2024 08:25pm

Business & Economy

Pakistan’s finance ministry forecasts July inflation at 12-13%

ISLAMABAD: Pakistan’s finance ministry expects inflation in July to range between 12% and 13%, easing further in...

Updated 30 Jul, 2024 07:17pm

Business & Economy

Govt adamant on bringing agriculture into tax net: Aurangzeb

Finance Minister says every segment has to play its part

Updated 30 Jul, 2024 10:14pm

Business & Economy

Miftah Ismail says fiscally possible to remove electricity taxes without disturbing primary surplus

Former finance minister says the reduction in revenue collection from eliminating taxes can be offset by reducing funds allocated to the Public Sector Development Programme

Published 29 Jul, 2024 09:27pm

Business & Economy

Pakistan will face no difficulty in meeting external debt obligations in FY25: SBP governor

Pakistan will not face an issue in meeting its external payment obligations in the current fiscal year (FY25), said...

Updated 29 Jul, 2024 07:33pm

Business & Economy

Fitch upgrades Pakistan rating to ‘CCC+’

Upgrade reflects greater certainty over continued availability of external funding, says credit rating agency

Updated 29 Jul, 2024 07:43pm

Business & Economy

SBP reduces key policy rate by 100bps, takes it to 19.5%

Majority analysts expected cut, it was the quantum of reduction that had them divided

Updated 29 Jul, 2024 07:42pm

Business & Economy

Foreign investors repatriate $2.2bn in FY24, a massive 569% increase YoY

Foreign investors repatriated a massive $2.215 billion on account of profit and dividend during fiscal year...

Updated 29 Jul, 2024 08:04pm

Business & Economy

China’s central bank governor meets Pakistan finance minister in Beijing

BEIJING: China’s central bank governor Pan Gongsheng on Friday met with Pakistan’s Finance Minister Muhammad...

Updated 26 Jul, 2024 09:53pm

Business & Economy

ADB approves $400mn concessional loan for Sindh Emergency Housing Reconstruction Project

Says project is key part of its multifaceted response to Pakistan’s flood crisis and forms part of the bank's commitment to provide $1.5bn in total assistance from 2023 to 2025

Updated 26 Jul, 2024 10:31pm

Business & Economy

SBP widely seen cutting key policy rate on Monday

Only one analyst out of 14 predicts rates would be held at 20.5%; the rest forecast a cut

Updated 26 Jul, 2024 10:30pm

Business & Economy

PBC apologies for mistake, now says Pakistan’s salaried class paying up to 3 times more tax than in India

After posting a detailed chart showing how Pakistan’s salaried class is paying up to 9.4 times more tax than in...

Updated 26 Jul, 2024 05:10pm

Business & Economy

Pakistan’s salaried group comes out on the streets, but after work hours

Such is Pakistan’s salaried group protesting power that it took to the streets in Karachi at 5:30pm – after work...

Published 24 Jul, 2024 12:44am

Business & Economy

After Fitch, Aurangzeb apprises Moody’s reps on IMF deal, economic reforms

Finance Minister informs ratings agency officials that multilateral institutions’ confidence growing in financing projects in Pakistan

Updated 23 Jul, 2024 10:57pm

Business & Economy

PBC questions govt’s ambitious $65bn export target

The Pakistan Business Council (PBC), the country’s largest corporate sector advocacy platform, has raised concerns...

Published 23 Jul, 2024 07:27pm

Business & Economy

Aurangzeb apprises Fitch representatives about IMF deal, reform measures for stable growth

Finance Minister informs ratings agency officials that Pakistan aims to increase revenues by 1.5% of GDP in FY 2025 and by 3% over the next three years

Updated 22 Jul, 2024 10:51pm

Business & Economy

Pakistan is looking for external financing avenues: Aurangzeb

ISLAMABAD: Pakistan will focus on meeting its external financing needs by speaking with foreign governments and...

Updated 19 Jul, 2024 08:31pm

Business & Economy

Pakistan’s current account posts deficit of $681mn in FY24

This is the lowest deficit in last 13 years
During June, current account balance stands at deficit of $329mn

Updated 19 Jul, 2024 10:44pm

Business & Economy

Pakistan’s fabric exporter temporarily shuts operations as economic woes bite

Aruj Industries Limited, a Pakistani fabric manufacturer and exporter, has announced to temporarily halt production...

