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.
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FM Aurangzeb promises bold budget reforms
ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Monday the government has planned a “strategic” budget for fiscal year 2025-2026, promising bold steps to reshape an economy battered by import reliance and fiscal instability.
Pakistan allocates 2,000MW to power Bitcoin mining, AI data centers
ISLAMABAD: Pakistan has allocated 2,000 megawatts of electricity to power Bitcoin mining and artificial intelligence data centers, marking a significant step in its bid to position itself as a global digital hub.
Pakistan pushes budget to June 10, IMF to continue talks post-visit
ISLAMABAD: Pakistan has postponed the presentation of its 2025-26 federal budget to June 10, a week later than the previously announced June 2, as the government grapples with unresolved fiscal negotiations with the International Monetary Fund, officials said on Friday.
Economy grows 2.4pc in Q3 amid mixed sector performance
ISLAMABAD: Pakistan’s economy expanded by 2.4% in the third quarter of fiscal year 2024-25, bolstered by gains in agriculture and services, even as the industrial sector shrank, data from the Pakistan Bureau of Statistics (PBS) showed on Tuesday.
IMF says Pakistan’s $7bn bailout fully financed with $6bn inflows ahead
ISLAMABAD: The International Monetary Fund confirmed Pakistan’s $7 billion bailout program is fully financed, projecting $6 billion in external inflows for the next fiscal year as key allies pledge to roll over debt.
Trade deficit jumps 57pc in April to $3.4bn as exports slump
ISLAMABAD: The trade deficit ballooned 57 percent month-on-month to $3.4 billion in April as exports contracted sharply and imports surged, signaling mounting pressure on the country’s external accounts ahead of critical IMF budget talks.
Current account surplus shrinks 96pc in April as imports surge
KARACHI: The current account posted a slight surplus of $12 million in April 2025, a steep fall from the $1.2 billion recorded in the previous month and a 96 percent decline from the $315 million in the same month last year, the State Bank of Pakistan (SBP) data showed on Friday.
Pakistan receives $1.023 billion IMF tranche
KARACHI: The State Bank of Pakistan on Wednesday received a $1.023 billion infusion from the International Monetary Fund, a critical lift for its foreign exchange reserves amid economic reforms and a fraught standoff with India.
Stocks post record 9pc gain on Trump truce, IMF tranche
By Staff Reporter KARACHI: Stock surged 9 percent on Monday, its biggest-ever single-day gain, as a ceasefire with India brokered by US President Donald Trump