Pakistan Economy
Saudi Arabia Extends $1B Oil Facility, Rolls Over $5B Deposits for Pakistan
In a major boost to Pakistan’s struggling economy, Saudi Arabia has agreed to roll over $5 billion in deposits and extend a $1 billion oil…
Crude Oil Prices Jump 4% After US Sanctions on Russia
Global crude oil prices jumped sharply on Thursday, climbing over 4% after the United States imposed sanctions on Russian oil refineries, raising concerns over global…
Federal Tax Ombudsman Resolves 57,000 Tax Complaints in Four Years
The Federal Tax Ombudsman (FTO) has achieved a historic milestone by resolving 57,000 taxpayer complaints in just four years surpassing the total of 37,000 cases…
Gold Prices Drop Again in Pakistan as Global Rates Fall
Gold prices in Pakistan dropped further on Thursday, following the downward movement in international markets. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA),…
FBR and IMF Agree to Cut Pakistan’s Tax Collection Target
The Federal Board of Revenue (FBR) and the International Monetary Fund (IMF) have reportedly agreed to reduce Pakistan’s tax collection target by Rs150 billion. The…
Current Account Surplus Hits $110 Million in September
Pakistan’s current account surplus reached $110 million in September, marking a sharp turnaround from the previous months’ deficits, according to data released by the State…
Pakistan Records $594 Million Current Account Deficit in 1QFY26
Pakistan’s current account deficit widened to $594 million in the first quarter of FY26, compared to $502 million in the same period last year, according…
Gold Prices Tumble in Pakistan for 2nd Day as Global Trends Shift
Gold prices in Pakistan continued their downward trend for the second consecutive day, reflecting losses in the global bullion market amid a stronger dollar and…
Pakistan’s Gold Reserves Cross $9 Billion Amid Global Bullion Surge
Pakistan’s gold reserves have surged to nearly $9 billion, driven by a global rally in bullion prices. The increase is largely valuation-driven, not due to…
Muhammadi Exchange Company’s FX License Revoked by State Bank of Pakistan
The State Bank of Pakistan (SBP) has revoked the authorization of M/s Muhammadi Exchange Company (Pvt.) Ltd. to operate in the foreign exchange business, effective…
Pakistan Floods 2025 Cause $2.9B Economic Loss
Pakistan’s economy has suffered an estimated loss of $2.9 billion (Rs. 822 billion) due to the devastating 2025 floods, according to Federal Minister for Planning…
Gold Rally Lifts Pakistan’s Reserves to Near Record Highs
Pakistan’s foreign reserves have surged close to record highs, driven by the global gold rally that has strengthened the country’s external position. According to data…
Pakistan’s Trade Deficit Jumps 34% in Latest Quarter
Pakistan’s trade deficit has jumped 34% in the latest quarter due to a drop in exports and a significant rise in imports, raising concerns about…
