Preparations for the upcoming federal budget for fiscal year 2025-26 are underway, with the government reviewing key fiscal plans in coordination with the International Monetary Fund (IMF). Finance Minister Muhammad Aurangzeb, today briefed the visiting IMF Mission on Pakistan’s macroeconomic outlook, fiscal strategy, reform priorities, and the government’s ongoing efforts to ensure sustainable
Pakistan’s economy grew by 3.99% year-on-year in the third quarter of fiscal year 2025-26, with industry emerging as the key driver, according to data released by the National Accounts Committee (NAC) on Wednesday. The latest figures, compiled by the Pakistan Bureau of Statistics, overall GDP for Q1 and Q2 for FY 2025-26 have witnessed revised upward growth of 3.92% and 4.05%, as compared to 3.
Top Chinese and US negotiators discussed “resolving” trade friction between their economies as they met for talks on Wednesday, setting up a highly anticipated summit between Donald Trump and Xi Jinping. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng met in South Korea for “economic and trade consultations”, Chinese state media reported. The two sides held “a candid,
Pakistan on Wednesday launched the IBI Pakistan Digital Economy Headquarters in Islamabad, an integrated platform under the China-Pakistan Economic Corridor (CPEC) focused on trade facilitation, supply chain digitisation, and SME empowerment. The initiative, established by Chinese industrial e-commerce giant IBI Guolian Gufan, will serve as a ‘Digital Silk Road’ and is expected to support more
Oil prices rose on Thursday, with markets focusing on the high-stakes meeting between U.S. President Donald Trump and Chinese President Xi Jinping to see if it will yield any positive result on the Iran war, which has significantly disrupted global oil supply. Aside from trade matters, Trump is expected to encourage China to convince Tehran to make a deal with Washington to end the conflict, bu