Published 19 Jul, 2024 04:27pm

Elections

Pakistan ‘highly likely’ to see change in govt before 2029 elections, warns Fitch Solutions’ BMI report

However, it says PML-N will succeed in pushing through IMF-mandated reforms over coming 18 months

Updated 18 Jul, 2024 07:16pm

Currency

Pakistan’s GDP growth to hit 3.2% in FY25, says Fitch Solutions’ BMI report

Growth to come on back of agriculture boost, lower policy rate and easing inflation
Projected figure still below govt's targeted level of 3.6%

Updated 18 Jul, 2024 10:08pm

Business & Economy

New IMF programme to improve Pakistan’s funding prospects: Moody’s

Credit rating agency, however, warns govt’s ability to sustain reform implementation will be key to continually unlock financing over three-year duration

Updated 16 Jul, 2024 09:38pm

Business & Economy

Govt hikes petrol price by Rs9.99, diesel’s by Rs6.18 per litre

Petrol's new rate, applicable from July 16, stands at Rs275.6 per litre

Published 15 Jul, 2024 11:40pm

Business & Economy

PM directs to form committee to reactivate Neelum-Jhelum Hydropower Project

Prime Minister Muhammad Shehbaz Sharif on Sunday directed to form a committee on an urgent basis with respect to...

Published 14 Jul, 2024 09:11pm

Business & Economy

Taxing Pakistan’s agriculture sector: IMF push ‘a move in the right direction’

Islamabad will be required to complete a number of conditions as it moves ahead with $7-billion EFF; reforms will include bringing retail, export, and agriculture sectors properly into taxation system

Updated 13 Jul, 2024 10:15pm

Business & Economy

Key policy points/reforms stressed by IMF in new staff-level agreement

In a major development, the International Monetary Fund (IMF) reached a Staff-Level Agreement (SLA) with Pakistan...

Published 13 Jul, 2024 11:19am

Business & Economy

IMF, Pakistan reach staff-level agreement on $7bn Extended Fund Facility

The new 37-month programme is now subject to approval by the lender's Executive Board

Updated 13 Jul, 2024 10:15pm

Business & Economy

6 months of 2024: Pakistan’s startup funding falls 92%, amounts to measly $3mn

Pakistan’s startups attracted a measly $3 million in the first half of 2024, a massive 92% lower year-on-year,...

Updated 10 Jul, 2024 11:27pm

Energy

E&Ps look to invest $5bn in Pakistan’s energy sector: govt statement

Delegation meets PM Shehbaz Sharif who forms committee headed by deputy premier Ishaq Dar

Updated 06 Jul, 2024 07:53pm

Business & Economy

Dr Gohar Ejaz urges govt to provide relief to salaried class

Former caretaker minister also advocates lowering key interest rate

Updated 05 Jul, 2024 04:45pm

Business & Economy

Non-filers: FBR blocks 210,000 SIM cards to ‘encourage’ tax payment

KARACHI: Pakistan’s tax authority, the Federal Board of Revenue (FBR), said Thursday it has blocked 210,000 SIM...

Updated 04 Jul, 2024 08:50pm

Stocks

Arif Habib Limited now expects KSE-100 to hit 109,000 by June 2025

Propelled by optimism over inking a “new longer and larger” programme with the International Monetary Fund (IMF) and...

Updated 04 Jul, 2024 08:53pm

Business & Economy

Pakistan ‘addressing’ potential bidders’ concern over PIA safety ban

ISLAMABAD: Pakistan’s Privatisation Commission is addressing concerns voiced by those qualified to bid for the...

Published 03 Jul, 2024 05:15pm

Business & Economy

Pakistan has met all requirements for IMF bailout deal, finance official says

Malik says no major issues left to address as Pakistan seeks over $6bn bailout

Updated 03 Jul, 2024 04:41pm

Business & Economy

Mari Mining receives licences for exploration of minerals in Chagai

Mari Mining Company (Pvt) Limited (MMC), a wholly-owned subsidiary of Mari Petroleum Company Limited (MARI), has...

