With the implementation of all major prior actions, Pakistan is eyeing a staff-level agreement with the International Monetary Fund (IMF) this week which will also pave the way for much-awaited credit flows from other bilateral and multilateral lenders. A day after the passing of the Supplementary Finance Bill 2023 in the National Assembly, the top economic team of the PMLN-led coalition govern
Shares at the Pakistan Stock Exchange (PSX) opened the week in the red, with analysts attributing the slump to uncertainty over an agreement with the International Monetary Fund (IMF). The benchmark KSE-100 index lost 444.97 points, or 1.08 per cent, to close at 40,673.64 points. It reached an intraday low of 494.64 points, or 1.2pc, around 3:27pm. Aba Ali Habib Securities’ Head of Research
AN exam question for CSS aspirants: what’s higher than the Himalayas, deeper than the seas, stronger than steel, and sweeter than honey? Well, dear candidate, any hesitation suggests your patriotism level needs checking in Rawalpindi or Aabpara. Every flag-waving Pakistani knows Pak-China friendship is the only answer. Next, what makes CPEC a game changer? Obvious! New industries will sprout, e
Pakistan must ensure that its high earners pay taxes and only the poor get the subsidies if it wants to function as a country, the International Monetary Fund’s (IMF) managing director has said. “My heart goes to the people of Pakistan. They have been devastated by the floods that affected one-third of the population of the country,” Kristalina Georgieva told German broadcaster Deutsche Welle
Pakistan’s current account deficit shrank 90.2 per cent to $0.24 billion in January from $2.47bn in the same month last year, data shared by the State Bank of Pakistan (SBP) showed on Monday, as import restrictions continue to persist amid a balance of payments crisis that has brought the country on the verge of default. Compared to December’s $0.29bn, the deficit decreased 16.55pc. Pakistan