ISLAMABAD: The National Electric Power Regulatory Authority imposed a Rs25 million penalty on K-Electric Ltd., holding the power utility accountable for exacerbating a nationwide blackout that plunged the country into darkness for nearly a day.
Economy
Pakistan edges closer to IMF deal as FM Aurangzeb sees no ‘showstoppers’ in review talks
ISLAMABAD: Finance Minister Muhammad Aurangzeb struck an upbeat note on the country’s push for a staff-level agreement with the International Monetary Fund, describing recent talks as “constructive” and insisting there are no “showstoppers” in the way.
Remittance inflows climb to $3.2 billion in September, bolstered by formal channels
KARACHI: Pakistan’s overseas workers’ remittances surged to $3.2 billion in September 2025, reflecting robust growth in inflows that serve as a critical lifeline for the nation’s economy, according to data released by the State Bank of Pakistan (SBP) on Thursday.
IMF says ‘significant progress’ made toward staff-level deal in Pakistan’s $7 billion bailout review
ISLAMABAD: Pakistan and the International Monetary Fund made significant progress toward a staff-level agreement on the review of a $7 billion bailout program, as the lender weighs the impact of recent floods on the cash-strapped South Asian nation’s economy.
Pakistan revises FY2025 GDP growth Up to 3.04 percent on stronger industry, farming
ISLAMABAD: Pakistan’s economy expanded faster than previously estimated in the fiscal year through June, driven by upward revisions in industrial and agricultural output, according to official data released on Wednesday.
Pakistan to weigh flood impact, IMF review before rate cuts – central bank chief
ISLAMABAD: Further policy rate cuts by Pakistan’s central bank will hinge on the economic impact of recent floods and the results of an ongoing International Monetary Fund review, State Bank of Pakistan Governor Jameel Ahmad said.
Pakistan growth seen slowing to 2.6 percent as floods hit crops, World Bank says
ISLAMABAD: Pakistan’s economy is forecast to expand 2.6% in the fiscal year through June 2026, little changed from the prior period, as catastrophic floods sap agricultural output and revive inflation pressures, the World Bank said.
Saudi business delegation in Pakistan to explore trade and investment under Vision 2030
ISLAMABAD: A high-level Saudi business delegation led by Prince Mansour bin Mohammad Al Saud arrived in Islamabad on Tuesday to discuss trade, investment and collaboration, the Foreign Office said, weeks after the two countries signed a mutual defence agreement.
Pakistan forms committee to accelerate economic talks With Saudi Arabia
Pakistan has set up an 18-member committee to drive bilateral economic talks and negotiations with Saudi Arabia, according to a notification from the Prime Minister’s Office.
Pakistan, Malaysia agree to boost trade ties as Kuala Lumpur plans $200m halal meat imports
ISLAMABAD: Prime Minister Shehbaz Sharif and his Malaysian counterpart, Anwar Ibrahim, vowed on Monday to deepen economic ties between their nations, with Malaysia announcing plans to import $200 million worth of halal meat from Pakistan as a key step toward expanded trade and investment.