News

Low savings hamper growth: SBP chief

Pakistan’s domestic savings have dropped to just 7.4 per cent of GDP — far below the regional average of 27pc — creating chronic reliance on external financing and contributing to recurring economic boom-bust cycles, said State Bank Governor Jameel Ahmed on Monday. Speaking at the conference ‘Unlocking the Capital Markets Potential for Banks’, Mr Ahmed said the country’s low savings rate, coupl

Cotton output falls 17pc amid Punjab slump

Cotton arrivals in Pakistan dropped 17 per cent year-on-year to 887,400 bales as of Aug 15, primarily due to a sharp decline in Punjab’s output, raising concerns over the country’s domestic production outlook. According to data rel­ea­sed by the Pakistan Cot­ton Ginners Association (PCGA) on Monday, Pun­jab — once showing a 3pc increase in arrivals by July 31 — witnessed a re­­v­ersal by mid-Au

Aurangzeb signals pro-business industrial policy

Finance Minister Moham­mad Aurangzeb on Monday said the government is finalising an industrial policy aimed at fostering a business-friendly environment and accelerating industrialisation, as Pakistan moves towards macroeconomic stability and sustainable growth. Speaking at a consultative workshop titled ‘Unlocking Capital Market Potential for Banks’, organised by the Securities and Exchange Co

Sustainable bonds planned amid tight global markets

With conventional capital markets remaining uncertain and largely unfavourable, Pakistan plans to shift its focus towards Sustainable Bonds and Panda Bonds over the next three years to diversify external financing and tap into climate-related funding opportunities. According to the Medium Term Debt Strategy (MTDS 2026–28), external financing will continue to prioritise multilateral and bilatera

PSX rises for eighth week on rating upgrade, strong results

The Pakistan Stock Exchange (PSX) extended its bullish run for the eighth consecutive week, underpinned by Moody’s sovereign rating upgrade, strong corporate earnings and optimism over policy continuity. Despite intermittent volatility, the KSE-100 index touched an all-time high of 147,005 points during the four-day trading week before settling at 146,492 points on Friday, gaining 1,109 points or