ISLAMABAD: Pakistan said on Friday it would keep its border crossings with Afghanistan closed to transit trade indefinitely, citing persistent security threats from across the frontier, even as a fragile ceasefire holds following weeks of deadly clashes.
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Pakistan offers Rs22.98/unit power to industry, agriculture to revive growth
ISLAMABAD: Pakistan on Thursday launched a three-year subsidy package offering cut-rate electricity to its industrial and agricultural sectors in a bid to spur exports and job growth, despite ongoing IMF pressure to curb untargeted energy support.
Pakistan to tap global markets in 2026 with eurobond, first panda bond
KARACHI: Pakistan is gearing up to re-enter international capital markets with a Eurobond issuance under its Global Medium-Term Note (GMTN) program in 2026, Finance Minister Muhammad Aurangzeb said on Wednesday, signaling growing confidence in the country’s economic stabilisation efforts.
Pakistan’s current account swings to surplus, but FDI drops sharply
KARACHI: Pakistan’s current account swung to a surplus in September for the first time this fiscal year, offering a reprieve to policymakers grappling with dollar shortages, even as foreign direct investment plunged 34% in the first quarter amid waning interest from key partners like China.
Pakistan says IMF reforms align with national priorities, $1.2bn tranche due Dec. 31
KARACHI: Finance Minister Muhammad Aurangzeb pushed back against suggestions that the International Monetary Fund is dictating terms at odds with the country’s priorities, saying all reforms to date have bolstered the economy while serving national goals.
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.
FM Aurangzeb seeks China backing for BRICS bank membership
ISLAMABAD: Finance Minister Muhammad Aurangzeb asked China for support in joining the New Development Bank established by the BRICS group, as the South Asian nation pushes for greater access to multilateral financing amid efforts to stabilise its economy.
Pakistan deliberately skipped global aid after floods, FM Aurangzeb says
ISLAMABAD: Pakistan opted not to seek international assistance following devastating floods this year, relying instead on its own fiscal resources amid an improved economic backdrop, Finance Minister Muhammad Aurangzeb said.
SBP warns of higher inflation risk as growth outlook holds steady
KARACHI: The central bank projected economic growth will likely hover near the lower end of its forecast for the fiscal year ending June 2026, while warning that inflation could exceed its target range in the coming months amid lingering macroeconomic risks.