Economy

Pakistan says IMF program on track as finance minister meets deputy chief
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Pakistan says IMF program on track as finance minister meets deputy chief

Aurangzeb cites strong remittances, Saudi support; seeks diversified financing and deeper IFAD partnership

Pakistan completes First Women Bank privatization in decade-long effort
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Pakistan completes First Women Bank privatization in decade-long effort

The Abu Dhabi-based acquirer takes over management control and full ownership of the bank

Pakistan minister apologizes for power outages, blames gas, hydel shortage
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Pakistan minister apologizes for power outages, blames gas, hydel shortage

Leghari says load-shedding is being implemented uniformly across urban and rural areas

Pakistan posts $1.1B current account surplus in March as remittances surge
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Pakistan posts $1.1B current account surplus in March as remittances surge

Monthly surplus widened sharply from February's $231 million; remains below the $1.28 billion surplus recorded in March last year.

Pakistan moves to clear $3B UAE debt in days as fresh funding lines up
UAE

Pakistan moves to clear $3B UAE debt in days as fresh funding lines up

Saudi deposits, IMF payout and new borrowing aimed at boosting reserves

Pakistan receives $2 billion from Saudi Arabia, central bank says
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Pakistan receives $2 billion from Saudi Arabia, central bank says

Officials say Pakistan will repay about $3.5 billion to UAE, while State Bank of Pakistan has already settled $1.3 billion in Eurobond maturities

Gas prices may surge in Pakistan as utilities push for major hike
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Gas prices may surge in Pakistan as utilities push for major hike

Tariff requests linked to mounting deficits and LNG costs

Pakistan borrows PKR 1.49 trillion through T-bills' auction
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Pakistan borrows PKR 1.49 trillion through T-bills' auction

Yields fell across most tenors as government exceeded target by PKR 137 billion

Pakistan's SupernetGlobal deploys first satellite internet service in Africa
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Pakistan's SupernetGlobal deploys first satellite internet service in Africa

The deployment will provide high-capacity internet connectivity to remote areas in Tanzania with limited fiber and wireless networks

IMF cuts Pakistan growth forecast, raises inflation outlook
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IMF cuts Pakistan growth forecast, raises inflation outlook

External pressures weigh on economy as deficit risks increase

Saudi Arabia commits $3 billion support to Pakistan, says minister
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Saudi Arabia commits $3 billion support to Pakistan, says minister

Finance minister says inflows come at a critical time, boosting reserves and external account while reaffirming a target of about $18B under IMF program

Pakistan cuts electricity rate, but announces daily outages
Business

Pakistan cuts electricity rate, but announces daily outages

The delicate power management comes as government struggles to source cheaper fuel amid Middle East conflict

Alibaba subsidiary gets SECP license to launch BNPL services in Pakistan
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Alibaba subsidiary gets SECP license to launch BNPL services in Pakistan

KOKO Tech Pakistan to offer installment services as Alibaba expands into Pakistan’s digital economy

SECP registers 2,993 new companies in March
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SECP registers 2,993 new companies in March

Of the newly registered companies, 58 received investment from overseas investors

US-Iran war drives pistachio prices to 8-year high
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US-Iran war drives pistachio prices to 8-year high

Supply disruptions and rising demand squeeze global markets

Pakistan explores funding options as $3B UAE loan comes due
UAE

Pakistan explores funding options as $3B UAE loan comes due

Rising oil prices, war pressures strain foreign-exchange buffers

Pakistan finance minister discusses reforms, financing with IMF, World Bank officials
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Pakistan finance minister discusses reforms, financing with IMF, World Bank officials

Aurangzeb flags Middle East conflict as major supply shock amid push for IMF board approval

Pakistan automobile sales rise 40% in March
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Pakistan automobile sales rise 40% in March

Nine-month cumulative volumes cross 1.6 million units

FBR flags undeclared assets by officials
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FBR flags undeclared assets by officials

Tax authority orders 10-year disclosures, warns of action for non-compliance