Pakistan’s headline inflation is expected to return to double digits in August, with food and transport costs driving the monthly increase, say analysts. Inflation is projected at between 10.75%-11.3% year-on-year in August, up from 9.21% in July, according to estimates from Ismail Iqbal Securities, Topline Securities and JS Global. The readings would mark a sharp increase from the 3% recorded
As Pakistan engages with an International Monetary Fund mission over revenue targets and fiscal discipline for FY2026-27, the huge amount lost annually to illicit trade have come into sharper focus as one of the most immediate and credible sources of revenue recovery available to the government. The IMF, which has urged Pakistan to expand its tax base and strengthen revenue collection mechanism
The government on Tuesday reiterated its commitment to continue implementing agreed structural reforms as Pakistan and the International Monetary Fund (IMF) formally kicked off negotiations for the fourth review of the USD 7 billion Extended Fund Facility (EFF) and the third review of USD 1.4 billion Resilience and Sustainability Facility (RSF). Finance Minister Muhammad Aurangzeb held a virtua
The government on Tuesday reiterated its commitment to continue implementing agreed structural reforms as Pakistan and the International Monetary Fund (IMF) formally kicked off negotiations for the fourth review of the USD 7 billion Extended Fund Facility (EFF) and the third review of USD 1.4 billion Resilience and Sustainability Facility (RSF). Finance Minister Muhammad Aurangzeb held a virtua
Oil prices rose on Wednesday after US President Donald Trump denied he would be willing to ease sanctions on Iran while Qatar pushed for peace talks, after falling in the previous session on a recovery in crude supply from the Middle East. Brent crude futures rose $1.14, or 1.11%, to $103.73 a barrel by 0131 GMT. US West Texas Intermediate crude gained 34 cents, or 0.38%, to $89.72. Brent