Pakistan recorded its highest-ever annual inflow of workers’ remittances, receiving $41.59 billion during fiscal year 2025-26, according to figures released by the State Bank of Pakistan (SBP). The amount represents an increase of 8.6 per cent compared with the $38.30 billion received in FY2024-25. The record inflows provided significant support to Pakistan’s external accounts amid…
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,…
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…
Saudi Arabia has extended the tenure of its $3 billion financial facility to Pakistan, providing significant relief to the country’s external financing position and reducing immediate repayment pressure. The move is expected to strengthen Pakistan’s foreign exchange reserves and support overall economic stability. Federal Finance Minister confirmed the extension, describing it as a timely boost…
The State Bank of Pakistan (SBP) has decided to maintain its benchmark policy interest rate at 11.50% following the latest meeting of its Monetary Policy Committee (MPC), signaling a cautious approach as the central bank balances inflation risks with improving economic indicators. The decision reflects the SBP’s strategy of closely monitoring domestic inflation, global commodity…
Pakistan’s total federal government debt reached Rs82 trillion by the end of May 2026, marking an increase of Rs5.9 trillion compared with the same period last year, according to the latest debt bulletin released by the State Bank of Pakistan (SBP). The report shows that the country’s overall federal debt grew by 7.8% year-on-year, slightly…
Pakistan’s gross government domestic debt and liabilities have surpassed the Rs58 trillion mark, highlighting the country’s continued dependence on domestic borrowing to meet its fiscal obligations and finance budgetary expenditures. According to the latest data released by the State Bank of Pakistan (SBP), the government’s domestic debt and liabilities increased to Rs58,089 billion in April…
The governments of Khyber Pakhtunkhwa and Sindh have officially announced four public holidays on the occasion of Eid ul Adha, extending the festive break from Tuesday, May 26, to Friday, May 29. According to official notifications issued by both provincial governments, all government offices and public institutions operating under the provincial administrations will remain closed…
The State Bank of Pakistan has announced the expansion of its nationwide cashless payments initiative for Eidul Azha, aiming to promote digital transactions across cattle markets and reduce reliance on cash. According to the central bank, the “Go Cashless” campaign has been significantly scaled up this year, with coverage increasing from 54 cattle markets in…
Pakistan is set to receive approximately $1.2 billion from the International Monetary Fund (IMF) as the country continues to show progress in implementing key economic reforms. The disbursement includes $1 billion under the Extended Fund Facility (EFF) and an additional $210 million through the Resilience and Sustainability Facility (RSF), pending final approval from the IMF…
