South Asia’s economic outlook is expected to remain strong, outperforming other regions. The GDP is projected to grow by 5.8 per cent in 2024 and 5.7pc in 2025, the United Nations says in its latest report. The ‘World Economic Situation and Prospects September 2024 Update’, released by the United Nations Department of Economic and Social Affairs (DESA), notes that risks to the region’s prospect
Following an IMF announcement that Pakistan’s case would be taken up by its board later this month, Prime Minister Shehbaz Sharif on Thursday expressed gratitude to some friendly countries, which had monetarily supported Pakistan in its negotiations with the lender. “Our friendly and brotherly countries have come all the way to support us again,” he said while chairing a meeting of the federal
The Pakistan Stock Exchange (PSX) experienced a sharp decline on Wednesday, with the KSE-100 index plummeting by 634.94 points amid growing political uncertainty and cautious investor activity ahead of the State Bank of Pakistan's (SBP) upcoming policy announcement. The trading day started on a positive note, with the KSE-100 index hitting an intraday high of 79,507.17 points. However, market o
Turkmenistan is set to become the first Central Asian country to access the Gwadar Port under China Pakistan Economic Corridor (CPEC) as both countries are about to ink an agreement in this regard. Pakistan and Turkmenistan are already venturing various joint projects, including TAPI pipeline, railway track and fibre connectivity to connect two regions - South and Central Asia. Sources told
The government on Wednesday withdrew a proposal to establish a new Export Processing Zone (EPZ) in Balochistan, complying with a condition set by the International Monetary Fund (IMF), highlighting the global lender's growing influence over the country's economic decision-making. The Ministry of Industry and Production had initially pushed for the creation of the EPZ to promote copper exports f