ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday launched a Rs20 billion ($71.4 million) relief package for the Islamic holy month of Ramadan in Pakistan, which aims to benefit 4 million families across the South Asian country.
Fasting during Ramadan is one of the five pillars of Islam, wherein Muslims abstain from food and drink from sunrise till sunset for a month. The holy month begins in Pakistan on Sunday.
While consumer inflation in Pakistan declined to 2.4 percent in Jan., compared to 24 percent in the same period last year, many Pakistanis say they are still feeling the pinch.
The Pakistani government has decided to provide Rs5,000 ($17.87) each to around 4 million families across the country to support them during the month of Ramadan, according to officials.
“It is a great blessing of Almighty Allah that inflation has dropped down in this Ramadan as compared to the last year. This year, around Rs20 billion have been allocated for this package, which would benefit 40 lakh families,” Sharif said at the launching ceremony.
“This would cover the whole of Pakistan, all provinces, Gilgit-Baltistan, Azad Jammu and Kashmir. This amount will be distributed among deserving people in all these areas through the digital [wallet] system.”
The development comes as Pakistan treads a long path to economic recovery after being stabilized under a $7 billion International Monetary Fund (IMF) program secured last year. An IMF mission is due to arrive in Islamabad next week for the first review of the facility.
Pakistan’s consumer inflation is expected to remain stable and maintain a downward trajectory compared to the previous year, the finance ministry said in its monthly economic outlook report on Feb. 27.
Sharif thanked all government institutions, international partners and tech companies for their efforts in distributing the funds among deserving families under the Ramadan relief package.
“All those tech companies, which provided their technical support in implementing this system, I thank them all,” Sharif said.
“I believe there are our foreign partners, also international partners, also sitting here. I would like to also thank them for their cooperation and partnership in this very noble cause.”
Pakistan launches Rs20 billion Ramadan relief package for needy families
https://arab.news/58heg
Pakistan launches Rs20 billion Ramadan relief package for needy families
- Development comes amid a decline in consumer inflation in the South Asian country
- But many Pakistanis say they are still feeling the pinch ahead of the start of Ramadan
Pakistani stocks breach 176,000 points barrier as investors expect further rate cuts
- Pakistani financial analyst attributes surge to falling inflation, investors expecting further policy rate cuts
- Pakistan’s finance ministry said Thursday that inflation had slowed to 5.6 percent year-on-year in December
KARACHI: Pakistani stocks continued their bullish run on Thursday, breaching the 176,000 points barrier for the first time after trading ended, with analysts attributing the surge to investors expecting further cuts in the policy rate.
The KSE-100 benchmark gained 2,301.17 points at close of business on Thursday, marking an increase of 1.32 percent to settle at 176,355.49 points.
Pakistan’s central bank cut its key policy rate by 50 basis points to 10.5 percent last month, breaking a four-meeting hold in a move that surprised markets. Pakistan’s consumer price inflation slowed to 5.6 percent year-on-year in December, while prices fell on a monthly basis as per data from the finance ministry.
“Upbeat data for consumer price index (CPI) inflation at 5.6pc in December 2025 [with] investors expecting a further State Bank of Pakistan rate cuts on falling inflation data,” Ahsan Mehanti, CEO of Arif Habib Commodities Ltd., told Arab News.
The stock market witnessed a trading volume of 1,402.650 million shares, with a traded value of Rs48.424 billion ($173 million), compared with 957.239 million shares valued at Rs44.231 billion ($158 million) during the previous session.
Topline Securities, a leading brokerage firm in Pakistan, credited the surge to strong buying at the first session.
“This positivity can be accredited to buying by local institutions on the start of the new calendar year,” it said.
https://x.com/toplinesec/status/2006690862483624136
Pakistan’s Finance Adviser Khurram Schehzad highlighted that the bullish trend at the stock market reflected “strong investor confidence.”
“With lower inflation, affordable fuel, stronger reserves, rising digitization and a buoyant capital market, Pakistan’s economic outlook is clearly improving--supporting greater confidence, better investment sentiment and more positive momentum for 2026,” he said on social media platform X.
