Economy

Pakistan seeks $10 billion US exchange stabilization facility
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Pakistan seeks $10 billion US exchange stabilization facility

Reuters reports previously undisclosed request aims to bolster reserves, support the rupee and reduce reliance on multilateral lenders

Foreign firms repatriate $2.31 billion from Pakistan as FX pressures ease
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Foreign firms repatriate $2.31 billion from Pakistan as FX pressures ease

Improved foreign exchange liquidity allows multinational companies to clear delayed earnings and dividends in FY26

Pakistani freelancers earn record $1.76 billion in FY26
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Pakistani freelancers earn record $1.76 billion in FY26

Export earnings jump 78% from a year earlier, with IT freelancers contributing more than USD 1.16 billion

Pakistan buys costliest July LNG spot cargo at $21.88/MMBtu
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Pakistan buys costliest July LNG spot cargo at $21.88/MMBtu

PLL awards July 27-28 cargo to TotalEnergies after receiving a single bid, extending the steady rise in spot LNG procurement costs

Pakistan shifts to daily fuel pricing as OGRA gets authority to revise rates
Business

Pakistan shifts to daily fuel pricing as OGRA gets authority to revise rates

Federal cabinet approves market-linked mechanism based on seven-day rolling average of global oil prices, eliminating need for government approval on working days

Agritech shuts urea plant after government suspends RLNG supply
Business

Agritech shuts urea plant after government suspends RLNG supply

SNGPL halted RLNG supplies following a government directive linked to regional disruptions, forcing the fertilizer producer to suspend operations

FIFA awards record $51 million to Spain after World Cup 2026 triumph
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FIFA awards record $51 million to Spain after World Cup 2026 triumph

Expanded 48-team tournament paid a record USD 871 million to participating nations, nearly double the 2022 prize fund

Pakistan power generation rises just 1.2% in FY26 as LNG shortages hit output
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Pakistan power generation rises just 1.2% in FY26 as LNG shortages hit output

June electricity generation fell 2.3% year-on-year as weaker demand and LNG supply disruptions offset gains from imported coal

Pakistan formally brings start-ups into SME financing framework
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Pakistan formally brings start-ups into SME financing framework

State Bank of Pakistan defines start-ups for the first time and raises SME turnover thresholds, though experts say broader banking reforms are needed to boost lending

Pakistan records highest-ever IT exports of USD 4.6 billion in FY26
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Pakistan records highest-ever IT exports of USD 4.6 billion in FY26

Exports climbed 20.7% from a year earlier as global demand, SBP measures and government support boosted the sector

Pakistan posts $139 million current account deficit in FY26
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Pakistan posts $139 million current account deficit in FY26

Higher imports outweighed record annual remittances, reversing FY25's USD 1.84 billion surplus into a USD 139 million deficit

First-ever RoRo vessel carrying 2,000 electric vehicles berths at Karachi Port
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First-ever RoRo vessel carrying 2,000 electric vehicles berths at Karachi Port

Arrival of MV Grande Shanghai marks Pakistan's first roll-on/roll-off EV shipment, boosting modern port and logistics capabilities

Pakistan cereal association says wheat imports could cut prices by up to PKR 20 per kilogram
Business

Pakistan cereal association says wheat imports could cut prices by up to PKR 20 per kilogram

The industry body urges the government to approve 4 million metric tons of wheat imports, warning that delays could worsen supply shortages

Textile exporters urge PM Shehbaz Sharif to cut costs as export growth slows
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Textile exporters urge PM Shehbaz Sharif to cut costs as export growth slows

Industry seeks lower energy costs, faster export financing and action on cotton shortage after textile exports rose just 0.26% in FY26

Pakistan football exports hit $257 million on strong global demand
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Pakistan football exports hit $257 million on strong global demand

Manufacturers shipped 4.7 million footballs, an 18.5% increase from the previous fiscal year.

Pakistan becomes biggest beneficiary of EU GSP+ scheme with EUR 7.1 billion exports
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Pakistan becomes biggest beneficiary of EU GSP+ scheme with EUR 7.1 billion exports

Pakistan became the largest beneficiary of the European Union's Generalised Scheme of Preferences Plus (GSP+) in 2024, recording EUR 7.1 billion (USD 8.3 billion) in exports to the 27-member bloc under the preferential trade arrangement, according to the European Commission's fifth GSP report released on Thursday.

The report said Pakistan recorded a preference utilization rate of 95.1%, one of the highest among GSP+ beneficiaries, reflecting the country's effective use of the tariff concessions available under the scheme.

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Pakistan’s FY26 fiscal improvement may not be sustainable without stronger tax reforms
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Pakistan’s FY26 fiscal improvement may not be sustainable without stronger tax reforms

Fitch says one-off gains are fading while options for further spending cuts have largely run out

Pakistan buys costliest July spot LNG cargo amid tightening global supply
Business

Pakistan buys costliest July spot LNG cargo amid tightening global supply

Fourth spot cargo purchased at USD 20.6999/MMBtu, about 51% above indicative Qatari contract price amid tightening global supply

Flour mills call for wheat imports amid concerns over future supplies
Business

Flour mills call for wheat imports amid concerns over future supplies

Government says current wheat stocks are adequate, but industry urges a transparent policy for future import decisions

Pakistan's manufacturing output falls 0.98% in May despite strong FY26 growth
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Pakistan's manufacturing output falls 0.98% in May despite strong FY26 growth

Large-scale manufacturing remained up 5.77% during July-May FY26, with automobiles continuing to drive overall growth