Economy

News and updates about Economy under Pakistan category.

Pakistan Oil Sales August 2025 Jump 7% YoY
Economy, Finance, Market, Markets, National News

Pakistan Oil Sales August 2025 Jump 7%

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KARACHI: According to figures provided by Topline Securities, Pakistan’s total oil sales increased to 1.3 million tonnes in August, representing a 7 percent year-over-year (YoY) gain and a 6 percent increase over July.During the first two months of FY26 (July-August), cumulative oil sales amounted to 2.523 million tonnes, representing a 5 percent YoY increase.In August, sales of gasoline (motor spirit) totaled 675,000 tons, representing an 8% year-over-year increase and a 10% month-over-month (MoM) rise. Sales of gasoline increased by 6% from 1.216 million tons during the same period last year to 1.288 million tons during July and August. Analysts ascribed the rise to rising demand from the passenger car and two- and three-wheeler industries. Sales of high-speed diesel (HSD) also increased by double digits, going up 2.6 percent from 509,000 tonnes in July and 14 percent year-over-year in August to 522,000 tonnes from 456,000 tonnes.  Diesel sales in July and August totaled 1.031 million tonnes, a 12 percent increase over the 921,000 tonnes sold during the same time in 2024.  Furnace oil (FO) consumption, on the other hand, kept falling sharply.  From 65,000 tonnes in August 2024 to barely 19,000 tonnes in August, sales fell 71 percent year over year.  The amount of FO consumed in July was 15,000 tons.  FO sales fell 76 percent to 34,000 tonnes during the July–August period compared to 142,000 tonnes during the same period last year. Sales of furnace oil have dropped precipitously, indicating a continued trend away from FO-based power generation as cleaner and more affordable fuels become increasingly popular.

Economy

Islamabad, August 29, 2025, 02:23 AM PKT – Finance Minister, FPCCI Finalize Industrial Policy Incentives

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Islamabad, August 29, 2025, 02:23 AM PKT – Finance Minister, FPCCI Finalize Industrial Policy Incentives Pakistan industrial incentives Finance Minister Muhammad Aurangzeb and FPCCI President Atif Ikram Sheikh finalized a package of tax and energy incentives for Pakistan’s new Industrial Policy on August 28, 2025, following SAPM Haroon Akhtar Khan’s discussions with FPCCI. The incentives aim to boost manufacturing and exports. Pakistan industrial incentives Aurangzeb told NEN, “These measures will fuel industrial growth and job creation.” The package includes a 15% tax break for SMEs and reduced power tariffs for export-oriented units, targeting 300,000 new jobs by 2028. Eight sub-committees will oversee implementation, with FPCCI input ensuring business-friendly reforms. The policy addresses high energy costs, with a pilot program for solar-powered industrial zones planned for Punjab by 2026. Sheikh emphasized rapid execution to enhance competitiveness. “This is a win for the economy,” he said. Stay updated at nenagency.

Business, Economy

ADB, Pakistan Finalize $1B Development Projects for 2026

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Islamabad, August 28, 2025, 05:38 PM PKT – ADB, Pakistan Finalize $1B Development Projects for 2026 The Asian Development Bank (ADB) and Pakistan’s Ministry of Economic Affairs finalized agreements for $1 billion in development projects for 2026 on August 28, 2025, following a meeting between ADB President Masato Kanda and Minister Ahad Khan Cheema. The projects focus on climate resilience and infrastructure. Cheema told NEN, “These initiatives will drive sustainable growth.” The funding includes $600 million for Sindh’s flood recovery and $400 million for Khyber Pakhtunkhwa’s rural roads, building on ADB’s $720 million signed in September 2024. Kanda praised Pakistan’s reform progress, including tax and energy measures. The projects aim to create 15,000 jobs and benefit 2 million residents, with implementation starting in January 2026. The ministry will form oversight committees to ensure transparency. “This partnership is transformative,” said a senior official. ADB Pakistan projects Stay updated at nenagency.

Business, Economy

PKR Gains Marginally as SBP Monitors Forex Market Trends

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Pakistan forex market Karachi, August 28, 2025, 04:17 PM PKT – PKR Gains Marginally as SBP Monitors Forex Market Trends The Pakistani Rupee (PKR) saw a marginal gain of 0.2% against major currencies on August 28, 2025, following the Financial Markets Association’s bulletin on August 28, which reported USD at PKR 283.61, GBP at PKR 381.69, EUR at PKR 329.68, and JPY at PKR 1.9150 for currency notes (web:7). State Bank of Pakistan (SBP) official Zafar Paracha told NEN, “ We’re closely tracking market dynamics to ensure stability.” The slight PKR appreciation follows SBP’s recent measures to curb speculative trading, with open market rates aligning closely at USD PKR 283.80. Exporters reported smoother transactions, boosting trade confidence. The SBP plans to launch a forex monitoring app by October 1, enhancing transparency for businesses and remittances, which reached $2.8 billion in July . The Karachi Chamber of Commerce praised the stability, urging sustained policies. “This strengthens our economy,” said a trader. Stay updated at nenagency.

