Pakistan’s foreign exchange assets hit $18.7 billion, three-year high Blogging Sole

Pakistan’s foreign exchange assets hit .7 billion, three-year high

 Blogging Sole

A currency dealer counts US dollars at a store in Karachi, May 19, 2022. — AFP The country’s foreign exchange assets also include gold reserves of $5.5 billion. Commercial bank liquid reserves of $4.7 billion are not included. Increase in foreign exchange reserves due to strict import restrictions: expert. KARACHI: Pakistan’s total foreign exchange assets … Read more

ADB upgrades Pakistan’s growth outlook to 3% in FY25 Blogging Sole

ADB upgrades Pakistan’s growth outlook to 3% in FY25

 Blogging Sole

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

Pakistan’s trade deficit rises to $2.44 billion in December Blogging Sole

Pakistan’s trade deficit rises to .44 billion in December

 Blogging Sole

U.S. dollar bills are seen in this photo taken on February 12, 2018. — Reuters December exports amounted to $2.84 billion, an increase of 0.67% year-on-year. Imports climbed to $5.285 billion, registering an increase of 14% year-on-year. Monthly comparisons showed a 47% increase in the trade deficit. ISLAMABAD: Pakistan’s trade deficit reached $2.44 billion in … Read more

Pakistan’s ‘uraan’ sure as opposition agrees on economic charter, says Rana Sanaullah Blogging Sole

Pakistan’s ‘uraan’ sure as opposition agrees on economic charter, says Rana Sanaullah

 Blogging Sole

Advisor to the Prime Minister on Political and Public Affairs, Rana Sanaullah Khan, addressing a press conference, March 1, 2023.— NNI Rana Sanaullah calls for unity for the development of Pakistan. Prime Minister’s aide urges opposition to refrain from any “attacks”. The PTI senator highlights the need for the supremacy of the rule of law. … Read more

Imran Khan admits PML-N government saved Pakistan’s economy from bankruptcy Blogging Sole

Imran Khan admits PML-N government saved Pakistan’s economy from bankruptcy

 Blogging Sole

Imran Khan, former Prime Minister and founder of Tehreek-e-Insaf in Pakistan — PID/File RAWALPINDI: Jailed Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan on Thursday acknowledged that the incumbent Pakistan Muslim League-Nawaz (PML-N)-led government had stabilized the country’s economy which was on the verge of default. “The economy has been stabilized and saved from bankruptcy, but it … Read more

What constitutes a barrier to Pakistan’s adoption of 5G? Blogging Sole

What constitutes a barrier to Pakistan’s adoption of 5G?

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People work near the headquarters of the Pakistan Telecommunication Authority (PTA) in Islamabad, August 16, 2024. — AFP KARACHI: The Pakistan Telecommunication Authority (PTA), in its annual report for 2024, said that even with increasing broadband penetration, Pakistan will experience a difficult transition to 5G, News reported Thursday. There are concerns over the financial challenges … Read more

Pakistan’s tax gap stands at over Rs 7 trillion, says FBR chief Blogging Sole

Pakistan’s tax gap stands at over Rs 7 trillion, says FBR chief

 Blogging Sole

Finance Minister Muhammd Aurangzeb (L) attends a press conference alongside FBR Chairman Rashid Mahmood Langrial in Islamabad on December 26, 2024. — Screenshot via Geo News ISLAMABAD: Amid strenuous efforts of Prime Minister Shehbaz Sharif’s government to widen the tax net and increase revenue generation, Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial has … Read more

US highlights ‘longstanding policy’ of withholding support for Pakistan’s missile program Blogging Sole

US highlights ‘longstanding policy’ of withholding support for Pakistan’s missile program

 Blogging Sole

U.S. State Department Principal Deputy Spokesperson Vedant Patel speaks during a press briefing on May 30, 2024, in this still from video. — US Department of State/website The United States has said its long-standing policy of refusing to support Pakistan’s long-range ballistic missile program, calling Pakistan an “important partner” that shares the US commitment to … Read more

Pakistan’s consumer confidence index rises 0.8 points to three-year high Blogging Sole

Pakistan’s consumer confidence index rises 0.8 points to three-year high

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A man walks with bags of supplies on his shoulder to deliver them to a nearby store at a market in Karachi, June 11, 2024. — Reuters Pakistan’s Consumer Confidence Index (CCI) recorded a gain of +0.8 points, reaching its highest level in three years, according to the December Global Consumer Confidence Index (CCI) Report … Read more

US imposes new sanctions on Pakistan’s missile program Blogging Sole

US imposes new sanctions on Pakistan’s missile program

 Blogging Sole

Pakistani army soldiers stand atop a military vehicle carrying Babur missiles during the Pakistan Day parade in Islamabad, March 23, 2022. — AFP State Department targets four entities with sanctions. The United States says it will continue to act against proliferation. Decision taken in light of the “persistent threat of proliferation”. WASHINGTON: The United States … Read more

Fiscal reforms are key to Pakistan’s debt sustainability Blogging Sole

Fiscal reforms are key to Pakistan’s debt sustainability

 Blogging Sole

People cover up to stay warm during thick early morning fog at the fruit wholesale market on the outskirts of Peshawar, January 9, 2024. — Reuters The debt-to-GDP ratio is expected to gradually decline. External factors, such as the exchange rate, impact debt sustainability. Contingent liabilities remain a significant risk to debt dynamics. ISLAMABAD: The … Read more

ADB approves $330 million for Pakistan’s poverty eradication efforts Blogging Sole

ADB approves 0 million for Pakistan’s poverty eradication efforts

 Blogging Sole

An image of the headquarters of the Asian Development Bank (ADB). — AfDB Website/File ISPDP funding aims to reduce poverty among vulnerable women and families. Additional funding strengthens BISP’s capacity for climate resilience measures. The ADB has committed $52 billion to Pakistan since 1966 for economic development. The Asian Development Bank (ADB) has approved additional … Read more