• October 21, 2024
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Pakistan’s economy is improving, says Muhammad Aurangzeb

Pakistan’s economy is improving, says Muhammad Aurangzeb

Web Desk October 10, 2024

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has expressed optimism about Pakistan’s economic progress, citing significant improvements in macroeconomic stability over the past 12-14 months. Key Achievements Aurangzeb attributed these gains to the government’s efforts to facilitate the private sector, rather than doing business itself. He welcomed Saudi Arabian delegates to promote trade […]Read More

Pakistan’s Economy on the Right Track, Says IMF Chief

Pakistan’s Economy on the Right Track, Says IMF Chief

Web Desk September 26, 2024

In a significant boost to Pakistan’s economic prospects, International Monetary Fund (IMF) Managing Director Kristalina Georgieva has praised the country’s progress, stating that its economy is moving in the right direction. Congratulations to Pakistan Georgieva congratulated the government and people of Pakistan after the IMF Executive Board meeting, acknowledging the country’s significant reforms and improved […]Read More

Pakistan’s economy improving due to economic discipline: ADB

Pakistan’s economy improving due to economic discipline: ADB

Web Desk September 25, 2024

Pakistan’s economy is witnessing a significant turnaround, thanks to its commitment to economic discipline. According to the Asian Development Bank (ADB), the country’s inflation rate has dropped to its lowest level in two years, decreasing from 23.5% to 15%. This downward trend is expected to continue, fostering a more stable economic environment. Improved Growth Rate […]Read More

Pakistan’s Total Debt Reaches Rs 71 Trillion

Pakistan’s Total Debt Reaches Rs 71 Trillion

Web Desk August 30, 2024

Pakistan’s federal government has released the latest figures on the country’s domestic and foreign debt, revealing a staggering total of Rs 71 trillion as of June 2024. This alarming number raises concerns about the country’s financial stability and its ability to manage its debt burden. Breakdown of Debt The country’s total bills comprise 66% domestic […]Read More

Pakistan Secures Debt Rollover Commitments from Key Allies

Pakistan Secures Debt Rollover Commitments from Key Allies

Web Desk August 7, 2024

Pakistan has successfully secured debt rollover commitments from China, Saudi Arabia, and the UAE for a year, paving the way for a new IMF loan program. IMF Loan Program Last month, Pakistan reached a staff-level agreement with the IMF for a $7 billion loan program, contingent on securing financing commitments from bilateral donors. Financing Commitments […]Read More

IMF highlights ‘loopholes’ in Pakistan’s failure to increase exports

IMF highlights ‘loopholes’ in Pakistan’s failure to increase exports

Web Desk July 25, 2024

The International Monetary Fund (IMF) has pinpointed weaknesses in Pakistan’s export growth, citing a report submitted to the government. Key Challenges The report highlights three main obstacles: These challenges hinder Pakistan’s export performance, according to the IMF. Global Competition The IMF advises Pakistan to consider global market trends for both exports and imports, emphasizing the […]Read More

PM Shehbaz Sharif Woos Turkmen Investors

PM Shehbaz Sharif Woos Turkmen Investors

Web Desk July 24, 2024

Prime Minister Shehbaz Sharif has emphasized the importance of the Special Investment Facilitation Council (SIFC) in attracting foreign investors to Pakistan’s promising economic landscape. Meeting with Turkmenistan’s Foreign Minister During a meeting with Turkmenistan’s Minister for Foreign Affairs, Rashid Meredov, PM Shehbaz invited Turkmen investors to invest in various industries, highlighting the country’s favorable business […]Read More

PM Shehbaz Sets Ambitious Export Target of $60 Billion

PM Shehbaz Sets Ambitious Export Target of $60 Billion

Web Desk July 23, 2024

Prime Minister Shehbaz Sharif chaired a meeting of the National Export Development Board, setting a bold target of increasing annual exports to $60 billion within three years. Achieving the Target The commerce ministry and relevant departments must take necessary measures to achieve this goal. The PM emphasized resolving exporters’ issues and presenting a report within […]Read More

Industries on the Brink of Devastation Due to IPP Agreements and Expensive Electricity

Industries on the Brink of Devastation Due to IPP Agreements

Web Desk July 22, 2024

The Korangi Association of Trade and Industry (KATI) warns that the IPP agreements and expensive electricity have pushed industries to the verge of devastation. Unjust Contracts President KATI Johar Ali Qandhari demands a review of the IPP contracts, stating they are unjust and crippling industries. He highlights that payments are made in dollars for unused […]Read More

IMF Offers Support for Pakistan’s Economic Reform Programme

IMF Offers Support for Pakistan’s Economic Reform Programme

Web Desk July 13, 2024

Julie Kozack, Director Communications International Monetary Fund (IMF), has announced that the IMF is ready to assist Pakistan in forming a policy that will create the basis of a medium-term reform programme. The announcement came during a press conference, where Kozack revealed that the IMF had been in talks with Pakistan from May 13 to […]Read More

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