Saudi Arabia is reportedly engaged in high-level discussions with the United States to finalise a defence pact that could be signed during Crown Prince Mohammed bin Salman’s upcoming visit to the White House next month, according to a report by the Financial Times. Citing individuals familiar with the matter, the report states that both sides […]
Pakistan, IMF Reach Staff-Level Agreement Worth $3.3 Billion Under EFF and RSF
Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF), a major step signaling renewed confidence in Pakistan’s economic management and reform progress. The agreement covers the second review of the EFF and the first review of the RSF, with […]
Pakistan’s domestic debt surpasses Rs54 trillion amid soaring interest payments
Pakistan’s domestic debt has hit an all-time high, crossing Rs54.47 trillion as of June 2025, reflecting a massive increase of over Rs28 trillion within just five years. The surge underscores the country’s growing reliance on internal borrowing to bridge fiscal gaps and finance its expanding budgetary needs. According to official data released by the Ministry […]
Punjab Government to Procure Wheat from Farmers at Rs3,500 per 40kg
The Punjab government has finalized an agreement with the private sector to purchase wheat from farmers at a fixed rate of Rs3,500 per 40 kilograms, marking a significant step to support the province’s agricultural community. The decision was made during a high-level meeting chaired by Chief Minister Maryam Nawaz Sharif in Lahore, as reported by […]
Govt Shifts Electricity Bill Delivery to Pakistan Post, Launches Nationwide Pilot
The Government of Pakistan has launched a major operational shift in utility management by handing over the electricity bill distribution system to Pakistan Post. The reform is expected to enhance delivery efficiency while reducing administrative costs across DISCOs. As part of the initial implementation, the distribution will commence on a trial basis—targeting one sub-division from […]
Pakistan’s Economic Comeback: Ishaq Dar Discusses Growth & Privatization
Pakistan’s Economic Journey: From Crisis to Progress During a special address at a Pakistan Business Council event, Deputy Prime Minister Ishaq Dar reaffirmed that Pakistan’s economy is regaining strength, despite past difficulties. Dar reflected on 2013’s challenges, where the country faced:⚡ Unprecedented load shedding🔫 Terrorism on the rise📉 A weak financial system on the verge […]
October 2024 Sees Pakistan’s Current Account in Surplus by $349 Million
For the third month in a row, Pakistan has achieved a current account surplus, recording $349 million in October 2024, as reported by the State Bank of Pakistan (SBP). This marks a stark contrast to October 2023, which had a deficit of $287 million, showcasing considerable improvement in the country’s external financial health. Strong Export […]
Textile Exports of Pakistan Grow by 5.37% in First Two Months of FY2024-25
Pakistan’s textile exports have seen a 5.37% increase in the initial two months of FY2024-25, with exports reaching $2.915 billion, compared to $2.766 billion during the same period last year, according to the Pakistan Bureau of Statistics (PBS). The knitwear segment showed impressive growth, with exports increasing by 7.15% to $820.585 million. Cotton cloth exports […]
Pakistan Makes Progress in Meeting IMF Loan Targets
Pakistan has made significant progress in meeting the requirements set by the International Monetary Fund (IMF) for its ongoing loan program, according to inside sources. Out of the 26 conditions, the country has successfully achieved 25, demonstrating its commitment to financial reform and stability. One of the key achievements highlighted in the Ministry of Finance’s […]