KARACHI: Moody’s Ratings upgraded Pakistan’s local- and foreign-currency issuer and senior unsecured debt ratings to Caa1 from Caa2, pointing to the country’s strengthening external buffers and headway on reforms tied to its $7 billion International Monetary Fund (IMF) program.
top-economy
FM Aurangzeb sees room for rate cuts
ISLAMABAD: Finance Minister Muhammad Aurangzeb signalled on Wednesday that the central bank could lower interest rates further before the end of 2025, a move aimed at sustaining the country’s nascent economic recovery.
Pakistan greenlights Rs141bn for Q1 development push as economy gains traction
ISLAMABAD: Pakistan has rolled out a Rs141 billion funding package for federal development projects in the first quarter of the 2025-26 fiscal year, part of a broader strategy to sustain a burgeoning economic recovery driven by soaring exports, a historic current account surplus, and a sharp drop in inflation, officials said Tuesday.
Pakistan, US near trade deal finalisation with focus on oil and lower tariffs – Bloomberg
ISLAMABAD: Pakistan and the United States are in the final stages of negotiations to cement a trade and investment agreement that could reshape economic ties, bolstered by a reduced US tariff rate of 19 percent on Pakistani goods.
Pakistan receives $539-a-tonne offer in 100,000-tonne sugar tender
ISLAMABAD: The state-run Trading Corporation of Pakistan (TCP) received a lowest offer of $539.00 per tonne, cost and freight (c&f), in its international tender to procure 100,000 tonnes of white refined sugar on Monday, traders said, as the government seeks to tame soaring domestic prices.
Pakistan eyes major US investment in copper sector after tariff deal
ISLAMABAD: Pakistan is poised for a significant boost in its mining sector with anticipated US investment and increased copper exports following a breakthrough bilateral tariff agreement, the Dawn newspaper reported on Monday.
Anti-graft NAB seizes Rs547.31bn in H1 2025
ISLAMABAD: Pakistan’s National Accountability Bureau (NAB) recovered Rs547.31 billion in assets and funds from corrupt elements in the first half of 2025, the agency said on Saturday, with a robust Rs456.3 billion haul in the second quarter driving its aggressive anti-corruption campaign.
Pakistan incurs Rs4.1bn shortfall after barring Indian aircraft from airspace: ministry
ISLAMABAD: Pakistan has incurred a revenue shortfall of Rs4.1 billion in little more than two months after shutting its airspace to Indian-registered aircraft, the defence ministry informed parliament Friday, insisting national security trumps economic costs.
Nepra cuts power tariffs by Rs1.8881/kWh for next three months
ISLAMABAD: Pakistan’s electricity regulator, the National Electric Power Regulatory Authority (Nepra) on Thursday cut power tariffs by Rs1.8881 per kilowatt hour (kWh) for the next three months, offering relief to consumers of all power distribution companies (Discos), including K-Electric (KE), as they face steep energy bills.
Pakistan unveils first digital agricultural census
ISLAMABAD: Pakistan launched its first digital agricultural census on Wednesday, a step Federal Minister Ahsan Iqbal hailed as a “turning point” for the sector.