Finance Minister Muhammad Aurangzeb asserted on Tuesday that Pakistan was heading in the right direction towards achieving macroeconomic stability and continued to stress the importance of securing external financing necessary to secure IMF’s approval for a $7 billion bailout package, with the support of provincial governments. In a recorded address broadcast on national television, Mr Au
The Pakistan Stock Exchange (PSX) experienced a mixed session on Monday, with the KSE-100 Index closing 205 points lower after fluctuating between gains and losses throughout the day. The stock market’s benchmark index began the session on a positive note, reaching an intra-day high of 79,014.68. However, profit-taking in the second half of the session pushed the index down to the intraday low
Both Democrats and Republicans are now competing for the mantle of change, which is stated to have emerged as one of the early thematic battlegrounds of the US November presidential elections. The battle is especially significant at a moment when polls show that a sizeable majority of Americans are unhappy with the state of their nation’s affairs, says a political analyst. An overwhelming 69 pe
Pakistan’s economy has long been in the grips of financial instability, characterised by a rising debt burden and frequent recourse to external financing. The recent statement by Finance Minister Muhammad Aurangzeb underscores the urgency of the situation, as he highlighted the anticipated rollover of loans from friendly countries and ongoing negotiations with the International Monetary Fund (I
The first unit of the Suki Kinari Hydropower project, one of the many power projects being built by China in Mansehra, was connected to the national grid in the middle of last month, marking yet another milestone in the bilateral economic cooperation under the framework of the China-Pakistan Economic Corridor (CPEC). The project is expected to provide more than one million Pakistani households