Prime Minister Shehbaz Sharif has announced a significant reduction in fuel prices, lowering high-speed diesel (HSD) by Rs135 per litre and petrol by Rs12 per litre, in what he described as a moment of economic relief for the public. Read More: Petrol will now cost Rs 458 per litre, diesel Rs 520 In a televised address to the nation, […]
economy
Pakistan and Saudi Arabia agreed to deepen strategic partnership
Pakistan and Saudi Arabia have agreed to further strengthen their strategic partnership, with both sides committing to expand cooperation in trade, investment, and broader economic development. Read More: Pakistan reassures Saudi Arabia of unwavering support The understanding was reached during a high-level meeting between Prime Minister Shehbaz Sharif and Saudi Arabia’s Minister of Finance, held at the Prime […]
Gold prices drop sharply in Pakistan
Gold prices in Pakistan witnessed a significant decline on Thursday, with the rate per tola dropping by Rs 9,500, reflecting fluctuations in both local and international markets. Read More: Gold prices continued their upward trend in local market According to the All Pakistan Gems and Jewellers Association, the new price of gold per tola stands at […]
National economy shows resilience amid regional challenges: report
The government on Tuesday highlighted significant economic gains achieved during the ongoing fiscal year, citing improved macroeconomic stability, fiscal consolidation, and strengthening external sector indicators. According to the Monthly Economic Update & Outlook for March 2026, released by the Finance Division, the national economy demonstrated encouraging progress across key sectors during the first eight months […]
Pakistan cuts development budget by 10% to fund fuel subsidy
ISLAMABAD — The government of Pakistan has reduced the current fiscal year’s development budget by 10%, trimming the Public Sector Development Programme (PSDP) from Rs1,000 billion to Rs900 billion, with the savings earmarked for austerity measures and fuel subsidies, The News reported on Thursday. Read More: Pakistan proposes Rs4,083 billion national development budget The decision comes amid […]
Government releases Rs27bn to keep petrol prices lower
The government of Pakistan has released an initial Rs27 billion to support efforts aimed at maintaining lower petrol prices for consumers amid rising global oil costs. The move is part of a broader strategy to shield the public from inflationary pressures linked to international energy markets. Read More: Petrol pumps threaten nationwide shutdown The funds have […]
Gold prices surge sharply after record drop in Pakistan
KARACHI — Gold prices in Pakistan rebounded sharply on Tuesday, registering a significant increase just a day after a record decline in the domestic market. According to the All Pakistan Gems and Jewellers Association, the price of gold per tola surged by Rs16,300, reaching Rs464,062. The sharp rise reversed part of the heavy losses recorded […]
Pakistan’s Economy Is Built for Survival, Not for Scale
Pakistan is not a failed economy. It is a deliberately small one. That sentence will offend some, anger others, and unsettle many. But it is closer to the truth than the endless debates about IMF programmes, exchange rates, or budget deficits. Pakistan does not lack money. It does not lack talent. It does not lack […]
Pakistan’s state-owned enterprises losses surge in FY25 despite profit gains elsewhere
ISLAMABAD: Pakistan’s state-owned enterprises posted sharply higher losses in FY2025, with aggregate net losses surging by 300% year-on-year, according to a finance ministry report cited by The News on Saturday. Read More: SOE financial losses surge threefold despite reforms Overall net losses rose to Rs123 billion in FY25, compared with Rs30.6 billion in FY24. A […]
Economy to grow up to 4.75% in FY26, says SBP chief
State Bank of Pakistan (SBP) Governor Jameel Ahmad on Thursday said the country’s economy is projected to grow between 3.75% and 4.75% in FY26, signalling a gradual recovery amid improving macroeconomic indicators. The central bank chief’s remarks came during the Agricultural Credit Advisory Committee (ACAC) meeting held to review the performance of agricultural loans. SBP […]