Researchers and analysts say the State Bank of Pakistan (SBP) could reduce its policy rate by 100 to 150 basis points at Monday’s Monetary Policy Committee meeting. The upcoming monetary policy review is of high importance, particularly given the declining trend of inflation and a stalemate-like situation for economic growth. Despite some firm arguments in favour of maintaining the interest
Prime Minister Shehbaz Sharif informed the International Monetary Fund (IMF) Managing Director (MD) Kristalina Georgieva in a meeting on Sunday that his government was fully committed to putting Pakistan’s economy “back on track”. In a meeting on the sidelines of the World Economic Forum (WEF) Special Meeting in Riyadh, the premier thanked Georgieva for her support to Pakistan in securing the U
While simultaneously working on proposals for expenditure control, the government is ready to hire around one and a half dozen technical experts and consultancy firms from the market at special remuneration packages, starting with the ministries of energy and finance. The recruitment model for ‘technical advisers’ would subsequently be replicated in 10 other economic and technical ministries in
The situation in Gaza and broader Middle East tensions are expected to get top billing at a Saudi-hosted special meeting of the World Economic Forum (WEF) that began here on Sunday. US Secretary of State Antony Blinken, Palestinian leaders and high-ranking officials from other countries striving for a ceasefire are on the guest list for the summit in the capital of the world’s biggest crude oil
Finance Minister Muhammad Aurangzeb has said that the undocumented economy has been the biggest challenge for the country and the government is considering transition towards the digital solutions for its documentation. Speaking during a session on Opening Doors with Fintech at a special World Economic Forum (WEF) meeting in Riyadh on Sunday, the finance minister said that approximately Rs10 tr