The federal government has announced significant reductions in customs duties on thousands of industrial raw materials, machinery and spare parts as part of the Budget 2026-27, aiming to lower production costs and boost industrial imports activity. According to the Finance Bill, customs tariffs on more than 7,500 items used by various industries have been revised. […]
Industrial growth
Pakistan’s Economic Survey 2025-26 shows mixed growth as key targets missed, Aurangzeb
Federal Finance Minister Muhammad Aurangzeb on Thursday unveiled the Pakistan’s Economic Survey 2025-26, acknowledging that several major economic targets, particularly in agriculture and industry, were not achieved during the outgoing fiscal year. Presenting the survey in Islamabad, the finance minister said Pakistan faced multiple challenges throughout the year, including global tariff-related uncertainty, devastating floods during […]
Pakistan’s economy signals sustained recovery
Pakistan’s economy is expected to maintain positive momentum in coming months, the Finance Ministry said Wednesday. The outlook is driven by industrial growth, improved governance, and digitalisation. The assessment was shared in the Monthly Economic Update for December 2025. According to the report, sustained growth continues across major industrial sectors nationwide. These include textiles, automobiles, […]
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 […]
Lotte Chemical sells 75% stake in Pakistan unit to Dubai firm
KARACHI: South Korea’s Lotte Chemical has sold approximately 75 per cent of its stake in its Pakistani subsidiary to Dubai-based PTA Global Holding for $68.94 million (98 billion won), the company announced on Thursday. The move is part of Lotte Chemical’s portfolio restructuring under a government-backed programme aimed at supporting loss-making petrochemical operations amid weak […]
Pakistan Revises FY25 GDP Growth to 3.04%
ISLAMABAD: The government has revised Pakistan’s economic growth rate for the ongoing fiscal year (FY25) to 3.04%, up from the earlier estimate of 2.68%, The News reported. According to updated data, the economy recorded a strong 5.66% growth in the fourth quarter (April–June), which helped lift the overall annual rate. The revised figures were approved […]
Industrial growth sparks 58% rise in electricity use
Electricity consumption soared by 35% to 58% in the last quarter of fiscal year 2025. This sharp rise ended a two-year decline. The major reason was a strong increase in industrial demand. The Power Division credited the growth to the return of captive power users to the national grid, improved economic indicators, and recent power […]
Government allocates funds for new industrial development projects in upcoming budget
The government has announced plans to allocate significant funds in the next fiscal year’s budget to promote industrial growth and development across Pakistan. These initiatives focus on creating special economic zones and expanding industrial units to boost manufacturing and employment. One key proposal is the allocation of Rs. 500 million for establishing a Special Economic […]
Industrial growth priority agenda for sustainable economy, Says Khusro Bakhtiar
ISLAMABAD: Federal Minister for Industries and Production, Makhdoom Khusro Bakhtiar, on Thursday, said that Industrial growth and enhancing production is the priority agenda for sustainable economic development in the country. Makhdoom Khusro Bakhtiar held a virtual meeting with the Pakistan Business Council (PBC), a private sector business policy advocacy forum, said a press release […]