IMF
80% Chinese-Owned Processing Zone Approved in Balochistan
In the Chagai district of Balochistan, a new Export Processing Zone (EPZ) was authorized by the government. The Siah Dik Copper Project, of which China…
Pakistan’s Default Risk Drops 93% as CDS Spreads Hit Lowest Level in Years
Pakistan’s sovereign default risk has significantly reduced by 93%, with 5-year CDS spreads dropping to 505 basis points in December 2024, down from a high…
Pakistan’s Tax Revenue from Mobile Phone Users Exceeds Rs3 Trillion as Utility Prices Surge
Islamabad: The Ministry of Finance has revealed that over Rs. 3 trillion in taxes has been collected from mobile phone users in Pakistan over the…
Govt Plans Major Reduction in Net Metering Rate
The federal government is set to lower the solar net metering tariff to Rs. 7.5-11 per unit, a significant drop from the current rate of…
Report Predicts PSX Will Hit 127,000 by December 2025
The Pakistan Stock Market (PSX), fuelled by economic stability and budgetary consolidation, is expected to reach 127,000 by December 2025, representing a 37% return with…
SBP Chief Reports October Remittances Exceed $3 Billion
KARACHI: The State Bank of Pakistan (SBP) is anticipating $500 million from the Asian Development Bank (ADB) this week, and higher foreign inflows are expected…
SBP Eases Policy Rate by 2.5% as Inflation Shows Steady Decline
The Monetary Policy Committee (MPC) of the State Bank of Pakistan decided to cut the policy rate by 250 basis points to 15 percent, effective…
Record Emigration: Economic Instability Forces Pakistan’s Best and Brightest to Depart
Economic challenges are prompting skilled workers to leave Pakistan, resulting in a significant talent drain from banks, hospitals, and multinational companies. Asad Ejaz Butt, a…
First Quarter Sees 60% Decrease in Foreign Aid to Pakistan
ISLAMABAD: In the first quarter of the current fiscal year (July-September), Pakistan’s foreign assistance inflows dropped 60% to $2.3 billion, from approximately $5.73 billion in…
FBR Revenue Falls Short by Rs. 90 Billion in October
The Federal Board of Revenue (FBR) is expected to face a revenue shortfall of Rs. 90 billion in October 2024 According to FBR sources, the…
Damning World Bank report says 30% Pakistanis will slip into poverty & food insecurity will triple
A damning World Bank report has revealed that over 30% of Pakistan’s rural population is slipping into poverty, while unemployment is also rising. The report…
Ex-IMF official & State Bank’s current governor, Raza Baqir calls for an end to SBP’s accountability
The current governor of the State Bank of Pakistan (SBP), who used to oversee the IMF’s operations in Egypt, before being appointed as the SBP’s…
IMF approves $500 million tranche for Pakistan after noting “satisfactory progress”
The International Monetary Fund (IMF) approved a $500 million disbursement to Pakistan for budgetary support after its Executive Board completed delayed reviews of Pakistan’s $6…
