7 h. ago SBP not to repeat past mistakes of accelerating demand, economic growth

Pakistan will not “repeat past mistakes such as accelerating demand and economic growth too rapidly”, State Bank of Pakistan (SBP) Governor Jameel Ahmad said on Monday. Speaking at the launch of Women Entrepreneurs Finance Code by SBP in partnership with the Asian Development Bank (ADB), he said he was confident that the ongoing transition from […]

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7 h. ago Aurangzeb chairs meeting on implementation of National Tariff Policy

Minister for Finance and Revenue Senator Muhammad Aurangzeb on Monday chaired a meeting of the Steering Committee for the implementation of the National Tariff Policy. The meeting was attended by Minister for Commerce Jam Kamal Khan; Minister for Petroleum Ali Pervaiz Malik; Governor State Bank of Pakistan (SBP) and senior officials from the Ministry of […]

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10 h. ago PM Shehbaz invites UAE telecom giant to expand investment in Pakistan

Prime Minister Shehbaz Sharif met with a delegation from a leading UAE-based telecom company on Monday in Islamabad. He welcomed the delegation and invited them to explore further investment opportunities in Pakistan’s key economic sectors. The prime minister assured full support and facilities for foreign investors. The meeting included Deputy Prime Minister Ishaq Dar, Finance […]

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16 h. ago Macroeconomic policies, financial inclusion pillars of Pakistan’s economy

KARACHI – Governor State Bank of Pakistan (SBP), Jameel Ahmad, said that structural reforms will be undertaken for sustainable and

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18 h. ago Field Marshal Munir: India’s claims baseless, Pakistan ready to defend firmly

Pakistan’s Army Chief Field Marshal Syed Asim Munir has warned that any attack on the country will face an extremely harsh response. He said that any attempt to hit Pakistan’s cities, military bases, ports, or economic centers would be answered with a reaction much stronger than expected. He issued this strong statement during his address […]

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19 h. ago Pakistan’s cotton output crashes to 5.5 million bales, industry demands urgent reforms

Pakistan’s cotton production has plummeted from a peak of 15 million bales to just 5.5 million, sending shockwaves through the textile sector and pressuring the country’s foreign reserves. As local supply shrinks, the industry is increasingly relying on imported cotton, raising serious economic concerns. Industry leaders are urging federal and provincial governments to introduce crop […]

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22 h. ago LESCO to increase new single phase meter fees [Expected Demand Notice charges]

LAHORE – The Lahore Electric Supply Company (LESCO) has decided to increase the demand notice charges for new single-phase electricity

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40 h. ago Tax revenue from electricity bills drops by Rs110 billion amid falling consumption

The Federal Board of Revenue (FBR) collected Rs490 billion in taxes through electricity bills in FY2024–25, marking a sharp decline of Rs110 billion compared to Rs600 billion collected in the previous fiscal year. This drop reflects changing energy consumption trends and slower economic activity. According to official sources, the decrease in tax revenue is largely […]

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41 h. ago Furniture council calls for urgent digital shift to boost economy

Pakistan Furniture Council (PFC) CEO Mian Kashif Ashfaq has called on the government to prioritise digital transformation to create a transparent, accountable, and efficient economic system. While chairing a PFC Board of Directors meeting on Saturday, Ashfaq emphasised that adopting modern digital tools improves transparency in financial activities, reduces corruption, and simplifies business operations across […]

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41 h. ago FPCCI urges nationwide shift to solar power for economic and energy relief

Pakistan can unlock major economic and environmental benefits by adopting solar energy across the country, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said on Saturday. During a meeting with a group of industrialists led by Zia Ur Rehman, Shahid Imran, convener of FPCCI’s Regional Committee on Food, highlighted Pakistan’s over 300 sunny […]

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44 h. ago OPEC+ boosts oil output by 548,000 barrels per day for august

OPEC+ has agreed to raise oil production by 548,000 barrels per day (bpd) in August, accelerating its output hike plan as global markets remain tight. The move follows recent geopolitical tensions and reflects efforts to stabilize fuel prices amid increased global demand. This is the largest monthly hike so far this year, up from 411,000 […]

