Pakistan, World Bank agree to accelerate rollout of 10-year development framework
Climate resilience and population planning key pillars of expanded development agenda
Bank deposit returns dip to 4.90% in April; real rate remains negative at -5.36%
Deposit returns fall further into negative territory with falling interest rate, despite easing inflation
PM seeks IMF nod to reduce FBR tax target for FY26 amid growth, revenue concerns
Proposal seeks Rs250bn cut in target to avoid new taxes, align with growth outlook
Pakistan’s per capita income jumps 9.75% to $1,824 amid economic rebound
Provisional data shows GDP crosses $410bn as per capita income hits record high
IMF acknowledges Pakistan’s progress on reforms, Recommends further action under climate resilience facility
Pakistan meets all December performance criteria under EFF; Fund proposes $1bn support through RSF to bolster climate readiness
GDP growth revised down for first half, Provisional growth for FY25 pegged at 2.68%
National Accounts Committee approves 2.40% growth for the third quartet; full-year projection falls short of 3.6% target
KSE-100 inches up in volatile session as investors react to mixed market signals
Index gains marginally by 40 points; broader volumes and values decline
IMF revises Pakistan’s GDP growth forecast for FY25 to 2.6%, cites weak H1 performance
Fund also adjusts inflation, current account deficit, and trade projections for the outgoing fiscal year
IMF presses Pakistan for higher taxes, NFC rebalancing amid record salaried class burden
IMF narrows focus to tax hikes, NFC overhaul amid budget talks with Pakistan
Pakistan’s Foreign Direct Investment drops 91% YoY to $25.75 million in April
April FDI plunges to 9-month low amid high outflows and weak investor sentiment
Textile exports rise 11% YoY in April, cross $14.4 billion in ten months
Knitwear weakens but bedwear and garments drive growth; textile exports cross $14.4bn in 10 months
SBP injects Rs869 billion into banking system via conventional and shariah-based OMOs
Central bank supports market liquidity through reverse repo and modarabah operations
Pakistan’s current account posts surplus of $12 million in April
Current account shrinks by 96% YoY compared to $315 million in April 2024 mainly due to a rise in the import bill
SBP reserves rise by $70 million in last week; IMF tranche to boost next week’s holdings
SBP reserves reach $10.4 billion; Pakistan’s total foreign reserves increase by $131 million ahead of IMF inflow
Govt to recover additional Rs75bn annually from fuel consumers
Petrol and diesel to become at least Rs4 costlier; refineries, OMCs, and dealers to benefit