Updated 03 Jul, 2024 05:11pm

Business & Economy

Measures underway to pass on benefits of economic policies to public: Ali Pervaiz Malik

Minister of State for Finance says investors' trust is increasing while the stock market has also witnessed a historic boom

Updated 02 Jul, 2024 09:10pm

Business & Economy

Pakistan’s trade deficit contracts 12% YoY to $24.1bn in FY24

Exports increase by 10.5% to $30.7bn while imports decline 0.8% to $54.7bn
However, trade deficit increases by 15.13% to $2.39 billion in June

Updated 02 Jul, 2024 08:10pm

Business & Economy

We understand the pain, will provide relief to salaried class at first opportunity we get: Aurangzeb

Finance Minister Muhammad Aurangzeb has said that the government will provide relief to the salaried class at the...

Updated 01 Jul, 2024 07:03pm

Business & Economy

Pakistan’s headline inflation increases pace, clocks in at 12.6% in June 2024

Average CPI inflation reading in FY24 clocks in at 23.4%

Updated 01 Jul, 2024 07:03pm

Business & Economy

Govt increases petrol price by Rs7.45, takes it to Rs265.61 per litre

New prices come into effect from July 1, 2024

Published 30 Jun, 2024 11:40pm

Business & Economy

Pakistan engulfed in world’s ‘deadliest debt trap’, says former SBP governor

Dr Murtaza Syed says prudent route would be to reprofile Pakistan’s debt so that resources can be freed up to spend on development and the climate

Published 29 Jun, 2024 08:29pm

Business & Economy

Brokerage houses see inflation rate in Pakistan to go over 12% in June

Two brokerage houses said they see CPI-based inflation reading inching slightly higher, and hovering around 12-13%...

Updated 28 Jun, 2024 11:58pm

Business & Economy

Govt passes tax-laden budget ahead of talks on fresh IMF loan

Some amendments part of the final budget

Updated 28 Jun, 2024 11:57pm

Business & Economy

Budget 2024-25: a mixed bag for Pakistan’s climate change efforts

Pakistan’s Finance Minister Mohammad Aurangzeb, in his budget 2024-25 speech, said Pakistan faces dangers due to the...

Updated 27 Jun, 2024 09:59pm

Business & Economy

Pakistan’s remittances to recover and grow in 2024, 2025: World Bank

Remittance flows in Pakistan to hit $30 billion in 2025, says global body in report

Updated 27 Jun, 2024 08:13pm

Business & Economy

AJK govt presents over Rs220bn budget for FY2024-25

Development expenditure for upcoming fiscal year projected at Rs44 billion

Updated 25 Jun, 2024 10:58pm

Business & Economy

After higher taxation, a quiet ‘revolution’ is taking place within Pakistan’s salaried group

Some members of 'Salaried Class Alliance Pakistan' hold press briefing at Karachi Press Club, outlining grievances with 'unfair taxation measures'

Published 25 Jun, 2024 07:39pm

Business & Economy

PIA bidding process to take place in first week of August

The bidding process for the privatisation of Pakistan International Airlines (PIA) will be held in the first week of...

Updated 25 Jun, 2024 11:00pm

Business & Economy

Honoraria for NA, Senate staff but no change in tax rates for salaried group as Aurangzeb wraps up budget discussion

Finance minister Aurangzeb says reduced sales tax to continue to apply on Hybrid Electric Vehicles, stationary items to remain exempted

Updated 25 Jun, 2024 07:32pm

Business & Economy

Finance Bill 2024: Senate proposes whopping 128 recommendations to National Assembly

Senate Standing Committee on Finance unanimously rejects increase in tax on low-tier salaried class, Chairman Saleem Mandviwalla says

Updated 24 Jun, 2024 11:02pm

Business & Economy

Aurangzeb assures ‘favourable outcomes’ for public, business in final budget

Finance Division says recommendations being noted and will be considered in finalisation of budget

Updated 24 Jun, 2024 10:50pm

Business & Economy

Danish FLSmidth keen to explore Pakistan’s mining sector

FLSmidth, a Danish multinational technology company, has expressed interest in Pakistan’s mining sector. The...

