Pakistan’s exports to European nations witnessed a 12.13 per cent decline in the first quarter of the current fiscal year compared to the same period last year, primarily due to a reduced demand for Pakistani goods in western and northern Europe. The export revenue from these countries fell to $1.929 billion in July-September FY24, a noticeable drop from the $2.212bn recorded in the correspond
Caretaker Prime Minister Anwaarul Haq Kakar on Thursday urged Economic Cooperation Organisation (ECO) countries to enhance their regional share in international trade. “Despite being blessed with natural resources, geographical linkages and cultural heritage, ECO region has been unable to exploit its true trade potential as it had just two per cent share in global trade and 8pc in intra-regiona
The caretaker government and the International Monetary Fund (IMF) have reached a consensus on backup measures to activate by the year’s end if significant deviations from fiscal and monetary objectives threaten the broader aims of the ongoing $3 billion loan programme. Informed sources told Dawn that a visiting mission of the IMF and the Pakistani authorities would be concluding technical-leve
The frequent rupee depreciations against the US dollar amid a supply-demand mismatch is a serious concern for the International Monetary Fund (IMF), sources in the financial sector told Dawn on Thursday. The sources said that the continued devaluation of PKR has changed the view about the exchange rate stability which emerged in the wake of a crackdown launched in early September against the il
The bourse witnessed a tug of war as bullish and bearish forces battled to subdue each other on Tuesday. Topline Securities Ltd said trading started on a positive note as the momentum from a day ago propped up the benchmark index initially. However, investors chose to book profits, dragging the KSE-100 index down to the negative territory. The profit-taking ended the session on the lower sid