ISLAMABAD: The Central Development Working Party (CDWP) on Friday recommended a Rs18.14 billion health project for Khyber Pakhtunkhwa to the country’s top economic body for final approval, aiming to strengthen primary care services for local communities and refugees.
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Foreign investment slumps 22% in early fiscal year on China pullback
KARACHI: The foreign direct investment tumbled 22% in the first two months of the fiscal year, signalling persistent challenges in attracting capital amid economic headwinds and a sharp retreat from its largest investor.
Current account deficit widens to $245 million in August
KARACHI: The current account deficit widened to $245 million in August 2025, up from a revised $379 million shortfall in July and a $82 million deficit a year earlier, State Bank of Pakistan (SBP) data showed on Thursday, signaling challenges in sustaining the external account stability that delivered a rare annual surplus last fiscal year.
Top court questions parliament’s power to extend tax laws beyond fiscal year
ISLAMABAD The Supreme Court of Pakistan dove into a thorny constitutional debate on Tuesday, probing whether the National Assembly can pass tax laws that extend beyond the financial year’s boundaries.
Private credit surges 15 percent in August on easing conditions, lower govt borrowing
KARACHI: The private sector borrowing from banks accelerated to a 15.4% year-on-year gain in August, the strongest pace in months, as declining government debt needs freed up liquidity and lower interest rates spurred demand across industries from textiles to autos.
Factory output surges 8.99 percent in July on textile export boom
ISLAMABAD: The large-scale manufacturing (LSM) sector expanded at its fastest pace in over a year, climbing 8.99% in July from a year earlier, fueled by a robust textile sector that saw exports soar 32% to $1.68 billion.
Finance ministry rebuts debt concerns, says sustainability improved
ISLAMABAD: The finance ministry on Tuesday dismissed concerns over a nearly Rs9 trillion surge in public debt, asserting that the country’s debt trajectory is “more sustainable today than suggested by headline rupee figures.”
SBP holds rates steady at 11 percent as floods threaten crop harvest, food inflation
KARACHI: The central bank kept its benchmark interest rate unchanged at 11% for a third consecutive meeting, opting for caution as floods ravage the nation’s agricultural heartland and threaten to stoke food inflation just as the economy shows signs of stabilization.
SBP set to hold rate at 11 percent as floods stoke inflation risks
KARACHI: The central bank is set to keep its benchmark interest rate on hold at 11 percent when its Monetary Policy Committee convenes on Monday, as fresh flooding threatens to stoke inflation in a fragile economy already strained by energy costs.
FM Aurangzeb says IMF understands flood strain ahead of loan review
LAHORE: Finance Minister Muhammad Aurangzeb said the government is in close contact with the International Monetary Fund, which has shown understanding of the economic strain from devastating floods, as the lender prepares to review a $1.4 billion loan program.