Economy

Pakistan approves refinery policy changes to speed Euro-V fuel upgrades
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Pakistan approves refinery policy changes to speed Euro-V fuel upgrades

Shehbaz Sharif orders Gulf investor roadshows and faster implementation of refinery modernization reforms

Pakistan's hybrid sukuk plan to strengthen Islamic banks' liquidity
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Pakistan's hybrid sukuk plan to strengthen Islamic banks' liquidity

Fitch says the new sovereign sukuk structure will boost issuance and strengthen Islamic banks' funding options

SBP buys net USD 7.1 billion from forex market in 10 months as reserves grow
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SBP buys net USD 7.1 billion from forex market in 10 months as reserves grow

Central bank's foreign exchange intervention rises nearly 7% from a year earlier, reflecting stronger external inflows and continued reserve accumulation

Pakistan secures USD 6.1 billion of FY27 external debt repayments
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Pakistan secures USD 6.1 billion of FY27 external debt repayments

USD 21.5 billion is due during the fiscal year, with foreign exchange reserves projected to rise to USD 20.2 billion by December

Pakistan's central bank expected to keep interest rate unchanged at 11.5%
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Pakistan's central bank expected to keep interest rate unchanged at 11.5%

Improving inflation and record remittances support economic stability, but geopolitical tensions and volatile oil prices are likely to keep policymakers cautious

Pakistan business confidence rebounds in Q2, but budget concerns persist
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Pakistan business confidence rebounds in Q2, but budget concerns persist

Gallup survey shows outlook turns positive for the first time in three quarters, but businesses remain wary of the FY2026-27 budget, inflation and power outages

Aurangzeb reviews reform progress with IMF leadership as Pakistan pushes ahead with EFF programme
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Aurangzeb reviews reform progress with IMF leadership as Pakistan pushes ahead with EFF programme

Finance minister highlights stronger fiscal indicators as talks focus on reforms and capital markets

PSO receivables cross PKR 900 billion as circular debt grows
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PSO receivables cross PKR 900 billion as circular debt grows

SNGPL accounts for more than PKR 542 billion in unpaid RLNG bills, while delayed payments continue to strain the state-owned oil marketer's cash flow

Pakistan pays USD 350 million for 7 spot LNG cargoes amid Middle East tensions
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Pakistan pays USD 350 million for 7 spot LNG cargoes amid Middle East tensions

The latest cargo cost USD 21.88/mmbtu, highlighting the premium Pakistan paid to secure fuel during regional geopolitical tensions

Pakistan shifts to market-based daily petroleum pricing
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Pakistan shifts to market-based daily petroleum pricing

New system gives OGRA authority to revise fuel prices daily as government seeks quicker response to global oil market swings

S&P upgrades Pakistan's sovereign rating to 'B' on stronger reforms
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S&P upgrades Pakistan's sovereign rating to 'B' on stronger reforms

Ratings agency cites IMF-backed reforms, stronger public finances and higher foreign exchange reserves; outlook remains stable

Cotton shortfall costs Pakistan up to $3 billion a year
Business

Cotton shortfall costs Pakistan up to $3 billion a year

OICCI says policy delays and weak regulation are holding back agricultural productivity and investment

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