NEW YORK/NEW JERSEY: Prime Minister Shehbaz Sharif has said Pakistan’s economy is stabilizing at the micro level, with inflation falling into single digits and the policy rate reduced to 11%, compared to 32% inflation and a 22.5% interest rate just a year and a half ago. Speaking to the media after his address to the […]
Pakistan's economy
World Bank Calls for Reforms in Pakistan’s Economy
ISLAMABAD: Pakistan’s decades-old growth model has reached its limits, leaving millions vulnerable as poverty rises again after years of decline, according to a new World Bank report. The report highlights stark social realities: nearly 40 percent of children are stunted, one in four of primary school age remains out of school, and three-quarters of […]
Shehbaz Sharif hails China’s role in Pakistan’s revival
Prime Minister Shehbaz Sharif praised China on Thursday for standing by Pakistan in every difficult time. He said China played a key role in helping Pakistan’s economy recover during his speech at the China-Pakistan B2B Investment Conference. He highlighted major Chinese-backed projects like the Orange Line and dams, calling them proof of China’s fulfilled promises. […]
Pakistan’s GDP to grow over 3% in FY26, says SBP
The State Bank of Pakistan (SBP) Governor, Jameel Ahmad, said Pakistan’s economy is more stable with growth projected at 3.25% to 4.25% in FY2026. He spoke at the Pakistan Textile Council’s annual meeting in Karachi. The governor highlighted the country’s economic progress and stressed continued efforts to maintain stability. Jameel Ahmad shared that foreign exchange […]
Dubai Islamic Bank fuels Pakistan’s economy with $1bn deal
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 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 […]