Pakistan’s economic outlook is showing signs of stability and improvement as the International Monetary Fund (IMF) praised the country’s recent policy efforts under a major loan program. The IMF noted that financial and external conditions have strengthened, supported by a current account surplus in the first eight months of the …
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Pakistan’s real estate sector is bracing for a major shift as the federal government considers a sharp increase in the Capital Gains Tax (CGT) on property sales. Sources say the government is weighing a proposal to raise the current 15% CGT rate to as high as 40% in the upcoming …
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The country’s trade deficit during the period from July 2024 to April 2025 increased by 8.81%, surpassing the $21.35 billion mark, says an official data released by PBS here on Friday. The data further revealed that the trade deficit also surged in April, by 55.20% on a monthly basis to …
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There is likely rise in inflation again in the country ahead of the upcoming budget and Eid-ul-Adha. In its Monthly Economic Update and Outlook, the Ministry of Finance has released estimates related to inflation, projecting that inflation in May could potentially increase to between 3% and 4%. For the current …
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In a pivotal step toward strengthening regional cooperation in the digital economy, the Foreign Minister of Malaysia Mohamad Bin Haji Hasan met with Bilal Bin Saqib, CEO of the Pakistan Crypto Council (PCC), to explore collaborative opportunities in blockchain technology, digital assets, and Shariah-compliant finance. The meeting focused on laying …
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Governor of the State Bank of Pakistan, Jameel Ahmad Khan, stated that the disbursement of the next tranche of the IMF loan may face delays due to the ongoing two-week Spring Meetings of the International Monetary Fund (IMF) in Washington. Addressing an event held in connection with Pakistan Financial Literacy …
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The current government has assured the International Monetary Fund (IMF) that it will reduce the circular debt in the gas and electricity sectors to zero by the end of this year. As of January 2025, the circular debt in the power sector stood at Rs 2,444 billion, while in the …
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A meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs) was held today at the Finance Division under the chairmanship of the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb. Federal Minister for Housing and Works Mian Riaz Hussain Pirzada, Federal Minister for Maritime Affairs, Junaid Anwar Chaudhry, Governor …
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According to the Asian Development Bank (ADB), Pakistan’s economic growth rate is expected to remain at 2.5% in the fiscal year 2025. ADB report further said, it was noted that the growth rate could rise to 3% in the fiscal year 2026. The country’s economic situation has shown signs of …
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Federal Finance Minister Muhammad Aurangzeb, during a press conference in Islamabad, stated that the IMF delegation visiting Pakistan will not engage in discussions regarding the budget. He emphasized that a significant reduction in the interest rate has already taken place, and in his view, there is still room for further …
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