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's economy
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 […]
US tariffs pose no major threat to Pakistan’s economy, says finance minister
Finance Minister Muhammad Aurangzeb has assured the business community that the recent US tariff developments are manageable for Pakistan. Speaking during a visit to the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), he expressed confidence that Pakistan’s economic ties with the US remain stable and constructive despite global uncertainties. He highlighted that Pakistan’s […]
ADB forecasts 2.5% growth for Pakistan’s economy in FY2025
Pakistan’s economy is expected to grow by 2.5% in fiscal year 2025, according to the Asian Development Bank (ADB). This growth is similar to the previous year, reflecting the impact of macroeconomic policies and reforms. The ADB’s April 2025 report states that Pakistan’s growth rate is projected to rise to 3.0% in fiscal year 2026. […]
Getting out of the FATF grey list would help stabilize Pakistan’s economy
According to the Josh, the FATF is an independent intergovernmental body that develops and promotes policies to protect the Global Financial System against terror funding and Money Laundering activities. FATF has two types of lists one is Black list and other is Grey list. Those countries which are not cooperating in taking measures against money […]
Pakistan’s economy expected to grow by 5.6%: IMF
LAHORE: International Monetary Fund’s mission to Pakistan on Thursday said that the country’s economy is expected to grow by 5.6 percent. Led by Herald Dinger, the IMF mission to Pakistan said it welcomes the State Bank’s move to allow the currency exchange rate to adjust to market conditions, adding that a “continued exchange rate of flexibility […]