Articles for tag: balance of payments, diaspora, economy, exports, FY26, overseas workers, Pakistan, remittances, Saudi Arabia, SBP, UAE, uk

FBR Collects Over Rs13 Trillion in FY26 — First Time Ever — as IMF Now Pushes Rs15.6 Trillion Target for FY27

Pakistan's Federal Board of Revenue collected over Rs13 trillion in fiscal year 2025-26, exceeding its revised target of Rs12.983 trillion by more than Rs21 billion in what officials described as a historic first. Stronger-than-expected income tax receipts drove the outperformance. The IMF is now pushing an Rs15.6 trillion target for FY2026-27 — approximately 20% above FY26 collections — while the FBR has indicated it cannot realistically collect more than Rs15 trillion.

July 11, 2026

FBR Collects Over Rs13 Trillion in FY26 — First Time Ever — as IMF Now Pushes Rs15.6 Trillion Target for FY27

July 4, 2026

FBR Collects Rs13 Trillion in FY26, Beating Revised Target by Rs21 Billion on Strong Income Tax June Surge

Pakistan's Federal Board of Revenue collected Rs13.004 trillion in the fiscal year ending June 2026, exceeding the downwardly revised target of Rs12.983 trillion by Rs21 billion. The result was driven by a surge in income tax collection in June; sales tax, customs duty, and federal excise duty all fell short of their respective targets.

June 25, 2026

Pakistan’s Tech Exports Hit Record $4.2 Billion, Closing In on $4.5b Annual Target

Pakistan's IT and IT-enabled services exports reached a record $4.2 billion in the first eleven months of FY26, leaving the sector on course to meet the government's $4.5 billion full-year target.

June 25, 2026

SBP Holds Policy Rate at 11.5pc as Inflation Surges Into Double Digits

The State Bank of Pakistan left its benchmark policy rate unchanged at 11.5 percent on June 15, judging the stance appropriate even as headline inflation accelerated to 11.7 percent in May.

October 28, 2025

WB warns that Pakistan’s growth for FY26 is at risk

Pakistan economy to grow 3% in FY25, up from 2.6% in FY24, forecasts 3% growth in FY26 The World Bank. Photo: archive Pakistan’s economy is projected to grow by 3% in the fiscal year ending June 2026, as recent floods continue to weigh on growth prospects. According to a World Bank report, the growth rate reflects FY25, when the economy grew by 3%, up from 2.6% in FY24, reflecting the recovery in industrial activity and services. The World Bank’s warning of flood-related constraints also heightens concerns about Pakistan’s growing climate vulnerability. “Pakistan’s recent floods have imposed significant human costs and

October 16, 2025

The IMF predicts Pakistan’s inflation to reach 6% in FY26

People buy nuts at a market in Karachi.— Reuters/File The IMF keeps Pakistan’s growth at 3.6% for the current financial year. Unemployment rate likely to drop to 7.5% in Pakistan. The global inflation rate is forecast to decline to 3.7% in 2026. The International Monetary Fund (IMF) has forecast an increase in Pakistan’s inflation rate, forecasting 6% Consumer Price Index (CPI) inflation for the financial year 2025-2026. The global lender released its latest World Economic Outlook (WEO) on Tuesday, expecting that inflation in the country is likely to rise from 4.5% in FY25 to 6% in the current financial year.

September 19, 2025

The PSX closes the flying week in a record of 158,037 points

The Pakistan Stock Exchange (PSX) was covered by a flight session on Friday, as the KSE-100 index is reported between sharp profits and losses before installed just above the mark of 158,000, the highest level of closing. The index closed in 158,037 units, up 84 points, or 0.05%after a roller ride. Breakfast trade remained committed to the range, but the afternoon session saw increased activity, pushing the index to an intraocular high of 159,337 points (+1,384) before the slip of 157,522 (-432 points), according to Ali Najib, Ali Najib. On the macroeconomic front, the current account deficit expanded to $

August 29, 2025