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Pakistan’s IT exports climbed to a record $4.6 billion in FY26, rising 21 percent from the previous year and surpassing the government’s target. Analysts linked the growth to stronger overseas expansion by local technology firms, while mobile phone assembly showed a softer trend.
The federal government has raised petrol by Rs5.44 per litre and high-speed diesel by Rs31.05 per litre, with revised prices effective from July 18 to July 20. The increase comes as Pakistan moves toward more frequent fuel price adjustments through Ogra.
The federal government has decided to fix petroleum prices daily as Gulf hostilities intensify and global oil markets remain volatile. Ogra will determine and publish daily fuel rates along with pricing factors to improve transparency.
Prime Minister Shehbaz Sharif has ordered a crackdown on petroleum hoarding as Pakistan monitors fuel supplies amid renewed Gulf tensions. Officials say stocks are sufficient, but possible price hikes and supply bottlenecks remain key concerns.
Pakistan’s textile exports reached $17.93 billion in fiscal year 2025-26, but overall shipments still slipped by 0.26 percent. Gains in garments, cotton yarn and raw cotton were offset by weakness in knitwear, towels, cotton cloth and June’s sharp year-on-year decline.
Pakistan’s virtual assets regulator has asked Jamia Darul Uloom to distinguish speculative crypto from asset-backed digital tokens. The move follows a fatwa against crypto-based purchases and could influence Pakistan’s emerging digital finance and licensing framework.
Pakistan is considering a daily petroleum pricing system that would give OGRA primary responsibility for setting fuel rates every night. The proposal aims to make fuel prices more responsive to global markets while using a stabilisation fund to cushion consumers from sharp shocks.
The Pakistan Stock Exchange rebounded sharply on Wednesday as the KSE-100 index gained more than 2,500 points during intraday trade. Analysts linked the recovery to value buying, improved global rate expectations, and a shift in US policy around the Strait of Hormuz.
Prime Minister Shehbaz Sharif has directed that overseas remittances be fully digitised as part of Pakistan’s move toward a cashless economy. The government says the reform can improve transparency, strengthen formal financial channels and expand digital payments across businesses.
The Pakistan Stock Exchange closed sharply lower as renewed Middle East tensions and rising crude oil concerns pushed investors into a risk-off mood. The KSE-100 Index fell over 2,300 points, with banks, cement, fertiliser, oil and gas, and power-sector stocks leading the decline.
The KSE-100 Index fell nearly 2,300 points in early Monday trade as worsening US-Iran tensions triggered selling across major sectors. Rising oil prices and fears over the Strait of Hormuz added pressure on investor sentiment in Pakistan.
Pakistan and Saudi Arabia discussed expanding cooperation in the energy sector during a high-level meeting involving senior finance and energy officials. Both sides agreed to maintain consultations and explore new avenues for economic collaboration.
