Foreign Direct Investment (FDI) jumped by 51.7 per cent to $258 million in March compared to $170m in the same month last year. Higher FDI inflows amid prevailing economic and political uncertainties, particularly after the general elections, would help the new government improve the country’s image abroad through economic reforms. However, the State Bank of Pakistan data released on Monday
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