ISLAMABAD: Former prime minister Shahid Khaqan Abbasi on Wednesday urged the Shehbaz Sharif government to implement the agenda of privatisation, particularly in the energy sector, as the greater involvement of the private sector is the key to addressing economic crisis. He was addressing as the chief guest at the inaugural session of the 16th CSR Summit and Awards-2024 organised by the National
ISLAMABAD: Pakistan’s external public debt rose by $1.2 billion in six months to $86.358bn as of September 30, 2023, according to the Ministry of Economic Affairs (MEA). In its first quarterly report on Foreign Economic Assistance (FEA) of the current fiscal year released on Wednesday, the ministry said Pakistan had received total foreign inflows of $3.5bn in July-September 2023 against loan re
KARACHI: Pakistan Stock Exchange (PSX) on Tuesday faced pressure from economic headwinds and lost over 200 points as dismal data indicating a significant 19% year-on-year (YoY) decline in cement sales and an 8% decrease in oil consumption left investors worried about the future course of the economy. In the morning, the trading session commenced on a strong note, building upon the gains reco
KARACHI: The stock market snapped its four-day winning streak as investors resorted to profit-taking following reports that the new government has begun preparations to engage the International Monetary Fund (IMF) for the start of final review under the current $3bn Stand-By Arrangement (SBA) and negotiating a fresh Extended Fund Facility. The country is faced with numerous economic issues main
KARACHI: Pakistan’s US dollar-denominated Eurobonds hit a record high price in the global market following an informal invitation from the newly elected government of Prime Minister Shehbaz Sharif to the International Monetary Fund (IMF) for talks on the last loan tranche of $1.1 billion and a new loan programme. The development spurred global investors, encouraging them to take new position