Pakistan’s import bill increased by 14.3 per cent to $17.8 billion during July to September of fiscal year 2027, outpacing the 7.7 per cent growth in goods exports, which reached $8.5 billion. The widening trade gap contributed to a current account deficit of $874 million, compared with $755 million during the same period last year,…
Prime Minister Shehbaz Sharif has directed the Ministry of Civil Aviation to prepare an expedited feasibility study for launching direct flights between Pakistan and the Maldives. The announcement came during the Pakistan-Maldives Business Forum in Islamabad, attended by visiting Maldivian President Dr Mohamed Muizzu, as both countries seek to strengthen air connectivity, trade and…
Punjab Chief Minister Maryam Nawaz has invited Saudi citizens to explore the province’s tourist destinations, highlighting its cultural heritage, historic landmarks, hospitality and culinary traditions. She also called for stronger economic cooperation between Pakistan and Saudi Arabia, with particular emphasis on investment opportunities and agricultural exports. Maryam Nawaz made the remarks during a meeting with…
ISLAMABAD: Pakistan is entering the final year of its $7 billion, 37-month Extended Fund Facility with the International Monetary Fund (IMF), bringing the country to an important economic crossroads. The key question is no longer simply whether Pakistan can complete another IMF programme, but whether it can strengthen its economy enough to avoid repeatedly seeking…
Pakistan’s current account deficit narrowed significantly to $98 million in August, providing some relief to the country’s external account despite continued pressure from higher oil prices and a widening trade deficit. According to data released by the State Bank of Pakistan (SBP), the current account deficit stood at $98 million in August, compared with $342…
GUANGZHOU: Pakistan and China have taken another step towards strengthening trade, investment and business cooperation with the signing of five memoranda of understanding (MoUs) at the fifth Pakistan Investment and Business Environment Exchange Forum 2026 in Guangzhou. The forum brought together government officials, business leaders, investors and representatives from both countries to explore new opportunities,…
