Pakistan recorded a financial deficit of 2.4 % of GDP – which reaches 2.97 trillion rupees – during the first nine months of the fiscal year 2024-25 (July 2024 to March 2025), as indicated at Topine Securities. This represents an improvement in the 3.7 % deficit registered during the same period last year. For January … Read more
Finance Minister Mohamed Uranzib expected that the tax rate will reach 10.6 % by the end of the current fiscal year, a step towards the average range of the government is 13 % under the 37 -month fund facility (EF) with the International Monetary Fund (IMF). Speaking during a session with the S & P … Read more
The Pakistani Central Bank has warned of medium -term economic risks caused by world trade turmoil and the fluctuation of commodity prices associated with US President Donald Trump’s definitions, even when the main total economy indicators showed an improvement in the first half of the 25 fiscal year. In its semi -annual report on the … Read more
The International Monetary Fund (IMF) reduced its expectations for GDP growth in the Kingdom of Saudi Arabia in 2025, reducing this to 3 %, with a decrease from a previous estimate of 3.3 %. This review reflects the ongoing challenges of oil -dependent economies, as the International Monetary Fund also modifies its growth to the … Read more
The Federal Chairman (FBR) Rashid Mahmoud Langeral attributed the revenue deficit in the first half of the fiscal year 25 to an independent growth less than expected, driven by the stability of the exchange rate, subjugation inflation, and the intelligence of the slow GDP and the manufacturing sector. The Senate Standing Committee reported that these … Read more
Strong demand continued to drive growth in Saudi Arabia’s non-oil business sector in December, although the pace was slightly slower than in November, according to a survey released on Sunday. Riyad Bank Saudi Arabia’s seasonally adjusted Purchasing Managers’ Index (PMI) fell to 58.4 in December, down from a 17-month high of 59.0 in November. Despite … Read more
Government data showed on Sunday that the Saudi economy grew by 2.8% in the third quarter compared to the same period a year ago, supported by an increase in non-oil activity. The growth rate was consistent with the preliminary data announced in October. Non-oil output rose by 4.3% in the quarter compared to last year, … Read more
Islamabad: Federal Minister for Maritime Affairs Qaiser Ahmed Sheikh on Saturday revealed that Pakistan’s naval operations contribute a modest 0.5% to the country’s GDP, which lags significantly behind the global average of 7%. Speaking at Kholi Kashahri at the PNSC building in Karachi, the Minister emphasized the huge untapped potential in the maritime industry. “Developed … Read more