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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
The Pakistan Stock Exchange (PSX) witnessed a sharp and unexpected downturn on Monday as the KSE-100 Index plunged by more than 4,100 points during intraday trading. The sell-off was triggered by heightened geopolitical tensions and heavy institutional selling, sparking panic across the trading floor. The benchmark index dropped by 4,238 points, reaching 158,860, one of […]
The federal government has increased fuel prices once again, raising petrol by Rs4.07 per litre and high-speed diesel (HSD) by Rs4.04 per litre. The new rates will remain effective until October 15, 2025, according to a notification issued by the Finance Division. The revision was made on the recommendation of the Oil and Gas Regulatory […]
It seems like the deadlock between both the parties is coming to an end. Finance Minister Ishaq Dar said that Pakistan and International Monterey Funds (IMF) will reach an agreement this week. Dar also added while talking to the media that all matters have been resolved and his ministry is making serious efforts to get […]
Pakistan is on the verge of getting bankrupt and urgently needs the International Monterey Fund’s (IMF) help to come out of this chaos. Both the parties are holding talks to reach an agreement for $1.1Bn. IMF Managing Director, Kristalina Georgieva has asked Pakistan to tax the rich, subsidise the poor. She further said that if […]
Photo Credits: Dawn.com Governor State Bank of Pakistan (SBP), Jameel Ahmed said that Pakistan will repay all its debts on time and there are no risks of the country defaulting due to the nonpayment of international debts. Ahmed was addressing the Pakistan Stock Exchange (PSX) and said, “Let me assure you that we will be […]
