Economy

World Bank approves $375.9 million to modernize Pakistan's power grid
Business

World Bank approves $375.9 million to modernize Pakistan's power grid

Project aims to strengthen transmission network, unlock more renewable energy and reduce outages under the first phase of a 10-year reform program

ADB cuts Pakistan's FY27 growth forecast, raises inflation outlook
Business

ADB cuts Pakistan's FY27 growth forecast, raises inflation outlook

Higher energy costs, external uncertainty and risks to remittance inflows weigh on economic outlook as lender says FY2026 economy grew 3.7%

Pakistan surpasses $18 billion foreign exchange reserves target
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Pakistan surpasses $18 billion foreign exchange reserves target

Central bank holdings rise by USD1.94 billion in a week as government inflows boost external buffers

SBP sets PKR1.5 trillion SME financing target by 2028
Business

SBP sets PKR1.5 trillion SME financing target by 2028

Central bank targets 750,000 SME borrowers as it pushes banks to increase private sector lending

Pakistan seeks third spot LNG cargo in nine days as Qatar supplies remain disrupted
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Pakistan seeks third spot LNG cargo in nine days as Qatar supplies remain disrupted

State-owned PLL invites bids for July 15-16 delivery while the country continues to rely on spot purchases to meet domestic demand

Pakistan records highest-ever remittances of $41.6 billion in FY26
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Pakistan records highest-ever remittances of $41.6 billion in FY26

Overseas Pakistanis send a record USD 41.6 billion, strengthening external accounts despite a slowdown in June inflows

ADB cuts developing Asia growth forecast as Middle East conflict weighs on economies
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ADB cuts developing Asia growth forecast as Middle East conflict weighs on economies

Regional growth for 2026 lowered to 4.9% as prolonged energy market disruptions fuel inflation and raise downside risks

71% of foreign investors rank security among top business concerns in Pakistan
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71% of foreign investors rank security among top business concerns in Pakistan

OICCI survey cites worsening security in Karachi, persistent challenges in Balochistan and rising street crime as key factors weighing on business confidence

Global economy resilient despite Middle East war, IMF-led group warns risks remain
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Global economy resilient despite Middle East war, IMF-led group warns risks remain

IMF, World Bank, IEA and WTO urge reopening of the Strait of Hormuz, saying uncertainty continues despite easing fuel and fertilizer prices

Food prices stay high across Pakistan despite steep fall in diesel, LPG costs
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Food prices stay high across Pakistan despite steep fall in diesel, LPG costs

Lower transport costs fail to ease food inflation as seasonal shortages, supply disruptions and high retail margins keep vegetables and wheat flour expensive

FBR projects PKR 14.5 trillion tax collection before new budget measures
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FBR projects PKR 14.5 trillion tax collection before new budget measures

Revenue forecast assumes no new taxes, with receipts expected to rise 11.7% on economic growth and higher compliance

Pakistan banks sharply increase lending to agriculture, SMEs and housing as economy stabilizes
Business

Pakistan banks sharply increase lending to agriculture, SMEs and housing as economy stabilizes

Finance Minister Aurangzeb cited stronger growth, higher reserves and renewed market access

Pakistan's federal debt rises by PKR 16.2 billion a day, reaches PKR 81.9 trillion
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Pakistan's federal debt rises by PKR 16.2 billion a day, reaches PKR 81.9 trillion

State Bank data shows government debt increased by PKR 5.93 trillion over the past year, while private sector borrowing strengthened and government borrowing slowed

Cashless Pakistan surpasses 11.3 billion digital transactions in first year
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Cashless Pakistan surpasses 11.3 billion digital transactions in first year

More than 2 million businesses now accept digital payments, while digital banking users exceed 135 million

Policy reforms could unlock up to $1.9 billion in exports within a year
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Policy reforms could unlock up to $1.9 billion in exports within a year

The Pakistan Business Council presents an export-led growth agenda to Finance Minister Muhammad Aurangzeb, outlining reforms to boost competitiveness and expand exports

SBP opens direct access to government securities with InvestPak launch
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SBP opens direct access to government securities with InvestPak launch

Corporate and institutional depositors can now invest directly in government securities as minimum savings profit rules are narrowed

PIA aims to become profitable within a year, plans to triple its fleet
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PIA aims to become profitable within a year, plans to triple its fleet

Arif Habib says the airline will expand from 19 to 60 aircraft over five years while focusing on commercially viable routes

OGRA raises RLNG prices 15% after Middle East tensions disrupt LNG supplies
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OGRA raises RLNG prices 15% after Middle East tensions disrupt LNG supplies

Emergency spot imports increased Pakistan's fuel costs, leading to higher gas tariffs for distribution companies

Pakistan awards July spot LNG cargo to TotalEnergies amid supply disruptions
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Pakistan awards July spot LNG cargo to TotalEnergies amid supply disruptions

TotalEnergies wins July tender with USD 17.37/MMBtu bid as Pakistan turns to the spot market to bridge supply gaps

PIA privatization enters first phase as consortium takes 66.67% stake
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PIA privatization enters first phase as consortium takes 66.67% stake

New majority shareholder injects fresh equity into PIACL, while PIA Holding Company retains a 33.33% stake