ADB Warns Flood Risks Threaten Pakistan’s Economic Growth Islamabad — The Asian Development Bank (ADB) has cautioned that recurring natural disasters, particularly floods, continue to threaten Pakistan’s economic stability despite signs of recovery. In its latest Asian Development Outlook report, the ADB projected Pakistan’s GDP growth to hover around 3% in FY2026, with inflation expected […]
Audi Sets Ambitious Sales Target as It Looks to Rebound Audi is aiming high. The German luxury carmaker is quietly eyeing an annual sales record, signaling a more aggressive strategy after several challenging years that saw its sales slip. The brand has been a source of concern for parent company Volkswagen, grappling with delayed model […]
Pakistan Aims to Reduce Debt, Curb Inflation, and Boost Growth by 2028 ISLAMABAD – The Finance Ministry has unveiled ambitious plans to ease Pakistan’s debt burden, control inflation, and stimulate economic growth over the next five years. According to the Medium-Term Debt Strategy, the government aims to reduce public debt from the current 66 percent […]
ECNEC Approves 28 Major Projects to Boost Economy, Improve Services ISLAMABAD – The Executive Committee of the National Economic Council (ECNEC) met in Islamabad today, bringing together federal ministers, provincial planning officials, top bureaucrats, and representatives from Gilgit-Baltistan and the National Highway Authority. Chaired by Finance Minister Ishaq Dar, the meeting reviewed and approved 28 […]
Pakistan Plans to Boost Esports and Gaming Industry ISLAMABAD – The government of Pakistan is working to officially recognize esports as a part of the economy, with hopes to create jobs, support youth, and build digital skills. A high-level meeting was held in Islamabad, chaired by Federal IT Minister Shaza Fatima Khawaja and PM Youth […]
SIFC, by this initiative, has simplified international payments and boosted the country’s freelance ecosystem. The trial project, launched earlier this year, lets 10,000 freelancers receive payments via PayPal through a mediator, without requiring them to create PayPal accounts themselves. The system, PayPal for Pakistani freelancers, makes sure that payments sent from abroad are directly deposited […]
After 3.3-percent growth last year, the world economy is now expected to expand by a “modest” 2.9 percent in 2025 and 2026, the Paris-based Organisation for Economic Co-operation and Development said. In its previous report in March, the OECD had forecast growth of 3.1 percent for 2025 and 3.0 percent for 2026. Since then, Trump […]
The company’s struggling US wholesale business returned to revenue growth after six quarters of decline, as newness in its collections, including men’s apparel, attracted demand from retailers. Still, executives on a post-earnings call said they expect the channel to be flat in 2025. “We recognize there continues to be a lot of uncertainty related to […]
The LSM however grew by 0.02 percent on a year-on-year basis (YoY) in October 2024 when compared to the same month of last year and 111.60 percent on a month-on-month (MoM) basis when compared to September 2024. The provisional quantum indices of Large Scale Manufacturing Industries (LSMI) for October 2024, with the base year 2015-16, […]
According to reports, the survey highlights significant economic progress over the past year, marked by consistent growth in the Pakistan Stock Market (PSX). The report also noted the establishment of several economic records during the fourth quarter and projected further improvements in the coming months. It revealed a fourfold increase in the number of citizens […]
