KARACHI: A consortium led by Arif Habib Group has said it intends to acquire the government’s remaining 25% stake in the national flag carrier Pakistan International Airlines, completing the privatisation of the loss-making airline.
top-economy
IMF talks with Pakistan on power tariff revamp as inflation risks loom
ISLAMABAD: The International Monetary Fund is in talks with Pakistani officials over a proposed revamp of electricity tariffs that could stoke inflation even as it aims to relieve pressure on the nation’s industries, the fund said, stressing that any changes must shield middle- and lower-income households from the brunt of the burden.
UAE rolls over $2 bln deposit with Pakistan central bank, FO spokesman says
ISLAMABAD: Pakistan said on Thursday the United Arab Emirates had rolled over $2 billion in deposits with its central bank, providing a boost to foreign reserves as the cash-strapped South Asian nation navigates an International Monetary Fund bailout programme.
SBP chief sees growth up to 4.75 percent this year, rebuffing IMF downgrade
KARACHI: Pakistan’s central bank governor pushed back against a recent downgrade of the country’s growth outlook by the International Monetary Fund, arguing that the economic recovery is proving broader and more resilient than headline trade figures suggest.
Remittances rise 11 percent in first seven months of FY26 – SBP
KARACHI: Workers’ remittances to Pakistan rose more than 11% in the first seven months of the current fiscal year, providing crucial support to the country’s foreign exchange reserves amid ongoing external pressures, the State Bank of Pakistan said on Tuesday.
Moody’s revises Pakistan banking sector outlook to stable from positive
KARACHI: Moody’s Investors Service has revised its outlook on Pakistan’s banking sector to stable from positive, reflecting a gradual economic recovery coupled with persistent challenges to asset quality and profitability.
Pakistan plans $1 bln AI investment by 2030
ISLAMABAD: Prime Minister Shehbaz Sharif said on Monday the government would invest $1 billion in artificial intelligence by 2030 as part of efforts to build a domestic AI ecosystem and equip the country’s youth for a digital economy.
Govt moves to impose fixed power fees on households to fund industrial relief
ISLAMABAD: The government is pushing ahead with a plan to slap monthly fixed charges on millions of residential electricity users, aiming to generate about Rs125 billion to underwrite a tariff cut for hard-pressed industries without busting its budget commitments to the International Monetary Fund, dawn newspaper reported on Saturday.
World Bank’s Banga warns Pakistan faces instability without 30 million new jobs
KARACHI: Pakistan must generate as many as 30 million jobs over the next decade to harness its surging youth population as an engine of growth or face heightened risks of domestic unrest and a brain drain abroad, World Bank President Ajay Banga said.
Power users set to pay higher bills as regulator weighs quarterly tariff hike
ISLAMABAD: Electricity consumers are poised to face an additional 42 paise per unit in their bills from April through June, driven largely by capacity payments to power producers during the October-December quarter of fiscal 2026.