Pakistan Economy
SBP Lowers Interest Rate to 11% on Inflation Relief
The State Bank of Pakistan (SBP) has lowered the policy rate by 100 basis points, bringing it down to 11 percent, effective May 6, 2025.…
SBP Prepares for Crucial Monetary Policy Meeting Next Week (Rate cuts?)
The SBP monetary policy meeting has been scheduled for Monday, May 5, 2025, with growing anticipation of a potential interest rate cut, according to local…
Gold Prices See Biggest Drop Ever in Pakistan, Fall to Rs352,000 per Tola
In an unprecedented market shift, gold prices in Pakistan have plummeted to historic lows, recording the steepest single-day drop ever, while silver prices have shown…
Fitch Upgrades Pakistan Credit Rating to ‘B-‘ with Stable Outlook
ISLAMABAD: Fitch on Tuesday upgraded Pakistan credit rating to ‘B-‘ from ‘CCC+’, reflecting increased confidence in the country’s fiscal consolidation efforts, economic policy credibility, and…
FBR Registered Businesses Cross 12.5 Million as Tax Base Expansion Gains Momentum
ISLAMABAD: The number of FBR registered businesses has officially crossed 12.5 million, according to figures presented in the National Assembly, marking a significant milestone in…
Pakistan Secures IMF Staff-Level Agreement for $1.3 Billion Loan
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
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
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…
