Tue, 21-Oct-2025

Budget 2021-22: PM Imran summons special cabinet meeting

Budget 2021-22

Pakistan Tehreek-e-Insaf (PTI) led government is all set to present the federal Budget 2021-22 on June 11, Prime Minister Imran Khan has beckoned a special session of the federal cabinet tomorrow (Friday). Finance Minister Shaukat Tarin will brief the bureau on budget dispensing, revenue target, budget deficiency, and other significant issues identified with FY budget … Read more

NEC to target 4.8% GDP growth for next fiscal year

NEC target 4.8% GDP

A statement from Prime Minister’s office stated on Monday that The National Economic Council (NEC) has targeted the gross domestic product (GDP) growth at 4.8% for the next fiscal year. The advancement came during a meeting of the NEC in Islamabad, with PM Imran Khan in the chair and chief ministers of all the provinces … Read more

800cc Cars are Getting Cheaper after Next Budget: Sources

budget 2020-21 pakistan latest news

Pakistani automotive industry is flooded with the new automakers. Although it has been a positive development for the industry, people are still yearning for more affordable cars in the market. According to current news, the government is considering dropping taxes on vehicles with an engine transposition of 800cc or less in order to ease people … Read more

Exports of Oil seeds, Nuts, Kernals increased by 193.66% in 10 months

The exports of Oilseeds, Nuts, and Kernels have increased during the first ten months of the fiscal year 2020-21, the export grew by 193.66 percent as compared to the exports of the parallel period of last year. Whereas during the period from July-April 20-21, Oilseeds, Nuts, and Kernels worth US$ 84,671 thousand exported as compared … Read more

PSX Crosses the 48,000 Mark in 4 Years

PAKISTAN STOCK EXCHANGE

Pakistan Stock Exchange (PSX) witnessed another strong term today with the benchmark index, KSE-100 gaining 294 points or 0.62% to breach the level of 48,000 points after four years. Over the period of the last two weeks, the PSX has witnessed an impressive increase in the volume of shares trading and the contribution of investors. … Read more

Kuwait Allows Family and Business Visas for Pakistan after 10 Years

Kuwait has officially reestablished family and business visas for Pakistanis after a nearly decade-long pause, due to a productive meeting between the Minister of Interior, Sheikh Rashid Ahmad, and the Prime Minister of Kuwait, Sheikh Sabah Al-Khalid Al-Sabah, in Kuwait City. The Pakistani Ambassador to Kuwait, Syed Sajjad Haider, was also present at the meeting. … Read more

FY21 growth is expected to rise to 3.94%: SBP

Monetary Policy Committee To Maintain Policy Rate at 7% : SBP

The State Bank of Pakistan (SBP) on Monday announced a nine-month current account is in surplus for the first time in seventeen years. According to the details, SBP in a series of tweets today said that Fiscal Year (2021) FY21 growth is expected to rise to 3.94%, as post-Covid recovery is underway since last summer … Read more

Global investors show great confidence in Pakistan’s economy, Hammad Azhar

Hammad Azhar

Newly-appointed Finance Minister Hammad Azhar appreciated the interest shown by foreign investors in Pakistan’s economy. Taking to Twitter on Wednesday, he wrote that Pakistan very successfully concluded its first-ever three-tranche capital market transaction yesterday with five, ten, and thirty-year Eurobonds at six percent, 7.375, and 8.875 percent. He added that global investors have shown their … Read more

Economy put on right trajectory due to Government’s policies, President Alvi

Economy put on right trajectory due to Government's policies, President Alvi

President Arif Alvi on Saturday said that the national economy has been put on the right trajectory due to prudent policies of the government. He was addressing an event in Karachi today. He assured that effective measures are being taken to control inflation and price hike at the lower level. Moreover, Alvi also said that … Read more

ADB okays $10 billion loan for economic recovery of Pakistan

ADB to provide $600 million for Ehsaas Programme

The Asian Development Bank (ADB) has approved the lending plan of $10 billion in fresh assistance to Pakistan over the next five years to speed up economic recovery process. According to the media reports, ADB will provide these loans from 2021 through 2025, which also includes $6.3 billion that it plans to approve in the … Read more

Pakistani Exports witnesses downturn in 10 international markets

Pakistan

Advisor to Prime Minister Imran Khan on Commerce and Investment Abdul Razzak Dawood has said that the top officials of the commerce ministry are deliberating the decline of exports to 10 countries and chalking out strategies with trade attaché. According to the data, Pakistan’s exports to 10 markets declined particularly to the United Arab Emirates … Read more

Gill bashes Opposition for pursuing narrative against economic growth

Dr Shahbaz Gill

Special Assistant to Prime Minister on Political Communication Dr. Shahbaz Gill has said that the opposition must be aware of economic growth before criticizing the policies. According to the details, Dr. Shahbaz Gill in his tweet said that in November 2020, exports of the textile sector increased by 20% and exports of pharmaceuticals also increased … Read more

Coordination among stakeholders is must for economic stability, says President

President Arif Alvi

President Dr. Arif Alvi has stressed that coordination among different stakeholders is a must for economic stability. As per the details, Arif Alvi met a delegation of the Sindh Industrial Liaison Committee in Karachi. During the meeting, he said a consortium needs to be raised for the planning and implementation of new projects and better … Read more

WEF’s Strategy Dialogue: ‘We saved country’s economy during virus crisis’, PM

PM Congratulates Exporters On Leaving Behind India, Bangladesh In Exports

Prime Minister (PM) Imran Khan addresses that Country Strategy Dialogue (CSD) on Pakistan, organized by the World Economic Forum (WEF) in recognition of the country’s commendable resilience to the myriad of challenges.

