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An IMF diagnostic says weak governance, red tape and elite capture are holding back Pakistan’s economy. The Fund ties a fresh $1.2bn disbursement to reforms and estimates governance improvements could lift five-year GDP by up to 6.5%.
Pakistan’s ECC approved fresh funds for defence, border security and law enforcement. It also set up an SPV to wind up Passco and moved to attract foreign investment in offshore oil and gas exploration.
India will source around a tenth of its LPG from the US under a new one-year deal. The announcement comes amid tariff-driven tensions and shifts in Russian oil buying. Officials pitch the contract as energy diversification amid economic headwinds.
The US will drop certain tariffs on imports from four Latin American countries under new framework deals. Officials say the change should lower prices on goods like bananas and coffee while keeping broader tariffs intact.
President Trump cast possible 50-year mortgages as a modest affordability tool, sparking backlash from conservative allies who say such loans would burden buyers with higher lifetime costs. The White House says agencies are studying options amid a stubborn affordability crunch.
Riyadh is organising a US-Saudi investment summit in Washington to coincide with Crown Prince Mohammed bin Salman's visit. The meeting, co-hosted with a US business council, will gather officials and executives as the two countries discuss defence and regional diplomacy.
October remittances climbed to $3.4bn, lifting four-month inflows to $13bn. Saudi Arabia, the UAE, the UK and the US remained top sources as officials hailed the trend?s support for the external account.
Pakistan's finance team said reforms are yielding stability and validating an IMF-backed recovery path. Tax broadening, energy sector fixes, privatisation and a cashless push headline the agenda, with no immediate plan for new taxes.
FBR says 5.9m returns have been filed for Tax Year 2025, up 17.6% year-on-year. Payments from individual taxpayers rose by nearly Rs9bn, aided by a nationwide outreach push.
Islamabad is weighing a sharp cut to rooftop solar buyback rates to ease costs shifted onto other consumers. Officials cite falling utility-scale tariffs, rising rooftop capacity and growing grid imbalances.
FIA opened a graft case against ex-FBR chief Shabbar Zaidi over alleged unauthorised refunds worth about Rs16bn. The FIR lists major corporate recipients and cites a large 2019 issuance during his tenure. An FIA officer has been tasked to probe.
New Delhi says Washington has cleared a six-month waiver for Indian operations at Iran’s Chabahar port. The move aims to boost regional trade links into Afghanistan and Central Asia amid evolving U.S.–India trade discussions. Officials see the waiver as stabilising long-planned logistics routes.
