According to the most recent statistics from the Pakistan Bureau of Statistics (PBS), Pakistan’s exports decreased in April 2025, while imports increased.Exports in April 2025 was Rs611,289 million (provisional), down 17.48% from Rs740,800 million in March 2025 and 6.52% lower than Rs653,957 million in April 2024. In US dollars, exportsRead More →
Loss-making State-Owned Enterprises (SOEs) reported total losses of Rs. 851 billion in FY 2023-24, a 14.03 percent decrease year on year. According to the Ministry of Finance’s most recent aggregate annual report on SOEs, after accounting for government subsidies of Rs. 782 billion and grants of Rs. 367 billion, netRead More →
HANOI: According to Vietnamese police, they have detained five individuals and dismantled a money-laundering network that imported US$1.2 billion (S$1.6 billion) in illicit funds into the nation. Members of the ring, including bank personnel, created 187 firms and opened over 600 corporate bank accounts between 2022 and 2024 by forgingRead More →
Senator Muhammad Aurangzeb, the Federal Minister for Finance and Revenue, has stressed the importance of information technology in Pakistan’s prosperity and stability. During a high-level panel discussion at the World Economic Forum (WEF) on Thursday, Aurangzeb noted that Pakistan had achieved substantial vertical advancement in IT and had the third-largestRead More →
The State Bank of Pakistan stated that the government paid $27.6 million in external debt, resulting in a $27.60 million reduction in foreign exchange reserves to $11.44 billion and 87 million dollars. According to the central bank’s weekly Foreign Exchange Reserves report, commercial bank deposits hit 4.74 billion dollars, aRead More →
ISLAMABAD: On Thursday, the Federal Board of Revenue (FBR) approved the entrance of Azerbaijani registered cars conveying transit and bilateral commerce cargo into Pakistan. The FBR issued SRO.25(I)/2025 on Thursday to notify the Azerbaijan-Pakistan Transit Trade Rules 2024 under the Azerbaijan-Pakistan Transit Trade Agreement, 2024, for the processing of transitRead More →
The federal government has announced that building of the Karachi-Sukkur motorway will begin in 2025. Addressing a meeting in Islamabad on Wednesday, Federal Minister for Communications Aleem Khan stated that the motorway will connect Karachi Port to Sukkur, providing a key link between the country’s north and south. The highwayRead More →
RAWALPINDI (APP) – NLC and DP World have delivered over 1,000 containers between Pakistan and Bangladesh since October, when they launched the first direct shipping route between the two nations, a strategic effort that would considerably improve South Asian commerce and connectivity. Container service between Karachi and Jable Ali willRead More →
Pakistani authorities have secured around $6.3 billion in foreign loans in the first seven months of the current fiscal year. This sum accounts for roughly 35.75 percent of the annual budget projection, despite restricted borrowing opportunities due to low credit ratings and severe global financial market circumstances, even with theRead More →
KARACHI ( PASAR) : As of February 16, 2024, Pakistan’s total liquid foreign reserves was at $13,097.8 million, with the State Bank holding $8,012.8 million.According to a statement published by the State Bank of Pakistan on Thursday, the central bank’s foreign exchange reserves fell by $44 million to $8,012.8 millionRead More →