Pakistan economy Archives - Page 5 of 11

Pakistan-Russia Economic Cooperation Pact 2030: Islamabad, Moscow Eye Trade Expansion and Gwadar Connectivity

Dua Sehar2 months ago02 mins

Pakistan and Russia are moving towards a new era of economic partnership as both countries work on signing a comprehensive Programme of Economic Cooperation by 2030. The initiative aims to strengthen bilateral trade, attract investment, and eliminate barriers that have historically limited business relations between Islamabad and Moscow. The development emerged during a webinar discussing…

Pakistan Inflation Hits 22-Month High Amid U.S.-Iran Crisis and Rising Energy Costs

Dua Sehar2 months ago03 mins

Pakistan’s inflation rate surged to 11.7 percent in May 2026, reaching its highest level in 22 months and raising concerns about the country’s economic outlook. According to data released by the Pakistan Bureau of Statistics (PBS), headline Consumer Price Index (CPI) inflation increased from 10.9 percent in April to 11.7 percent in May on a…

Govt Cuts Petrol Price by Rs4 Per Litre, Diesel Price Remains Unchanged

Dua Sehar2 months ago03 mins

The Government of Pakistan has announced a fresh reduction in petrol prices, providing much-needed relief to consumers across the country. According to a notification issued by the Ministry of Energy’s Petroleum Division, the price of petrol has been reduced by Rs4 per litre for the next fortnight. Following this adjustment, the new petrol price stands…

CPEC Coal Fertiliser Plant Secures $1.12 Billion Investment to Boost Pakistan Agriculture

Dua Sehar2 months ago02 mins

Pakistan has taken a significant step toward agricultural and industrial development with the establishment of its first coal-based fertiliser plant under the China-Pakistan Economic Corridor (CPEC). The project has secured an investment of $1.12 billion and is expected to transform the country’s fertiliser production sector. The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI)…

Health and Education Now Top Priorities After Economic Stability, Says Aurangzeb

Dua Sehar2 months ago04 mins

Health and Education Now Top Priorities After Economic Stability, Says Aurangzeb ISLAMABAD – Finance Minister Muhammad Aurangzeb has said that Pakistan is now shifting its focus toward health, education, skills development, and social protection after making significant progress in achieving economic stability. The remarks were made during a meeting with a World Bank delegation led…

Gold Prices Fall Sharply in Pakistan as Global Bullion Market Weakens

Dua Sehar2 months ago03 mins

Gold Prices Fall Sharply in Pakistan as Global Bullion Market Weakens ISLAMABAD – Gold prices witnessed a significant decline in Pakistan on Wednesday, reflecting losses in international bullion markets as investors reacted to inflation concerns, geopolitical tensions, and uncertainty surrounding future interest rate decisions. According to the All-Pakistan Gems and Jewellers Sarafa Association, the price…

Centre Seeks Rs1.7 Trillion Cut in Provincial NFC Share, Says KP Finance Adviser

Dua Sehar2 months ago05 mins

Centre Seeks Rs1.7 Trillion Cut in Provincial NFC Share, Says KP Finance Adviser ISLAMABAD – Khyber Pakhtunkhwa Finance Adviser Muzammil Aslam has claimed that the federal government is seeking a reduction of Rs1.7 trillion in the provinces’ share under the National Finance Commission (NFC) Award, while also urging provincial governments to increase tax collection and…

Pakistan’s Non-Interest Current Expenditure Rises 18.8% in 9MFY26 Despite Lower Overall Spending

Dua Sehar2 months ago04 mins

Pakistan’s Non-Interest Current Expenditure Rises 18.8% in 9MFY26 Despite Lower Overall Spending ISLAMABAD – Pakistan’s non-interest current expenditure increased by 18.8 percent during the first nine months of fiscal year 2025-26, according to a report presented by the Planning Commission to the Annual Plan Coordination Committee. The increase came despite an overall decline in total…

Pakistan Sets Target of 2 Million New Jobs in FY27 to Boost Economic Growth

Dua Sehar2 months ago04 mins

Pakistan Sets Target of 2 Million New Jobs in FY27 to Boost Economic Growth ISLAMABAD – The federal government has announced an ambitious target of creating 2 million new jobs during the fiscal year 2026-27 as part of its broader strategy to accelerate economic growth, reduce unemployment, and improve living standards across the country. According…

Sharp Cut In Jet Fuel Rates Expected To Ease Airline Costs In Pakistan

Dua Sehar2 months ago02 mins

Pakistan has announced a significant reduction in jet fuel prices, a move expected to provide relief to the aviation sector by lowering airline operating costs and potentially reducing airfare prices for travelers. According to aviation industry sources, the price of jet fuel used by commercial aircraft has been reduced by Rs48.80 per litre. Following the…