Pakistan Economy
Pakistan Secures IMF Staff-Level Agreement for $1.3 Billion Loan
2 min read
ISLAMABAD: Pakistan has reached a staff-level agreement (SLA) with the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) and the Resilience and Sustainability…
PM Directs Ministers to Hold Sector-Wise Consultations with Business Leaders to Drive Economic Growth
4 min read
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Friday directed the relevant ministries and authorities to engage with the businessmen and prepare within a week for…
Pakistan Fiscal Deficit Reaches 1.2% of GDP in 1HFY25, Mark-Up Payments Soar
2 min read
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
3 min read
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
3 min read
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
2 min read
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
2 min read
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
2 min read
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
2 min read
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
2 min read
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
2 min read
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%
2 min read
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
3 min read
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…
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