Despite missing certain IMF benchmarks, Finance Minister Muhammad Aurangzeb has asserted that the current programme will move forward. He confidently stated the International Monetary Fund will be engaged in good faith during the upcoming review to ensure no surprises arise. The minister made the statement during a joint news conference at the FBR headquarters on Thursday, where journalists rep
Adviser to Finance Minister Khurram Schehzad visited Pakistan Stock Exchange (PSX) to discuss strategies for enhancing the depth and performance of capital markets. During his meeting with PSX Chief Executive Officer Farrukh Sabzwari and senior management of the stock market, Schehzad was provided a comprehensive overview of the strategic initiatives aimed at unlocking the potential of capital
Pakistan Stock Exchange (PSX) on Tuesday faced significant volatility as the benchmark KSE-100 index dropped 1,510 points, or 1.33%. Analysts attributed the bearish sentiment to profit-taking amid pressure from the approaching rollover of futures contracts and uncertainty surrounding the outcome of ongoing talks between the government and Pakistan Tehreek-e-Insaf (PTI). The index initially s
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh has said the US is one of the few countries in the world with which Pakistan enjoys a bilateral trade surplus, and Pak-US trade volume crossed the $7 billion mark in 2023 and continues to increase in 2024 as it has crossed $6.3 billion in the first 10 months. "From the perspective of the business, indus
Foreign loan disbursements dropped 43% to $3.6 billion in the first five months of the current fiscal year due to slower-than-expected releases, showed the official statistics on Monday. Against loans of $6.4 billion received during the July-November period of last fiscal year, Pakistan got $3.6 billion from bilateral and multilateral creditors during this fiscal year, according to figures repo