The country’s development programme seems to be in tatters, incapable of meeting even a fraction of its infrastructure and growth potential, while budgetary allocations are flowing to constituency politics and deficit financing, in what is deemed a blatant violation of the decisions of the National Economic Council (NEC), the apex economic decision-making body. This is the crux of a formal sum
The European Union has opted to continue with its restrictions on Pakistani airlines, including Pakistan International Airlines (PIA), after recent evaluations raised ongoing safety concerns. The decision, underscored by the possibility of future reviews, follows an exhaustive assessment by the EU Air Safety Committee. During its latest meetings, the committee determined that there were in
Foreign companies operating in Pakistan have repatriated a notable amount of profit and dividends, totalling $56.6 million, to their headquarters abroad in April 2024. This repatriation continues since the notable improvement in the country’s foreign exchange reserves in recent times. Although the repatriation fell to a three-month low in April, the Secretary General of the Overseas Investors C
Most investors have parked their savings in risk-free money market and income funds through mutual fund companies, keeping their investment notably low in the riskier Pakistan Stock Exchange (PSX). This is despite the fact that the bourse has outperformed all assets, offering a historically high return on investment of 90% in the first 11 months of the outgoing fiscal year 2023-24. The money ma
Businessmen have welcomed the announcement from the United Arab Emirates (UAE) of a $10 billion investment in Pakistan’s promising economic sectors. Talking to APP on Tuesday, Pakistan Business Forum (PBF) President Khawaja Mehboobur Rehman commended the UAE’s development journey and emphasised Pakistan’s commitment to strengthening its friendship with the Gulf Arab nation and expanding coopera