Research

Fitch raises 2026 global growth forecast to 2.6%, warns of higher real rates
Research

Fitch raises 2026 global growth forecast to 2.6%, warns of higher real rates

Resilient US and eurozone activity and stronger Korean growth lift Fitch’s outlook, while tighter monetary policy pushes real interest rates higher

Pakistan FY27 budget faces pressure from ambitious tax target, higher costs: ADB
Research

Pakistan FY27 budget faces pressure from ambitious tax target, higher costs: ADB

The budget targets a 3.6% fiscal deficit as FBR collections are set to rise 17.6%, while defense and interest costs increase, ADB says

ADB keeps Pakistan FY27 growth forecast at 3.7%, inflation at 8.3%
Research

ADB keeps Pakistan FY27 growth forecast at 3.7%, inflation at 8.3%

Private investment and IT exports are expected to support activity, but higher energy costs, import pressures and Middle East risks cloud Pakistan’s outlook

Fitch sees crypto offerings in Islamic finance expanding, cites Malaysia and UAE
Markets

Fitch sees crypto offerings in Islamic finance expanding, cites Malaysia and UAE

Sharia scholars remain split on crypto compliance, and most rated Islamic banks have yet to build material revenue from digital-asset trading, Fitch says

ICMA urges caution on rate cuts as inflation rises ahead of SBP meeting
Research

ICMA urges caution on rate cuts as inflation rises ahead of SBP meeting

The institute says petroleum shocks can feed inflation for three to nine months and wants future rate cuts tied to easing core inflation and a stable rupee

FATF warns hawala and underground banking are fueling global money laundering
Markets

FATF warns hawala and underground banking are fueling global money laundering

A new FATF report warns that hawala and underground banking networks are increasingly exploited for money laundering, citing an Oman-Pakistan case.

Pakistan's trade deficit widens 10% to USD 3.17bn in August
Research

Pakistan's trade deficit widens 10% to USD 3.17bn in August

Imports climbed 7% to USD 5.68bn in August, outpacing 4% export growth to USD 2.51bn and pushing the trade gap wider, PBS data showed.

Pakistan moves from stabilization toward structural reforms, ICMA report says
Research

Pakistan moves from stabilization toward structural reforms, ICMA report says

ICMA says Pakistan's economic indicators improved through early 2026, but employment, SOE reform and implementation gaps still hold back progress.

IMF's Georgieva warns global growth remains vulnerable despite stronger 2026 outlook
Research

IMF's Georgieva warns global growth remains vulnerable despite stronger 2026 outlook

IMF chief cites unfinished energy shock, record public debt and AI uncertainty as key risks facing the world economy

Pakistan's inflation accelerates to 11.15% in August
Research

Pakistan's inflation accelerates to 11.15% in August

Onion prices jump 46% and transport costs surge 20% year-on-year, pushing CPI past Topline's forecast

Auto sector: Veteran automakers played it smart, Risk-takers pay the price?
Research

Auto sector: Veteran automakers played it smart, Risk-takers pay the price?

Pakistan's expired Auto Policy and new budget changes have left hybrid-focused carmakers facing uncertainty while legacy manufacturers remain largely unaffected

When AI makes everyone good enough, originality becomes the real advantage
Research

When AI makes everyone good enough, originality becomes the real advantage

From business to technology, the next competitive edge will come from solving problems machines can't identify on their own

Iran-Pakistan gas pipeline revival could save Pakistan over $1 billion a year, ease inflation
Research

Iran-Pakistan gas pipeline revival could save Pakistan over $1 billion a year, ease inflation

Sanctions relief could unlock cheaper energy, cut power costs and strengthen supply security, Analysts say

Pakistan's pension time bomb: How a bloated benefits bill is eating the future
Research

Pakistan's pension time bomb: How a bloated benefits bill is eating the future

Pakistan is spending more on retired bureaucrats than its youth. This is not a footnote in the budget but a structural crisis in the making.

Petroleum Development Levy: a tax on poor which won’t plug fiscal deficit
Research

Petroleum Development Levy: a tax on poor which won’t plug fiscal deficit

Pakistan’s interest-to-revenue ratio is among the highest in the world, signaling a debt crisis already in motion. Papering over it with a regressive fuel tax does not address the deficit

Stability over growth; SBP’s tough yet right interest rate call
Research

Stability over growth; SBP’s tough yet right interest rate call

The 100-basis-point hike, lifting the benchmark policy rate to 11.5%, wasn't driven by domestic mismanagement, rather from a conflict still burning in the region

How Pakistan posted a fiscal surplus after 25 years
Research

How Pakistan posted a fiscal surplus after 25 years

Nukta breaks down what fiscal and primary surplus mean, why Pakistan managed to achieve these surpluses, and why they’re important

Pakistan-EU partnership: A data-driven look at the economic impact of GSP+
Research

Pakistan-EU partnership: A data-driven look at the economic impact of GSP+

After years of tariff battles and shifting supply chains, Pakistan is reshaping its trade strategy

From trade to transfers: how remittances redefined Pakistan’s external balance
Research

From trade to transfers: how remittances redefined Pakistan’s external balance

Remittances equal 9% of Pakistan's GDP, the highest in South Asia

The billion dollar question: Why do SBP and PBS figures differ and what's worrisome about it?
Research

The billion dollar question: Why do SBP and PBS figures differ and what's worrisome about it?

Pakistan central bank expects the FY26 current account to stay contained within the 0%-1% of GDP range