Pakistan asks Russia for 30-40% discount on crude oil
Russia says it could not offer anything right now as all volumes were committed. Pakistan asks Russia for 30-40% discount…
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.
Pakistan seeks support from Bank of China to bring back macroeconomic stability
Ishaq Dar urges Bank of China to expand business relations with Islamabad to deepen economic and financial relations. Pakistan seeks…
AIIB credits SBP account with $500m, Dar confirms
ADB’s financing will provide the fiscal space needed for the government to implement its countercyclical development expenditure package. AIIB credits…
PM Shehbaz asks Turkish investors to expand footprint in renewable energy
PM says Pakistan to ensure hassle-free investment environment. PM Shehbaz asks Turkish investors to expand footprint in renewable energy. Prime…
SBP hikes policy rate by 100bps to 16pc
Amid the on-going economic slowdown, inflation is increasingly being driven by persistent global and domestic supply shocks that are raising…
SBP’s reserves fall by $134m to $7.8bn
SBP-held foreign exchange reserves fall 1.7%. SBP’s reserves fall by $134m to $7.8bn. Pakistan’s foreign exchange reserves held by the…
Pakistan’s credit default swap shoots up to 92.53% amid political unrest
Five-year sovereign debt rises to highest-ever level. Pakistan’s credit default swap shoots up to 92.53% amid political unrest. The cost…
FDI in Pakistan slumps 62% to $95 million in October
Net FDI up 13% vis-a-vis $84 million in September. FDI in Pakistan slumps 62% to $95 million in October. Net…
No risk of default, remittances pouring into Pakistan, Aisha Ghaus tells NA
Pasha says govt has revived IMF programme while improvement is being seen in exports. Pakistan faced a difficult situation when…
Pakistan’s annual GDP can fall 18-20% by 2050 due to climate change risks: WB
Joint risks from intensification of climate change will further aggravate Pakistan’s economic fragility, World Bank report says. Pakistan’s annual GDP…