Fixed exchange rates risky for Pakistan’s plummeting foreign reserves, says Moody’s
Moody's maintained that higher interest to revenue in the baseline compared with floating exchange rates thrive under exchange rate shocks. Thus, deterioration in debt affordability could lower investors’ willingness to invest while making it harder for Pakistan to access foreign funding.
Economic Survey 2017-18: Govt blames political uncertainty for missing growth targets
Miftah says highest growth rate of 5.79 per cent achieved in 13 years. Ahsan says all promises made by his party in its manifesto fulfilled.
Pakistan amongst best performers, up by 12pc on MSCI, says report
LAHORE: Despite political and external pressures, Pakistan has recorded a surge of 12 per cent on the MSCI index and 6 per...
Market unshaken despite external woes, gains 13pc QoQ
LAHORE: Despite depleting foreign exchange reserves, Pakistan equities continued its positive trajectory for third consecutive week, gaining 530 points (+1.2 per cent)...
APTMA sends budget proposals to finance minister
KARACHI: In its budget proposals, the All Pakistan Textile Mills Association (APTMA) has said that the availability of electricity at regionally competitive prices is of...
Transport corridor projects to create economic surplus: WB report
ISLAMABAD: A report launched by the World Bank Group (WB) here on Thursday revealed that investment in transport corridors is expected to...
Revisions in aid to Pakistan unlikely to shake its finances: Moody’s
LAHORE: International rating agency Moody’s Investors Service (Moody’s) has maintained that Trump administration’s revision of US military aid is highly unlikely to...
21.74pc growth of food group exports in eight months
ISLAMABAD: Food group exports from the country during the first eight months of the current financial year grew by 21.74 per cent as...
Auto sector bleeds red as dollar jumps to Rs118Â
KARACHI: The massive rupee devaluation of Rs7.5, which made the dollar to jump to Rs118, has had a negative affect on the...
Govt depending on non-tax revenue, borrowing to generate surplus budget: APBF
LAHORE: The All Pakistan Business Forum (APBF) has asked the government to take immediate measures as Pakistan’s medium-term debt repayment capacity has...
Market Daily: KSE 100 settles at 43539.60 points, up 176.39
LAHORE: In a narrowly traded session, bulls came out as winners. The Pakistan Stock Exchange (PSX) saw no excitement from investors at...
Govt to hire professionals to solve governance issues in power sector
ISLAMABAD:Â In order to address governance problems in ten power distribution companies (DISCOs), the government has decided to hire sound and experienced professionals...
CPEC to ensure prosperity in Pakistan: Governor
LAHORE: Punjab Governor Malik Muhammad Rafique Rajwana said on Monday that China-Pakistan Economic Corridor (CPEC) would prove to be a game changer...
FATF grey-listing does not affect Pakistan’s ability to borrow: IMF deputy director
The grey-listing of Pakistan by the global watchdog Financial Action Task Force (FATF) has no direct consequences for its ability to borrow...
Mexico not expecting any eminent price shocks: central bank governor
ACAPULCO: Mexico’s central bank does not expect significant shocks to inflation in the short term, the bank’s governor said on Friday, unlike 2017...