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55 h. ago Govt accepts IMF demand to public officers’ asset declaration

The federal government has fulfilled another condition set by the International Monetary Fund (IMF), making it mandatory for all government officers in Grade 17 and above to publicly declare their assets. A gazette notification for the Civil Servants (Amendment) Bill, 2025 has been officially issued following approval by President Asif Ali Zardari. The bill aims […]

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65 h. ago Brad Pitt Opens Up About Past Mistakes Amid Rising Tension With His Kids After Divorce

Brad Pitt, following his high-profile and tumultuous divorce from Angelina Jolie, is focusing on moving forward in his life, especially with his six children. Although he’s found love again with Ines De Ramon, his relationship with his children remains a challenge, and he’s been reflecting on the mistakes he made during his marriage. The divorce, […]

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66 h. ago ECC demands fair access for farmers left out of Rs37.5bn loan scheme

The Economic Coordination Committee (ECC) has expressed concern over the exclusion of small farmers from Punjab and Sindh in a new Risk Coverage Scheme. The scheme, developed to provide financial support to farmers in underserved areas, currently covers only Khyber Pakhtunkhwa and Balochistan. The ECC has now asked the State Bank of Pakistan (SBP) to […]

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67 h. ago Pakistan’s federal debt hits Rs76 trillion – A new record high

Pakistan’s federal government debt has reached an unprecedented level of Rs76,045 billion (Rs76.045 trillion) as of May 2025, marking the highest figure in the country’s history, according to official data released by the State Bank of Pakistan (SBP). The SBP’s monthly debt bulletin shows that domestic debt accounts for Rs53,460 billion, while external debt stands […]

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67 h. ago SBP pumps Rs13 trillion into banks to calm liquidity jitters

The State Bank of Pakistan (SBP) injected over Rs13 trillion into the banking system on July 4, 2025. The move aimed to maintain short-term liquidity and support banks during inflationary pressure. This included Rs12.647 trillion through conventional Open Market Operations (OMOs), mostly in 14-day instruments at an 11.03% return. Additionally, SBP carried out a Shariah-compliant […]

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67 h. ago A walk of unity: Pakistan, Türkiye & Azerbaijan leaders bond in Khankendi

Prime Minister Shehbaz Sharif held a warm and friendly meeting with Turkish President Recep Tayyip Erdoğan and Azerbaijani President Ilham Aliyev in Khankendi, Azerbaijan, on the sidelines of the Economic Cooperation Organization (ECO) summit. Following the summit, the three leaders took a symbolic walk through the streets of Khankendi, surrounded by picturesque landscapes and deep-rooted […]

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3 d. ago PM emphasizes digital transactions to ensure economic transparency

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday highlighted the importance of implementing a digital transaction system across Pakistan, stressing its potential to bring transparency to the country’s economy. Chairing a meeting on the shift to a cashless and digital economy at the Prime Minister’s House, the prime minister urged the facilitation of payments between citizens […]

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3 d. ago Pakistan, Azerbaijan agree to boost trade and investment cooperation

Prime Minister Shehbaz Sharif on Friday met with President of Azerbaijan Ilham Aliyev on the sidelines of Economic Cooperation Organization (ECO) Summit in Khankendi, Azerbaijan. During the meeting, the two leaders agreed to enhance their cooperation in the fields of trade and investment while expressing satisfaction over the progress made regarding the investment prospects. Both […]

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3 d. ago Govt accelerates EV transition with focus on infrastructure, retrofitting

Ministry of Climate Change and Environmental Coordination (MoCC&EC) on Friday hosted a high-level consultative meeting with electric vehicle (EV) manufacturers and senior government officials to identify strategies for scaling up EV adoption and reducing the country’s reliance on fossil fuels. The meeting, chaired by Secretary MoCC&EC Aisha Humera Moriani, focused on expanding EV charging infrastructure, […]

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