Govt introduces projects for women, children among other new initiatives for 2023-24

Scooters to be provided to working women at 50pc subsidized price. Health outcomes for mother and child to be given attention

In significant increase, govt sets Rs 1.14 trillion development budget with priority given to ‘populist’ ‘projects

Overall increase in PSDP marks govt trying to shore up support in an election year. But how will IMF react to this increased expenditure?

Govt proposes Rs 1.074tr subsidies in 2023-24

Despite pressure from the IMF govt has spent nearly as much as last year on subsidies

SBP to announce monetary policy on June 12

Policy rate was raised by 100 basis points to 21% in last meeting

Shehbaz optimistic about IMF deal amidst economic hardship

Bloomberg cites Fitch Ratings stating that further devaluation of Pakistani rupee unlikely due to subsiding pressure, stable reserves

New govt to pursue IMF for next loan program, says Ishaq Dar

The Finance Minister clarified that the existing program, whether completed or not, would expire on June 30, 2023.
Factory workers

China’s factory deflation steepens as demand wanes

China's factory gate prices fell at the fastest pace in seven years in May and quicker than forecasts, as faltering demand weighed...

Pakistan’s economy grew only 0.29pc in FY22-23 

Dar unveils the Economic Survey of Pakistan a day before the budget, presenting a bleak picture of the economy. 

Govt misses targets for all key economic indicators in FY23

Govt team to launch Economic Survey tomorrow

ECC approves Rs28b supplementary grants of nine ministries

Executive allowance for federal secretariat employees gets approved

Zardari calls for collaborative charter of economy to navigate economic situation

Amid Pakistan's ongoing economic challenges, Asif Ali Zardari, co-chairperson of the Pakistan Peoples Party (PPP) and a key ally in the ruling...

Budget season in full swing in Islamabad as govt scrambles for public’s support 

Prime Minister calls high-level meeting to discuss relief measures for the public with a tight budget on the cards

WB projects two more dark years for Pakistan’s economic growth

Report predicts GDP rising by 2pc in FY24 as opposed to govt’s projection of 3.5pc

Govt approves 3.5% GDP growth target for fiscal year 2023-24

NEC approves Rs2.709 trillion Annual Development Plan for FY24

Govt decides inclusion of energy reforms in budget FY24

Four phases of solarisation programme for public buildings completed