July 13, 2026
Pakistan's State Bank holds $18.47 billion in foreign exchange reserves — six times what it held in February 2023, when the country came within weeks of defaulting. The SBP Governor says the target is $20.2 billion by December. Aflatoon AI on what $18 billion in reserves actually means, and what it doesn't.
Islamabad: Telecom service providers have criticized the government for tying the 5G spectrum auction to the US dollar, arguing that the policy puts financial pressure on the telecom industry and delays network development. The foreign currency pricing spectrum and reliance on heavy upfront fees puts an avoidable burden on the industry and slows network growth. A pragmatic, long-term approach – aligned with national goals and grounded in domestic economic realities – is necessary to deliver affordable internet at scale and unleash Pakistan’s digital growth, said Aamir Ibrahim, CEO of Jazz. The Cabinet’s Economic Coordination Committee (ECC) recently approved the deployment
SBP imports Rs2.06tr, gold crosses Rs473,000/tola and silver crosses Rs7,900/tola on global rally Almost 87% of foreign loans were for financing the budget and building up foreign exchange reserves, which meant that these had not been used to build assets. PHOTO: FILE KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) rose marginally in the week ended December 19, 2025, increasing by $16 million to $15,902.5 million from $15,886.5 million a week earlier, according to official data released by the central bank. The country’s total liquid foreign exchange reserves stood at $21,022.6 million as of December
Chief Minister Sindh Syed Murad Ali Shah meets Prince Mansoor Bin Mohammad Al Saud, president of Saudi-Pakistan’s Joint Business Council at Sindh Cm House, Karachi, October 9th 2025.-CM House Sindh has a portfolio of $ 5 billion in Saudi Arabia’s investors. Prince Mansoor binds investment in many sectors. CM invites Saudi Arabia to work on the development of Sindh. Chief Minister Sindh Syed Murad Ali Shah and Prince Mansoor bin Mohammad Al Saud, president of the Saudi Arabian Community Council, agreed on Thursday to deepen the economic cooperation between Sindh and Saudi Arabia, paving the way for investment in many
It’s been a week when celebrities, toilets and even robots made headlines for all the wrong reasons, but the leading pop star Robbie Williams unexpectedly found himself in the role of crusader against corruption in Bulgaria. Two Bulgarian transport inspectors were fired after a bribery of 500 euros from Robbie’s escort during a traffic stop. Officials fled to Google Translate to explain their fraud to truck drivers, even indicating those who do not come in cash in an ATM. “Robbie Williams is more effective in combating corruption by Bulgarian institutions,” one Bulgarian commentator said. Meanwhile, in Los Angeles, a different
The federal government has signed a historic RS1.225 trillion funding agreement with a consortium of 18 banks to deal with the country’s balloon sector. Finance Minister Aurangzeb described the signed transaction as the largest restructuring agreement in the country’s history. The key question now is why this deal is called a game change game – and what really means for the usual Pakistanis. Will it reduce the cost of electricity, reduce circular debt weight or improve the effectiveness of the energy sector? To answer these questions, Express Tribune is depressing the agreement on simple, clear terms so that readers can
The hills near the Copper Mine Reko Diq in the Backedan. – Reuters/file Only the most favorable loan terms to be selected by the commitments. Reko DIQ predicted to produce $ 74 billion in free cash flow in 37 years. Employees who are confident in executing the project at the initial cost of $ 6.7 billion. Islamabad: Noting a basic discovery of Pakistan’s mining, Reko Diq Mining Company (RDMC) has secured more than $ 5.5 billion in funding commitments by international financial institutions (IFIS), surpassing the actual funding of $ 3.74 billion. $ 3.74 billion, $ 3.74 billion, $ 3.74
Mark Zuckerberg and Meta spend billions to hire top artificial intelligence talent, provoking discussions about whether the aggressive removal of recruitment will attribute to the competitive AI genetic struggle, AFP said. Openai’s chief executive Sam Altman recently complained that Meta had offered $ 100 million bonus to entice engineers away from his company, where they would participate in groups that already earn significant salaries. Several Openai employees have accepted META offers, urging The Chatgpt Maker’s executives to fight to maintain their best talent. “I feel a visceral feeling right now, as if someone has broken in our house and stealing
Prime Minister Shehbaz Sharif is chairing a meeting in Islamabad on Tuesday to review the Reko Diq project. – pid The committee was formed to explore funding options for up PR The project is expected to boost cargo services, mineral transport. The Saudi Arabian company is planning up to $ 1 billion in investing in the Reko DIQ mine. Prime Minister Shehbaz Sharif ordered the authorities to connect the Reko DIQ project at Balochistan on the Pakistan Railway Network (PR) by 2028 to support future transportation and cargo needs. The move will support the growth of the mine, one of
The headquarters of the National Electricity Regulatory Authority (NEPRA) may be observed. – Facebook@nepra/file Nepra’s public listening is chaired by President Waseem Mukhtar. The purpose of the strategic adjustment is to reduce the volatility of duties. Additional reforms include reduction in cost O & M cost. ISLAMABAD: The National Electricity Regulatory Authority (NEPRA) has decided to stop using dollar -based index for the Haveli Bahadur, Balloki, Northern Power Generation Company Limited (NPGCL) and Central Power Generation Co. This move will pave the way for saving Rs1.6 trillion in the rest of the project life, The news reported. Nepra convened a
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October 26, 2026
The Pakistan Daily
October 26, 2026
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