With an improved 4.2 per cent economic growth forecast for next year, the Ministry of Planning and Development cautioned on Monday about the re-emergence of external sector pressure amid easing import control and debt repayments. “The external sector may face pressure, as easing import controls and debt repayments are likely to widen the current account deficit,” said the Ministry of Planning a
Under the tight control of the International Monetary Fund (IMF), next year’s federal development programme cuts allocations for almost all sectors, barring a rise in road building schemes and no changes to parliamentarians’ schemes. Despite this, the Annual Planning Coordination Committee (APCC) cleared the national development programme worth a record Rs4.083 trillion, aided by Punjab and Sin
Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal on Monday said the government will have to prioritise high-value projects, as only Rs880 billion has been allocated for development in the upcoming budget for the fiscal year 2025-26. The government has adopted austerity measures for the upcoming budget — set to be announced on June 10 — in line with the demands of
The Pakistan Crypto Council (PCC) has agreed to form a technical committee to draft a framework for digital and virtual assets, the Ministry of Finance said on Monday. The PCC was officially launched in March to “regulate and integrate blockchain technology and digital assets” into the country’s financial landscape. According to a press release by the finance ministry, the meeting was chaire
Headline inflation rose 3.5 per cent year-on-year in May 2025, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday. On a month-on-month basis, it decreased by 0.2pc in May as compared to a decrease of 0.8pc in the previous month, according to data. This was higher than the finance ministry’s expectations, which had anticipated inflationary outlook to “remain betwe