ISLAMABAD – Pakistan’s trade deficit widened by more than 38 percent during the first four months of the 2025-26 fiscal year, highlighting growing economic pressures as exports continue to decline. According to data released by the Pakistan Bureau of Statistics (PBS), the trade deficit between July and October 2025 stood at $12.58 billion, compared to […]
Pakistan economy
Gold prices fall by Rs1,000 per tola in Pakistan amid global decline
KARACHI– Gold prices in Pakistan continued their downward trend on Wednesday, mirroring declines in the global bullion market. In the international market, gold prices dropped by $10 per ounce, settling at $3,970. The impact was immediately reflected in the domestic market, where the price of gold per tola decreased by Rs1,000, reaching Rs419,362, while the […]
Google plans to make Pakistan an export hub: Aurangzeb
KARACHI – Federal Finance Minister Muhammad Aurangzeb revealed on Wednesday that Google plans to make Pakistan an export hub, as the government continues to push for production-driven and private sector-led economic growth. Speaking at the Future Summit in Karachi, the finance minister said Pakistan’s economy is “moving in the right direction,” emphasizing that sustainable, production-based growth […]
Finance Minister Aurangzeb says Pakistan’s economy in a ‘good spot’
KARACHI – Finance Minister Muhammad Aurangzeb said on Tuesday that Pakistan’s economy was in a “good spot”, crediting the country’s recent stability to improved macroeconomic indicators and “geopolitical tailwinds”. Speaking virtually at the Pakistan International Maritime Expo and Conference 2025 (PIMEC-25) in Karachi, Aurangzeb said the combination of economic recovery and strong international partnerships had […]
Pakistan’s economy on right track, says finance minister
ISLAMABAD – Federal Finance Minister Muhammad Aurangzeb on Monday said Pakistan’s economy is stabilizing and reforms across major sectors are paving the way for sustainable growth. He emphasized that global rating agencies have recognized the country’s economic stabilization, adding that IMF staff-level agreements validate this progress. Aurangzeb noted that policy rate reductions have positively impacted […]
Govt mulls Rs300bn cut in PSDP
ISLAMABAD – The federal government is reportedly considering a Rs300 billion reduction in the Public Sector Development Programme (PSDP) for the current fiscal year, slashing the national development budget by nearly 30 percent, from Rs1,000 billion to Rs700 billion. Sources in the Planning Commission revealed that the proposed cut is being weighed due to lower-than-expected revenue […]
FBR tracks lavish lifestyles of influencers and business owners
ISLAMABAD – The Federal Board of Revenue’s (FBR) Lifestyle Monitoring Cell has identified several taxpayers leading extravagant lifestyles while declaring negligible incomes in their tax returns, The News reported on Monday. The cell has submitted dossiers of these suspected tax evaders to FBR headquarters and respective Regional Tax Offices (RTOs) for formal action. According to […]
PM Shehbaz credits FBR reforms for record rise in tax return filings
ISLAMABAD — Prime Minister Shehbaz Sharif on Saturday linked the filing of 892,419 new tax returns for tax year 2025 to growing public confidence in the government’s reform and digitisation agenda. His statement followed the Federal Board of Revenue’s (FBR) announcement that 5.912 million tax returns were filed for 2025 — up from 5.025 million […]
New private airline launched to revive city’s aviation identity
KARACHI: Pakistan’s aviation sector welcomed a new entrant as Air Karachi, a newly established private airline, held its launch ceremony at Karachi’s Old Airport, marking a milestone in the revival of the city’s legacy in air travel, ARY News reported. Addressing the ceremony, Air Karachi Chairman Hanif Gohar said the airline was founded by 42 […]
Govt hikes petrol, diesel prices amid global oil fluctuations
ISLAMABAD: The federal government has announced an increase in petrol and diesel prices, effective from November 1 to November 15, 2025, according to an official notification issued on Thursday. As per the notification, the price of petrol has been raised by Rs2.43 per litre, setting the new rate at Rs265.45 per litre. Meanwhile, high-speed diesel […]