Pakistan Central Bank Expects Record Remittances Above $41B
Pakistan's central bank expects remittances to cross $41 billion in FY26, despite export slowdown, with economic growth projected up to 4.75%.
Pakistan's central bank expects remittances to cross $41 billion in FY26, despite export slowdown, with economic growth projected up to 4.75%.
Saudi Arabia and GCC nations are embedding sustainability into project delivery, but gaps remain between planning and execution, as highlighted by experts and new frameworks.
Syria appoints Safwat Raslan as central bank governor, replacing Abdelkader Husriyeh who becomes ambassador to Canada. Raslan, a former banker who fled to Germany, returns to lead monetary policy amid reconstruction efforts.
Jonas Lauwiner, a 31-year-old Swiss-Moroccan, declared himself King of Switzerland after acquiring 150 plots of land, creating a symbolic empire under Swiss law.
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Boeing secures a deal for 200 aircraft to China, marking its first major sale in nearly a decade after Trump-Xi summit, reopening a crucial market.
Pakistan's cabinet committee approved the sale of 51-100% stakes in IESCO, GEPCO, and FESCO to reform the power sector under an IMF-backed program.
Pakistan's finance minister hopes the successful launch of its first Panda bond will lead to more sovereign issuances in China's debt market, diversifying funding sources.
The Saudi Fund for Development has provided financial support to Sudan, Cameroon, Oman, and Palau in 2026, funding water, infrastructure, and economic projects despite global tensions.
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RecommendedIraq exported only 10 million barrels of oil through the Strait of Hormuz in April, down from 93 million monthly before the Iran war, due to tanker insurance issues and regional conflict.
Pakistan's fish and seafood exports surpassed $500 million for the first time in FY2025-26, marking a record for the maritime sector.
Jazan region produces 65,000+ tonnes of mangoes annually, accounting for 60% of Saudi output, with over 1 million trees and 60 varieties, boosting agricultural tourism and food security.
India is negotiating with Saudi Arabia to secure fertilizer supplies as the Strait of Hormuz closure disrupts imports amid the US-Israeli war on Iran.
One person killed, five injured in Comoros as fuel price hikes spark protests on Anjouan island. Government cuts duties to ease tensions.
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Pakistan issued its first Panda bond at 2.5%, the lowest rate ever for the country, diversifying funding beyond dollars and euros. HBL advised the deal, with a possible follow-up in 3-6 months.
Pakistan faces a critical choice between export-led growth and fiscal self-harm. The government must prioritize sustainable economic policies to avoid further crisis.
Security forces and district administration destroyed opium crops spread over hundreds of acres in Tirah Valley, Khyber, in a coordinated anti-narcotics operation.
The government has reduced petrol and diesel prices by Rs5 per litre, effective immediately. The new prices are Rs255.80 for petrol and Rs258.43 for diesel.
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RecommendedPakistan proposes a Rs25 billion Maritime Educational Endowment Fund to provide scholarships for maritime studies, enhancing the country's blue economy.
IESCO has notified a power suspension programme for various areas in May 2026 to carry out maintenance work, affecting multiple feeders.
Finance Minister Muhammad Aurangzeb announces Pakistan's successful debut Panda Bond issuance of CNY 1.75 billion, calling it a historic milestone in bilateral economic ties with China.
Kazakhstan's ambassador visits Gujrat, meets CCI leaders, discusses trade and investment opportunities, and plans a new trade delegation to Kazakhstan.
Indian billionaire Gautam Adani has agreed to pay a multi-million dollar penalty in a US court case over alleged bribery and fraud charges.
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RecommendedDistrict Food Controller Azhar Abbas assures no wheat flour shortage in Rawalpindi, with stable supplies and prices monitored across all tehsils.
Koica has launched construction of the Pakistan-Korea Technical Textile Centre in Faisalabad, aiming to boost local industry through advanced training and technology transfer.
Pakistan Mobile Phone and Keypad Lovers (PMPKL) applauds government's nationwide operations against illegal cigarette trade, emphasizing health and economic benefits.
Prime Minister approves a task force to create a comprehensive waste-to-energy policy, aiming to address energy shortages and environmental concerns in Pakistan.
Federal Minister Rana Tanveer Hussain reaffirms commitment to modernising livestock sector with China's help, focusing on buffalo embryo exports and biotechnology.
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RecommendedPunjab Food Authority confiscated and destroyed 1,500 litres of substandard cold drinks in Kallar Syedan, arresting a supplier and registering a case.