KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad said the country’s current economic policies are poised to deliver lasting growth, a sharp departure from the boom-bust cycles of the past, while spotlighting women entrepreneurs as a cornerstone of inclusive development.
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Competition watchdog launches 24 new probes into cartels, deceptive marketing in FY25
ISLAMABAD: Pakistan’s competition watchdog ramped up its fight against unfair business practices in the fiscal year 2024–25, launching 24 fresh probes into cartelization, abuse of dominance, and deceptive marketing across a broad swath of industries.
Pakistan’s central government debt jumps 12 percent to Rs76 trillion in May
KARACHI: Pakistan’s central government debt surged 12% to Rs76.05 trillion in May from a year earlier, intensifying fiscal strains on South Asia’s second-largest economy.
Pakistan, US near trade pact to shield exports from Trump tariffs
ISLAMABAD: Pakistan and the United States have concluded a critical round of trade negotiations, reaching an understanding on an agreement that could prevent the re-imposition of a 29 percent tariff on Pakistani exports, Dawn newspaper reported on Saturday.
Pakistan grapples with LNG glut as Qatar deal backfires
ISLAMABAD: Pakistan is wrestling with a costly oversupply of liquefied natural gas (LNG) from a second long-term deal with Qatar, originally intended to shore up energy security but now forcing the government to weigh revising the agreement.
Pakistan appoints financial advisers for ZTBL privatisation
ISLAMABAD: The government has tapped a consortium led by Next Capital Limited as financial advisers to oversee the sale of Zarai Taraqiati Bank Limited (ZTBL), a state-owned agricultural lender, according to an official statement.
Pakistan’s foreign reserves exceed IMF target after China loan rollover
KARACHI: Pakistan’s foreign exchange reserves surged to $14.51 billion by the end of June, surpassing a target set by the International Monetary Fund, after China rolled over $3.4 billion in loans and the country secured additional financing from other sources, the central bank said.
Trade deficit widens to $26.3 billion in FY25 despite export growth
ISLAMABAD: Pakistan’s trade deficit swelled by 9 percent to $26.3 billion in the fiscal year 2024-25, as imports outpaced a modest rise in exports, data from the Pakistan Bureau of Statistics (PBS) showed on Wednesday.
Pakistan eyes offshore storage for surplus LNG as glut threatens $378 million in losses
ISLAMABAD: Pakistan is exploring offshore storage options for excess liquefied natural gas (LNG) cargoes as a gas supply glut threatens domestic producers with $378 million in annual losses, Reuters reported on Tuesday.
Pakistan reverses tariff reforms, raising doubts over trade agenda
ISLAMABAD: The government has backtracked on its tariff reform agenda, retaining regulatory duties on more than 300 import items, a decision that undermines its five-year Tariff Policy Reform plan and casts doubt on its commitment to streamlining trade rules, Dawn newspaper reported on Tuesday.