KARACHI: Pakistan’s business sentiment has improved sharply, yet key economic concerns continue to weigh on investors, according to the Business Confidence Survey Wave 28 released by the Overseas Investors Chamber of Commerce and Industry (OICCI). Read More: Businesses‘ confidence rises to a four-year high, Gallup Survey Despite the upbeat indicators, respondents flagged taxation, inflation, rupee […]
rupee devaluation
Pakistan’s widening current account deficit raises currency concerns
ISLAMABAD: Pakistan’s current account deficit has widened sharply in recent months, driven by surging imports and stagnant exports, raising concerns over the sustainability of the country’s external position. The growing imbalance is exerting pressure on the rupee, even as robust remittances continue to keep foreign exchange markets liquid. The State Bank of Pakistan (SBP) has […]
Prime Minister asks business community to not worry about rupee devaluation
LAHORE: Prime Minister Imran Khan on Saturday has asked the business community and traders to not worry about rupee devaluation. Speaking at the Lahore Chamber of Commerce & Industry (LCCI), the Prime Minister said that government was taking all out measures to ensure the ease of doing business in the country and attract foreign investors […]
No further need for devaluation, Miftah Ismail vows
WASHINGTON: Adviser to the Prime Minister on Finance, Revenue and Economic Affairs, Mr. Miftah Ismail assured markets on Saturday that the Pakistani Rupee would not be devalued any further. In an interview with Bloomberg, Mr. Ismail claimed that the Rupee had found its “optimal value” following recent devaluations, and the Rupee would now “remain stable.” […]