Pakistan’s current account posted a massive surplus of $459 million in May 2026, data released by the State Bank of Pakistan (SBP) showed on Wednesday. The surplus follows a deficit of $276 million recorded in April 2026 and a deficit of $44 million in May 2025. The surplus came from significantly higher remittance inflows and a marginal increase in exports during the month. “The primary
Port Qasim has been ranked fifth among the world’s 20 fastest-improving container ports over the 2020–2025 period. According to the Container Port Performance Index (CPPI) 2025, jointly published by the World Bank Group and S&P Global Market Intelligence, the port Qasim CPPI score climbed to 60.1 in 2025 from a baseline of 8 in 2020, a 52-point gain. Port Elizabeth in South Africa posted an
Dr Kabir Ahmed Sidhu, Chairman, Securities and Exchange Commission of Pakistan (SECP) on Monday unveiled an ambitious reform agenda aimed at expanding Pakistan’s investor base, promoting financial literacy and accelerating the development of the country’s capital markets during his first official visit to the Pakistan Stock Exchange (PSX). Addressing a gong ceremony after ringing the trading be
Deputy Prime Minister and Foreign Minister (DPM/FM) Senator Mohammad Ishaq Dar chaired a series of high-level meetings to review the Auto and Auto Parts Policy, with particular focus on accelerating Pakistan’s transition towards Electric Vehicles (EVs). The committee was briefed on measures aimed at promoting EV adoption, strengthening domestic manufacturing capacity, and facilitating industry
The dollar eased on Wednesday ahead of the Federal Reserve’s first policy decision under Chair Kevin Warsh, with lingering optimism over an interim US-Iran peace deal underpinning risk appetite and dampening demand for the US currency. The yen found little respite against a weaker greenback and teetered further into intervention territory, after a well-telegraphed Bank of Japan (BOJ) rate hik