ISLAMABAD: The government has officially established the Pakistan Digital Authority (PDA), a body tasked with overseeing the country’s ambitious digital transformation agenda.
Economy
Pakistan’s GDP growth set to accelerate to 3.5% by 2027, Fitch says
KARACHI: Pakistan’s economy is poised for a stronger recovery, with real gross domestic product growth expected to pick up to 3.5% by 2027 from 2.5% in 2024, Fitch Ratings said on Monday, following a period marked by significant turmoil and high inflation.
LSM slips 0.74 percent in FY25 despite June rebound, far from target
Pakistan’s large-scale manufacturing (LSM) sector contracted by 0.74% in fiscal year 2025, falling significantly short of the government’s ambitious 3.5% growth target, according to data released by the Pakistan Bureau of Statistics on Friday.
Pakistan locks in 85,000 tons of sugar imports from Azerbaijan’s SOCAR to ease price surge
ISLAMABAD: Pakistan has secured Letters of Credit through Azerbaijan’s state-owned SOCAR for the import of 85,000 metric tons of sugar, a move designed to avert shortages and rein in retail prices that have soared past 200 rupees per kilogram.
Diesel drops Rs12.84, petrol unchanged
KARACHI: The government slashed the price of high-speed diesel by Rs12.84 per liter, or 4.5%, while holding petrol steady for the fortnight through August 31, responding to shifts in international oil prices.
Pakistan to roll out real-time digital tracking of petroleum to curb Rs500bn smuggling
ISLAMABAD: Pakistan will roll out real-time digital tracking of every litre of petroleum products within a month, a landmark reform to stem smuggling, theft, misappropriation, and adulteration that cost the economy up to Rs500 billion annually, Dawn newspaper reported on Friday.
TCP issues new tender for 200,000 tons of white sugar, due August 21
KARACHI: Pakistan’s state-owned Trading Corporation of Pakistan (TCP) launched a fresh international tender on Thursday to procure 200,000 metric tons of white refined sugar, traders said, as the government seeks to address tight domestic supplies
SBP forecasts stronger growth, stable inflation, modest deficit in FY26
KARACHI: Pakistan’s central bank anticipates economic growth accelerating to as much as 4.25% in fiscal year 2026, with inflation holding steady within target as the benefits of prior interest-rate reductions continue to ripple through the economy.
Pakistan secures 55,000 tons of sugar imports to curb soaring prices
KARACHI: The state-owned Trading Corporation of Pakistan (TCP) has purchased approximately 55,000 metric tons of white sugar through an international tender that closed this week, according to European traders cited by Reuters.
Moody’s lifts Pakistan’s credit ratings to Caa1 on reserves rebound, IMF progress
KARACHI: Moody’s Ratings upgraded Pakistan’s local- and foreign-currency issuer and senior unsecured debt ratings to Caa1 from Caa2, pointing to the country’s strengthening external buffers and headway on reforms tied to its $7 billion International Monetary Fund (IMF) program.