Profit-Taking The Pakistan Stock Exchange (PSX) encountered persistent bearish sentiment on Friday as shares extended losses, resulting in a substantial dip of nearly 500 points. The KSE-100 index, according to …
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(IMF) programme
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Politics
Bloomberg Reports: Best Economic Performance in 30 Years During Nawaz Sharif’s Leadership
by Hamza Irshadby Hamza IrshadLeadership Bloomberg Economics’ analysis reveals that Pakistan’s economy witnessed its most robust performance in three decades under the leadership of Nawaz Sharif, who served as the country’s Prime Minister three …
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Economy
IMF Highlights Pakistan’s Need for $71.88 Billion External Financing Over Next Three Years
by Hamza Irshadby Hamza IrshadExternal Financing Pakistan is facing a significant financial challenge as the International Monetary Fund (IMF) emphasizes the country’s need for external financing amounting to $71.88 billion over the next three …
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Loan The United Arab Emirates (UAE) has officially confirmed the extension of its two deposits, each valued at $1 billion, with the State Bank of Pakistan (SBP) for an additional …
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Economy
SBP Boosts Reserves as Pakistan Receives $700 Million from IMF
by Hamza Irshadby Hamza Irshad$700 Million The State Bank of Pakistan (SBP) has confirmed the receipt of the second tranche of Special Drawing Rights (SDR) amounting to SDR 528 million, equivalent to $705.6 million, …
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Economy
Circular Debt Soars to Rs5.73 Trillion, Posing Economic Challenge
by Hamza Irshadby Hamza IrshadEconomic Challenge ISLAMABAD: Pakistan’s energy sector circular debt has surged to a record Rs5.73 trillion, surpassing earlier estimates by Rs1.5 trillion and posing a significant economic challenge. Official documents reveal …
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Economy
Political Uncertainty Stalls Stock Market, Investors Remain Cautious
by Hamza Irshadby Hamza IrshadStock Market KARACHI: The optimism fueled by an IMF-driven rally in the stock market proved short-lived as mounting political tensions unsettled investors, leading them to capitalize on gains and causing …
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ISLAMABAD: The International Monetary Fund (IMF) has reported an overall improvement in macroeconomic conditions in Pakistan, forecasting a 2% economic growth in FY24. Despite these positive developments, the outlook remains …
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IMF Board The International Monetary Fund’s executive board has granted approval for the immediate disbursement of $700 million for Pakistan under the $3-billion Stand-By Arrangement (SBA), as part of the …
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Economy
PTI gives up its support for IMF loan as party expressed concerns about the fairness of the upcoming elections: PTI chief denies
The Pakistan Tehreek-e-Insaf (PTI) has decided to retract its support for Pakistan’s $3 billion stand-by arrangement loan program from the IMF. A delegation from PTI, headed by Chairman Barrister Gohar, …