Pakistan is seeking major tax relief as high taxes continue to hurt investment and slow economic growth. Officials argue that strict IMF rules restrict policy changes and block recovery. They say growth cannot return unless tax pressure eases. Business leaders also warn that excessive taxes punish compliant sectors while large areas stay untaxed. This growing […]
economic growth
Dar pitches Pakistan as a prime destination for EU investors
Brussels: Pakistan’s Deputy Prime Minister and Foreign Minister Senator Ishaq Dar urged European companies to invest in Pakistan. He highlighted opportunities in agriculture, textiles, housing, information technology, energy, and minerals. Dar emphasized that international investment could accelerate Pakistan’s economic growth and development. Dar made the remarks during a dinner reception for Members of the European […]
Takaichi unveils $135B stimulus as markets shiver
Japan approved a 21.3 trillion yen stimulus package on Friday, marking Prime Minister Sanae Takaichi’s first major policy move since taking office. The plan reflects her pledge to use aggressive fiscal spending to revive growth. It includes 17.7 trillion yen in general account outlays and the biggest stimulus since the COVID era. Markets reacted nervously […]
PM Shehbaz moves toward industrial policy overhaul
Prime Minister Shehbaz Sharif signaled a major shift in Pakistan’s industrial policy after business leaders presented new proposals. He welcomed the recommendations during the first meeting of the Working Group on Industrialisation. He also ordered a detailed review to prepare them for inclusion in the national framework. The meeting brought together key ministers, advisors and […]
IMF warns of slow growth for G20 economies by 2030
WASHINGTON – The International Monetary Fund (IMF) has projected that the world’s 20 largest economies will grow by just 2.9% by 2030, marking their weakest medium-term outlook since the 2009 global financial crisis. The IMF cited protectionism, policy uncertainty, and fiscal pressures as key factors constraining growth. Read More: IMF warns corruption threatens Pakistan’s economic stability […]
NFC meeting delayed again as growth outlook dips
ISLAMABAD: The first session of the newly formed National Finance Commission (NFC) remains nowhere on the horizon, with the latest proposed date of November 18 quietly pushed back. The delay comes as the government revises the economic growth forecast downward by up to 0.7 percentage points, setting the new estimate at 3.5 per cent for […]
Hanif Abbasi vows railways reforms to boost trade and connectivity
LAHORE – Minister for Railways Hanif Abbasi on Tuesday said that Pakistan Railways is committed to reducing operational costs and enhancing connectivity to facilitate the business community and strengthen the national economy. Speaking at the Lahore Chamber of Commerce & Industry (LCCI), Abbasi said Pakistan has regained its global reputation as a peace-loving nation, adding, […]
LCCI urges urgent interest rate cut to prevent further economic instability
LAHORE, October 28 —President of the Lahore Chamber of Commerce & Industry (LCCI), Faheem-ur-Rehman Saigol, has said that the State Bank’s decision to keep the interest rate at 11% is harmful for the economy. He said that the rate should have been reduced by at least 2% to boost business activities in the country. In […]
PM announces discounted power package for industries and farmers
ISLAMABAD – Prime Minister Shehbaz Sharif on Thursday announced a discounted electricity package for the industrial and agricultural sectors, aimed at boosting productivity, exports, and employment. The prime minister unveiled the initiative during a meeting with experts and business community representatives from both sectors. Under the package, additional electricity will be provided to industries and […]
PM Shehbaz unveils Roshan Economy Electricity Package at Rs 22.98 per unit
ISLAMABAD – Prime Minister Shehbaz Sharif on Thursday announced the Roshan Economy Electricity Package to provide additional electricity to the industrial and agricultural sectors at a subsidized rate of Rs 22.98 per unit for the next three years. The package, set to be implemented from November 2025 to October 2028, will reduce the existing power […]