Updated 22 Jun, 2024 11:20pm

Business & Economy

Govt to see if it can ‘protect’ Pakistan’s salaried class further, says Aurangzeb

Finance minister says additional taxes could have been imposed, but salaried class was 'protected'

Updated 22 Jun, 2024 03:42pm

Business & Economy

FY2024-25: Balochistan govt presents Rs955.6bn provincial budget

Provincial govt proposes up to 25% increase in salaries, 15% raise in pensions

Updated 21 Jun, 2024 11:34pm

Business & Economy

Pakistan’s current account posts deficit of $270mn in May 2024

Overall, during 11 months of ongoing fiscal year, current account balance stands at deficit of $464mn

Updated 21 Jun, 2024 11:00pm

Business & Economy

Post-floods resilience: World Bank approves $535mn for two projects in Pakistan

Lender says additional financing will build on on-going efforts to equip Pakistan’s social protection system with policy and delivery system foundations necessary for more effective and rapid responses to future crises

Updated 21 Jun, 2024 11:30pm

Business & Economy

‘Economic terrorism’: NA opposition leader assails govt in budget debate

Omar Ayub says economic hitman made budget for FY2024-25

Updated 20 Jun, 2024 10:07pm

Energy

Attacks by MNAs, MPAs on grid stations caused heavy financial loss: PESCO chief

The Chief Executive Officer (CEO) of Peshawar Electric Supply Company Limited (PESCO) has raised concern amid...

Updated 20 Jun, 2024 10:44pm

Business & Economy

Imposition of further taxes on salaried group to ‘accelerate brain drain’ in Pakistan: PBC

The Pakistan Business Council (PBC), the country’s largest corporate advocacy platform, has warned that the...

Updated 20 Jun, 2024 10:42pm

Business & Economy

Fitch Ratings says Pakistan’s ‘ambitious’ budget strengthens IMF deal prospects

Believes tight policy settings may depress growth more than the government expects, reduces growth forecast to 3% for FY25

Updated 19 Jun, 2024 10:06pm

Business & Economy

Govt eyes revenue boost, expenditure cut to revive economy: Aurangzeb

Finance minister says federal government will shut down parallel ministries or departments devolved to provinces

Updated 19 Jun, 2024 08:53am

Business & Economy

Pakistan’s budget to support negotiations with IMF for new programme: Moody’s

Says government spends more than half its revenue on interest payments, indicating very weak debt affordability which drives high debt sustainability risks

Updated 14 Jun, 2024 07:40pm

Business & Economy

Post-budget presser: govt wants to enhance tax-to-GDP ratio to 13% in 3 years, says Aurangzeb

Finance minister hopeful Pakistan will reach Staff-Level Agreement with International Monetary Fund (IMF) by July

Updated 13 Jun, 2024 04:40pm

Business & Economy

A constrained budget under the long shadow of IMF stipulations

ISLAMABAD: Prime Minister Shehbaz Sharif-led coalition government’s Finance Minister Muhammad Aurangzeb has unveiled...

Published 13 Jun, 2024 03:32am

Currency	Rate
USD PKR Interbank Selling / Jun 12	278.52
USD PKR Interbank Buying / Jun 12	278.32
USD to Japanese Yen / Jun 16	160.26
USD to Swiss Franc / Jun 16	0.80
Pound Sterling to USD / Jun 16	1.34
Euro to USD / Jun 16	1.16
SOFR % / Jun 15	3.60

Stock	Volume
S&P 500 / Jun 15	7,554.29
Nasdaq / Jun 15	26,683.94
Dow Jones / Jun 15	51,671.03
India Sensex / Jun 16	76,714.29
Tokyo Nikkei / Jun 16	69,722.25
Hang Seng / Jun 16	24,445.52
FTSE 100 / Jun 16	10,492.70
Germany DAX 30 / Jun 16	25,085.84
France CAC40 / Jun 16	8,452.87

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 15	21,080
Gold 10 Grams PKR / Jun 15	389,600
Petrol/Litre / Jun 16	373.78
Crude Oil USD/Barrel / Jun 16	80.57
Gold Spot USD/Ounce / Jun 16	4,326.02
Diesel/Litre / Jun 16	378.78
Cotton US¢/pound / Jun 16	76.67

