Largest recipient of ADB: Pakistan took loans worth $5.58bn in 2022
Amounts received include $2.67bn concessional funding. Largest recipient of ADB: Pakistan took loans worth $5.58bn in 2022. Owing to the…
Economy
Follow the latest economy news, inflation updates, currency movements, interest rates, trade, taxation, employment, government budgets, energy prices, and financial policy developments from Pakistan and around the world. Get clear reporting and analysis on the economic indicators and decisions that affect households, businesses, investors, and national growth. Economic coverage commonly includes policy, jobs, trade, banks, inflation, taxes, and broader economic conditions.
Current account posts surplus for first time since Nov 2020
During the last nine months, CAD has declined 74.1% year-on-year. Current account posts surplus for first time since Nov 2020….
Pakistan shares plan to secure $3bn financing with IMF
Islamabad has informed IMF about its plan to secure a $450m RISE-II loan. Pakistan shares plan to secure $3bn financing…
IMF ‘expresses confidence’ in reaching staff-level agreement with Pakistan ‘soon’
IMF official hopes Pakistan will complete programme in time. IMF ‘expresses confidence’ in reaching staff-level agreement with Pakistan ‘soon’. The…
Pakistan’s economic crisis likely turning into catastrophe, Atif Mian warns
Economist blames “foolish policy choices” for economic woes. Pakistan’s economic crisis likely turning into catastrophe, Atif Mian warns. Economist Atif…
SBP jacks up key rate to record high of 21%
Inflation measured by the Consumer Price Index (CPI) reached an all-time high of 35.37 per cent year-on-year. SBP jacks up…
China rolls over $2bn loan to Pakistan, Dar confirms
“I am happy to confirm that this had been rolled over,” Dar says. China rolls over $2bn loan to Pakistan,…
SBP-held reserves fall to less than a month’s import cover
Forex reserves have decreased by $345m to $4.2bn. SBP-held reserves fall to less than a month’s import cover. As Pakistan…
Pakistan exits European Union’s ‘List of High-Risk Third Countries’
Islamabad was placed on the infamous list back in 2018, after which several regulatory restrictions were imposed on Pakistan. Pakistan…
IMF rejects govt’s proposal to increase BISP coverage
IMF asks Pakistan to use data to provide targeted subsidies. IMF rejects govt’s proposal to increase BISP coverage. The government’s…