FinMin expects continuous progress under GSP+

Pakistan Finance Minister Muhammad Aurangzeb speaks during an interview at the International Monetary Fund and World Bank Group’s annual spring meetings in Washington DC, US, April 13, 2026, PHOTO: REUTERS ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb has expressed optimism about Pakistan’s external sector outlook and reiterated the government’s focus on enhancing competitiveness, deepening investment…

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IMF talks begin with reform gaps

ISLAMABAD: As the International Monetary Fund (IMF) began talks from Karachi, Pakistan managed to show progress on fiscal and monetary numbers, which would lead to the release of loan tranches, but it failed to meet a few conditions related to an increase in spending on education and healthcare and improving governance. In addition to reviewing…

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Iran-US peace deal text ‘agreed’: PM

ISLAMABAD/TEHRAN: Pakistan on Friday expressed mounting optimism for an elusive agreement, with Prime Minister Shehbaz Sharif said that the final text of a US-Iran peace deal had been agreed. “We can confirm that a final, agreed upon text of the peace deal has been reached and Pakistan is now working closely with both sides to…

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Bayern edge Elversberg in Bundesliga

Harry Kane struck in the 72nd minute. Photo: AFP BERLIN: Harry Kane scored his first goal of the season to help Bayern Munich edge to a 2-1 win at promoted Elversberg in the Bundesliga on Sunday. Handed the captain’s armband with skipper Manuel Neuer rested, Kane scored with 18 minutes remaining to break a 1-1…

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Provinces urged to raise Rs400b in taxes

Sindh assigned Rs200b provincial target; Punjab, K-P, Balochistan to contribute rest ISLAMABAD: The centre on Monday urged all provincial governments to collect more than Rs400 billion in additional taxes in the new fiscal year, mainly from agriculture, services and real estate sectors, to meet a major condition of the International Monetary Fund (IMF). With the…

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Trade promotion paradox: billions spent, exports fall

Pakistan can no longer afford to treat export growth as administrative luxury; it is macroeconomic necessity ISLAMABAD: Let us monetise the total export subsidies and incentives, foregone taxes on exporters, expenses on the Trade Development Authority of Pakistan (TDAP), commercial diplomacy, and the overseas exhibitions and trade fairs organised; the net exports of Pakistan will…

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