ISLAMABAD: Pakistan and the United States have voiced a shared interest in bolstering economic ties, with a focus on trade and investment, following talks between their officials in Washington, the finance ministry said on Saturday.
Economy
Pakistan power output hits record as industrial package spurs demand
KARACHI: Pakistan’s electricity generation climbed to an all-time monthly high in January as lower tariffs and a government subsidy program lured more industrial users onto the national grid, offsetting higher costs for captive power plants.
Pakistan sees 26 percent jump in foreign profit repatriation amid FDI slump
KARACHI: Pakistan’s foreign investors repatriated a record $1.68 billion in profits and dividends in the first seven months of the fiscal year, even as fresh direct investment into the cash-strapped South Asian economy tumbled by more than 40%.
As prices soared, incomes lagged — and poverty deepened across Pakistan
ISLAMABAD: Pakistan’s poverty rate climbed to almost 29% in the fiscal year ending in 2025, as a string of crises from the COVID-19 pandemic to high inflation and massive floods took a toll on households, a government report showed on Friday, even as the economy began to show some recovery.
Pakistan launches crypto sandbox to test digital assets under regulator’s watch
ISLAMABAD: Pakistan’s Virtual Assets Regulatory Authority unveiled a testing framework for cryptocurrencies on Friday, marking a key step in the South Asian nation’s push to oversee the burgeoning digital asset sector while fostering innovation.
Sharif, Rubio discuss minerals, counter-terrorism at US peace forum
ISLAMABAD: Prime Minister Shehbaz Sharif met US Secretary of State Marco Rubio on the sidelines of a new international peace forum in Washington, where the two discussed deepening cooperation on minerals, energy and counter-terrorism as Islamabad seeks more American investment to shore up its economy.
IMF sees economic stability in Pakistan before key review talks
KARACHI: Pakistan’s efforts to overhaul its economy under a $7 billion bailout from the International Monetary Fund have delivered tangible gains, stabilising growth and restoring investor confidence after years of turmoil, a senior IMF official said.
Pakistan signs deal with US to revamp NYC’s Roosevelt Hotel
ISLAMABAD: Pakistan and the US have inked a memorandum of understanding to jointly pursue the redevelopment of New York’s historic Roosevelt Hotel, a move that could unlock significant value from one of Islamabad’s most prized overseas assets while bolstering bilateral economic relations.
Pakistan pledges no power, gas outages during key Ramadan hours
ISLAMABAD: Pakistan’s power and petroleum ministers pledged on Wednesday there would be no electricity or gas outages during the pre-dawn Sehr meal and evening Iftar breaking of the fast throughout the Muslim holy month of Ramadan, as the government seeks to ease hardships for millions observing the religious period.
Pakistan IT exports rise 19 percent to $2.61 bln in July-Jan, data shows
KARACHI: Pakistan’s information technology exports climbed 19% to $2.61 billion in the first seven months of the fiscal year ending June 2026, driven by higher earnings from software firms, remote workers and freelancers serving global clients, data from the central bank showed.