Pakistan’s textile exports recorded a slight decline of 0.5% during July–March FY2025-26, reaching $13.545 billion compared to $13.613 billion in the same period last year, according to data from the Pakistan Bureau of Statistics. On a yearly basis, exports dropped 7.06% in March 2026 to $1.328 billion, down from $1.430 billion in March 2025. However, […]

Federal Minister for Finance and Revenue Muhammad Aurangzeb held a meeting with Tsutomu Yamamoto, Managing Director of the Multilateral Investment Guarantee Agency, during the World Bank-IMF Spring Meetings 2026. During the meeting, the finance minister welcomed MIGA’s proposal to provide a short-term trade finance facility of up to $500 million. He highlighted that this support […]

A Chinese tyre company, Service Long March Tyres, has announced a new investment of $120 million in Pakistan. This move shows strong confidence in the country’s growing industrial sector and its future potential. The company aims to increase its exports significantly, with a target of reaching $100 million in the coming year. Officials shared that […]

The State Bank of Pakistan (SBP) has introduced a new facility to encourage more overseas Pakistanis to send money home through official channels. Exchange companies can now book PKR rates in advance for up to five working days after receiving home remittances. Under this revised framework, exchange companies can enter into short-term forward sale agreements […]

Saudi Arabia is moving forward with a huge $10 billion investment to build one of Pakistan’s largest oil refineries in Gwadar, Balochistan. This major project is expected to greatly improve Pakistan’s energy security and reduce its heavy dependence on imported refined petroleum products. The refinery will be a joint venture between Saudi Aramco and Pakistani […]

The Punjab government has announced a targeted monthly subsidy of Rs 80,000 for owners of large transport vehicles to provide relief from rising fuel prices. Chief Minister Maryam Nawaz announced as part of a broader relief package for the transport sector. Under the scheme, registered large trucks will receive Rs 80,000 per month, while small […]

Pakistan’s economy recorded a 3.89% growth in the second quarter of fiscal year 2025-26 (October to December 2025). This is the highest second-quarter growth in the last four years, according to official data released by the Pakistan Bureau of Statistics (PBS) and approved by the National Accounts Committee. The industrial sector was the main driver […]

The Punjab government has approved Rs 8.5 billion under the Punjab Development Programme to improve water supply and sewerage systems in Rawalpindi through the Water and Sanitation Agency (WASA). Out of the total amount, Rs 3.5 billion has been allocated for a water supply project in Union Councils 76 and 77. This scheme includes the […]