In a move aimed at strengthening bilateral ties, Pakistan’s Finance Minister has left for the United States to conclude crucial trade discussions. These high-level negotiations between Pakistan and the US are set to play a pivotal role in shaping the future of economic relations between the two nations. The ongoing
In a significant turnaround, Pakistan recorded a current account surplus of $2.1 billion in the fiscal year 2024-25, the first annual surplus since FY15, according to figures released by the State Bank of Pakistan (SBP). The positive balance marks a sharp contrast to the $3.3 billion deficit recorded in FY24,
Prime Minister Shehbaz Sharif has announced that the performance of federal ministries and divisions will be evaluated every two months, in a move aimed at enhancing governance accountability, public service delivery, and institutional transparency. The directive was issued during a high-level meeting of the Prime Minister’s Reform and Performance Delivery
Islamabad – July 14, 2025: In a bid to control rising sugar prices and curb hoarding, the federal government has officially fixed the ex-mill price of sugar at Rs165 per kilogram, according to a statement released by the Ministry of National Food Security & Research. The decision follows recommendations by
The International Monetary Fund (IMF) has approved the first review of Pakistan’s $7 billion loan program, acknowledging the country’s “strong” progress on economic reforms. This positive assessment is a critical milestone for the country as it seeks to stabilize its economy, curb inflation, and restore investor confidence. Pakistan’s government, under
Karachi – July 1, 2025: In a welcome relief for Karachi’s electricity consumers, the National Electric Power Regulatory Authority (NEPRA) has approved a refund of Rs4.03 per unit in electricity bills for K-Electric (KE) consumers for the month of July 2025. The decision, announced on Monday, is based on monthly
Islamabad – June 30, 2025: In an effort to curb rising inflation and ensure price stability, the federal government has approved the import of up to 500,000 tonnes of sugar, the Ministry of Commerce announced on Sunday. The decision was taken during a high-level meeting chaired by Prime Minister Shehbaz
Baku – June 26, 2025: Prime Minister Shehbaz Sharif arrived in Baku, Azerbaijan on Thursday to represent Pakistan at the 17th summit of the Economic Cooperation Organization (ECO). The high-level gathering of regional leaders aims to boost economic integration, connectivity, and sustainable development across ECO member states. The premier was
Peshawar – June 25, 2025: The Khyber Pakhtunkhwa (KP) government has formally protested the federal government’s exclusion of two major hydropower projects from the latest National Electricity Plan 2024–30, accusing the Centre of undermining provincial development rights and energy autonomy. The projects in question — Balakot Hydropower Project (300MW) and
Islamabad, June 30, 2025 – President Asif Ali Zardari has formally signed the Finance Act 2025, which enacts the federal budget for the upcoming fiscal year with an allocation of Rs17.57 trillion, effective from July 1. The Presidential assent, issued on June 27 and notified in the official gazette, marks the
