Finance Minister Muhammad Aurangzeb during an interview Finance Minister Muhammad Aurangzeb said the government intends to launch Panda Bond by June this year to strengthen the country’s presence in China’s capital markets. “Pakistan plans to raise around $200 million from Chinese investors through the issuance of the Panda Bond,” the finance minister said in an … Read more
An investor can be seen talking on the phone in front of the digital screen of the Pakistan Stock Exchange. — AFP/File Foreign sales continue this week. Positive contributions come from the last session of the week. The current account becomes in surplus, says the expert. KARACHI: The stock market is expected to continue its … Read more
A woman holds U.S. dollar bills in this illustration taken May 30, 2022. — Reuters Prime Minister Shehbaz said the project aims to implement digital infrastructure. The Prime Minister says the project will focus on sectors likely to attract foreign investment. The Prime Minister says the country is moving towards a dynamic digital economy. LAHORE: … Read more
A representative image of a currency dealer counting $100 bills. — AFP/File The current account surplus for December alone climbs to $582 million. The turnover surplus decreased by 15% compared to the previous month. . Prime Minister Shehbaz Sharif welcomes current account surplus. KARACHI: Pakistan recorded its highest current account (CA) surplus in 15 years … Read more
A representative image of an open pit mine. —Reuters/File A Gulf country will initially obtain 10% of the shares. Foreign exchange will be introduced into Pakistan. Revised valuation of project shares in the works. ISLAMABAD: Pakistan and the Kingdom of Saudi Arabia (KSA) are set to finalize details of the multi-billion dollar Reko Diq project … Read more
A man walks with bags of supplies on his shoulder to deliver them to a nearby store at a market in Karachi, Pakistan, June 11, 2024. — Reuters The IMF forecasts Pakistan’s GDP growth of 4% in 2026. Expects a 2.6% drop in energy commodity prices in 2025. It forecasts a 2.5% increase in the … Read more
Flames from a gas stove. — Reuters/File Implementation involves a cap of 100 million cubic feet of gas to be sold to the private sector. Circular debt must be reduced through timely advance payments to E&P companies. The notified decision of the government has virtually liberalized the upstream oil and gas sector. ISLAMABAD: The monopoly … Read more
A technician repairs new electricity meters at a residential building in Karachi in this undated photo. — AFP/File Sensing billing used to cover transmission and distribution losses. Fees passed on to consumers on estimated and detected units. The report raises concerns aboutprecision, legitimacy of detection units. ISLAMABAD: Amid the government’s continued efforts to provide relief … Read more
Brokers monitor an index showing the latest stock prices at the Pakistan Stock Exchange in Karachi on January 26, 2023. — AFP The KSE-100 index jumped 1.26% to close at 115,272.08 points. Analyst says market traded higher after ruling in £190m case. According to him, the current account surplus also helped to boost investor morale. … Read more
Men sell vegetables at their makeshift stalls at Empress Market in Karachi, April 2, 2018. — Reuters PBS releases data for the week ending January 16. Tomatoes lead weekly price declines. The annual SPI data highlights a complex inflationary situation. KARACHI: Inflationary pressures in Pakistan further moderated as the Sensitive Price Indicator (SPI) recorded a … Read more