The World Bank on Wednesday projected Pakistan’s economic outlook to remain subdued during the current fiscal year and slightly recover next year amid prolonged global economic challenges. “In Pakistan, the economic outlook for FY24 remains subdued, with growth projected at only 1.7pc. Monetary policy is expected to remain tight to contain inflation, while fiscal policy is also set to be contra
The stock market on Tuesday continued witnessing depressed trading on persisting political uncertainty amid calls from the US and UK ambassadors for fair polls as a result the benchmark KSE 100-share index closed the session on a negative note. Ahsan Mehanti of Arif Habib Corporation told Dawn that the growing political uncertainty regarding the holding of general elections on Feb 8 and the
The Economic Coordination Committee (ECC) of the Cabinet on Tuesday sanctioned Rs250 million in additional funds for the Intelligence Bureau and approved a mechanism for basket price for imported and local urea that would make costlier the key agricultural ingredient by Rs160-170 per bag. The meeting of the ECC presided over by Caretaker Finance Minister Dr Shamshad Akhtar also approved about R
Ambassador of the European Union Raina Kionka has said that the GSP+ status for Pakistan has been rolled over without any changes to the rules of framework so everything was going to stay the same up to 2027. “We also have elections in June 2024, which means there will be a political changeover in the parliament and the EU’s Commission. Once everything settles, we expect that the new parliamen
The Board of Privatisation Commission (PC) approved on Tuesday the transaction structure and the legal segregation (scheme of arrangement) of Pakistan International Airlines Corporation Ltd (PIACL), which will now be placed before the Cabinet Committee on Privatisation for a final decision, to be followed by approval of the Federal Cabinet. The meeting chaired by Minister for Privatisation Fawa