KARACHI: Ratings agency S&P Global raised Pakistan’s sovereign credit rating to ‘B-’ from ‘CCC+’ and assigned a stable outlook on Thursday, signaling growing confidence in the country’s financial stability bolstered by International Monetary Fund support.
Macro
Market expects rate cut as SBP meeting nears
KARACHI: Most market participants expect the State Bank of Pakistan (SBP) to lower interest rates at its upcoming meeting, a poll showed, as inflation is projected to remain low and the external account shows stability.
ADB lifts Pakistan growth outlook as Asia grapples with tariff woes
ISLAMABAD: The Asian Development Bank (ADB) has raised its GDP growth forecast for Pakistan in fiscal year 2025 to 2.7%, citing a stronger-than-anticipated performance in the industrial and services sectors, even as it lowered economic projections for developing Asia and the Pacific due to higher US tariffs and global trade uncertainty.
Pakistan meets IMF benchmark with $12.4 billion debt inflow in FY25
ISLAMABAD: Pakistan locked in $12.4 billion in foreign debt for fiscal 2025, clinching a $3.4 billion loan just in time to hit its IMF target, an Economic Affairs Division (EAD) report showed on Tuesday.
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.
Businesses shutter in Karachi, Lahore to protest new tax rules
KARACHI: Businesses in Pakistan’s two largest cities, Karachi and Lahore, partially shuttered their doors on Saturday in a strike protesting new tax measures they say will cripple economic activity.
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.
Pakistan’s FDI surges 5 percent in FY25, boosted by Chinese investments
KARACHI: Pakistan’s foreign direct investment (FDI) rose by 5% in the fiscal year 2025, reaching $2.457 billion, largely driven by a significant influx of Chinese capital.
FM Aurangzeb in Washington to negotiate trade deal as August deadline looms
KARACHI: Finance Minister Muhammad Aurangzeb is in the United States to negotiate Washington’s demands as part of trade talks ahead of an August deadline, Bloomberg reported on Friday.