Pakistan economy
Government Moves to Reduce Reliance on Bank Financing Through Capital Market Reforms
The federal government has announced plans to reduce Pakistan’s reliance on bank financing by advancing capital market reforms, signaling a strategic shift in the country’s financial framework. This decision aims to lower transaction costs, broaden investor participation, and strengthen alternative funding sources for businesses and institutions. The initiative was discussed during a meeting between Finance […]
Pakistan Plans Complete Redesign of Currency Notes; Old Notes to Remain Valid
Pakistan is preparing for a major update to its national currency system as the federal government has decided to redesign all currency notes ranging from Rs. 10 to Rs. 5,000. The move is aimed at modernizing banknotes, enhancing security features, and aligning Pakistan’s currency with international standards, according to sources familiar with the development. Alongside […]
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 […]