An International Monetary Fund (IMF) mission will arrive in Islamabad next week to discuss around $1 billion in climate financing for Pakistan, an adviser to the Pakistan finance minister said on Thursday. Advisor to Finance Minister Khurram Schehzad told Reuters that the mission would visit from February 24 to 28 for a “review and discussion” of climate resilience funding. The disbursement
Gold prices in Pakistan continued their upward momentum, touching new highs on Thursday, while mirroring the rise in international markets. In the local market, the price of gold per tola rose Rs1,000 to an all-time high of Rs309,000, while 10-gram gold rose Rs857 to settle at Rs264,917, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). The increase follows a Rs3,800
Fostering sea-borne trade through digitalisation, experts and professionals in ports, shipping, and logistics have raised concerns that Pakistan's logistics industry faces annual losses of approximately $36 billion due to offline trade, which is also contributing to the loss of two to three million jobs in the sector. They shared these views during the 'Pakistan Logistics & Shipping Summit 2025
The government plans to introduce the second package of regulatory reforms by March this year to ensure ease of doing business. While discussing a grant for the Digital Economy Enhancement Project (DEEP) component-II, the Economic Coordination Committee (ECC), in a recent meeting, inquired from the Board of Investment (BOI) about the measures taken to reform the regulatory regime from the persp
The growth in Pakistan's major industries – the largest contributors to taxes and employment – shrank nearly 2% during the first half of the current fiscal year, indicating the adverse impact of high cost of doing business and economic stabilisation. The large-scale manufacturing (LSM) sector registered a negative growth of 1.9% during the July-December period of fiscal year 2024-25 compared wi