The current account posted a nine-year-high surplus in March, making it possible for the country to bring down the overall deficit to below $1 billion during the July-March period of FY24. The March surplus was much higher than February’s $98m. The latest data issued by the State Bank on Monday shows the current account was $619 million in surplus last month — a rise of 15.3 per cent over $5
The Executive Board of the International Monetary Fund (IMF) will meet on April 29 to finalise its last review of Pakistan’s $3 billion Stand-By Arrangement (SBA). “According to the IMF’s event calendar, the review meeting is set for 10:00am on April 29,” a diplomatic source informed Dawn. Earlier this week, the Fund published a schedule of the Executive Board’s meetings on its website, whic
Lost within the noise of new International Monetary Fund (IMF) programme, political instability and tragic security incidents, is the case of Pakistan’s rising stock market. Very quietly – from its own standards – the KSE-100 index has increased nearly 75% from 40,000 points seen almost a year ago. This is increasing the confidence of a very small segment of society benefiting from the resurgen
Significant economic reforms have helped India to become one of the fastest growing nations in the world. With a population of 1.4 billion people, India has a diverse economy with a growth outlook that overshadows most of its Asian peers. Economic liberalisation and rising incomes have stimulated India’s rapid growth in trade across the globe with foreign direct investment (FDI) increasing sign
The period of ultra-low interest rates, often dubbed the “free money era”, has officially concluded. This shift in global monetary policy signifies a critical turning point for economies worldwide, especially Pakistan. The free money era was characterised by a time when major central banks, such as the US Federal Reserve (Fed), the European Central Bank (ECB), the Bank of England (BoE), and the