Pakistan economy

2 mins read

Pakistan Signs MoU With World Liberty Financial to Strengthen Digital Payments and Fintech Ecosystem

Sumavaya IqbalTagged , , , , , ,

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 […]

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3 mins read

Pakistan’s Automotive Industry Accelerates With 46% Sales Growth in First Half of Fiscal Year

Anas AhmedTagged , , , , , ,

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 […]

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3 mins read

ML-I Project Launch Date Announced as Pakistan Railways Plans Major Upgrade from Karachi Port

Uzma SaharTagged , , , , , ,

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 […]

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2 mins read

Finance Minister Signals Pakistan’s Move Toward a Regulated Crypto Framework

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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 […]

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Govt Finalizes ‘Made in Pakistan’ Electronics Policy to Support Local Products

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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 […]

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3 mins read

HBL Pakistan Manufacturing PMI Hits 10-Month High as Industrial Momentum Strengthens

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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 […]

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1 min read

2025 Marks a Landmark Year for Pakistan’s Banking and Financial Sectors

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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 […]

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2 mins read

IMF makes new demands from Pakistan under $7bn loan program

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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 […]

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Pakistan’s GDP Grows 3.71% in First Quarter of FY26: Ahsan Iqbal

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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 […]

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1 min read

PM Shehbaz Sharif to Attend World Economic Forum in Switzerland

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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 […]

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1 min read

US Eyes Pakistan to Replace China in Critical Missile Mineral Supply

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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 […]

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3 mins read

Former State Bank Governor Dr Shamshad Akhtar Passes Away, Nation Mourns a Distinguished Economic Leader

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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 […]

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1 min read

Pakistan Urged to Cut $50 Billion Trade Deficit as Iran to Import 300,000 Tons of Rice

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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 […]

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1 min read

ECNEC Approves 11 Development Projects Across Multiple Sectors

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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 […]

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2 mins read

Diesel Price Slashed by Rs. 14 per Liter as Government Keeps Petrol Rates Unchanged

Anas AhmedTagged , , , , , ,

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 […]

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DRAP and CCP Sign MoU to Strengthen Oversight of Pakistan’s Pharma Market

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Pakistan has taken a major step toward improving transparency, fair competition, and consumer protection in its pharmaceutical and therapeutic goods sector. In a significant development, the Drug Regulatory Authority of Pakistan (DRAP) and the Competition Commission of Pakistan (CCP) have signed a Memorandum of Understanding (MoU) aimed at boosting coordination and enhancing regulatory oversight. The […]

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Gold and Silver Prices Surge Sharply in Pakistan as Global Rates Climb

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KARACHI: Gold and silver prices surged sharply across Pakistan on Monday, following a major rise in international precious metal rates, according to data released by the All Pakistan Sarafa-Gems and Jewellers Association (APSGJA). The price of 24-karat gold soared by Rs7,400 per tola, settling at Rs429,862, compared to Rs422,462 a day earlier. Similarly, the 10-gram […]

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3 mins read

Salaried Class Tax: Emerges as Pakistan’s Largest Tax Contributor in FY2025–26

Hafiz Rahat UsamaTagged , , , ,

Record Rs130 Billion Collected from Salaried Individuals Pakistan’s salaried class has achieved a record milestone by contributing Rs130 billion in taxes during the first quarter (July–September) of the fiscal year 2025–26, according to fresh data released by the Federal Board of Revenue (FBR). The figure marks a substantial rise from Rs110 billion recorded in the […]

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2 mins read

Tomato Prices Cross Rs.500 Per Kg in Pakistan as Inflation Drives Vegetable Costs to Record Highs

Uzma SaharTagged , , , , , , , , , ,

The price of tomatoes has surged past Rs.500 per kilogram in several parts of Pakistan, triggering concern among consumers already struggling with rising living costs. The sharp increase has made tomatoes more expensive than chicken in many markets, highlighting the widening impact of inflation on essential food items. In Karachi, tomatoes are now selling between […]

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1 min read

Petrol, Diesel Prices Fall in Pakistan

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The Government of Pakistan has announced a fresh reduction in fuel prices, offering relief to consumers across the country. According to the latest notification issued by the Ministry of Finance, the prices of major petroleum products have been revised downward. The price of petrol has been reduced by Rs5.66 per litre, while high-speed diesel has […]

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