Pakistan trade imbalance with the Middle East widened 35.5 per cent to $1.081 billion in the first month of 2024-25 from $797.78 million over the same month last year owing to a rise in petroleum imports from the region. The trade gap narrowed significantly in FY24. Still, according to data compiled by the State Bank of Pakistan, the rising trade deficit with the region will concern policym
Finance Minister Muhammad Aurangzeb asked foreign investors on Wednesday to explore fixed-income investment opportunities in the economy. During a meeting with a delegation of international investors, led by JP Morgan Pakistan CEO Amin Mohammad Khowaja, the minister highlighted the significant strides Pakistan has made in improving its macroeconomic indicators — including a 14 per cent rise in
The European Investment Bank (EIB) on Wednesday expressed keen interest in financing the upgrade of the National Highway (N-5 from Karachi to Torkham and a major water project in Karachi) and committed £50 million ($55.5m) for the rehabilitation of a hydropower project in Khyber Pakhtunkhwa. As a visiting delegation of the EIB, led by Edvardas Bumsteinas, head of Division for Asia & the Pacific
Pakistan Stock Exchange (PSX) dropped over 200 points owing to profit-taking in selected shares on Monday amid economic uncertainty and worries over the outcome of regulatory oversight of stock trading. In the morning, the KSE-100 index opened on a positive note, reaching its intra-day high of 79,014.68 points. However, the early gains proved short-lived as the market quickly reversed course du
Speculation among salt traders about a potential surge in salt exports to Bangladesh has intensified recently, driven by political developments in Bangladesh and environmental factors affecting salt production in India, the largest supplier to the Bangladeshi market. Industry insiders report a noticeable increase in quotation requests from Bangladeshi traders, largely due to Bangladesh's recent