While speaking to the forum, PM Imran said the country had opened the construction sector and as the work was done in the open air so the virus couldn’t spread.

Detailing about the Ehsaas Programme, the premier said that 15 million families were given cash handouts and it really saved Pakistan from the worst effects of lockdowns.

“Because the people were with us, they complied with our measures we came out of it better than any other country,” the premier said.

He further added that we saved our economy and we save people from dying from the virus.

The Prime Minister went on to add that he was “worried” as the second wave had it the country. “We don’t know how long will this wave last.”

“In our country with high levels of poverty, we cannot afford to [impose] a lockdown where we [close] our businesses and factories,” he said.

Read more

Pakistan Rejects Reports About Failure Of Negotiations With IMF

IMF Warns Pakistan Growth Rate Be Lopsided, Inflation Will Rise

Pakistan has strongly rejected the reports about the failure of negotiations with the International Monetary Funds (IMF). According to the details, the Ministry of Finance in a message on the social networking site has rejected the news of the failure of negotiations for the next instalment of the packaged loan from the IMF. The Ministry … Read more

Benefit of economic stabilization must reach the common man, PM

PM Imran Khan

Prime Minister Imran Khan said that the advantage of the improvement in the economy must reach the common man at the earliest. As per the details, PM Imran Khan expressed his opinion over a meeting held in Islamabad to review the country’s economic situation. During the talks, he expressed satisfaction over the economic stabilization in … Read more

We have to improve our economy, says Imran Khan

PM

Prime Minister Imran Khan has expressed hope that Pakistan Tehreek-e-Insaf will be successful in the Gilgit-Baltistan elections. According to details, a meeting of federal ministers and party leaders was held under the chairmanship of Prime Minister Imran Khan today. The Prime Minister’s Economic Team briefed the meeting on the latest economic situation. Sources said that … Read more

IMF Predicts Pakistan’s economic growth rate likely to be one percent

IMF Pakistan

The International Monetary Fund (IMF) has said that Pakistan’s economy has been badly affected during the Coronavirus epidemic, it predicted that Pakistan’s economic growth rate will likely be one percent in FY20-2021. The IMF has slashed Pakistan’s growth rate by one percent, while the government has projected a GDP growth rate of 2.1 percent for … Read more

Remittances maintained upward trend in September 2020: PM Imran

remittances increased says PM

Prime Minister Imran Khan has announced more good news for the economy of Pakistan despite increasing Coronavirus cases. Taking to Twitter on Monday, the premier said that in the month of September remittances from our hardworking Pakistanis abroad reached 2.3 billion, 31% higher than last September and 9% higher than August. He wrote, “Despite COVID … Read more

World Bank projects 0.5 percent growth rate in Pakistan in current fiscal year

World Bank

The World Bank on Thursday sounded a grimmer tone for the economy of Pakistan, saying that the country will witness a 0.5 percent growth rate only in the current fiscal year. According to the details, Pakistan’s economic outlook, in light of WB’s report, remains fragile for at least two years, as the outbreak of the … Read more

‘We need to work as a team to boost Pakistan’s economy’: Hafeez Sheikh

Dr. Abdul Hafeez Sheikh

Adviser to Prime Minister on Finance, Dr Abdul Hafeez Sheikh that after the Coronavirus situation, exports began to increase and the Federal Bureau of Revenue (FBR) taxes have been improved. Speaking to media officials at the Pakistan Stock Exchange (PSX), Dr. Abdul Hafeez Sheikh said that Pakistan is currently the best market in Asia. Everyone … Read more

Fayyaz Chohan holds PML-N responsible for the economic eclipse in Pakistan

Fayyaz

Information Minister of Punjab Fayyazul Hassan Chohan held Pakistan Muslim League Nawaz (PML-N) responsible for the economic eclipse in the country. According to details, Fayyazul Hassan Chohan in his recent statement, said the PTI government, led by Prime Minister Imran Khan, is trying to remove the economic eclipse imposed by PML N. He said PML … Read more

Prime Minister Imran Khan to address impact of Covid-19 on Pakistan’s economy in WEF

Prime Minister Imran Khan

Prime Minister Imran Khan will address World Economic Forum today via video link. He will speak about the impact of coronavirus on Pakistan’s economy. According to the details, Prime Minister Imran Khan will attend an emergency session of the World Economic Forum on May 20 (today). Imran Khan would speak about the impact of coronavirus … Read more

Pakistani Rupee to Stay Stable in the Interbank Market Against Dollar

Pakistani Rupee to Dollar

This week, rupee increased by 29 paisas by trading at 154.85 against the greenback in the interbank market. The previous closing, the rupee held moderate gains, shaping the positive economic model for the country. Compared with the previous trading cost of 154.66, On Tuesday, the local currency increased by trading at 154.56 to the dollar … Read more

PM Imran Khan approves Rs6 billion relief package for Utility Stores

relief package

Prime Minister Imran Khan on Monday gave approval for Rs6billion relief package for Utility Stores Corporation (USC). An official notification for the relief package will issue today. The approval given to bring down the prices of essential commodities. Sugar, which sold at a retail price of Rs75/kg in the open market will now provide at … Read more

Achieving the real GDP growth target of 4% appears unlikely, says SBP

State Bank moratorium on consumer loans’ principle

The State Bank of Pakistan (SBP) on Monday said during the first quarter of current fiscal year FY-20, Pakistan’s economy moved progressively along the adjustment path. However, inflation reached the highest level during the last seven years in the SBP. The central bank in its report said Pakistan’s economic growth was unlikely to meet the … Read more