Foreign exchange reserves top $17b

Pakistan’s total liquid foreign exchange reserves rose to $17.1 billion as of June 13, 2025, according to data released by the State Bank of Pakistan (SBP) on Thursday. During the week ended June 13, SBP-held reserves increased $46 million, reaching $11.7 billion. Meanwhile, net foreign reserves held by commercial banks stood at $5.3 billion. The […]

MPs break ground with budget review

Former energy and finance minister Naveed Qamar said Parliament has made history by reviewing the 2025-26 budget word by word through its standing committees on finance and revenue. Speaking at a parliamentary consultation titled ‘Budget 2025-26: Numbers and Beyond’ on Thursday, Qamar noted that for a hundred years, the budget-making process remained the sole domain […]

Cotton woes hurt textile exports

Pakistan’s textile exports — the country’s largest export-earning sector and a crucial pillar for its trade balance — recorded a 2% year-on-year (YoY) decline in May 2025, totalling $1.53 billion compared to $1.55 billion in the same period last year. The drop was primarily driven by reduced shipments of cotton yarn, cotton cloth, bedwear, towels, […]

Govt pursues Russian investment in mining

Federal Minister for Energy Ali Pervaiz Malik is leading Pakistan’s delegation to the St Petersburg International Economic Forum (SPIEF) 2025 from June 18–21, 2025. According to an official statement issued Thursday, Malik held key meetings on the sidelines of the forum, including one with his Russian counterpart, Sergei Tsivilev, who also chairs the Pakistan-Russia Inter-Governmental […]