The country has received a total USD763.03 million on account of foreign economic assistance during first month of the Financial Year (FY) 2026-27 which is almost nine percent higher as compared with USD694.53 million received during the same period of FY 2025-26. According to data released by the Economic Affairs Division (EAD) here on Monday, the multilateral, bilateral loans and grants in Ju
The Petroleum Division has designated Inter State Gas Systems (ISGS) as the policy implementation entity for execution of the Pakistan Oil Refining Policy for upgradation of existing/brownfield refineries, 2023, as amended in August 2026. According to an official notification issued on August 24, 2026, the amended policy was approved by the ECC on July 28, 2026 and subsequently ratified by the
Allied Bank continues to strengthen its capacity to navigate evolving market dynamics. Enhanced digital capabilities and operational excellence remain central to delivering superior customer experience and sustainable growth which are complimented by disciplined risk management practices, a diversified portfolio, and a strong capital base. The Bank recorded markup/interest income of Rs. 171,499
Moody’s Ratings (Moody’s) has upgraded Pakistan’s sovereign credit rating to B3 from Caa1, a four-year high, citing improved governance, stronger external buffers and sustained macroeconomic stabilisation, while retaining a stable outlook. The rating agency stated the upgrade to B3 reflects its expectations that improvements in governance will allow the government to sustain the recent improvem
Gold hit a more than three-month high on Tuesday, extending a rally driven by the US Treasury’s recent buyback announcement, while investor focus shifted to key inflation data and a speech later this week by Federal Reserve Chair Kevin Warsh. Spot gold was up 0.4% at $4,668.19 per ounce, as of 0146 GMT, after hitting its highest since May 14 earlier in the session. US gold futures rose 0.6%