By Staff Reporter : Islamabad: Finance Minister Muhammad Aurangzeb on Tuesday presented the federal budget for the fiscal year 2025-26, outlining key reforms and growth targets aimed at building a “competitive economy” amid calls for stability and equity. Unveiling a total budget outlay of Rs17.6 trillion—down by Rs1.3 trillion from the outgoing year—the government has…
Report by Riaz Hussain : A few banks, informally referred to as “export banks,” dominate the inflow of export proceeds and are among the few institutions capable of arranging U.S. dollars. However, a persistent dollar shortage continues to widen the gap between the official exchange rate and the market-driven value. According to the Exchange Association,…
Monitoring Desk : Fitch Ratings has upgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-’ from ‘CCC+’, reflecting growing confidence in the country’s recent economic reforms and fiscal discipline. The outlook remains Stable. In a statement issued Tuesday, Fitch cited Pakistan’s strides in narrowing budget deficits, implementing structural reforms, and adhering to its IMF…
