Pakistan Economy
Pakistan Fiscal Deficit Reaches 1.2% of GDP in 1HFY25, Mark-Up Payments Soar
Pakistan has recorded a fiscal deficit of 1.2 percent of GDP, amounting to Rs1,538 billion during the first six months of the ongoing fiscal year…
Fitch Ratings Highlights Pakistan’s Progress Toward IMF Commitments
ISLAMABAD: Pakistan is making steady progress in restoring economic stability and rebuilding external buffers, according to Fitch Ratings. The agency emphasized that successful implementation of…
Digital Payment Share Reaches 87% of Total Retail Transactions; SBP Report
Karachi: The State Bank of Pakistan (SBP) has reported a significant shift toward digital payments, with digital channels now processing the majority of retail transactions…
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…
Internet Slowdown Causes Pakistani Freelancers to Lose 70% of Work
The ongoing internet slowdown in Pakistan has hit the freelancing sector hard, with online workers reporting a dramatic 70% reduction in work opportunities. The nationwide…
Rs. 39.67 Million Revenue Loss Linked to Lapsed IT Company Registrations, Audit Reports
The non-renewal of registrations for thousands of IT companies has resulted in a substantial revenue loss of Rs. 39.67 million for the Pakistan Software Export…
FBR Deals with a Rs. 255 Billion Tax Deficit in the First Five Months of FY25
The Federal Board of Revenue (FBR) is expected to fall short of its tax collection goal by more than Rs. 255 billion in the first…
Business is booming: Pakistan bags Top 10 ranking in business environment improvement
Pakistan is becoming a more business-friendly place, a fact that is now being backed up by its impressive surge through the international rankings in terms…
Pakistan’s startup ecosystem rises to second position in South Asia
The Pakistani startup space has had an incredible year, having moved up the ladder to 75th position worldwide and 2nd in the South Asian region,…
Pakistan’s IT sector exports outperform all other sectors, with a 5 yearly revenue growth of 18.85%
According to the annual Pakistan Economic Survey FY 2020-21, during the first two quarters of FY 2020-21, the overall investment in the Telecom sector exceeded…
94% of Pakistanis have no idea what GDP is
We talk quite a fair bit here about how Pakistan’s economy is faring, especially ever since the global coronavirus pandemic which had a tremendous impact…
Facebook says reliable internet connectivity is critical to Pakistan’s economic development
In an online seminar titled “Urban Connectivity Solutions for an Inclusive Digital Economy” organised by Facebook in collaboration with local partners, Facebook’s Director, Network Investments…
Pakistan’s economy to rebound this year: Asian Development Bank
Pakistan’s economic growth is expected to rebound this year before gaining pace in 2022 said the Asian Development Bank, as business activity in the country…
