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Government raises privatization revenue target after missing FY2025-26 goal by a wide margin.
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Financing will modernise the transmission network, improve grid stability and support renewable energy integration
ISLAMABAD: The World Bank has approved $375.9 million in financing for the World Bank Pakistan power grid project, launching the first phase of a 10-year programme to modernise the country’s electricity transmission network, reduce power outages and accelerate the integration of renewable energy.
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Asian Development Bank cuts FY2027 growth forecast, warns of higher inflation from energy costs
ISLAMABAD: The Asian Development Bank (ADB) on Thursday said Pakistan’s economy grew 3.7% in fiscal year 2025-26 (FY2026), driven by strong expansion in the industrial and services sectors and modest growth in agriculture, while lowering its growth forecast for the current fiscal year due to rising energy costs and external uncertainties.
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Finance minister says British Pakistanis remain a vital bridge for remittances, Roshan Digital Accounts, investment and broader economic cooperation.
(more…)Finance minister says SBP-led task force will expand SME financing and strengthen private sector credit to support sustainable economic growth.
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Finance minister says policy consistency, tax reforms and export-led growth remain central to Pakistan’s economic strategy during meeting with Pakistan Business Council.
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Quarterly fund release schedule and tighter financial controls introduced to improve cash management and execution of development projects.
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State Minister says Pakistan’s digital assets strategy prioritizes national interests while positioning the country as a global contributor to emerging financial regulations.
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Profit and dividend outflows to China jump 63% as Chinese-backed businesses report stronger earnings
(more…)Finance Minister Muhammad Aurangzeb-led committee clears appointments at PNSC and IRADA, approves PSO agreement for power distribution companies.
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