The logo of the International Monetary Fund (IMF) is seen outside the head office in Washington, in the United States. – Reuters / File The IMF staff agreement (SLA) with the Pakistani authorities on the first Examination of the Extended Fund of 37 months (EFF), while introducing a new 28 -month arrangement as part of … Read more
Listen to the article Prime Minister Shehbaz Sharif announced on Wednesday that his government was trying to improve telecommunications services and increase internet access in distant regions of Pakistan, in order to extend IT exports and support the community of growing freelancers of the country. During a meeting of the economic advisory council, the PM … Read more
The panelists are engaged in a frank conversation on economic challenges, tax policies and public alleviations at Geo News Show Debate organized by Shahzeb Khanzada. – Screengrab via YouTube / Geonews The country cannot afford rapid economic growth despite stability: Langrial. Tabba calls for native growth, not importation. ARIF HABIB CONDITIONS The approach of the … Read more
The Minister of Finance of India, Nirmala Sitharaman, holds a file with the government of the India logo when it poses with its officials while leaving its office to present the annual budget in Parliament, in New Delhi, India India , February 1, 2025. – Reuters New Delhi: India plans to reduce income tax rates … Read more
A currency broker stands near his stand, which is decorated with photos of currency tickets, while dealing with customers, along a road in Karachi, Pakistan, January 27, 2023.— Reuters Inflation dropped to 7.2% in H1-FY2025, compared to 28.8% a year earlier. The agricultural sector increased by 6.2% during the 201024 financial year, supported by the … 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
IMF Managing Director Kristalina Georgieva speaks during a press briefing during the 2024 Spring Annual Meetings of the IMF and the World Bank in Washington, United States, April 19, 2024. — Reuters Higher interest rates persist, affecting global economic stability. Diverging regional growth trends highlight uneven recovery trajectories. The IMF warns of rising financing costs … Read more
The image shows the members of the KCCI committee. – Journalist As Pakistan faces economic uncertainty, the Karachi Chamber of Commerce and Industry (KCCI) has taken a crucial step towards promoting inclusive growth in the agriculture sector. The KCCI established an agricultural committee to foster collaboration between small and medium enterprises (SMEs), large businesses and … Read more
US dollars are counted by a banker who counts currency at a bank. —Reuters H1FY25 remittances increased 32.8% YoY Top remittance sources: Saudi Arabia, United Arab Emirates and United Kingdom. Higher incomes and digital infrastructure as drivers. Pakistan’s remittances reached $3.1 billion in December, an increase of 29.3 percent year-on-year, central bank data showed on … Read more
A man reads the newspaper while selling betel leaves, cigarettes and sweets at a shop in Karachi. — Reuters/File A useful monetary policy to support economic activity: report. Forecasts weaken agricultural growth due to heavy rains. Wheat and Cotton Expected to Perform Poorly in FY2025. ISLAMABAD: The Asian Development Bank (ADB), in its recent publication, … Read more
Finance Minister Muhammad Aurangzeb speaks during an interview in his office in Islamabad on July 19, 2024. — Reuters ISLAMABAD: Forecasting a strong current account surplus this year, Finance Minister Mohammad Aurangzeb on Monday ruled out any desperate measures that risked undue external pressure, thereby preserving hard-won economic gains. “Three years ago, the government stepped … Read more
People walk while shopping at a market in Karachi on April 19, 2023. — Reuters ISLAMABAD: The country’s economy demonstrated sustained positive developments during the first five months of the current fiscal year, with prudent fiscal management and strategic reforms paving the way for sustainable economic growth, the Ministry of Finance said on Friday. Finance. … Read more