KARACHI – The Pakistan Stock Exchange (PSX) opened on a strong note on Thursday after reports of significant progress between the International Monetary Fund (IMF) and the Government of Pakistan on key economic reviews. The KSE-100 index jumped 1,382.51 points to reach 166,647.25 points, marking an increase of 0.84% as optimism spread across the trading floor. […]
Pakistani economy
IMF satisfied with Pakistan’s economic progress, no mini-budget expected
The International Monetary Fund (IMF) will not require a mini-budget from Pakistan before June. This decision comes as the IMF expresses satisfaction with the measures Pakistan has taken to stabilise its economy. Negotiations between the two sides are wrapping up today. Finance Minister Ishaq Dar will meet with the IMF team to conclude discussions and […]
Not the future we’ve worked for our entire lives: Shaan Shahid is displeased with the rupee’s depreciation
Pakistan’s economy is collapsing by the day, and citizens are finding it difficult to accept this. Despite the seriousness of the issue, filmmaker Shaan Shahid felt compelled to voice his opinions on the subject after reading a news article about Pakistan’s currency ranking worse than Ethiopia’s. “A sad day indeed,” Shaan wrote on Instagram while […]
When world economies go down, Pakistan performs well: Forbes
ISLAMABAD: The Coronavirus pandemic has created difficulties for big economies of the world, whereas Pakistan has succeeded in reviving its economy. The Pakistani economy is expected to grow by nearly 4 percent in fiscal year 2021 (FY21) exceeding initial projections. Forbes Magazine reported; “Even giants like the United States and India have had difficulty dealing […]
SBP second quarterly report sees economy growing
ISLAMABAD: The State Bank of Pakistan (SBP) released the second quarterly report for Pakistan’s Economy fiscal year 2020-2021 on Thursday. The report presents how the economy of Pakistan has strengthened since the first quarter, and how it has recovered. The rate of recovery is evident from the rapidly growing industry, the outcome of major Kharif […]