The Ministry of Finance has said debt servicing will pose significant challenges as over 91 per cent of all expenses are interest payments. In a monthly report on the state of economy, the ministry expressed the hope that nascent economic activities would remain better throughout the fiscal year. “On the expenditure side, higher markup payments will continue to pose significant challenges fo
Trading on the shares market commenced on the week’s first working day on a strong note as the benchmark of major stocks remained in the green zone throughout trading hours. Topline Securities Ltd said the KSE-100 index settled on the higher side ahead of the State Bank of Pakistan’s monetary policy announcement, which was scheduled in the post-trading hours on Monday. Power, fertiliser, cem
The International Monetary Fund’s (IMF) role is to help countries recover from financial crises by offering them loans, albeit with the caveat of imposing structural programmes, which is where the controversy begins. The 1997 Asian Financial Crisis was a convoluted region-wide crisis. Thailand, Singapore, Malaysia, Indonesia and South Korea operated in a hot-money bubble in the 1980s and 1990s:
Things got pretty exciting for Pakistan’s freelance community as the State Bank introduced a new framework allowing them to open the Exporters’ Special Foreign Currency Account to retain their dollars. In a similar vein, Sadapay made a big splash when they announced integrating with Apple Pay and GPay, enabling freelancers to get paid directly into their wallets. The product seems to be pretty
The caretaker Punjab government is all set to present its second four-month budget of the ongoing financial year 2023-24 before the cabinet, led by Chief Minister Mohsin Naqvi, on Monday (today). Earlier in June, the caretaker government had presented its first four-month — July-October — budget to the tune of Rs1.72 trillion after having spent the remaining six months’ budget (January-June 20