Finance Minister Muhammad Aurangzeb on Wednesday confirmed that Pakistan has formally sought a USD 10 billion Exchange Stabilisation Support Facility from the United States, saying the initiative is aimed at strengthening foreign exchange stability and sending a positive signal to international capital markets rather than securing a conventional loan or credit line. Talking to Business Recorder
Pakistan’s trade deficit jumped over 25% to $3.95 billion in July 2026 compared to July 2025, with import payments surging almost 18% on year-on-year (YoY) basis and export earnings improving nearly 10%, as per official data released on Wednesday. The deficit had stood at $3.15 billion in July 2025, the Pakistan Bureau of Statistics (PBS) reported. “Data suggests the underlying import appeti
Pakistan’s fiscal deficit narrowed to 2.6% of gross domestic product (GDP) in the fiscal year 2025-26, its lowest level in more than two decades, said Adviser to the Finance Minister Khurram Schehzad. The deficit, which stood at 7.9% of GDP in FY22, has declined for three consecutive years, while the government recorded a primary surplus, before interest payments, of 2.9% of GDP in FY26, Schehz
S&P Global Market Intelligence believes Pakistan’s monetary policy is likely to remain cautious despite an improving macroeconomic backdrop, as inflationary pressures and external risks continue to shape the country’s economic outlook. The remarks came a day after the State Bank of Pakistan’s (SBP) Monetary Policy Committee kept the policy rate unchanged at 11.5%, citing heightened external ris
Pakistan’s exports of telecommunications, computer and information services surged by around 18% year-on-year to $417 million in July 2026, indicating continued strong momentum in the country’s technology-driven export earnings, according to data released by the State Bank of Pakistan on Tuesday. IT exports stood at $354 million in July 2025. The increase represents a rise of $63 million, un