The Ministry of Finance (MoF) on Wednesday reported the aggregate losses of the state-owned enterprises (SOEs) at Rs851 billion during 2023-24 and their total loans at Rs9.2 trillion — almost equal to FBR revenues — posing serious financial and credit risks. In its Aggregate Annual Report of federal SOEs for FY24, as required under the IMF programme, the MoF said that after accounting for prof
Pakistan Stock Exchange (PSX) on Tuesday closed on a highly bullish note as increased investor interest in lucrative stocks propelled the benchmark KSE-100 index higher by 1,345 points. Investor optimism was driven by several factors, including the approval of $40 billion in investment under the country partnership framework by the World Bank, rising global crude oil prices, robust textile expo
Pakistan plans to double its exports within the next three to five years, with a particular focus on the Gulf Cooperation Council (GCC) market, according to Finance Minister Muhammad Aurangzeb. Speaking to Asharq Business and Bloomberg during his visit to Saudi Arabia for the Alula Conference for Emerging Market Economies 2025, Aurangzeb outlined the country’s ambitions to significantly boost i
Pakistan's exports in January 2025 stood at $2.95 billion, reflecting a 6% year-on-year (YoY) increase. However, imports rose at an almost double pace at 11% YoY and as a result, trade deficit widened 18% to $2.3 billion. Exports rose 1% month-on-month (MoM) while imports declined 2% compared to the previous month. Notably, petroleum imports increased 3% YoY but dropped 12% MoM. According to
Federal Minister for Petroleum Dr Musadik Malik has said that after a decade 40 new offshore and 31 onshore blocks have been offered for oil and gas exploration. Speaking at the 30th Annual Technical Conference and Oil Show on Tuesday, the minister said a significant portion of Pakistan's natural resources had remained unexplored and invited international investors to capitalise on opportunitie