Lahore: Renowned businessman and sports investor Hamza Majeed, who has arrived in Pakistan from Australia, has formally entered the bidding process to acquire a new franchise in the Pakistan Super League (PSL). Expressing his strong commitment to the promotion of cricket and the country’s economy, Majeed said he aims to contribute meaningfully to Pakistan’s sports […]
Pakistan's economy
South Belt Manufacturing Can Boost Pakistan
a21 Pakistan’s economy depends heavily on consumption and imports, limiting sustainable growth. Experts say South belt manufacturing offers a stronger export-driven path. Shifting investment toward export industries can reduce reliance on foreign exchange shortages. This change is critical for long-term economic stability. However, experts stress the issue is not more textiles or random factories. Instead, […]
Flood impact to hold Pakistan’s growth at 3pc: World Bank
ISLAMABAD – The World Bank has projected Pakistan’s economic growth to stay at three per cent in fiscal year 2026. The bank said the lingering impacts of recent floods would continue to weigh on agriculture and industry. In its report, “Staying the Course for Growth and Jobs,” the WB noted that Pakistan’s economy expanded by […]
Pakistan’s economic recovery gains pace, inflation under control
Pakistan’s economy is showing clear signs of recovery, according to the latest Monthly Economic Update and Outlook Report released by the Ministry of Finance. The report says that the first quarter of the fiscal year 2025–26 saw steady growth, supported by strong policy measures, fiscal discipline, and structural reforms. It highlights that economic activities remained […]
Saudi Arabia backs Pakistan with $6B in oil and deposits
Pakistan’s economy received a major boost as Saudi Arabia agreed to provide a $1 billion oil facility this fiscal year. The finance ministry confirmed the extension, which will help Pakistan meet oil import needs without immediate payment pressure. The facility is part of Saudi Arabia’s ongoing economic partnership with Pakistan, supporting energy security and fiscal […]
IMF warns floods to slow Pakistan’s growth, push up inflation
The International Monetary Fund (IMF) has warned that recent floods could seriously hurt Pakistan’s economy. Growth may slow, inflation may rise, and the current account deficit could widen. These effects follow major flooding during the third quarter of 2025. The IMF shared its findings in its latest Regional Economic Outlook report for the Middle East […]
Pakistan’s economy grows 3.04% in FY2025, hits $407 billion mark
Pakistan’s economy grew by 3.04% in the fiscal year 2025, surpassing the previous estimate of 2.68%, the Pakistan Bureau of Statistics announced. This growth reflects improvements across key sectors such as agriculture, industry, and services. The National Accounts Committee (NAC) shared updated data during its latest meeting, highlighting the country’s steady economic progress. Agriculture growth […]
World Bank sees 2.6% growth for Pakistan despite floods
The World Bank has forecasted Pakistan’s GDP growth at 2.6% for fiscal year 2025-26. This prediction reflects the damaging effects of recent floods on the country’s agriculture sector. In the previous year, Pakistan’s economy grew by 2.7%, a slight increase from 2.5% in 2023-24. However, the floods are expected to cause a major decline in […]
Pakistan’s economy rebounds as remittances hit $6.35bn
Pakistan’s economy showed signs of improvement as remittances rose by 7% between July and August 2025, reaching $6.35 billion. This growth reflects stronger support from overseas Pakistanis. The government released a report on Tuesday highlighting these positive economic indicators. Increased remittances have helped ease pressure on the country’s foreign reserves. Meanwhile, exports grew by 10.2%, […]
ADB forecasts Pakistan’s growth at 3 percent
Pakistan’s economy showed improved stability in FY2025 as growth picked up, supported by increased investment and reforms that strengthened macroeconomic conditions. According to the Asian Development Outlook, gross domestic product growth is projected at 3.0 percent in FY2026, with momentum expected to continue through sustained reform and policy consistency. The report highlighted that reforms implemented […]