ISLAMABAD: The Asian Development Bank (ADB) has expressed concern that a $360 million (Rs108 billion) loan earmarked for the Central Asia Regional Economic Cooperation Corridor (Carec) Development Investment Programme’s Tranche III could lapse next year without project’s completion. The significant delay in utilising the loan is mainly due to the failure of the Tranche III … Read more
ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Saturday announced plans to establish a 100-acre seafood processing and export zone at the Korangi Fisheries Harbour Authority (KoHFA), with an estimated cost of $80 million, to promote the blue economy and expand Pakistan’s footprint in global seafood trade. In a statement, the minister … Read more
• Banks receive 30pc fewer dollars in 1HFY26• Untraceable outflows raise questions over currency flows KARACHI: Banks received 30 per cent fewer US dollars from exchange companies in the first half of the current fiscal year, according to official data. Exchange companies sold about $1.4 billion to banks during July-December FY26, compared with around $2bn … Read more
KARACHI: Pakistan and Indonesia have signed a memorandum of understanding to establish an Indonesia-Pakistan Joint Trade Committee (JTC) to strengthen trade dialogue, facilitate cooperation and address opportunities and challenges in bilateral trade. The MoU was signed after high-level talks in Islamabad on Friday, led by Commerce Minister Jam Kamal Khan and visiting Indonesian Vice Minister … Read more
• PM-appointed panel calls for measures to improve ease of doing business• Seeks tariff overhaul to lift exports beyond $60bn in three years• Highlights cross-cutting barriers across 20 export products• Notes ‘policy unpredictability’ undermines investor, buyer confidence ISLAMABAD: A body constituted by the prime minister and led by Minister for Planning Ahsan Iqbal has called … Read more
ISLAMABAD: Prime Minister Shehbaz Sharif has thanked overseas Pakistanis for sending record remittances in Dec 2025 which surpassed figures of the last year. In a statement here on Sunday, the prime minister said patriotic Pakistanis living abroad remitted 3.6 billion dollars in Dec 2025, which reflects their strong commitment to the country’s economic stability. He … Read more
ISLAMABAD: The Federal Board of Revenue missed its revenue collection target by nearly Rs331 billion in the first half of 2025-26, driven by a fall in domestic sales tax and income tax collection. The FBR collected Rs6.159 trillion during July-December period against the target of Rs6.490tr. However, the collection is 10pc higher compared to the … Read more
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday launched the government’s Economic Governance Reforms, saying Pakistan had moved out of “economic firefighting” after two years of politically difficult decisions that, he claimed, restored macroeconomic stability, pushed inflation down to 4.5 per cent and lifted foreign exchange reserves to over $21 billion. Speaking at the launch ceremony, … Read more