KARACHI: Remittances from overseas workers into Pakistan rose to $3.4 billion in October, up nearly 12% from a year earlier, central bank data showed on Friday, as inflows from key markets including Saudi Arabia and the United Arab Emirates helped bolster the country’s external accounts.
top-economy
Pakistan eyes $100 billion maritime sector to power long-term growth
KARACHI: Pakistan’s blue economy could swell to $100 billion by 2047 and serve as a “game changer” for the nation’s growth, Finance Minister Muhammad Aurangzeb said, as the government pushes to harness ocean resources amid efforts to stabilise the broader economy.
October inflation quickens to 6.2 percent, highest in a year, as floods, border closures bite
ISLAMABAD: Pakistan’s consumer price inflation accelerated to 6.2% in October from a year earlier, the highest reading in 12 months, as flood-related supply disruptions and temporary border closures with Afghanistan pushed up prices of essential commodities.
Pakistan needs deeper trade deals, flexible currency to revive exports, World Bank says
ISLAMABAD: Pakistan must revamp its lopsided trade pacts with 10 bilateral partners, adopt a market-driven exchange rate and slash energy and other input costs to reverse more than three decades of slumping exports and underpin lasting economic growth, according to the World Bank.
Pakistan tax filings jump 18 percent as PM Sharif hails reform gains
ISLAMABAD: Pakistan’s tax returns for the fiscal year ending June 2025 surged by 17.65% to a record 5.912 million, a milestone Prime Minister Shehbaz Sharif attributed to rising public confidence in the government’s economic overhaul and a broader crackdown on evasion.
Govt lifts fuel prices as global oil fluctuates
ISLAMABAD: The government increased gasoline and diesel prices for the next fortnight, tracking swings in the international crude market.
Pakistan receives first US crude cargo, boosting trade ties in $200 million deal
KARACHI: Pakistan took delivery of its first-ever cargo of US crude oil on Wednesday, docking a Suezmax tanker at Cnergyico Pk Ltd.’s offshore terminal in Balochistan and opening a new front in bilateral trade with Washington.
World Bank cuts Pakistan growth forecast on flood fallout
ISLAMABAD: Pakistan’s economic recovery faces fresh headwinds from devastating floods, with the World Bank slashing its growth projection for fiscal 2026 and warning of persistent inflation pressures amid strained public finances.
Pakistan, Saudi Arabia launch new economic cooperation framework to boost trade, investment
ISLAMABAD: Pakistan and Saudi Arabia launched on Tuesday an Economic Cooperation Framework aimed at boosting trade and investment ties, following a meeting a day earlier between Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammed bin Salman on the sidelines of the Future Investment Initiative (FII9) in Riyadh.
Pakistan logs rare Rs1.5 trillion fiscal surplus in Q1, defies flood disruptions
The government posted a rare Rs1.51 trillion federal fiscal surplus in the first quarter of fiscal year 2026, flipping last year’s Rs649 billion deficit and signalling robust revenue gains even as floods hammered crops and spiked food prices.