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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
Jul 22, 2026
Jul 22, 2026
Reuters reports previously undisclosed request aims to bolster reserves, support the rupee and reduce reliance on multilateral lenders
Improved foreign exchange liquidity allows multinational companies to clear delayed earnings and dividends in FY26
Export earnings jump 78% from a year earlier, with IT freelancers contributing more than USD 1.16 billion
PLL awards July 27-28 cargo to TotalEnergies after receiving a single bid, extending the steady rise in spot LNG procurement costs
Federal cabinet approves market-linked mechanism based on seven-day rolling average of global oil prices, eliminating need for government approval on working days
SNGPL halted RLNG supplies following a government directive linked to regional disruptions, forcing the fertilizer producer to suspend operations
Expanded 48-team tournament paid a record USD 871 million to participating nations, nearly double the 2022 prize fund
June electricity generation fell 2.3% year-on-year as weaker demand and LNG supply disruptions offset gains from imported coal
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
Exports climbed 20.7% from a year earlier as global demand, SBP measures and government support boosted the sector
Higher imports outweighed record annual remittances, reversing FY25's USD 1.84 billion surplus into a USD 139 million deficit
Arrival of MV Grande Shanghai marks Pakistan's first roll-on/roll-off EV shipment, boosting modern port and logistics capabilities
The industry body urges the government to approve 4 million metric tons of wheat imports, warning that delays could worsen supply shortages
Industry seeks lower energy costs, faster export financing and action on cotton shortage after textile exports rose just 0.26% in FY26
Manufacturers shipped 4.7 million footballs, an 18.5% increase from the previous fiscal year.
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.
The GSP+ programme grants developing countries duty-free or reduced-tariff access to the EU market in exchange for implementing 27 international conventions covering human rights, labour rights, environmental protection, climate action and good governance.
Pakistan remained the scheme's largest beneficiary by export value, ahead of other GSP+ countries, including the Philippines and Sri Lanka.
The European Commission said Pakistan made progress in several areas covered by the programme's monitoring framework. It cited legislative reforms that reduced the scope of the death penalty, implementation of rules under the Anti-Torture Act, and the adoption of Child Marriage Restraint Acts in Balochistan and Islamabad to strengthen protections for children.
The report also highlighted improvements in labour rights, saying Pakistan ratified the International Labour Organization's Protocol to the Forced Labour Convention and launched initiatives to help transition workers from the informal to the formal economy.
On governance, the report said Pakistan updated policies aimed at combating corruption, alongside reforms undertaken by several other GSP+ beneficiary countries.
The European Commission said the GSP framework continues to serve as an effective incentive for sustainable development by linking trade preferences with internationally recognised standards on human rights, labour protections, environmental stewardship and governance. It added that the scheme promotes structured engagement between the EU, beneficiary governments and civil society while supporting economic growth through duty savings and maintaining safeguards for sensitive sectors within the bloc.
Pakistan has benefited from the EU's GSP+ scheme since 2014. Preferential access to the European market has contributed significantly to the country's textile and apparel exports, which account for the bulk of its shipments to the bloc.
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
