Pakistan’s exports to nine neighbouring countries recorded a significant decline of 19.68 per cent during the first 11 months of the outgoing FY23, according to data gathered by the State Bank of Pakistan (SBP). This drop is largely attributed to a decrease in shipments to China. Notably, the decline in trade is not limited to exports alone, as imports, particularly from China, have also witnes
Welcoming the signing of the $3 billion nine-month Stand-By Arrangement (SBA) with the IMF, the business community hopes the deal would end uncertainty and restore the confidence of local and foreign investors direly needed to revive the economy. Talking to Dawn, Businessmen Group (BMG) Chairman Zubair Motiwalla said this Staff-Level Agreement (SLA) would bring economic stability besides restor
With the International Monetary Fund (IMF) now on board, the government considers meeting most of its external financing needs in the medium term through 10- to 15-year international bonds and concessional multilateral loans. It also plans to diversify local debt instruments to inflation-based bonds, list government papers on the stock exchange, and issue short-term Islamic and conventional flo
Pakistan has been grappling with persistent challenges in meeting the demand for natural gas, resulting from increasing energy needs, infrastructure limitations, and supply-demand gaps. Last year, domestic natural gas production in Pakistan experienced a decrease of approximately five per cent. Around 25pc of the country’s natural gas consumption is being met through imported LNG. The governmen
The demand for energy is on the rise due to economic expansion, population growth, and rapid technological advancements. However, the reliance on imported fossil fuels and energy supply limitations poses significant challenges to the country’s economic prospects. In response, the government aims to optimise the utilisation of local energy sources such as hydel, solar, wind, and Thar coal. The g