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Economy

Monetary policy, public finance, trade and the external account.

Data card: Pakistani banks must absorb about $256 million in remittance processing charges this year after the reimbursement scheme ended in July 2026, against roughly $800 million paid annually to overseas institutions
Pakistani banks must absorb about $256 million in remittance processing costs after the reimbursement scheme ended in July. The SBP warns the charge could reach senders.
26 Aug
Data card: Moody's has upgraded Pakistan from Caa1 to B3 with a stable outlook, with interest payments down to 35% of government revenue from 49%, the external vulnerability indicator at 145%, and reserves forecast $1 billion below the IMF path
Moody's has upgraded Pakistan from Caa1 to B3 with a stable outlook, citing lower interest costs and a better external position — while listing every structural weakness that remains.
25 Aug
Data card: Pakistan's high-speed diesel price fell Rs32.63 to Rs363.06 a litre from 20 August after refineries accepted a government request, while petrol rose Rs2.97 to Rs337.51, with diesel crack margins at $60 to $70
Diesel fell Rs32.63 a litre from 20 August after refineries accepted a government request, while petrol rose Rs2.97. The cut came from negotiation, not the pricing formula.
20 Aug
Data card: Pakistan's net foreign direct investment was $179 million in July 2026, up 264% on June but down 20% year-on-year, with power and financial services the leading sectors and China and Canada the largest contributors
Net FDI into Pakistan was $179 million in July 2026, up 264% on June but down 20% year-on-year. The monthly jump measures a rebound from outflows, not a recovery.
19 Aug
Data card: Pakistan's National Job Portal has received 7.1 million applications against about 1,200 job advertisements and 22,999 archived vacancies, with 27.6 million unique visitors and 1.56 million registered candidates
Pakistan's National Job Portal has taken 7.1 million applications against about 1,200 advertisements and 22,999 archived vacancies. The ratio is a labour market measurement, not a portal success metric.
18 Aug
Data card: Pakistan's circular debt grew Rs364 billion in FY26 to Rs1.675 trillion, with Rs262 billion from distribution company inefficiency, Rs194 billion from K-Electric disputes and a Rs98 billion cut to budgeted allocations
Pakistan's power sector circular debt rose Rs364 billion in FY26 to Rs1.675 trillion. Rs262 billion of it was distribution company inefficiency, and a Rs98 billion budget cut did the rest.
17 Aug
Data card: Pakistan's goods transport strike enters day eight with containers backing up at Karachi, as transporters seek a withholding tax cut from 7% to 2% that cannot change before the FY2027-28 budget
Pakistan's goods transport strike is in its eighth day and containers are piling up at Karachi's ports. The transporters' core demand — cutting withholding tax from 7% to 2% — needs a Finance Bill.
16 Aug
the State Bank expects GDP growth of 3.5 to 4.5 percent in FY27 against 3.7 percent delivered in FY26, with inflation targeted at 5–7 percent, reserves above $21 billion and remittances of $44 billion
SBP Governor Jameel Ahmad expects GDP growth of 3.5-4.5% in FY27, inflation of 5-7% and reserves above $21 billion. The bottom of that growth range sits below what Pakistan just delivered.
15 Aug
Data card: Pakistan's fiscal deficit falls to 2.6% of GDP in FY2025-26, a 22-year low, with a Rs3.634 trillion primary surplus, a Rs2 trillion fall in interest payments and a Rs975 billion FBR shortfall
Pakistan's fiscal deficit narrowed to 2.6% of GDP in FY2025-26, the lowest in 22 years. But a Rs2 trillion fall in interest payments did most of the work — the FBR still missed its IMF target by Rs975 billion.
14 Aug
Data card: Pakistan's federal debt reaches Rs83.6 trillion in June 2026, growing Rs15.8 billion a day, up 7.4% year-on-year with short-term domestic debt up 24.8%
Federal debt hit Rs83.642 trillion in June 2026, up 7.4% year-on-year and rising about Rs15.8 billion a day. Short-term domestic borrowing jumped nearly 25%.
13 Aug
Headline CPI eased to 9.2% year-on-year in July, but prices still rose 1.2% on the month and wheat is up 77%. A base effect is doing most of the work.
11 Aug
Policymakers kept the benchmark unchanged and pointed to food prices and the energy tariff schedule as the two variables that will decide the next move.
5 Aug
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