KARACHI: No trading companies submitted price offers for Pakistan’s international tender to purchase 50,000 metric tons of sugar, which closed on Tuesday, according to initial assessments by European traders cited by Reuters.
top-economy
Pakistan’s power generation surges in June amid policy shifts, seasonal demand
KARACHI: Pakistan’s power generation jumped 8% in June 2025 from the previous month, fueled by rising temperatures and government efforts to shift industries from captive power to the national grid, pointing to a possible pickup in economic activity.
Businesses shutter in Karachi, Lahore to protest new tax rules
KARACHI: Businesses in Pakistan’s two largest cities, Karachi and Lahore, partially shuttered their doors on Saturday in a strike protesting new tax measures they say will cripple economic activity.
Pakistan swings to $2.1 billion current account surplus in FY25, first in 14 years
KARACHI: Pakistan’s current account swung to a surplus of $2.1 billion in the fiscal year 2024-25, marking the first annual surplus in 14 years and the largest in 22 years, driven by a surge in remittances and structural reforms, the State Bank of Pakistan (SBP) data showed on Friday.
Pakistan, Uzbekistan, Afghanistan sign pact for major regional railway project
ISLAMABAD: Pakistan, Uzbekistan, and Afghanistan signed a framework agreement on Thursday to conduct a joint feasibility study for the Uzbekistan-Afghanistan-Pakistan (UAP) Railway Project, a transformative initiative to link Central Asia to Pakistani seaports via Afghanistan, boosting regional trade and connectivity.
Pakistan in talks with IMF over sugar import tax exemptions amid domestic surplus concerns
ISLAMABAD: Pakistan is negotiating with the International Monetary Fund (IMF) over exemptions on duties and taxes for sugar imports, despite a structural benchmark with the fund that prohibits such tax breaks, a senior official said on Wednesday.
UK lifts air safety ban on Pakistani airlines, opening path for flights to resume
ISLAMABAD: The United Kingdom on Wednesday removed Pakistan from its Air Safety List, paving the way for Pakistani airlines to apply for permits to operate flights to the UK, the British High Commission in Islamabad said.
Pakistan slashes sugar import tender after IMF flags tax concerns
KARACHI: Pakistan’s state-run grain trader has slashed its sugar import tender by more than 80% after the International Monetary Fund raised concerns over tax exemptions on the commodity, a move exposing tensions between global financial pressures and a deepening domestic supply crisis.
Aurangzeb briefs Moody’s on economic turnaround, signals global market re-entry
ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb signaled a return to global debt markets during a briefing with Moody’s, spotlighting a $1 billion financing deal from the Middle East and a steep drop in inflation as proof of the country’s economic rebound.
Pakistan to sell PIA assets by year-end as privatization enters final stretch
ISLAMABAD: Pakistan is accelerating plans to sell the operational assets of its struggling national carrier, Pakistan International Airlines Co. (PIA), targeting completion by the last quarter of 2025, a parliamentary panel was told on Monday.