Economy posts surprise growth of 2.7%

The government on Tuesday claimed that the economy grew by 2.7% in the current fiscal year, driven by an unexpected 4.8% growth in the industrial sector — despite earlier concerns over contractionary policies and the high cost of doing business. Throughout the year, the government had reported a decline in electricity generation. However, it now claims […]

IMF official visits amid budget talks

The International Monetary Fund (IMF)’s regional director, Jihad Azour, is visiting Pakistan this week in the middle of negotiations for approval of the new budget, as both sides are taking time to converge on key issues of increasing taxes and rationalising expenses. Government sources told The Express Tribune that Jihad Azour, the IMF’s Director for […]

Gold inches up over global rally

Gold prices in Pakistan remained relatively stable on Tuesday, despite a rise in international markets for the precious metal. The increase was influenced by a weakening US dollar and ongoing uncertainty about the US tariff policies as well as ceasefire talks between Russia and Ukraine. Domestically, the price of gold inched up Rs300 per tola, […]

Auto parts makers decry new tariff policy

The Pakistan Association of Auto Parts Manufacturers (PAAPAM) has raised serious concerns over the government’s newly announced National Tariff Policy 2025–30, warning that its implementation could result in the closure of a majority of local auto parts manufacturing firms. The policy, which sets a 15% peak tariff, risks destabilising Pakistan’s industrial sector by exposing domestic […]