KARACHI: Pakistan’s workers’ remittances increased 7% year-on-year to $3.1 billion in August 2025, driven by strong inflows from Gulf countries, the State Bank of Pakistan (SBP) said on Monday.
Economy
Islamabad: Prime Minister Muhammad Shehbaz Sharif witnesses singing of an MoU between Frontier Works Organization and United States Strategic Metals (8th September, 2025).
Pakistan, US sign critical minerals deal to boost investment
ISLAMABAD: Pakistan and the United States signed a memorandum of understanding (MoU) to advance cooperation in critical minerals, the US Embassy in Islamabad said on Monday, a move aimed at attracting investment and strengthening bilateral ties.
Floods to cost economy $1.4 bln, hit growth and inflation – report
KARACHI: Pakistan’s 2025 monsoon floods are expected to cause economic losses of about $1.4 billion, or 0.33% of gross domestic product, with agriculture suffering the most damage and threatening to slow growth while pushing up inflation, analysts said.
Pakistan faces internet slowdowns after Saudi undersea cable damage
ISLAMABAD: Pakistan’s main telecommunications provider said on Saturday that cuts to submarine internet cables in Saudi waters could disrupt services in the country during peak hours, the latest in a series of undersea faults to hit the nation’s connectivity.
FM Aurangzeb orders urgent review of food stocks as floods stoke inflation fears
ISLAMABAD: Finance Minister Muhammad Aurangzeb ordered an urgent assessment of the nation’s stocks of wheat, rice, and sugar on Friday, as catastrophic floods in the nation’s agricultural heartland threaten to deepen a food crisis and fuel inflation in the world’s eighth-largest wheat producer.
Punjab floods wipe out 30 percent of Pakistan’s wheat stocks, threaten food security – business leader
ISLAMABAD: Catastrophic floods in Pakistan’s eastern Punjab province have wiped out 30 percent of the country’s wheat stocks, a senior business leader said on Thursday, raising fears of food shortages and soaring prices in the world’s eighth-largest wheat producer.
Sugar crisis fuels windfall profits for mills linked to Sharif, Zardari, Tareen families
ISLAMABAD: Pakistan’s political dynasties, including the Sharifs, Zardaris, and Jahangir Tareen, have reaped an estimated Rs300 billion in sugar mill profits since exports were permitted in 2024, official records show, wielding policy influence to shield the industry as half the mill owners hold government or parliamentary posts.
ADB approves $130 mln loan for Pakistan’s energy sector – ministry
ISLAMABAD: The Asian Development Bank (ADB) has approved a $130 million loan for Pakistan’s energy sector to help promote clean energy and upgrade the country’s power transmission and distribution systems, the energy ministry said on Thursday.
Pakistan, China pledge to fast-track CPEC 2.0 projects, sign raft of MoUs in Beijing
ISLAMABAD: Prime Minister Shehbaz Sharif and Chinese Premier Li Qiang reaffirmed their commitment on Thursday to advancing the second phase of the China-Pakistan Economic Corridor, a multibillion-dollar infrastructure initiative central to their strategic partnership, during a meeting Sharif described as “warm and most productive.”
Wapda seeks 91 percent hike in hydel revenue to Rs364.9 billion for 2025-26
LAHORE: Pakistan’s state-owned Water and Power Development Authority (Wapda) has proposed a 91% increase in its total revenue requirement, including hydel levies, to Rs364.872 billion for the fiscal year 2025-26, up from Rs190.909 billion set by the National Electric Power Regulatory Authority (Nepra) for 2022-23, according to a tariff petition filed with the regulator.