KARACHI: The International Monetary Fund (IMF) cut Pakistan’s growth forecast to 2.6 percent for the current fiscal year, down from 3 percent, as the US new tariffs, now at their highest levels in a century, on Pakistani goods threaten the country’s export-driven economy.
Economy
Pakistan seeks to boost US imports, remove barriers to escape Trump tariffs
KARACHI: Pakistan is seeking to increase its imports from the United States and eliminate non-tariff barriers in an effort to mitigate the impact of high tariffs imposed by President Donald Trump.
Reforms, recovery in focus as Aurangzeb meets Georgieva, Banga at Spring Meetings
By Staff Reporter
ISLAMABAD: Finance Minister Muhammad Aurangzeb met with the heads of the International Monetary Fund (IMF) and the World Bank on Monday, launching a critical series of high-level consultations in Washington aimed at bolstering the country’s fragile economic recovery.
Pakistan inflation nears zero in April, deflation looms
KARACHI: The inflation is set to bottom out in April 2025, potentially dipping into deflationary territory, as a sharp decline in food and electricity prices drives the Consumer Price Index (CPI) to unprecedented lows, a brokerage report said in Monday.
Finance Minister heads to Washington for IMF, World Bank meetings
By Staff Reporter
KARACHI: Finance Minister Muhammad Aurangzeb left for Washington on Saturday to attend the World Bank and International Monetary Fund (IMF) Spring Meetings, aiming to secure further financial support and reassure investors as the country implements reforms under a $7 billion IMF bailout program.
FDI rises 14pc on Chinese flows; textile, tech exports gain
By Staff Reporter
KARACHI: Pakistan attracted $1.64 billion in foreign direct investment during the first nine months of its fiscal year through March, a 14 percent increase from the same period a year earlier, as Chinese inflows doubled and textile and technology exports surged.
Current account surges to record $1.2bn surplus in March as remittances offset trade gap
By Staff Reporter
KARACHI: The current account swung to a record monthly surplus of $1.2 billion in March 2025, its highest in at least 13 years, as worker remittances surged and lower oil prices eased import costs, bolstering efforts to stabilise the crisis-prone economy.
Pakistan relaunches PIA privatization with fresh bid call next week
By Staff Reporter
ISLAMABAD: The government will invite fresh bids next week to privatize Pakistan International Airlines Corp. (PIA), the privatization ministry said on Thursday, doubling down on efforts to sell the debt-strapped flag carrier after a failed first attempt drained $4.3 million in public funds.
Pakistan eyes US cotton, soybean buys to avoid Trump tariffs
By Staff Reporter
KARACHI: Pakistan plans to sharply increase imports of cotton and soybean from the United States to cut its bilateral trade surplus in half and sidestep steep tariffs imposed by President Donald Trump, Bloomberg reported on Wednesday.
CCP slaps Hyundai distributor with fine over 2020 SUV launch ‘bait’ tactics
By Staff Reporter
ISLAMABAD: The antitrust regulator fined Nishat Hyundai Motors Rs25 million for misleading consumers during the 2020 launch of its Tucson SUV, accusing the automaker of using “bait advertising” to inflate demand before abruptly raising prices.