ISLAMABAD: The National Economic Council (NEC) on Wednesday approved a record Rs4.22 trillion national development outlay for the next fiscal year, fueled by a 22% increase in provincial allocations.
top-economy
ADB approves $800mln program to bolster Pakistan’s fiscal reforms
ISLAMABAD: The Asian Development Bank (ADB) on Tuesday approved an $800 million program to strengthen fiscal sustainability and enhance public financial management in Pakistan, as the country pushes forward with economic reforms.
Inflation quickens to 3.5pc in May, beats forecast
ISLAMABAD: Inflation climbed to 3.5% in May from a year earlier, outpacing government projections and and casting doubt on the impact of recent monetary easing.
Pakistan to tax cash transactions in bold push for digital economy
ISLAMABAD: Pakistan is set to launch a sweeping initiative in its upcoming budget to discourage cash usage and propel the nation toward a digital economy, targeting the fuel sector as its starting point, Dawn newspaper reported on Monday.
Pakistan’s consumer confidence hits six-year high
ISLAMABAD: Pakistan’s consumer confidence has surged to its highest level in six years, according to the Ipsos Consumer Confidence Survey for the second quarter of 2025, released on Sunday.
Petrol rises to Rs253.63/liter; diesel steady at Rs254.64/litre
ISLAMABAD: The government has raised the price of petrol by Re1 to Rs253.63 per litre for the next 15 days, effective June 1, while leaving high-speed diesel prices unchanged at Rs254.64 per litre, even as global oil markets remain largely subdued.
Trump says Pakistani trade talks set for next week
ISLAMABAD: Pakistan and the US will launch trade negotiations next week, President Donald Trump said on Friday, as a potential 29 percent reciprocal tariff threatens Pakistan’s $5.44 billion export market.
Aurangzeb, Greer open talks to avert Trump’s 29pc reciprocal tariffs
ISLAMABAD: Pakistan has formally begun negotiations with the United States to tackle newly imposed reciprocal tariffs, with Finance Minister Muhammad Aurangzeb and US Trade Representative Ambassador Jamieson Greer launching the process via a conference call on Friday, a senior official said.
Pakistan unveils first government-led strategic bitcoin reserve
ISLAMABAD: Minister for Crypto and Blockchain, Bilal Bin Saqib, unveiled the country’s first government-led strategic bitcoin reserve at Bitcoin Vegas 2025, signaling the country’s entry into the global digital finance landscape
PIA privatisation deadline pushed to June 13
ISLAMABAD: The government has extended the deadline for potential buyers to express interest in acquiring Pakistan International Airlines (PIA) to June 13, the Privatisation Ministry said in a statement on Tuesday, as it presses ahead with efforts to offload the long-struggling national flag carrier.