ISLAMABAD: Pakistan’s economy is set to expand 2.7% in the fiscal year ending June 2025, up from 2.5% last year, though concerns over inflated industrial figures and a weak agricultural sector cloud the outlook, the government’s economic survey showed on Monday.
Micro
Pakistan’s economy seen growing 2.7pc, survey set for unveiling today
ISLAMABAD: Pakistan’s economy is expected to have grown by 2.7% in the fiscal year 2024-25, preliminary figures signal on Monday, with the official Economic Survey set to be unveiled later today by Finance Minister Muhammad Aurangzeb.
India’s suspension of Indus Waters Treaty risks nuclear war in South Asia
ISLAMABAD: Former foreign minister Bilawal Bhutto-Zardari said on Thursday India’s suspension of the Indus Waters Treaty risks sparking the world’s first nuclear war over water, escalating an already volatile standoff between the two nuclear-armed neighbours.
Nearly 1 in 2 Pakistanis live below poverty line under World Bank’s new standards
ISLAMABAD: Nearly half of Pakistan’s population is living below the poverty line, according to a World Bank report released on Thursday, a stark finding driven by the institution’s recent update to global poverty standards rather than a deterioration in the country’s economic conditions.
IMF demands strict budget compliance, rejects power incentives
ISLAMABAD: Pakistan is under pressure from the International Monetary Fund to include agriculture income tax in provincial budgets by September 2025 and ditch a federal plan to boost power consumption, local media reported on Thursday.
NEC greenlights Rs4.22 trln development budget amid IMF pressure
ISLAMABAD: The National Economic Council (NEC) on Wednesday approved a record Rs4.22 trillion national development outlay for the next fiscal year, fueled by a 22% increase in provincial allocations.
ADB approves $800mln program to bolster Pakistan’s fiscal reforms
ISLAMABAD: The Asian Development Bank (ADB) on Tuesday approved an $800 million program to strengthen fiscal sustainability and enhance public financial management in Pakistan, as the country pushes forward with economic reforms.
Pakistan prioritises strategic projects in Rs880bn development budget under IMF curbs
ISLAMABAD: The government will channel Rs880 billion into high-priority development projects in its 2025-26 budget, adhering to financial constraints and austerity measures tied to a $7 billion International Monetary Fund (IMF) loan, Planning Minister Ahsan Iqbal said on Monday.
Inflation quickens to 3.5pc in May, beats forecast
ISLAMABAD: Inflation climbed to 3.5% in May from a year earlier, outpacing government projections and and casting doubt on the impact of recent monetary easing.
Pakistan to tax cash transactions in bold push for digital economy
ISLAMABAD: Pakistan is set to launch a sweeping initiative in its upcoming budget to discourage cash usage and propel the nation toward a digital economy, targeting the fuel sector as its starting point, Dawn newspaper reported on Monday.