Overseas workers’ remittances to Pakistan increased by 9% to $41.6 billion during Jul-June FY26, up from $38.3 billion in the previous fiscal year. During June, remittances stood at $3.475 billion, according to data from the State Bank of Pakistan (SBP) released on Thursday. In terms of growth, remittances declined by 18% on a month-on-month basis […]
FY26
Salaried class tops tax contributions in first seven months of FY26
ISLAMABAD – Pakistan’s salaried class has once again emerged as the single largest contributor to income tax, surpassing exporters, retailers, and property buyers and sellers combined, according to Federal Board of Revenue (FBR) data cited by The News. Read More: Government plans relief for salaried class, industries next budget In the July–January period of the current […]
Pakistan economy grows 3.71pc in Q1 FY26
Pakistan economy expanded by 3.71 per cent in the first quarter (July–September) of FY26, marking a notable improvement from the 1.56pc growth recorded in the same period last year, according to data released by the National Accounts Committee (NAC). Despite the year-on-year improvement, the pace of growth slowed compared with the previous quarter’s strong 6.17pc […]
Mobile phone imports soar 40% in early FY26
Pakistan’s mobile phone imports surged 40.5 percent in the first five months of FY2025–26. Imports reached $801.1 million during July to November. This compared with $570.2 million in the same period last year. In rupee terms, the import bill climbed to Rs226.1 billion during the period. This showed a year-on-year growth of 42.6 percent. Higher […]
Private Sector Credit Hits 3-Year High
Private sector credit in Pakistan hit a three-year high during the first five months of FY26. The State Bank reported lending crossed Rs1.2 trillion, up from Rs41 billion in the same period last year. Bankers said most loans were for short-term working capital, not long-term investment. Despite the surge, industrial growth remains slow. Analysts warned […]
Pakistan’s current account deficit widens over 250%
KARACHI: Pakistan’s current account deficit (CAD) surged by more than 255 per cent year-on-year during the first four months of FY26, driven largely by rising imports and stagnant exports, according to data released by the State Bank of Pakistan on Monday. The country recorded a CAD of $733 million in July-October, compared with $206 million […]
Pakistan’s trade deficit rises 44% in first month of FY26
Pakistan’s trade deficit surged by 44.16% in July 2025, the first month of the current fiscal year. According to the Pakistan Bureau of Statistics, the deficit reached $2.752 billion. This marks a sharp increase both on a yearly and monthly basis. The growing gap between imports and exports raises concern among economists. Exports showed some […]
IMF lowers Pakistan’s FY26 growth forecast to 3.6%
The International Monetary Fund (IMF) has projected Pakistan’s GDP growth at 3.6% for the fiscal year 2025-26, falling short of the government’s ambitious target of 4.2%. The projection was published in the IMF’s World Economic Outlook Update, released on July 29, 2025, highlighting continued economic challenges for the country. At the same time, the IMF […]