The World Bank has revised Pakistan economic growth forecast upward to 3 percent for the current fiscal year, compared to its earlier estimate of 2.6 percent. It also lowered the poverty rate to 22.5 percent from 25.3 percent last year, even without new household data. The update was shared in the Pakistan Development Update 2025 […]
current fiscal year
Pakistan set to receive $2B from World Bank in FY25
The World Bank will lend Pakistan more than $2 billion during the current fiscal year. This funding comes through the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD). Officials say the money will support projects in agriculture, energy, water, finance, revenue, governance, and social services. The loans aim to boost […]
Federal govt renews austerity drive for new fiscal year
The federal government has decided to extend austerity measures into the current fiscal year, aiming to curb unnecessary public spending and control the budget deficit. The Ministry of Finance issued a fresh notification on Monday, reaffirming the cabinet’s earlier decision from September 4, 2024. As per the notification, all government vacancies that remained unfilled for […]
Pakistan’s power capacity reaches 46,605 MW, but idle plants push cost burden on consumers
ISLAMABAD – Pakistan’s electricity generation capacity has hit a new high of 46,605 megawatts during the current fiscal year, but the rise is adding financial pressure on consumers due to payments to idle power plants. According to the Economic Survey 2024–25, the country’s total installed capacity grew by 1.6% compared to the same period last […]
Salaried class becomes Pakistan’s top taxpayer, outpaces all other sectors
Fresh government data has revealed a striking fact — Pakistan’s salaried class has paid more taxes than any other sector during the current fiscal year. Over the past 11 months, salaried employees contributed Rs499 billion in income tax, topping the list of contributors to the national treasury. Sources confirm that the salaried group’s tax contribution […]
Pakistan railways rides to record Rs. 83 billion revenue in just 11 months
LAHORE, May 30, 2025 — Pakistan Railways has achieved a major financial milestone by generating a record-breaking Rs. 83 billion in revenue over the first eleven months of the current fiscal year. This is the highest-ever income recorded in this time frame in the organization’s history, signaling a strong rebound in operations and management reforms. […]
SBP needs $2.5 billion more to meet $14 billion forex target by year-end
The State Bank of Pakistan (SBP) announced that its foreign exchange reserves increased by $70 million to reach $11.516 billion during the week ending May 23. Despite this improvement, the SBP still needs to secure an additional $2.5 billion to meet its revised $14 billion foreign exchange reserve target before the end of the current […]