ISLAMABAD: The federal government has requested that Punjab Province arrange a meeting between the newly elected chief minister of Khyber Pakhtunkhwa and Imran Khan, the imprisoned founder of the Pakistan Tehreek-e-Insaf party, in an effort to resolve delays in forming a provincial cabinet, officials said on Tuesday.
Commodities
IMF lifts MENA, Pakistan growth forecasts on stronger demand, higher oil output
KARACHI: The International Monetary Fund raised its economic growth forecasts for the Middle East and North Africa region, citing higher oil production among exporters and resilient domestic demand among importers including Pakistan.
Govt sets Rs3,500 support price, frees wheat movement across provinces
Islamabad: The government approved a wheat policy for the 2025-26 season that lifts restrictions on inter-provincial shipments of the staple crop, aiming to ensure nationwide availability amid criticism from some regions over Punjab’s efforts to control outflows.
Pakistan says floods to dent growth as farm damage mounts
ISLAMABAD: Finance Minister Muhammad Aurangzeb said recent floods that ravaged farmland across the country will likely curb economic growth this fiscal year, as initial assessments point to heavy damage in key agriculture sectors like rice and cotton.
Pakistan sees price stability return, growth edge up in FY25: central bank
KARACHI: The central bank said macroeconomic conditions improved in fiscal 2025 as tight monetary policy and fiscal tightening curbed inflation and bolstered stability, though risks from global trade disruptions, geopolitical strains and domestic flooding threaten the outlook.
Petrol down Rs5.66 per liter, diesel Rs1.39
ISLAMABAD: The government cut fuel prices late Wednesday, offering relief to consumers grappling with high living costs in a move that could temporarily ease inflationary pressures.
Pakistan’s economy to grow 3.6% in FY25, IMF says; inflation, deficit to rise
KARACHI: The International Monetary Fund expects Pakistan’s economy to grow 3.6% for the current fiscal year, even as it projected higher inflation and a widening current account deficit, though the estimates exclude the still-unassessed damages from recent floods.
Pakistan, IFC discuss Reko Diq financing as FM Aurangzeb pushes for faster project execution
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday held talks with officials from the International Finance Corporation and the Islamic Development Bank aimed at boosting private sector investment and speeding up infrastructure projects, while inviting US firms to invest in key sectors during meetings in Washington.
Pakistan revises FY2025 GDP growth Up to 3.04 percent on stronger industry, farming
ISLAMABAD: Pakistan’s economy expanded faster than previously estimated in the fiscal year through June, driven by upward revisions in industrial and agricultural output, according to official data released on Wednesday.
Pakistan growth seen slowing to 2.6 percent as floods hit crops, World Bank says
ISLAMABAD: Pakistan’s economy is forecast to expand 2.6% in the fiscal year through June 2026, little changed from the prior period, as catastrophic floods sap agricultural output and revive inflation pressures, the World Bank said.