HeadlinesAurangzeb sees tax-to-GDP ratio climbing to 10.6% as reform drive gains momentum
Finance minister highlights progress on fiscal stability, structural reforms, and reserves outlook during S&P Global Ratings review
May 2, 2025
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Headlines
HeadlinesSBP reserves inch up to $10.21 billion after last week’s sharp dip
Minor $9 million uptick offers slight relief following a $367 million fall that pushed reserves to a seven-month low
May 2, 2025
HeadlinesOMC sales jump 32% YoY in April as economic activity rebounds
Motor Spirit and Diesel drive growth; PSO, APL, and Wafi post solid gains while HASCOL leads in YoY surge
May 2, 2025
World Business NewsTrump proposes $163B budget cut, slashing non-military spending
According to a statement from OBM, the budget plan would eliminate more than a fifth of non-military spending, excluding mandatory program
May 2, 2025
World Business NewsTrump repeats demand for rate cuts, says 'no inflation' present
The Federal Reserve keeps its benchmark interest rate at 4.25–4.50% as it aims to bring inflation down to its 2% target
May 2, 2025
World Business NewsDollar declines against yen, euro, and yuan on Friday
Despite the dip, the dollar remains on track for a weekly gain against nearly all major currencies
May 2, 2025
EconomySBP likely to hold policy rate at 12% despite easing room: Bloomberg Economics
Rising imports, IMF uncertainty, and fiscal risks to keep central bank cautious
May 2, 2025
World Business NewsOil prices fall as traders adjust ahead of OPEC+ meeting and U.S.-China trade talks
Brent crude futures decline by 0.9% to $61.57 per barrel, while U.S. West Texas Intermediate crude futures fall 1% to $58.63 per barrel
May 2, 2025
World Business NewsMexico to gradually cut work week to 40 hours by 2030
Currently, Mexico's work week is set at 48 hours
May 2, 2025
TechSpotify app update allows external link for purchases in US, bypassing Apple
The judge finds that Apple fails to comply with a previous order stemming from an antitrust lawsuit filed by "Fortnite" creator Epic Games
May 2, 2025
World Business NewsUN reports global food prices rose in April
The FAO Food Price Index rises to 128.3 in April, up 1% from 127.1 in March, 7.6% higher year-on-year, and 20% below the March 2022 peak
May 2, 2025
TechGoogle to argue against ad tech breakup in U.S. antitrust hearing
U.S. DOJ proposes that Google divests part of its ad tech business which contains its ad exchange and publisher ad server
May 2, 2025