LONDON: Pakistan received $6.9 billion in remittances from the United Kingdom during the last financial year, while total remittance inflows reached $41.6 billion, Finance Minister Muhammad Aurangzeb said on Thursday. Speaking at a Pakistan Investment Roundtable in London, Aurangzeb said total remittances were expected to rise to around $44 billion […]
ISLAMABAD: Global ratings agency Moody’s has upgraded Pakistan’s sovereign credit rating to B3 from Caa1, citing improvements in governance, the country’s external position and fiscal metrics while maintaining a stable outlook. The two-notch upgrade marks another positive assessment of Pakistan’s improving macroeconomic stability and debt affordability after a period of […]
ISLAMABAD: The All Pakistan Goods Transporters Alliance has announced a nationwide wheel-jam strike from August 8, warning that the suspension of freight movement could disrupt the supply of essential commodities if the government does not accept its demands. The announcement was made during a press conference at the National Press […]
ISLAMABAD: Pakistan and Iran on Tuesday reaffirmed their commitment to increase bilateral trade to $10 billion and accelerate negotiations on a free trade agreement as the two neighbouring countries moved to strengthen economic ties despite longstanding logistical and banking challenges. The commitment was made during the 10th Pakistan-Iran Joint Trade […]
WEB DESK: The State Bank of Pakistan (SBP) on Monday kept its key policy interest rate unchanged at 11.5% following the latest meeting of its Monetary Policy Committee (MPC). The central bank said the committee had decided to maintain the benchmark rate in view of prevailing economic conditions, signalling the […]
WEB DESK: Gold prices in Pakistan registered a modest increase on Monday in line with gains in the international market after a sharp decline in the previous trading session. According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola in the local market […]
WASHINGTON: The United States has imposed a 10% tariff on goods imported from Pakistan under a new trade action affecting 60 trading partners, citing what the Trump administration described as inadequate enforcement of forced labour import bans. Pakistan is among 18 countries assigned a 10% tariff rate, alongside Canada, the […]
ISLAMABAD: Pakistan’s large-scale manufacturing (LSM) output declined by 0.98% year-on-year in May 2026, according to data released by the Pakistan Bureau of Statistics (PBS). On a month-on-month basis, however, industrial production increased by 1.21% compared with April 2026. The PBS said overall LSM output grew by 5.77% during the July-May […]
ISLAMABAD: Pakistan and the United States have discussed the best available options for the acquisition of 16 new aircraft for Pakistan International Airlines (PIA) during a high-level meeting between Interior Minister Mohsin Naqvi and Boeing Global President Brendan Nelson in Washington. According to an official statement, Mohsin Naqvi, accompanied by […]
KARACHI: Private domestic airline South Air launched its scheduled regional flight operations on Thursday from Karachi’s Jinnah International Airport, marking an expansion of the airport’s domestic connectivity, according to the Pakistan Airports Authority (PAA). The airline commenced its services with scheduled flights from Karachi to Islamabad and Quetta, while operations […]