ISLAMABAD: Inflation in Pakistan is expected to hover between 3.5% and 4.5% in July, the finance ministry said in its latest monthly economic report on Monday, with stable prices and improved supply conditions keeping price pressures in check after a sharp drop last fiscal year.
Commodities
Pakistan issues second sugar import tender for 100,000 tons after initial failure
KARACHI: Pakistan is scrambling to shore up sugar supplies, issuing an international tender for 100,000 metric tons of white refined sugar as domestic prices spiral and inventories teeter on the brink of depletion.
Pakistan cracks down on sugar hoarding to tame runaway prices
ISLAMABAD: The government has launched a nationwide crackdown on sugar hoarding and profiteering as retail prices of the commodity have soared to unprecedented levels, sparking widespread public outcry and intensifying criticism from opposition parties.
Sindh farmers sue over 45 percent tax, launch wheat boycott
KARACHI: The Sindh Chamber of Agriculture (SCA) will challenge a 45% agricultural income tax in court, branding it “unconstitutional” and “unethical,” while calling on farmers to boycott wheat planting for the 2025-26 season, Dawn newspaper reported on Wednesday.
Pakistan’s sugar import tender flops as tight deadlines deter bidders
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.
Pakistan announces Rs3 billion aquaculture park to boost blue economy
KARACHI: Pakistan unveiled plans on Saturday for a new aquaculture park in Karachi’s Korangi Fish Harbour, a move aimed at expanding the nation’s maritime sector and harnessing its blue economy.
Aurangzeb touts investment as ‘game-changer’ for Pakistan-US economic ties
ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb has hailed investment as a potential “game-changer” for economic relations with the United States, signaling a strategic pivot beyond immediate trade concerns as the two nations push to finalise a critical tariff agreement.
Pakistan’s textile exports show modest growth in FY25, but structural issues persist
ISLAMABAD: Pakistan’s textile exports, the linchpin of the nation’s export economy, edged up by a modest 7.39% to $17.88 billion in fiscal year 2025, climbing from $16.65 billion the previous year, according to official figures released Friday by the Pakistan Bureau of Statistics.
Pakistanis spend Rs4.7 billion digitally on Eid sacrificial animals
KARACHI: Pakistanis spent Rs4.7 billion on sacrificial animals through digital transactions during this year’s Eid-ul-Azha, the State Bank of Pakistan said, signaling a shift toward cashless commerce in a traditionally cash-heavy market.
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.