ISLAMABAD: Pakistan’s economy expanded by 2.4% in the third quarter of fiscal year 2024-25, bolstered by gains in agriculture and services, even as the industrial sector shrank, data from the Pakistan Bureau of Statistics (PBS) showed on Tuesday.
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IMF says Pakistan’s $7bn bailout fully financed with $6bn inflows ahead
ISLAMABAD: The International Monetary Fund confirmed Pakistan’s $7 billion bailout program is fully financed, projecting $6 billion in external inflows for the next fiscal year as key allies pledge to roll over debt.
Trade deficit jumps 57pc in April to $3.4bn as exports slump
ISLAMABAD: The trade deficit ballooned 57 percent month-on-month to $3.4 billion in April as exports contracted sharply and imports surged, signaling mounting pressure on the country’s external accounts ahead of critical IMF budget talks.
Current account surplus shrinks 96pc in April as imports surge
KARACHI: The current account posted a slight surplus of $12 million in April 2025, a steep fall from the $1.2 billion recorded in the previous month and a 96 percent decline from the $315 million in the same month last year, the State Bank of Pakistan (SBP) data showed on Friday.
Pakistan receives $1.023 billion IMF tranche
KARACHI: The State Bank of Pakistan on Wednesday received a $1.023 billion infusion from the International Monetary Fund, a critical lift for its foreign exchange reserves amid economic reforms and a fraught standoff with India.
Stocks post record 9pc gain on Trump truce, IMF tranche
By Staff Reporter KARACHI: Stock surged 9 percent on Monday, its biggest-ever single-day gain, as a ceasefire with India brokered by US President Donald Trump
IMF clears $1bn Pakistan tranche, rebuffs India
ISLAMABAD: The International Monetary Fund on Friday approved a $1 billion disbursement to Pakistan under its Extended Fund Facility, brushing aside India’s attempts to persuade the lender to withhold the funds.
Remittances surge 31pc to $31.2bn in FY2025, despite April dip
KARACHI: Pakistan’s remittances from overseas workers soared 31% in the first 10 months of fiscal year 2025, reaching a record $31.2 billion, compared to $23.9 billion in the same period the previous year, data from the State Bank of Pakistan (SBP) showed on Friday.
Budget gap hits 2.4pc of GDP
KARACHI: The budget deficit swelled to 2.4 percent of gross domestic product in the first nine months of the fiscal year 2024-25, as hefty interest payments overshadowed a primary surplus, data from the Finance Division showed.
Stocks plunge 6pc after Pakistan-India clash, then recover
KARACHI: Stocks cratered as much as 6 percent at the opening bell after India launched strikes on Pakistan and Azad Kashmir, only to rebound as investors bet against a wider conflict.