Finance Minister Asad Umer Monday revealed that the bailout package ‘agreed in principle’ with the International Monetary Fund (IMF) will be around $6-8 billion. Briefing the National Assembly Standing Committee on Finance, Revenue and Economic Affairs, Asad Umer said the IMF has finalised a bailout package for Pakistan during talks between the two sides at […]
ADB
Pakistan discusses economy, reforms with WB, ADB
Finance Minister Asad Umar and the Pakistani delegation he has been leading met with representatives of the Asian Development Bank (ADB) and World Bank (WB) and discussed the issues related to economy and the reforms measures taken by Pakistan. They also held a number of bilateral meetings on the sidelines of the International Monetary Fund […]
PTI economic policies, a failure?
Pakistan is passing through toughest economic conditions of its history. Yet these conditions are not irreparable or irreversible. There is a light of hope on the other side of this darkest long tunnel. What we need is to be focused and to let the storm of repayments due this year be settled. These repayments are […]
Investor concerns take PSX index down 3% WoW
The KSE-100 index bled through most of the week, closing 2.9 percent week-on-week (WoW) lower at 37,522 levels. Market participation also dipped during the week with 7.5 percent WoW decline in average daily traded volume (119 million shares) and 20.4 percent WoW decline in average daily traded value (US$ 25 million). Almost all sectors contributed […]