Pakistan’s IT sector emerged as a key source of foreign exchange in FY2026, with ICT export remittances increasing by 19.7 percent to USD 3.38 billion during July-March, compared with USD 2.83 billion in the same period last year, according to the Economic Survey of Pakistan 2025-26 released on Thursday. The country also formally moved toward the 5G era through a spectrum auction worth around U
The Economic Survey 2025-26 has revealed that Pakistan’s net exports remained negative, underscoring the persistent need to strengthen export capacity and diversify the country’s export base. According to the survey, trade openness—measured as the ratio of exports and imports to GDP—stood at around 30 percent, indicating significant potential for deeper integration into global markets. The e
Pakistan’s economy grew 3.7% in FY2025-26, missing the government’s 4.2% target announced in last year’s budget, the Economic Survey 2025-26 showed. Finance Minister Muhammad Aurangzeb released the report on Thursday, a day before the federal budget. Asked about an International Monetary Fund (IMF) agreement on budgetary targets, the finance minister said discussions were continuing. “We are
A global cyber security company disclosed Thursday that the attacks on the manufacturing sector during first quarter of 2026 has been increased in multiple regions, warning Pakistani companies to improve their cybersecurity controls. According to a new Kaspersky ICS CERT report, in first quarter-2026 the percentage of industrial control systems (ICS) on which malicious objects were blocked reac
The World Bank on Thursday cut its global growth forecast for 2026 to 2.5 percent due to the war in the Middle East, and said growth could slow to just 1.3 percent if energy supply disruptions prove more severe and come with substantial stress in financial markets. Global growth reached 2.9 percent in 2025, the bank said in its semi-annual Global Economic Prospects, up 0.2 percentage point from