ISLAMABAD: Pakistan’s trade deficit swelled by 9 percent to $26.3 billion in the fiscal year 2024-25, as imports outpaced a modest rise in exports, data from the Pakistan Bureau of Statistics (PBS) showed on Wednesday.
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Pakistan inflation eases to 3.2 percent in June, matches forecasts
ISLAMABAD: Inflation in Pakistan slowed to 3.2% in June from a year earlier, down from 3.5% in May and a sharp retreat from the 12.6% recorded in June 2024, data from the Pakistan Bureau of Statistics showed Tuesday.
Govt raises petrol by Rs8.36, diesel by Rs10.39 as oil markets volatile
KARACHI: Pakistan raised petrol and diesel prices for the second time in a month on Monday, driven by volatile global oil markets and Middle East tensions, even as international benchmarks softened.
Pakistan expects June inflation to hold steady at 3-4 percent as economic recovery gains traction
ISLAMABAD: Pakistan’s finance ministry forecasts inflation will stay between 3% and 4% in June, signaling stability in prices as the economy shows tentative signs of recovery bolstered by manufacturing gains and a stronger external position.
Govt seeks flat Rs1.15/unit power tariff cut for most consumers from July 1
ISLAMABAD: The government has moved to reduce electricity prices for consumers nationwide starting July 1, filing a petition with the National Electric Power Regulatory Authority (Nepra) for a Rs1.15 per unit tariff reduction.
Pakistan raises fixed gas charges for households by 50 percent to meet IMF targets
ISLAMABAD: Pakistan has increased fixed gas charges for households by as much as 50% to bolster revenue and comply with International Monetary Fund conditions, a move aimed at stabilising its beleaguered energy sector while sparing domestic tariff hikes.
Pakistan leads global drop in sovereign default risk, Bloomberg data shows
ISLAMABAD: Pakistan has posted the steepest decline in sovereign default risk worldwide over the past year, topping Bloomberg Intelligence’s Global Emerging Market Rankings for credit risk improvement, as growing investor confidence underscores the country’s economic turnaround.
Pakistan stocks hit record as budget approval fuels rally
KARACHI: Pakistan’s benchmark KSE-100 Index soared to an all-time high Friday, climbing 1.91% to 124,379.07, as local institutions bought aggressively after lawmakers approved the 2025 budget.
SBP reserves plunge to 11-month low on debt repayments
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) plummeted by a record $2.66 billion in a single week, driven by hefty external debt repayments, marking the steepest decline in more than three years.
Pakistan, US to wrap up tariff talks next week
ISLAMABAD: Pakistan and the United States are racing to finalise trade negotiations next week to head off steep tariffs that could derail Islamabad’s fragile economic recovery.