Prime Minister Shehbaz Sharif praised Federal Board of Revenue (FBR) officials for a record 5.9 million tax returns filed in FY2025. He said that 900,000 new taxpayers joining the system show strong public trust in government policies. The PM thanked citizens for fulfilling their responsibility and noted that tax reforms are delivering positive results. Sharif […]
FY2025
Pakistan’s Large-Scale Manufacturing Grows 4.44% in Early FY2025
ISLAMABAD – Pakistan’s large-scale manufacturing (LSM) sector grew by 4.44% during the first two months of the fiscal year 2025, according to the Pakistan Bureau of Statistics (PBS). The report showed that 12 major industries recorded growth, while 11 sectors saw a decline. In August 2025, industrial output was 0.54% higher than the same month […]
SBP reserves jump to $14.51 billion by end of FY2025
The State Bank of Pakistan (SBP) has released provisional data on the country’s foreign exchange reserves at the end of the fiscal year 2024–25. As of June 30, 2025, Pakistan’s total reserves with the central bank stood at $14.51 billion, showing a major rise. According to the SBP, reserves grew by $5.12 billion over the […]
ADB forecasts 2.5% growth for Pakistan’s economy in FY2025
Pakistan’s economy is expected to grow by 2.5% in fiscal year 2025, according to the Asian Development Bank (ADB). This growth is similar to the previous year, reflecting the impact of macroeconomic policies and reforms. The ADB’s April 2025 report states that Pakistan’s growth rate is projected to rise to 3.0% in fiscal year 2026. […]
Pakistan’s GDP growth shows positive momentum, reaching 1.73% in Q2
The government announced on Wednesday that Pakistan’s GDP growth rate for the second quarter of FY2024-25 reached 1.73%. This positive growth came despite ongoing challenges. The National Accounts Committee also revised the first quarter GDP estimate up to 1.34%, from 0.92%, due to stronger-than-expected growth in the services sector. The update was released just hours […]