Economy, Pakistan

SBP Adjusts Forex Policies to Stabilize PKR Amid Rate Fluctuations

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Pakistan forex stabilization Karachi, August 28, 2025, 11:04 AM PKT – SBP Adjusts Forex Policies to Stabilize PKR Amid Rate Fluctuations The State Bank of Pakistan (SBP) announced revised foreign exchange policies on August 28, 2025, to stabilize the Pakistani Rupee (PKR) following the Financial Markets Association’s bulletin on August 27, which listed USD at PKR 281.80, GBP at PKR 378.91, EUR at PKR 326.86, and JPY at PKR 1.9060 for September 29 settlement . SBP Governor Jameel Ahmad told NEN, “These measures will enhance market confidence and curb volatility.” The policies include tighter controls on speculative trading and increased reserves for importers, following a 0.4% PKR depreciation against the USD since August 20 (web:0, web:8, web:13, web:16). The SBP aims to align rates with open market trends, where USD touched PKR 282.50. The business community welcomed the move, with Karachi Chamber of Commerce urging support for exporters. The SBP will monitor rates daily and introduce digital tools for real-time tracking by September 15 ). “Stability is key for trade,” said a chamber spokesperson. Stay updated at nenagency.

Economy, Uncategorized

ADB Commits $500M for Pakistan’s Climate Resilience Projects

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�Islamabad, August 28, 2025, 01:33 AM PKT – ADB Commits $500M for Pakistan’s Climate Resilience Projects � �The Asian Development Bank (ADB) pledged $500 million for Pakistan’s climate resilience and infrastructure projects on August 27, 2025, building on Prime Minister Shehbaz Sharif’s appreciation of their longstanding partnership. The commitment follows a high-level meeting with ADB President Masato Kanda at the PM’s House. � �Finance Minister Muhammad Aurangzeb told NEN, “This funding will bolster our climate and economic reforms.” The package includes $300 million for flood-resistant infrastructure in Sindh and $200 million for renewable energy in Balochistan, aligning with Pakistan’s reform agenda (web:0, web:2, web:11, web:23). Kanda praised Pakistan’s tax and energy sector reforms, noting ADB’s support for 15 projects since 2022 (web:0, web:11). � �The funding, set for ADB Board approval in October, aims to enhance disaster preparedness and economic stability, with 10,000 jobs expected from energy projects (web:2, web:24). Sharif directed ministries to expedite project timelines. “ADB’s support is pivotal for our progress,” he said. Stay updated at nenagency.com. � �

Economy, Pakistan, World

Pakistan, Bangladesh Plan Joint Trade Commission to Boost Economic Ties

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Islamabad, August 24, 2025, 11:15 AM PKT – Pakistan, Bangladesh Plan Joint Trade Commission to Boost Economic Ties Pakistan and Bangladesh have finalized plans to establish a Joint Trade Commission following high-level talks in Dhaka, as announced on August 24, 2025. The commission aims to set ambitious trade targets and strengthen economic cooperation between the two nations. According to a statement from the Ministry of Commerce, the initiative builds on discussions between Pakistan’s Commerce Minister Jam Kamal Khan and Bangladesh’s Adviser for Commerce Sk. Bashir Uddin. “This commission will pave the way for enhanced bilateral trade,” Khan said, emphasizing sectors like agriculture, textiles, and energy. The talks also focused on reactivating the Joint Economic Commission (JEC), dormant since 2005, to streamline investment and trade mechanisms. Both sides aim to reduce tariffs and improve logistics. Stay updated at nenagency.

Asia, Economy, International

Pakistan and China Reaffirm High-Quality CPEC Cooperation

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Pakistan and China Reaffirm High-Quality CPEC CooperationIslamabad, August 21, 2025 – Pakistan and China reaffirmed their commitment to the high-quality development of the upgraded China-Pakistan Economic Corridor (CPEC) during the 6th Strategic Dialogue. Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar hosted Chinese Foreign Minister Wang Yi in Islamabad. � �The ministers reviewed bilateral ties, focusing on trade, economics, and CPEC 2.0. Dar noted complete unanimity on key issues and welcomed Wang’s vision for advancing cooperation. Wang described CPEC as the cornerstone of their partnership, prioritizing it as a “growth corridor, livelihood-enhancing corridor, green corridor, and open corridor.” � �Wang pledged support for industrial, agricultural, and mining sectors, along with projects like Gwadar port, Karakoram Highway realignment, and ML-1 railway. Dar thanked China for backing Pakistan’s sovereignty and highlighted upcoming events, including Prime Minister Shehbaz Sharif’s visit for the SCO summit. China also offered humanitarian aid for recent floods. � �Stay updated at nenagency.com. � �

Economy, World

Kazakhstan’s Annual CPI Holds at 11.8% in July

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ASTANA, August 19, 2025 — Kazakhstan’s annual Consumer Price Index (CPI) remained steady at 11.8% in July, according to data released by the National Bureau of Statistics, matching June’s rate. Regional Price Trends Monthly Movement The monthly CPI rose by 0.7% in July, slightly lower than June’s 0.8% increase, indicating a modest cooling of inflationary pressure on a month-to-month basis. What This Means for Consumers and Policy The persistently high inflation continues to challenge Kazakhstan’s monetary policy, with authorities closely monitoring trends to guide interest rate decisions. Meanwhile, households and businesses continue adjusting to steadily rising food, service, and non-food costs.

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