Sometime this year, Pakistan’s freelancers will earn their first billion dollars. In the ten months to April they brought home around $959 million, nearly half again as much as the year before, while total IT exports reached $3.39 billion in the first nine months of this fiscal year, according to the State Bank and Pakistan Software Export Board figures. There are now more than 2.37 million reg
SPEC Refinery Pvt Ltd is advancing plans for Pakistan’s first deep-conversion greenfield refinery at Hub, Balochistan, with an estimated investment of $4.5 billion, a move expected to strengthen energy security and spur industrial development in the country. The development was disclosed during a meeting between Federal Minister for Commerce Jam Kamal Khan and a delegation of SPEC Refinery Pvt
The inflow of overseas workers’ remittances into Pakistan stood at $4.251 billion in May 2026, the State Bank of Pakistan (SBP) data showed on Wednesday. In terms of growth, remittances increased by 20.2% on a month-on-month basis and 15.4% on a year-on-year basis. Cumulatively, workers’ remittances increased by 9.2% to $38.1 billion during Jul-May FY26, compared to $34.9 billion received du
A day after intense selling pressure, buying returned to the Pakistan Stock Exchange (PSX) on Tuesday after Iran and Israel announced a halt to attacks on each other, with the benchmark KSE-100 Index gaining over 2,000 points during the opening minutes of trading. At 9:55am, the benchmark index was hovering at 170,954.65, a gain of 2,000.95 points or 1.18%. Buying was observed in key sectors
Pakistan SADC Chamber Trade Federation (PSCTF) has urged the federal government to undertake wide-ranging structural tax reforms in the FY2026-27 budget, advocating a shift from what it termed an “extractive revenue collection model” to a growth-oriented framework focused on investment, exports, industrial expansion and job creation. In a set of budget proposals submitted to the Ministry of Fin