KSE-100 index surges past 48,000 mark in almost two years
KARACHI: On Monday, the Pakistan Stock Exchange's key KSE-100 index surpassed the 48,000 level for the first time in nearly two years,...
SBP likely to yield to IMF demands, raising interest rates again
KARACHI: According to analysts, the central bank of Pakistan is likely to raise its key interest rate again in response to persistently...
Global central banks begin policy shift as inflation cools
Top central banks continued with another round of interest rate hikes this week despite cooling inflation, but have now switched to a...
China rolls over $2.4bn loan to Pakistan
ISLAMABAD: EXIM Bank of China has rolled over its loan of $2.4 billion with Pakistan for two years to strengthen Islamabad’s foreign...
ECNEC approves component of the WB funded PRR Project, worth $80mn to enhance tax to GDP ratio
ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) has approved “Investment Project Financing” (IPF) component of “Pakistan Raises Revenue Project”...
Govt plans to achieve 3.5% growth in FY24
ISLAMABAD: The federal government has planned to achieve 3.5% growth in FY24.
It plans to do so through various measures like the Kissan...
Pakistan plans to launch Rs 2.3 trillion Sovereign Wealth Fund but how will price determination take place?
The Ministry of Finance is setting up a sovereign fund but price discovery will be an issue going forward.
Pakistan receives $10.8bn foreign loans in FY23
ISLAMABAD: The Prime Minister Shehbaz Sharif led Federal Government has received only 47 percent budgeted external loans in the last fiscal year...
Pakistan Stock Exchange’s KSE-100 Index surges over 500 points, near 46,000 mark
KARACHI: On Friday, the Pakistan Stock Exchange's (PSX) main index, the KSE-100, experienced significant gains of over 500 points, nearly reaching the...
U.S. leading indicators point to recession starting soon
An index designed to track turns in U.S. business cycles fell for the 15th straight month in June, dragged down by a...
IMF asks for a tighter monetary policy from SBP
The IMF has demanded a further tightening of the monetary policy to be considered by SBP but is it economically sustainable?
Current Account Surplus continues for fourth consecutive month, reaching $334mn in June
KARACHI: In June, the current account recorded a surplus of approximately $334 million, marking the fourth consecutive month of surplus.
This is a...
IMF sets condition on parity between open market and interbank rates
The differential cannot exceed 1.25% between the two rates
What does the IMF country report say, and what does it mean?
After the board approval for the $3 billion Standby Arrangement between Pakistan and the International Monetary Fund (IMF), the fund has published...
FDI shrinks by 25% in FY23 amid economic uncertainty
ISLAMABAD: In the fiscal year 2022-23, Foreign Direct Investment (FDI) experienced a 25 percent decline compared to the previous year, indicating a...