The federal government borrowed Rs272 billion from domestic banks during the first month of fiscal year 2025-26 (FY2026), despite recording a budget surplus, highlighting the country’s continued dependence on borrowing to meet financing and debt management requirements. The borrowing figures were released by the State Bank of Pakistan (SBP) and analyzed in a report....
Despite decades of government support and billions of rupees in incentives, Pakistan’s automobile industry has struggled to establish a meaningful presence in international markets, while the country’s aerospace sector has emerged as a globally recognized success story. An analysis highlights the stark contrast between the performance of the two industries and calls for a major...
Prime Minister Shehbaz Sharif has pledged to transform Pakistan into a strong economic power, saying the country can achieve economic success with the same unity and determination that led to its nuclear capability. In his remarks, the premier said Pakistan’s historic nuclear journey demonstrated how national resolve and strategic vision could help the country overcome...
Pakistan has increased the size of its Eurobond issuance from $500 million to $750 million after receiving strong interest from international investors, signalling renewed confidence in the country’s economic outlook. The move marks a significant return to global capital markets after a gap of several years. Officials said the initial target of $500m was revised...
Pakistan has joined a group of developing countries to launch a new global borrowers’ platform aimed at improving debt sustainability, transparency, and coordination among borrowing nations. The initiative was introduced at a high-level meeting of finance ministers and central bank governors, with Pakistan and Egypt co-chairing the working group behind its development. Finance Minister Muhammad...
Pakistan has agreed to end currency controls gradually and relax restrictions on foreign exchange movement as part of commitments made to the International Monetary Fund (IMF), aiming to secure the release of a $1 billion loan tranche. Officials indicated that the move is intended to stabilise the economy amid rising inflation and external pressures caused...
Pakistan Prime Minister Shehbaz Sharif on Wednesday expressed strong appreciation for the World Bank’s continued partnership and support during a high-level meeting with World Bank President Ajay Banga in Islamabad. The leaders discussed strengthening development cooperation across key sectors, including infrastructure, human capital, energy reforms, and economic stability initiatives, all central to Pakistan’s ongoing reform...
Pakistan’s President Asif Ali Zardari met with United Arab Emirates Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum in Dubai on Wednesday, with both leaders exploring ways to strengthen economic, trade, and investment ties between the two countries, officials said. The meeting at Zabeel Palace focused on expanding cooperation in key sectors,...