Pakistan economy
Rising Incomes, Higher Expenses, and Fewer Homeowners in Pakistan
Pakistan’s latest Household Integrated Economic Survey 2024–25, released by the Pakistan Bureau of Statistics, reveals a complex economic picture with rising incomes, escalating expenses, shifts in housing, and rapid digital adoption. The survey shows that the average monthly household income increased by 97% over the past five years, reaching Rs82,179. However, household expenses grew even […]
Finance Ministry Unveils Pakistan Skills Impact Bond
In a landmark move aimed at transforming skill development financing, the Ministry of Finance (MoF) on Tuesday launched Pakistan’s first-ever private-capital-funded Pakistan Skills Impact Bond (PSIB), reported 24NewsHD TV channel. The initiative marks a significant shift in how vocational training and workforce development are funded in the country. The Pakistan Skills Impact Bond has been […]
Pakistan Enters Development Phase After Economic Stabilisation: Finance Minister
Pakistan has moved into a new phase of development after achieving economic stabilisation, Federal Finance Minister Muhammad Aurangzeb said, pointing to strong macroeconomic indicators and renewed investor confidence. In an interview with the American newspaper USA Today, the finance minister outlined how consistent reforms and disciplined policies have helped steady the economy and laid the […]
Kuwait Keen to Enhance Investment in Pakistan, Focus on Energy and Trade
Kuwait has expressed strong interest in expanding its investment footprint in Pakistan, particularly in the energy, trade, and broader investment sectors, signaling growing confidence in Pakistan’s economic potential. Federal Minister for Petroleum Ali Pervez Malik held a high-level meeting with Kuwait’s Minister of Finance and Chairman of the Kuwait Investment Authority (KIA), Dr. Sabih Al […]
PM Shehbaz Welcomes 50-Basis-Point Interest Rate Cut as Boost for Economy
Prime Minister Shehbaz Sharif has welcomed the State Bank of Pakistan’s decision to cut the policy interest rate by 50 basis points, calling it a positive signal for the country’s economic direction and a relief-oriented step for businesses and the general public. In an official statement issued on Monday, the prime minister said the reduction […]
Saudi Arabia Rolls Over Its $3 Billion Deposit for Pakistan
Saudi Arabia has rolled over its US$3 billion deposit for Pakistan for another year after the Saudi Development Fund approved an extension, providing the government with critical external financing support. The rollover ensures that the funds currently held by the State Bank of Pakistan remain available to reinforce the country’s foreign exchange reserves during a […]
Pakistan and Nigeria Vow to Deepen Economic and Business Cooperation
Pakistan and Nigeria have reiterated their commitment to expanding economic ties, with a particular focus on strengthening business-to-business collaboration across mining, renewable energy and industrial development. The reaffirmation came during a meeting between Federal Finance Minister Senator Muhammad Aurangzeb and a 13-member Nigerian delegation in Islamabad. The visiting delegation, led by Federal Commissioner Imo Effiong […]
Pakistan’s Beggar Population Surpasses 38 Million, Costing Economy $42 Billion Annually
ISLAMABAD: Pakistan’s beggar population has reportedly crossed 38 million, resulting in an estimated annual economic loss of $42 billion (PKR 11.76 trillion), according to recent research by social welfare and economic experts. The alarming figures shed light on a growing social and economic crisis that has quietly evolved into a structured and competitive industry. Analysts […]
All Airports in Pakistan to Go Cashless in Major Digital Transformation
Pakistan is taking a major step toward a digital future — the Pakistan Airports Authority (PAA) has announced that all airports across the country will soon become fully cashless, marking a historic transformation in the nation’s aviation and financial sectors. Under this initiative, passengers and airport staff will be able to access all services — […]
Pakistan, Iran Agree on New Trade and Transport Cooperation
Aleem Khan orders early clearance of Iranian trucks to boost regional trade flow In a significant development for regional connectivity, Pakistan and Iran have agreed to expand cooperation in trade, transport, and logistics, marking a new phase in bilateral economic engagement. The understanding was reached during high-level talks in Islamabad, attended by Pakistan’s Federal Ministers […]