ISLAMABAD: Remittances from overseas Pakistanis reached a record $38.3 billion in FY25, rising more than 26 percent from the previous year, according to the State Bank of Pakistan. While these inflows have bolstered foreign exchange reserves and household consumption, experts warn that excessive dependence on remittances poses long-term economic and social risks. Read More: Remittances […]
Exports
KP business leaders warn of heavy losses from prolonged Afghan border closure
Business leaders in Khyber Pakhtunkhwa (KP) have sounded the alarm over the prolonged border closure of Pakistan’s trade routes with Afghanistan, warning that the disruption has caused massive economic losses at both regional and national levels. Trade crossings have remained largely shuttered for more than three months, severely affecting exports, commerce, transportation and government revenue. […]
Panel proposes urgent reforms to boost exports and avoid future IMF loans
A panel appointed by Prime Minister Shehbaz Sharif has recommended urgent reforms aimed at improving the ease of doing business and sharply increasing exports, in a bid to avert another International Monetary Fund (IMF) programme once the current arrangement ends in 2027. The committee, led by Planning Minister Ahsan Iqbal, warned that Pakistan’s current economic […]
PBF proposes steps to strengthen agri yield, exports
The Pakistan Business Forum (PBF) presented a set of proposals to the government for strengthening agricultural production and boosting agro-based exports. PBF Chief Oraniser Ahmad Jawad told media here Sunday that in view of the repeated floods, climate shocks, and financial stress faced by farmers and exporters, the PBF strongly recommends that the normal tax […]
Shehbaz seeks faster tax refunds to support exporters amid declining shipments
Prime Minister Shehbaz Sharif has directed concerned departments to ensure swift payment of tax refunds to exporters, warning that delays would not be tolerated as Pakistan grapples with a prolonged dip in merchandise exports. Chairing a meeting on export promotion in Islamabad on Wednesday, the premier emphasized the importance of institutional reforms, enhanced facilitation, and […]
PM Shehbaz orders expedited reforms to boost exports
Prime Minister Muhammad Shehbaz Sharif on Wednesday directed to expedite institutional reforms regarding increase in exports and provision of facilities to exporters amid expressing zero tolerance for negligence regarding tax refund to the exporters. The prime minister chaired a review meeting on promotion of exports and issued directives to prepare a plan of action pertaining […]
PM directs comprehensive strategy to boost agri exports
Prime Minister Muhammad Shehbaz Sharif on Tuesday directed authorities to formulate a comprehensive five-year strategy to boost agricultural exports. He emphasized that reforming the agriculture sector and educating farmers on international standards were top priorities of the government. The prime minister was chairing a meeting of a Working Group comprising private sector experts. The working […]
Pakistan’s services exports jump 17% in July–November
ISLAMABAD: Pakistan’s exports of services rose 16.77 per cent during the first five months (July–November) of the 2025-26 fiscal year, buoyed mainly by growth in information technology and related sectors. Read More: Pakistan’s services exports rise 16%, deficit widens Data from the Pakistan Bureau of Statistics shows that services exports reached $3.833 billion during July–November, up […]
PM Shehbaz Sharif urges easy bank loans to boost SMEs
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Monday directed authorities to accelerate efforts to provide small and medium enterprises (SMEs) with loans on easier terms through banks and other financial institutions. Read More: PM orders easy loans for SMEs to boost economy Chairing a meeting on SME development, the premier praised Special Assistant Haroon Akhtar and the newly elected […]
Services exports increase by 16.77% to $3.83 billion
The exports of services during the first five months of the current fiscal year increased by 16.77 percent as compared to the exports of the corresponding period of the last year, Pakistan Bureau of Statistics (PBS) reported. During July-November 2025-26, exports of services were recorded at $3.833 billion as against the exports of $3.283 billion […]