KARACHI: Pakistan’s fiscal deficit narrowed to a nine-year low of 5.38% of gross domestic product in the fiscal year 2025, beating both government and International Monetary Fund projections, as a sharp rise in revenues outstripped expenditure growth.
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Pakistan arrests eight in raids on illegal forex trade, rupee gains ground
ISLAMABAD: The Federal Investigation Agency (FIA) has arrested at least eight suspects in a series of raids targeting illegal foreign exchange businesses across the country’s southern and southwestern regions, delivering a temporary lift to the beleaguered rupee.
Pakistan inflation jumps to 4.1 percent in July, outpacing forecasts
KARACHI: Pakistan’s consumer inflation surged to 4.1% in July 2025 from a year earlier, accelerating from 3.2% in June and topping expectations, as rising costs for food, fuel, and medicines added pressure on households, the Pakistan Bureau of Statistics (PBS) reported on Friday.
FBR July revenue hits Rs748.6 billion, beats target on 14 percent YoY gain
ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs748.6 billion in July, surpassing its monthly target and posting a 14% year-on-year increase, signaling renewed economic momentum in the country.
US slashes Pakistan’s tariff to 19 percent in Trump trade shake-up
KARACHI: Pakistan has emerged as a rare winner in President Donald Trump’s sweeping overhaul of US trade policy, securing a tariff reduction from 29% to 19% on Friday, the lowest rate for any South Asian country after Afghanistan.
Pakistan’s Utility Stores Corp. closes doors after 54 years as losses mount
ISLAMABAD” Pakistan’s Utility Stores Corporation (USC), a state-owned enterprise tasked with providing affordable essentials to low-income households, officially shut down operations on Thursday, ending a 54-year run plagued by financial losses and chronic inefficiencies.
Cabinet approves Haj 2026 policy, AI framework and green building code; PM caps sugar price
ISLAMABAD: The federal cabinet on Wednesday rolled out a trio of transformative policies, approving the Haj Policy for 2026, the National Artificial Intelligence (AI) Policy, and the Green Building Code of Pakistan.
UPDATE-Trump seals US-Pakistan trade deal, hits India with 25 percent import tariff
KARACHI: President Donald Trump said on Wednesday his administration has struck a trade deal with Pakistan to develop the South Asian nation’s oil reserves, while simultaneously imposing a 25% tariff on Indian imports, escalating tensions with New Delhi over trade imbalances and its energy ties with Russia.
Trump seals US–Pakistan trade deal, hits India with 25 percent import tariff
KARACHI: President Donald Trump said on Wednesday his administration has struck a trade deal with Pakistan to develop the South Asian nation’s oil reserves, while simultaneously imposing a 25% tariff on Indian imports, escalating tensions with New Delhi over trade imbalances and its energy ties with Russia.
SBP holds key rate at 11 percent, prioritising rupee stability over easing
KARACHI: Pakistan’s central bank kept its benchmark interest rate steady at 11% on Wednesday, opting to safeguard the rupee’s stability despite inflation trending below its target range and widespread expectations of a cut.