During a meeting of the Senate Standing Committee on Commerce on Monday, lawmakers expressed optimism that the State Bank of Pakistan (SBP) could lower its policy rate to single digits by June 2026. Members highlighted that persistently high interest rates have significantly restricted business activity and limited access to financing for the private sector. Federal […]
Gold prices in Pakistan saw a significant drop on Friday, following a record high just a day earlier, highlighting continued volatility in the bullion market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola fell by Rs. 35,500, settling at Rs. 537,362. Meanwhile, 10 grams of gold declined […]
pakistan’s foreign exchange reserves are projected to reach an all-time high by the end of December 2026, marking a significant milestone for the country’s financial stability and macroeconomic outlook. According to estimates shared by Topline Securities, reserves held by the State Bank of Pakistan (SBP) are expected to exceed $20.2 billion, reflecting improved external account […]
Pakistan has recorded a significant rise in external borrowing during the first six months of the current fiscal year, receiving a total of Rs. 1,272 billion in foreign loans and grants. In dollar terms, this amounts to $4.5 billion, marking an increase of $904 million compared to $3.6 billion received during the same period last […]
Prime Minister Shehbaz Sharif left Pakistan on Tuesday for Switzerland, leading a high-level delegation to participate in the World Economic Forum (WEF) 2026. The visit is aimed at strengthening Pakistan’s diplomatic ties and exploring new avenues for economic cooperation. The Prime Minister is accompanied by key officials, including the Deputy Prime Minister and Foreign Minister, […]
Pakistan has taken another step toward strengthening its digital financial landscape by signing a Memorandum of Understanding with SC Financial Technologies LLC, an affiliated entity of World Liberty Financial. The agreement is aimed at expanding cooperation in digital financial services and accelerating the country’s shift toward modern, technology-driven payment systems. The MoU was signed between […]
Pakistan’s automotive industry has staged a strong comeback in the first half of the current fiscal year, recording a robust 46 percent increase in vehicle sales compared to the same period last year. The surge reflects improving market sentiment and renewed consumer interest, according to fresh data released by the Pakistan Automotive Manufacturers Association. Between […]
Pakistan Railways has announced a significant development in its long-awaited railway modernization drive, confirming that work on the Main Line-I (ML-I) project will begin from Karachi Port in July 2026. The announcement marks a key milestone in efforts to overhaul the country’s rail infrastructure and strengthen cargo and passenger connectivity across Pakistan. The confirmation came […]
Pakistan is steadily moving closer to adopting a regulated digital asset ecosystem, signaling a major policy shift in how the country views cryptocurrencies and virtual assets. The federal government aims to bring growing crypto-related activity into a structured, transparent, and secure financial framework that aligns with global best practices. The initiative reflects rising interest among […]
The federal government has finalized the ‘Made in Pakistan’ Electronics Manufacturing Policy, a major step aimed at strengthening domestic production and reducing reliance on imported finished electronic goods. According to a report, the policy lays the foundation for local manufacturing of mobile phones, laptops, computers, tablets, and a wide range of other electronic products, signaling […]
Pakistan’s manufacturing sector closed 2025 on a positive note as the HBL Pakistan Manufacturing Purchasing Managers’ Index (PMI) rose to a 10-month high in December. Compiled by S&P Global, the PMI increased to 52.8 from 52.3 in November, marking its strongest reading since February and signaling a sustained expansion in manufacturing activity. The improvement was […]
The year 2025 proved to be transformative for Pakistan’s banking and financial sectors, witnessing significant developments that reshaped the industry landscape. From high-profile mergers and acquisitions to the entry of new players and the exit of underperforming firms, the sector experienced dynamic changes that highlighted its resilience and adaptability. Local banks and fintech companies faced […]
The International Monetary Fund has reportedly placed fresh demands on Pakistan under the ongoing $7 billion loan program, with potential implications for the country’s emerging electric and hybrid vehicle industry. According to sources, the new conditions focus on ending long-standing sales tax exemptions that were introduced to promote cleaner and locally manufactured transportation. Sources familiar […]
Pakistan’s economy has shown a strong and encouraging start to the fiscal year 2025–26, recording a 3.71 percent growth in GDP during the first quarter, according to data shared by Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal. The development on Tuesday and has been termed a significant shift in the country’s economic […]
Prime Minister Shehbaz Sharif is set to undertake his first official foreign visit of 2026 to Switzerland. According to 24NewsHD TV, the prime minister will attend the 56th meeting of the World Economic Forum (WEF) in Davos from January 19 to January 26. A high-level delegation will accompany PM Shehbaz during the visit. Diplomatic sources […]
Pakistan is attracting attention from the United States as a potential alternative source for the critical mineral antimony, used in missiles, batteries, and flame retardants, according to the Financial Times. The move is part of Washington’s broader strategy to reduce reliance on China-dominated supply chains for strategic materials. Antimony trioxide prices have surged to approximately […]
Former finance minister and ex-governor of the State Bank of Pakistan, Dr Shamshad Akhtar, passed away on Saturday at the age of 71. Her demise marks the loss of one of Pakistan’s most respected economists, whose career spanned decades of national service and international leadership in global financial institutions. Dr Shamshad Akhtar was widely recognized […]
Federal Minister for Food Security Rana Tanveer Hussain on Friday emphasized the urgent need for Pakistan to boost exports and reduce its trade deficit, which currently stands at $50 billion. Speaking to the media in Lahore, the minister highlighted that countries like Singapore, Thailand, and Vietnam have successfully advanced their economies through the services and […]
The Executive Committee of the National Economic Council (ECNEC) approved 11 development projects in a meeting chaired by Deputy Prime Minister and Foreign Minister Senator Muhammad Ishaq Dar in Islamabad on Saturday. The projects cover a broad range of sectors, including transport, communications, and environmental initiatives, reflecting the government’s commitment to infrastructure development and capacity […]
The Government of Pakistan has announced a substantial reduction in the price of high-speed diesel, offering notable relief to consumers amid ongoing fluctuations in global oil markets. According to the official notification, the price of diesel has been cut by Rs. 14 per liter for the next fortnight, with the revised rates taking effect from […]
