S&P Global Ratings acknowledged Pakistan's progress in strengthening macroeconomic stability and appreciated the government's commitment to fiscal discipline, debt sustainability, external resilience, and structural reforms. The acknowledgement came during a meeting between a delegation from S&P Global Ratings and Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, held to disc
Pakistan’s total foreign exchange reserves climbed to $18.4bn by the end of fiscal year 2025-26, marking an increase of approximately $5.5bn from $13bn recorded a year earlier, reflecting a significant improvement in the country’s external liquidity position. Speaking on the development, State Bank of Pakistan (SBP) Governor Jameel Ahmad said the buildup in foreign exchange reserves has eased f
Workers' remittances are projected to exceed $41.5bn in fiscal year 2025-26, State Bank of Pakistan (SBP) Governor Jameel Ahmad said, showing continued strong inflows from overseas Pakistanis. Speaking at a media briefing in Karachi, the SBP Governor said that while the final remittance figures for June will be compiled in the coming days, preliminary estimates indicate that total inflows for F
The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Thursday. At close, the local currency settled at 278.15, a gain of Re0.01 against the greenback. On Tuesday, the local unit closed at 278.16. Meanwhile, the US dollar held steady on Thursday as markets awaited key US non-farm payrolls data, while the yen’s slide to 40-year lows against the greenba
Pakistan trade deficit widened to $39.47 billion in the fiscal year ended June 30, 2026 (FY26), up by 21.57% compared to preceding fiscal year 2024-25, Pakistan Bureau of Statistics (PBS) reported on Thursday. The country’s trade deficit hit “four-year high” in FY26, said Topline Securities. In June 2026, the trade deficit was recorded at $4.53 billion. This was over 57% higher compared to t