Governor of the State Bank of Pakistan (SBP) Jameel Ahmad has said that the country’s foreign exchange reserves are increasing every week, while Pakistan’s external debt has remained stable at around $100 billion. Read More: Liquid foreign reserves surge to $21.27 billion Briefing the National Assembly’s standing committee on the country’s economic situation, the State Bank said […]
Pakistan economy
Pakistan to replace electricity subsidy with targeted system
Pakistan has assured the International Monetary Fund (IMF) that it will overhaul its electricity subsidy system, ending the general subsidy on electricity consumption of up to 200 units and replacing it with a targeted support model. Read More: Pakistan raises power tariffs under IMF subsidy cap According to official sources, the new system will be introduced within eight months and […]
IMF sets strict conditions for sovereign wealth fund
The International Monetary Fund (IMF) has reportedly demanded that Pakistan implement six strict conditions to make its sovereign wealth fund fully operational, according to official sources in Islamabad. The conditions are aimed at strengthening financial discipline and limiting the fund’s exposure to riskier economic activities. Under the proposed framework, the sovereign wealth fund would be […]
Middle East war devastates Pakistan’s economic gains
Pakistan’s Prime Minister Shehbaz Sharif said the Middle East war has damaged two years of collective economic efforts. Speaking at a federal cabinet meeting, he said rising global oil prices have created an extraordinary financial situation for the country. The increase is directly impacting Pakistan’s economic stability and recovery plans. The prime minister noted that […]
Pakistan oil bill hits record $800m: PM Shehbaz
Pakistan’s weekly oil import bill has surged to $800 million amid the ongoing Middle East war, Prime Minister Shehbaz Sharif said on Wednesday. The sharp increase follows rising global fuel prices after recent regional conflict. The spike is straining the country’s economy and affecting energy costs nationwide. Speaking at a federal cabinet meeting, the prime […]
PM Shehbaz Sharif met a high-level European Union delegation to strengthening trade ties
Prime Minister Shehbaz Sharif met a high-level European Union delegation and representatives of major European companies in Islamabad on Tuesday to discuss strengthening trade, investment, and economic cooperation between Pakistan and the EU. Read More: European firms signal interest in expanding footprint in Pakistan The meeting took place at the Prime Minister House during the delegation’s […]
Pakistan’s economy improving, GDP seen near 4pc: finance minister
Pakistan’s Finance Minister Muhammad Aurangzeb has said the country’s economy is showing signs of recovery, expressing optimism that gross domestic product (GDP) growth could reach around 4 per cent in the current fiscal year. Read More: IMF lowers Pakistan GDP growth forecast to 3.2% Speaking at the EU-Pakistan Business Forum in Islamabad, the minister highlighted improving macroeconomic […]
The Bank of Punjab delivers yet another record-breaking quarterly performance in Q1 2026
155% Profit Growth Driven by Core Earnings, Strategic Expansion & Digital Innovation LAHORE, Pakistan – April 27, 2026 – The Bank of Punjab (BOP), one of Pakistan’s leading public sector commercial banks, today announced exceptional financial results for Q1 2026, reflecting strong growth momentum, sound business performance, and an expanding role in Pakistan’s banking sector. […]
Pakistan clears $3.45bn UAE debt after final State Bank payment
State Bank of Pakistan has completed the full repayment of $3.45 billion owed to the United Arab Emirates after making a final payment of $1 billion to the Abu Dhabi Fund for Development. Officials described the settlement as a major financial milestone that concludes Pakistan’s outstanding deposits and loan obligations to the Gulf country. According […]
Pakistan’s foreign exchange reserves rise slightly over the week
Pakistan’s foreign exchange reserves recorded a modest increase over the past week, according to the State Bank of Pakistan, reflecting gradual stability in the country’s external financial position. Read More: Pakistan’s liquid foreign reserves rise to $20.63 billion Official data showed that the central bank’s reserves rose by $1.8 million during the week, bringing total holdings to $15.0976 […]