Economy

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

Fitch affirms Pakistan rating at ‘B-’ with stable outlook
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Fitch affirms Pakistan rating at ‘B-’ with stable outlook

IMF program and improved reserves support outlook, but energy shock remains key risk

Pakistan inflation projected to rise to double digits in April
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Pakistan inflation projected to rise to double digits in April

It would be the highest monthly inflation reading in nearly two years, according to Topline Securities

Asia tech firms face uneven impact from Middle East conflict, S&P says
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Asia tech firms face uneven impact from Middle East conflict, S&P says

Chipmakers better placed to absorb costs, while consumer electronics firms risk margin and demand pressure

Rising yields point to interest rate hike in Pakistan
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Rising yields point to interest rate hike in Pakistan

Bank briefings suggest policy rates may have bottomed out

ADB sees Pakistan growth picking up to 4.5% by FY27
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ADB sees Pakistan growth picking up to 4.5% by FY27

Recovery gains pace on reforms, though inflation and global risks loom

3 out of 4 Pakistanis ‘only showing up at work’ without interest: report
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3 out of 4 Pakistanis ‘only showing up at work’ without interest: report

Job stress level in the country climbs to 62%, far above the global average of 40%