Pakistan’s inflation is expected to remain in double digits during June, with the Ministry of Finance estimating the annual rate between 11% and 12% in its latest monthly economic outlook report. The forecast highlights that price pressures continue to weigh on households despite broader signs of economic improvement. The report also showed that the country’s […]
IT Exports
Pakistan emerging as global information technology powerhouse: PM
Prime Minister Shehbaz Sharif said Pakistan was rapidly advancing towards a complete digital transformation through major investments in technology infrastructure, skilled youth and modern communication systems. In his message on World Telecommunication and Information Society Day, he emphasised that the country was steadily strengthening its position as a global information technology hub. Moreover, he praised […]
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 […]
Pakistan’s export strategy boosts investor confidence: Finance minister
Pakistan has entered a stable economic phase as export-led growth gains momentum, Finance Minister Muhammad Aurangzeb said. He said strong reforms restored global and local investor confidence. The shift marks a move away from crisis management toward sustainable growth. Speaking to USA Today, Aurangzeb said consistent policies rebuilt economic credibility. As a result, Pakistan posted […]
PM orders action plan to boost IT exports to $30 billion
ISLAMABAD: Prime Minister Shehbaz Sharif praised the IT Ministry for crossing the $3.8 billion export mark. He now wants a strong plan to reach $30 billion. At a meeting on Friday, he reviewed projects from the IT Ministry and NITB. He said digitization is key for Pakistan’s economic growth. He also called for hiring top […]
Digital Pakistan delivers $3.8B export boost
Pakistan’s IT exports reached a record high of $3.8 billion in the financial year 2024-25. This marks an 18% increase compared to the previous year, when exports stood at $3.2 billion. The data was released by the State Bank of Pakistan (SBP), showing strong growth in IT and IT-enabled services. The IT sector became the […]
PM Shehbaz calls economic indicators ‘satisfactory’, urges unity for growth
ISLAMABAD: Prime Minister Shehbaz Sharif said that Pakistan’s economic indicators are “satisfactory,” and now is the time to move forward. He highlighted growth in exports, remittances, and IT exports, expressing optimism about Pakistan’s economic direction. Addressing a federal cabinet meeting before the budget presentation, the Prime Minister emphasized the resilience shown by the nation over […]
Pakistan posts $1.9 billion current account surplus, boosted by remittances and IT exports
In a rare economic turnaround, Pakistan recorded a $1.9 billion current account surplus during July-April FY2025. This marks a sharp contrast to the $1.3 billion deficit in the same period last year. The Ministry of Finance described this as a “historic achievement”, last seen only in 2003 when the surplus hit $4.1 billion. Finance Minister […]
Pakistan’s IT exports jump 19% in february, reach $2.48 billion in FY25
Pakistan’s information technology (IT) exports grew by 19% year-on-year, reaching $305 million in February 2025. This marks the 17th consecutive month of export growth since October 2023. However, compared to January, IT exports saw a slight 3% decline, mainly due to fewer working days in February. Despite this monthly dip, the daily export proceeds rose […]