KARACHI: Finance Minister Muhammad Aurangzeb struck an optimistic tone on the nation’s current account trajectory, projecting a surplus for the full fiscal year 2025 even as the central bank warned of a potential deficit, underscoring diverging views within the country’s economic leadership.
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IMF board to weigh Pakistan’s $1 billion tranche, $1.3 billion climate loan on May 9
KARACHI: The International Monetary Fund’s Executive Board will meet on May 9 to review Pakistan’s $7 billion bailout and consider a $1.3 billion climate resilience loan, the lender’s website showed on Tuesday.
SBP says economy gains ground with policy overhaul
KARACHI: Pakistan’s economy showed marked improvement in the first half of fiscal year 2025, with inflation dropping to its lowest level in decades and the current account balance swinging into a surplus, the central bank said on Monday.
Govt pledges protections for foreign projects amid security challenges
LAHORE: Interior Minister Mohsin Naqvi assured a delegation of foreign investors on Sunday that the government would provide them with protection, the interior ministry said, amid a surge in militant attacks in the western provinces of Khyber Pakhtunkhwa and Balochistan.
Trump-backed WLF, Pakistan Crypto Council strike blockchain deal
ISLAMABAD: World Liberty Financial (WLF), a decentralised finance (DeFi) platform backed by US President Donald Trump, has signed a landmark Letter of Intent (LoI) with the Pakistan Crypto Council (PCC) to accelerate blockchain innovation, stablecoin adoption, and DeFi integration across Pakistan.
Pakistan relaunches PIA privatisation push with May 3 bid deadline
ISLAMABAD: Pakistan has relaunched efforts to privatise its struggling national flag carrier, inviting expressions of interest by May 3, 2025 for a majority stake in Pakistan International Airlines Corporation Limited (PIACL) after a previous sale attempt failed.
World Bank cuts Pakistan’s growth forecast, urges structural reforms
ISLAMABAD: The World Bank has trimmed its growth forecast for Pakistan to 2.7 percent for fiscal year 2025, a slight dip from its previous estimate of 2.8 percent, signaling that without sweeping structural reforms to bolster private investment and export strength, the country’s economic and poverty woes will persist.
Reforms, recovery in focus as Aurangzeb meets Georgieva, Banga at Spring Meetings
By Staff Reporter
ISLAMABAD: Finance Minister Muhammad Aurangzeb met with the heads of the International Monetary Fund (IMF) and the World Bank on Monday, launching a critical series of high-level consultations in Washington aimed at bolstering the country’s fragile economic recovery.
Finance Minister heads to Washington for IMF, World Bank meetings
By Staff Reporter
KARACHI: Finance Minister Muhammad Aurangzeb left for Washington on Saturday to attend the World Bank and International Monetary Fund (IMF) Spring Meetings, aiming to secure further financial support and reassure investors as the country implements reforms under a $7 billion IMF bailout program.
Current account surges to record $1.2bn surplus in March as remittances offset trade gap
By Staff Reporter
KARACHI: The current account swung to a record monthly surplus of $1.2 billion in March 2025, its highest in at least 13 years, as worker remittances surged and lower oil prices eased import costs, bolstering efforts to stabilise the crisis-prone economy.