Economy

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

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

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

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

Fewer Pakistanis are securing overseas jobs as higher migration costs and stricter requirements threaten future remittance inflows

PLL invites bids for July 21-22 delivery as Pakistan continues buying costlier spot LNG to secure gas supplies

Draft proposal exempts eligible retailers from routine audits, POS requirements and certain withholding tax obligations

The IMF forecasts the global economy to expand 3.0% in 2026 as conflict-driven supply shocks outweigh part of the boost from artificial intelligence

Government targets August launch for a revised policy focused on investment, EVs and stricter vehicle safety standards, pending IMF approval

AAA-rated Basel III-compliant issue strengthens the bank's capital base to support lending, SMEs, consumer banking and ESG initiatives

Vehicle sales reach 206,445 units, supported by stronger consumer demand, expanding auto financing and new model launches

PLL awards July 15-16 delivery to BP Singapore at USD 18.2345/MMBtu after accepting the lowest bid amid intermittent contractual supplies

SNGPL extends force majeure on RLNG supplies to power plants, with fuel shortages expected to persist until early August, raising the risk of localized load shedding

Record-sized shipment helps avert potential power shortages after force majeure halted scheduled deliveries amid regional tension

Pakistan raised petrol and diesel prices from July 12, pushing the petroleum levy on petrol to a record PKR80 per litre to meet IMF revenue targets

Pakistan's sovereign Sukuk issuance nearly doubled to a record PKR 3.5 trillion in FY2026 as the government deepens Islamic debt markets and reforms debt management

Late payment surcharges rise to PKR 1.723 trillion, nearly matching the principal outstanding amount, while tariff differential claims remain the largest driver of debt

Sector posts record growth as exporters expand into Asia-Pacific markets beyond the U.S. and Europe

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

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