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...
Tag: pakistan economy
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Gwadar Port gains strategic importance amid Strait of Hormuz crisis
Gwadar Port is rapidly gaining strategic and economic importance as tensions in the Strait of Hormuz continue to disrupt regional shipping routes and global energy trade. Officials and analysts believe the port could serve as a safer alternative corridor for trade and logistics during the ongoing crisis. According to Gwadar Port Authority Chairman Noorul Haq...
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Govt approves Rs4.4bn to clear PIA retirees’ dues
The federal government has approved Rs4.4 billion to clear pending pension and medical dues of retired employees of Pakistan International Airlines (PIA), providing relief to hundreds of former staff. The decision was taken during a meeting of the Economic Coordination Committee (ECC) chaired by Finance Minister Muhammad Aurangzeb. The allocation is part of a...
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Punjab slashes Rs 35 billion from health and education budgets Amid Economic Crisis
The Government of Punjab has announced a major savings drive, cutting Rs35 billion from the health and education sectors to meet financial targets linked to International Monetary Fund (IMF) commitments. The decision includes surrendering unspent funds for the current fiscal year and eliminating nearly 150,000 vacant government positions. Officials say the measures are aimed at...
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Pakistan Increases Eurobond Size to $750m Amid Strong Investor Demand
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...
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Gold Prices Fall Sharply in Pakistan Amid Global Market Decline
Gold prices in Pakistan declined sharply on Thursday, reflecting a downturn in international bullion markets. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola dropped by Rs 9,500 to Rs 494,662, while the rate for 10 grams fell by Rs 8,415 to Rs 424,092. The decline in local...
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Govt Plans to End Currency Controls to Secure IMF Loan
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...
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Gold Jumps rs 3,400 Per Tola; Silver Also Edges Higher in Pakistan
Gold prices in Pakistan rebounded sharply, rising by Rs3,400 per tola in the latest trading session, while silver also recorded notable gains in both local and international markets. The increase comes after a significant drop a day earlier, highlighting continued volatility in the bullion market. According to market data, gold reached around Rs490,362 per tola,...
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PM Shehbaz to Meet CEOs of Amazon, Alibaba & Walmart in Strategic Investment Push
India has declared the Delhi explosion a terrorist act but stopped short of blaming Pakistan, prompting widespread “software updated” jokes online. The shift in tone sparked debates about regional tensions, India’s recent security posture, and the political implications of avoiding immediate accusations.
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Petrol, Diesel Prices Increased Again in Pakistan
The government has announced the revised prices of petroleum products for the next 15 days. According to the Ministry of Finance, the price of petrol has been increased by Rs 2.43 per litre, while the price of high-speed diesel has been raised by Rs 3.20 per litre. The official notification stated that the new price...