Pakistan Manufacturing PMI Falls Below 50 in September Amid Flood-Driven Disruptions
Pakistan’s manufacturing sector contracts for the first time since May 2024, with the HBL PMI falling to 48.0 in September due to flood-related disruptions, higher costs, and reduced orders, though optimism for future growth remains.
Pakistan and IMF begin talks on $7bn Extended Fund Facility and RSF reviews
Pakistan and the IMF have opened talks on the $7 billion Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF) reviews, focusing on fiscal performance, governance reforms, and anti-money laundering measures.
Pakistan’s Fiscal Discipline Strengthens as Primary Balance Hits 24-Year High
Pakistan’s fiscal position strengthened in FY2025 with the lowest deficit in eight years and a 24-year high primary surplus, as improved revenue collection and disciplined spending set the stage for FY2026.
Pakistan’s Forex Reserves Edge Up to $14.30 Billion Amid Stable Inflows
Pakistan’s foreign exchange reserves held by the SBP rose by $28 million to $14.30 billion as of August 29, 2025, reflecting stable inflows and cautious management. Total liquid reserves stood at $19.66 billion, with commercial banks holding $5.36 billion.
State Bank of Pakistan’s Forex Reserves Edge Higher, Surpass IMF Targets
The State Bank of Pakistan’s foreign exchange reserves rose by $11 million to $14.243 billion in the week ending August 8, crossing IMF targets and lifting total liquid reserves to $19.496 billion, with commercial banks holding $5.253 billion.
SBP Reserves Drop by $2.66 Billion on Debt Repayments, Recovery Expected Through Fresh Inflows
The State Bank of Pakistan’s foreign reserves dropped by $2.66 billion in one week due to major debt repayments. However, fresh inflows exceeding $3 billion are expected to reverse the decline in upcoming data.