#PakistanEconomy Archives - Page 3 of 9

IMF Billion Tranche Talks End Successfully

IMF $1 Billion Tranche Talks End Successfully

ISLAMABAD: Finance Minister Muhammad Aurangzeb announced that Pakistan's negotiations with the International Monetary Fund (IMF) for a $1 billion tranche have concluded successfully. An official statement from the IMF is…

Admin March 15, 2025

Pakistan

Moody’s upgrades outlook for Pakistan’s banking sector to positive

Moody’s, a leading global credit rating agency, has upgraded Pakistan’s banking sector outlook from stable to positive, citing stronger financial performance and a recovery in macroeconomic conditions following last year’s…

Admin March 12, 2025

Buisness

Pakistan’s exports to the US rise 11.23% in seven months of FY25

ISLAMABAD: Pakistan's exports of goods and services to the United States witnessed an 11.23% increase during the first seven months of the fiscal year 2024-25 compared to the same period…

Admin March 12, 2025

Buisness

Passenger Car Sales Surge 44.6% in First Eight Months of Fiscal Year Amid Rising Demand

KARACHI: Passenger car sales in Pakistan witnessed a significant surge of 44.6%, reaching 67,135 units in the first eight months of the current fiscal year. This growth, compared to the…

Admin March 12, 2025

Buisness

Govt Moves Forward with Roosevelt Hotel Privatisation Through Open Bidding

ISLAMABAD: The government has directed the Privatisation Commission to proceed with the privatisation of the Roosevelt Hotel in New York through competitive bidding, leaving the decision on whether to pursue…

Admin March 12, 2025

Remittances could reach a record B this year.

Buisness

Remittances could reach a record $36B this year.

ISLAMABAD: Finance and Revenue Minister Senator Muhammad Aurangzeb provided a detailed update on Pakistan’s economic progress on Tuesday, emphasizing a surge in remittance inflows, rising investor confidence, and the positive…

Admin March 12, 2025

Pakistan

PIA privatization scheduled for July, IMF informed.

ISLAMABAD: The government has assured the International Monetary Fund (IMF) of finalizing the sale of Pakistan International Airlines (PIA) by July. However, the future of the Roosevelt Hotel in New…

Admin March 11, 2025

Buisness

SBP Keeps Key Interest Rate at 12%

The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) announced on Monday that it has decided to maintain the policy rate at 12%. In its official statement, the MPC…

Admin March 10, 2025

Buisness

Government to Launch Digital Prize Bonds for Safer Transactions

The government is set to launch digital prize bonds, which will be managed through a mobile application and linked directly to bank accounts or Central Directorate of National Savings (CDNS)…

Admin March 9, 2025

Buisness

Tax Rationalization Essential for Boosting Exports: Pakistan Textile Exporters Association

ISLAMABAD: The value-added textile and apparel industry has called on the government to reduce tax rates to enhance export competitiveness. This request was included in a series of recommendations presented…

Admin March 9, 2025