The International Monetary Fund (IMF) has advised Pakistan against creating a group of preferred investors or distortions in the country under the Special Investment Facilitation Council (SIFC) and to ensure transparency and accountability in its business deals. Deputy Chairman Planning Commission Dr Jehanzeb Khan told economists and journalists that the visiting fund mission had raised questio
Bulls dominated the trading floor at the Pakistan Stock Exchange (PSX) for the third consecutive session on Monday, leading the benchmark index to hit another all-time high. Arif Habib Corporation analyst Ahsan Mehanti said upbeat data on exports and home remittances, along with a fall in bond yields in the latest auction of Pakistan Investment Bonds, triggered the rally that culminated in shar
Fourteen years ago, in FY10, Pakistan’s top 10 destinations for goods exports included the USA, UAE, Afghanistan, China and the UK, respectively. A decade later, in FY20, the top five export destinations changed a bit. The USA remained top but was followed by China, UK, UAE and Germany. Afghanistan disappeared from the list, data compiled by the State Bank of Pakistan reveals. These five countries
Standard Chartered Bank Pakistan Ltd has signed an unfunded risk-participation agreement with the International Finance Corporation (IFC), said a press release on Monday. The $200 million rupee-equivalent programme will see the IFC cover 50 per cent of the commercial bank’s risk against short-term trade and working capital funded loan facilities for corporate clients. “Standard Chartered and
Public transport users in Pakistan want an interconnected and unified digital service that allows them to plan, book and pay ahead of time for all modes of transportation, according to a study by Visa, a global player in digital payments. A press release said on Monday that 33 per cent of the survey audience in Pakistan uses public transit services as their primary form of transportation. Pakis