MMBL and SMEDA Partner to Empower SMEs and Drive Inclusive Economic Growth
Mobilink Microfinance Bank Limited (MMBL) and the Small and Medium Enterprises Development Authority (SMEDA) have signed an MoU to enhance access to finance for small businesses across Pakistan, aiming to strengthen economic inclusion and support sustainable growth.
BML and TAAP Sign MoU to Offer Dedicated Financial Services to Travel Industry Members
BML and TAAP have signed an MoU to provide dedicated financial services to travel industry members in Pakistan. The partnership aims to support travel agents through tailored banking solutions, enhanced credit facilities, and digital financial tools, enabling greater business growth and operational efficiency.
Climate Change and Population Growth Major Obstacles to $3 Trillion Economy, Says Finance Minister Aurangzeb
Finance Minister Muhammad Aurangzeb has identified climate change and population growth as the two biggest obstacles to Pakistan’s $3 trillion economy target. Speaking on Geo News, he warned of economic damage from recent floods and rising poverty, while Miftah Ismail emphasized the need for reforms and renewable energy adoption to achieve sustainable growth.
Aurangzeb ‘quite hopeful’ Pakistan can achieve 3.5% GDP growth in FY26 despite flood impact
Finance Minister Muhammad Aurangzeb has expressed optimism that Pakistan will achieve close to 3.5% GDP growth in FY26 despite the flood impact. He highlighted macroeconomic stability, IMF support, credit rating upgrades, privatization progress, and deepening China-Pakistan economic ties as key factors driving recovery.
Pakistan’s Large-Scale Manufacturing Faces Sharp Slowdown as Floods Hit Industrial Output
Pakistan’s large-scale manufacturing sector witnessed a significant deceleration in August as floods disrupted industrial activity. The slowdown highlights growing economic vulnerabilities despite earlier signs of recovery in key industries like automobiles and cement.
Pakistan’s Bank Deposits-to-GDP Ratio Drops to Lowest Level Among Peers: SBP
Pakistan’s deposits-to-GDP ratio has dropped to its lowest among peer economies despite record financial inclusion, according to SBP. Weak deposit growth, inflation, taxation, and religious factors are driving savers toward alternative assets, raising concerns about long-term investment financing and financial stability.
SECP Hosts Strategic Roundtable on the Future of Takaful in Pakistan’s Evolving Financial Landscape
The SECP hosted a strategic roundtable in Karachi to shape the future of Takaful in Pakistan, uniting key industry leaders, global brokers, Shariah scholars, and policymakers to accelerate Shariah-compliant insurance growth and align it with its Five-Year Strategic Plan.
Pakistan’s Foreign Exchange Reserves Rise to $14.44 Billion, Boosting Economic Stability
Pakistan’s foreign exchange reserves climbed to $14.44 billion, reflecting improved external stability as the State Bank of Pakistan reports steady inflows and stronger fiscal indicators.
Sindh and Saudi Arabia Unlock Multibillion-Dollar Investment Opportunities
Sindh and Saudi Arabia have agreed to deepen economic collaboration through strategic investments across energy, infrastructure, agriculture, and tourism, marking a new chapter in their partnership aligned with Saudi Vision 2030.
Pakistan Records Unexpected 5.7% Growth in Q4 on Industrial Rebound
Pakistan has reported an unexpected 5.7% economic growth in the last quarter of FY25, driven by strong performance in the industrial sector and major revisions in key economic indicators, signaling resilience despite tight fiscal conditions.