Positive developments on economic and geopolitical fronts on Monday fuelled a bullish run at the Pakistan Stock Exchange (PSX) which boosted investors sentiments propelling the benchmark KSE 100 index above 166,000-point barrier. Market euphoria was fuelled by a major diplomatic breakthrough — Pakistan and Afghanistan reached an immediate ceasefire agreement following high-level negotiations i
It is all a fiscal problem. Effective tax rates have reached a point where there is no economic incentive to invest in the economy, in the absence of which, economic growth will remain a distant dream. Total consumption as a percentage of GDP was almost 100 per cent in 2024-25; the highest ever. Any growth to be driven by consumption will be short-lived. Any sustainable growth requires massive
The Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, has assured exporters that the government would remove hurdles in meat exports to various international markets and will extend all possible facilities to meat exporters. The minister assurance came while presiding over a meeting to address the bottlenecks faced by meat exporters in exporting meat to M
The State Bank of Pakistan (SBP) has signed an agreement with the International Finance Corporation (IFC) — a member of the World Bank Group — to strengthen local currency financing and support private sector growth in Pakistan, according to a press release issued on Monday. According to the World Bank, borrowing in foreign currencies exposes clients to the risk that debt and debt service payme
After receiving approval to restart flights to the United Kingdom, Pakistan is now preparing to resume direct air links with the United States, Aviation Minister Khawaja Asif said on Monday. Speaking to a private TV channel, Mr Asif indicated progress in discussions with American aviation authorities. “Hopefully, permission will be granted soon,” he said, adding that the government is