📌 Key Highlights & Quick Takeaways:
- According to Federal Adviser on Economic and Financial Reforms Khurram Shehzad, in the first quarter of the fiscal year 2026-27, Pakistan's.
- Khurram Shehzad, while presenting an overview of the economic performance of the first quarter, said that during this period, total exports.
- Along with this, IT and technology exports increased by 18% to $1.25 billion, while freelancers' income increased by 46% to an all-time high.
According to Federal Adviser on Economic and Financial Reforms Khurram Shehzad, in the first quarter of the fiscal year 2026-27, Pakistan's foreign exchange reserves increased by 52% to reach 21.5 billion dollars, while FBR's tax collection increased by 7% to 3.1 trillion rupees.
Khurram Shehzad, while presenting an overview of the economic performance of the first quarter, said that during this period, total exports increased by 11 percent to 11.2 billion dollars, while remittances increased by 14 percent to 10.9 billion dollars.
Along with this, IT and technology exports increased by 18% to $1.25 billion, while freelancers' income increased by 46% to an all-time high of $550 million.
He said that the three major international rating agencies have declared Pakistan's sovereign credit rating stable in the 'B' category. A staff-level agreement has been reached following a review of the IMF program, with board approval expected to provide Pakistan with additional financing of $1.2 billion.
Regarding the performance of the financial sector, FBR's tax collection increased by 7% to Rs 3.1 trillion, exceeding the target set for the first quarter. The number of income tax return filers increased by 45% to 5.77 million, while the number of investors on the Pakistan Stock Exchange crossed 6.56 million after a 55% increase.
