Dubai Islamic Bank (DIB), the largest banking institution in the UAE, has successfully finalized a syndicated term finance facility worth $1 billion with the Government of Pakistan. This significant financing deal was arranged in collaboration with a consortium of prominent regional and international financial institutions, according to an official statement released on Wednesday. The five-year […]
Pakistan's economy
Pakistan receives record $38.3 billion in remittances in FY25, surging 27%
Pakistan’s economy received a major boost in FY25, as workers’ remittances soared to a historic $38.3 billion, marking a 27% year-on-year increase from $30.3 billion in FY24. According to the State Bank of Pakistan, this $8 billion jump reflects the resilience and growing support of overseas Pakistanis amid continued economic challenges. June 2025 alone brought […]
PM hails Rs178bn recovery as FBR-IB crackdown bites into tax evasion
Prime Minister Shehbaz Sharif has praised the Federal Board of Revenue (FBR) and the Intelligence Bureau (IB) for their joint efforts in increasing tax revenues. He said such coordinated actions are vital for strengthening Pakistan’s economy, which requires unity and commitment from all state institutions. In a detailed briefing to the Prime Minister, officials from […]
Pakistan’s economic momentum grows as remittances hit $34.89 billion
Pakistan’s economy continues to strengthen for the second consecutive year under the Special Investment Facilitation Council (SIFC). Reforms and strategic investment policies have boosted confidence both locally and internationally. The country has shown progress in key areas including economic growth, trade, and investor returns. During the first 11 months of fiscal year 2024-25, remittances surged […]
Bitcoin giant praises Pakistan’s bold digital economy plans
Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), praised Pakistan’s bold steps in adopting digital assets and innovation. He attended a key meeting in Islamabad with Finance Minister Muhammad Aurangzeb and Minister of State for Crypto and Blockchain Bilal Bin Saqib. The discussion focused on how Bitcoin can support Pakistan’s economy, improve financial resilience, and […]
Ahsan Iqbal says PTI left Pakistan bankrupt, we are fixing their damage
Federal Planning Minister Ahsan Iqbal said PTI left Pakistan’s economy in ruins. He called PTI a proxy for India. He added that his government is still removing the economic problems left behind by PTI. These problems, he said, are like landmines planted in the country’s progress. Iqbal explained that when his party took power, many […]
‘Build together, grow together’: Zardari highlights path to national prosperity
ISLAMABAD – President Asif Ali Zardari has called for collective efforts to strengthen Pakistan’s economy and work toward national prosperity. Speaking at Aiwan-e-Sadr during a special Eid ul-Azha gathering with PPP leaders and workers, he emphasized that unity, development, and farmer support are key to achieving long-term stability. The president extended Eid greetings to the […]
Pakistan targets structural shift with FY26 budget, says finance minister
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Monday revealed that the government is working on a “strategic” and reform-driven federal budget for fiscal year 2025-26, aiming to go beyond the traditional approach of simply balancing revenues and expenditures. Speaking at an event in Islamabad, Aurangzeb said that Pakistan’s economy needs a fundamental shift. “The DNA of […]
Pakistan’s economy shows modest growth of 2.4% in Q3 FY2024-25
Pakistan’s economy grew by 2.4% during the third quarter (January–March) of fiscal year 2024–25, according to the Pakistan Bureau of Statistics (PBS). The data was shared following the 113th meeting of the National Accounts Committee (NAC). Although this represents positive growth, it still falls short of the government’s full-year target of 3.6%, signaling a need […]
Global financial journal calls Pakistan’s economic progress a “miracle”
A leading global financial magazine, Barron’s, has called Pakistan’s recent economic progress a “miracle” in a detailed report. The magazine is part of the Wall Street Journal group and praised Pakistan’s fast recovery from a near-default situation in 2022. It warned global investors that ignoring Pakistan now might be a mistake. The report noted many […]