Stock	Price
First Fid. Leasing / Jun 16 First Fidelity Leasing Modaraba(FFLM)	15.36 ▲ 2.67 (21.04%)
Pak. P.V.C. / Jun 16 Pakistan PVC Limited(PPVC)	34.60 ▲ 6.01 (21.02%)
Pak Stock Exchange / Jun 16 Pakistan Stock Exchange Limited(PSX)	52.70 ▲ 9.15 (21.01%)
Crescent Steel / Jun 16 Crescent Steel & Allied Products Limited(CSAP)	116.84 ▲ 20.28 (21%)
National Silk / Jun 16 The National Silk & Rayon Mills Limited(NSRM)	195.13 ▲ 33.87 (21%)
MACPAC Films / Jun 16 MACPAC Films Limited(MACFL)	72.74 ▲ 12.62 (20.99%)
Service Textile / Jun 16 Service Industries Textiles Limited(SERT)	42.82 ▲ 7.43 (20.99%)
Power Cem(Pref) / Jun 16 Power Cement (Pref)(POWERPS)	28.77 ▲ 4.97 (20.88%)
Nets Internat.Comm. / Jun 16 Nets International Communication Limited(GEMNETS)	33.50 ▲ 5.6 (20.07%)
Paramount Spinning / Jun 16 Paramount Spinning Mills Limited(PASM)	8 ▲ 1.29 (19.23%)

Stock	Price
Askari Life Assur. / Jun 16 Askari Life Assurance Company Limited(ALAC)	22.50 ▼ -3.04 (-11.9%)
Universal Ins. / Jun 16 The Universal Insurance Company Limited(UVIC)	22.35 ▼ -2.53 (-10.17%)
Frontier Ceramics / Jun 16 Frontier Ceramics Limited(FRCL)	74 ▼ -7.14 (-8.8%)
Ideal Spinning / Jun 16 Ideal Spinning Mills Limited(IDSM)	72 ▼ -6.44 (-8.21%)
Idrees Tex. / Jun 16 Idrees Textile Mills Limited(IDRT)	46.11 ▼ -3.99 (-7.96%)
Grays Leasing / Jun 16 Grays Leasing Limited(GRYL)	19.70 ▼ -1.55 (-7.29%)
Tandlianwala Sugar / Jun 16 Tandlianwala Sugar Mills Limited(TSML)	518 ▼ -34.38 (-6.22%)
Zephyr Textile / Jun 16 Zephyr Textiles Limited(ZTL)	19.18 ▼ -1.27 (-6.21%)
Sana Ind / Jun 16 Sana Industries Limited(SNAI)	37.52 ▼ -2.39 (-5.99%)
Data Agro / Jun 16 Data Agro Limited(DAAG)	92.50 ▼ -5.57 (-5.68%)

Stock	Volume
Lotte Chemical / Jun 16 Lotte Chemical Pakistan Limited(LOTCHEM)	88,368,786 ▼ -0.39
Sui South Gas / Jun 16 Sui Southern Gas Company Limited(SSGC)	42,272,267 ▲ 3.46
Siddiqsons Tin / Jun 16 Siddiqsons Tin Plate Limited(STPL)	38,754,721 ▲ 0.52
K-Electric Ltd. / Jun 16 K-Electric Limited(KEL)	33,024,058 ▲ 0.1
Pak Int.Bulk / Jun 16 Pakistan International Bulk Terminal(PIBTL)	32,525,026 ▲ 0.85
B.O.Punjab / Jun 16 The Bank of Punjab(BOP)	32,473,544 ▲ 1.76
TPL Corp Ltd / Jun 16 TPL Corp Limited(TPL)	27,162,305 ▲ 2.21
TPL Properties / Jun 16 TPL Properties Limited(TPLP)	23,121,360 ▲ 0.83
Maple Leaf Cement / Jun 16 Maple Leaf Cement Factory Limited(MLCF)	21,830,370 ▲ 7.52
WorldCall Telecom / Jun 16 Worldcall Telecom Limited(WTL)	21,566,258 ▲ 0.02