Amid struggling project implementation and calls for more transparency by multilateral and bilateral lenders, the caretaker government on Tuesday made a pitch for additional international financial support, particularly those relating to ‘debt for nature and debt for social development swaps’ to help Pakistan meet climate finance targets. The appeal for additional financial support was made by
The benchmark of representative shares managed to stay above the 57,000-point level on Monday at the end of a daylong battle between the bullish and bearish forces. Topline Securities Ltd attributed the fierce clash of bears and bulls to the fact that Monday marked the beginning of the rollover week for the November futures contracts. There are positions worth Rs18 billion that’ll get either se
THE IMF has expectedly announced a staff-level agreement with Pakistan following a smooth completion of the first review of the short-term $3bn bailout package, propping up the already buoyant stock market to a newer high and cheering up the rupee as the news somewhat lifted pressure on the exchange rate. The programme goals and stipulations remain the same as agreed at the time of the approval
The caretaker government is jubilant, feeling a sense of vindication. The market, in turn, embraced the International Monetary Fund (IMF) agreement with warmth. The deal unlocked the critically needed second $700 million tranche, bringing the total disbursement to $1.9 billion, within the $3bn bailout framework deemed essential for Pakistan’s financial stability. While the business community ex
Fintech has been one of Pakistan’s brightest spots of late, with not only triple-digit growth but progressive regulatory initiatives such as Raast. Another example is the five upcoming digital retail banks, which recently got their in-principle approvals and have the entire community pretty optimistic. But before we get there, shouldn’t we ask how digital the existing banks are? If the criteria