Finance Minister Muhammad Aurangzeb has said that Pakistan’s target of over 4% economic growth this year is now difficult to achieve due to the impact of recent floods. Speaking to Chinese media, he explained that despite the challenge, the government remains hopeful of achieving around 3.5% GDP growth by the end of the fiscal year. […]
economic growth
PSX Market Surges as IMF Nears Staff-Level Agreement with Islamabad
KARACHI – The Pakistan Stock Exchange (PSX) opened on a strong note on Thursday after reports of significant progress between the International Monetary Fund (IMF) and the Government of Pakistan on key economic reviews. The KSE-100 index jumped 1,382.51 points to reach 166,647.25 points, marking an increase of 0.84% as optimism spread across the trading floor. […]
WB lauds Pakistan’s push for inclusive growth
The World Bank has commended Pakistan’s efforts to promote inclusive economic growth and human development. Ousmane Dione, the Bank’s Vice President for the MENAAP region, concluded a three-day visit to the country on Friday. This was his first official visit since Pakistan joined the newly expanded regional group. During his meetings with Prime Minister Shehbaz […]
PM Shehbaz: No economic growth without system reforms
Prime Minister Shehbaz Sharif on Friday said Pakistan must change its outdated governance system. He explained that modern, digital reforms are necessary for real economic growth. He chaired a key meeting in Islamabad to review the performance of federal ministries. He said no country can move forward using systems that are 70 years old. At […]
Pakistan unveils green maritime strategy to modernize ports and fisheries
Pakistan is rolling out a new maritime strategy focused on green ports and climate-resilient infrastructure. Federal Minister Muhammad Junaid Anwar Chaudhry announced this after high-level review meetings. The government aims to cut environmental harm while boosting economic growth through sustainable port upgrades and maritime reforms. At Port Qasim Authority, officials reviewed a 10-year plan to […]
Govt’s new tariff policy to reduce import duties, boost economic growth
The government of Pakistan, under Prime Minister Shehbaz Sharif’s leadership, has decided to reduce import duties significantly as part of a broader strategy to attract foreign investment, promote exports, and stabilize the economy. In a crucial meeting on the National Tariff Policy held on Friday, the government approved the phased elimination of additional customs duties […]
SBP’s dollar buying unsustainable, economy may grow below 2%: Hafeez Pasha
Former finance minister Dr. Hafeez Pasha has warned that the State Bank of Pakistan’s dollar buying from informal markets is not a sustainable solution. He said this policy, aimed at stabilising the rupee, hurts exporters and discourages economic growth. Exporters now face a heavy 29% tax under IMF terms, while countries like India and Bangladesh […]
US tariffs prompt economic growth slowdown for India
India’s economic growth is likely to slow down due to new tariffs imposed by the United States. Analysts estimate a decline of 20 to 40 basis points in the ongoing financial year. President Donald Trump recently announced a 26% reciprocal tariff on Indian goods. This could affect the Reserve Bank of India’s (RBI) projected growth […]
Pakistan secures $20 billion world bank support for economic growth
Finance Minister Muhammad Aurangzeb met with the World Bank team to discuss Pakistan’s 10-year Country Partnership Framework (CPF), backed by a $20 billion commitment. The meeting, held at the Finance Division, focused on investment financing for economic reforms and was attended by senior officials from the Ministry of Finance and the Federal Board of Revenue […]
PM Shehbaz confident in resolving tax cases, boosting economic growth
Prime Minister Shehbaz Sharif expressed optimism about resolving Rs400 billion in pending tax cases, citing a recent court ruling that provided Rs23 billion in relief. Speaking at a cabinet meeting, he highlighted key reforms, including e-governance, FBR digitalisation, and an increase in foreign exchange reserves from $4 billion to $12 billion. Sharif called state-owned enterprises […]