Prime Minister Shehbaz Sharif stood on the trading floor of the London Stock Exchange this week and made a claim that Pakistani governments have made many times before, in one form or another: the economy is fixed, the hard part is over, and the numbers prove it. He became the first Pakistani premier to open...
Pakistan and the International Monetary Fund formally opened negotiations in Islamabad this week for the fourth review of the country’s $7 billion Extended Fund Facility and the third review of its $1.4 billion Resilience and Sustainability Facility, with successful completion of both potentially unlocking around $1.2 billion in combined fresh financing. Finance Minister Muhammad Aurangzeb...
An International Monetary Fund mission has begun a fresh round of review talks with Pakistani authorities in Islamabad, opening a roughly two-week assessment of the country’s progress under its $7 billion Extended Fund Facility and $1.4 billion Resilience and Sustainability Facility, even as officials head into the negotiations carrying a familiar mix of missed targets...
Pakistan’s petrol price has climbed by roughly Rs28 per litre since the start of September, according to fuel price tracking confirmed in Thursday’s 11am headlines, as the country’s newly adopted daily pricing mechanism continues to push pump rates upward in near-constant, incremental steps rather than the larger, more predictable fortnightly revisions consumers were accustomed to...
An International Monetary Fund mission will arrive in Pakistan on September 23 to conduct a biannual review of the country’s economic performance under its $7 billion Extended Fund Facility and $1.4 billion Resilience and Sustainability Facility, marking the next major checkpoint in a lending programme that has become central to Pakistan’s fiscal management and, increasingly,...
Master Changan Motors Limited began handing over its Deepal E07 electric “Multitruck” to Pakistani customers this week, nine months after the vehicle was first unveiled at the Pakistan Auto Show in November 2025 at an ex-factory price of Rs19 million. The delivery milestone, arriving with a Rs4 million booking fee structure that has remained unchanged...
Finance Minister Muhammad Aurangzeb called the current salaried tax return form illogical while unveiling the Asaan Tajir mobile app for small traders, and confirmed Pakistan has sought a US Exchange Stabilisation Support Facility.
The federal government on Wednesday announced a sharp reduction in the price of high-speed diesel, cutting the rate by Rs32.63 per litre, while simultaneously raising the price of petrol by Rs2.97 per litre, in one of the more dramatic single-day fuel price revisions the country has seen since shifting to a daily pricing mechanism. According...
There is a particular kind of corporate confidence that travels badly. It shows up in boardrooms in New York, London, and Düsseldorf, gets packaged into a market entry strategy, and then lands in Lagos, Karachi, or Jakarta with the quiet certainty that what worked at home will work anywhere. It almost never does. Emerging markets...
The International Monetary Fund’s Executive Board has approved the disbursement of the latest tranche under Pakistan’s 37-month Extended Fund Facility, releasing funds after concluding a review mission that assessed the country’s progress on fiscal, energy and tax reform benchmarks. The approval brings total disbursements under the programme to well over half of its total value...