Pakistan is in talks with Middle Eastern banks to secure about $4 billion in loans required to meet external financial needs during the current fiscal year as part of the $7bn Extended Fund Facility (EFF) currently pending approval of the executive board of the International Monetary Fund (IMF). Finance Minister Muhammad Aurangzeb and his team, including Minister of State for Finance, Revenue
The Pakistan Stock Exchange (PSX) has evolved into a dynamic financial market, emerging as a top platform for the government and private sector to secure financing for their projects. This was highlighted by PSX’s outgoing Managing Director and CEO, Farrukh H Khan, during a press conference on Tuesday to launch the ‘One-Share Marketable Lot for Regular Market.’ Khan noted that recent infrastruc
Overseas Pakistanis deposited and invested $161 million in July 2024 through the Roshan Digital Account (RDA), a figure below the past six-month average, contributing to a Rs0.18/$ decline in the domestic currency in the inter-bank market on Wednesday. According to State Bank of Pakistan (SBP) data, these inflows have pushed total RDA receipts to $8.42 billion since the accounts were introduced
Investors of the United Arab Emirates (UAE) have shown keen interest in forging joint ventures (JVs) with the Pakistan Furniture Council (PFC) to tap the global market by meeting international standards. According to PFC Chief Executive Officer Mian Kashif Ashfaq, who is currently visiting Gulf countries and holding meetings with his counterparts, the collaboration between UAE investors and the
Pakistan is facing the threat of losing exports and foreign direct investment (FDI) because of potential failure to comply with measures required to combat climate change as global buyers increasingly urge domestic producers to report their best and bad practices contributing to global warming. Speaking at the launch of a report titled "Pakistan's Climate Crossroads: Private Sector Solutions to