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Pakistan’s GDP growth outlook took center stage as Finance Minister Muhammad Aurangzeb unveiled the Economic Survey 2024-25. He projected a 2.7% GDP growth for the current fiscal year, presenting it as a sign of steady recovery in a volatile global environment. Ambitious Growth Target According to the National Accounts Committee, GDP grew by 1.37% in …
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As Finance Minister Muhammad Aurangzeb prepares to present the national budget on June 10, economists stress the importance of strategic budget planning. The country faces a tough balancing act—meeting defence needs without damaging economic progress. Finance Minister Promises Bold Moves Aurangzeb has hinted at bold fiscal reforms. He aims to reduce the tax burden on …
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Pakistan’s economic recovery received a strong endorsement as the IMF delegation, led by Jihad Azour, met with President Asif Ali Zardari in Islamabad on Friday. The meeting focused on the country’s economic outlook and the progress of the ongoing IMF programme in Pakistan. The IMF praised the reform measures, calling the programme a step in …
Pakistan’s economic recovery gained significant momentum in the first half of FY25, according to the State Bank of Pakistan’s latest report. Featuring the keyword “economic recovery,” the State of Pakistan’s Economy, Half Year Report FY25 outlines a sharp drop in inflation, a surplus current account, and the lowest fiscal deficit since FY05, marking a major …
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The government is making digitization a key priority to enhance transparency and efficiency in public services. Minister for Planning and Development Ahsan Iqbal emphasized this during a press conference in Islamabad. He highlighted that integrating technology into governance is crucial for ensuring fairness and accountability. Ramadan Relief Package: A Step Towards Digital Inclusion For the …
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Commitment to Strcutural Reforms Pakistani authorities have reaffirmed their dedication to structural reforms. The government plans to continue fiscal adjustments to lower public debt while ensuring transparency. Strengthening tax systems and improving public financial managemeny remain key priorities. The IMF has also highlighted the need for strict monetary policies to manage inflation, which has now …
Continue reading “Pakistan Secures $1.3 Billion IMF Deal for Economic and Climate Stability”
Prime Minister Shehbaz Sharif has arrived in Jeddah for a four-day visit aimed at enhancing Pakistan-Saudi economic cooperation. He was welcomed by Prince Saud bin Mishaal bin Abdulaziz, the deputy governor of Makkah, upon his arrival on March 19, 2025. During his visit, he will hold high-level meetings to boost trade, expand investments, and strengthen …
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The Federal Reserve has decided to keep interest rates unchanged at 4.25%-4.50%, signaling that it is in no hurry to cut rates despite economic uncertainty. Chairman Jerome Powell emphasized the need for clarity on inflation and labor market trends before making any policy adjustments. Economic Strength and Inflation Concerns Powell noted that the economy remains …
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Pakistan and the World Bank (WB) reaffirmed their commitment to advancing the country’s economic reform agenda, aiming for sustainable growth and development. The focus remains on fiscal stability, revenue generation, and investment-friendly policies under the 10-year Country Partnership Framework (CPF), which includes a $20 billion funding programme. Key Focus Areas of the Meeting Finance Minister …
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The Pakistan Stock Exchange (PSX) faced another tough session on Wednesday as the KSE-100 Index plummeted by 1,598.82 points, or 1.39%. The index closed at 113,443.43, reflecting weak investor confidence due to economic uncertainty and regulatory concerns. During the session, the index reached an intraday high of 115,256.16 before falling to a low of 113,359.37. …
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The Pakistan Stock Exchange (PSX) began the week on a negative note as the KSE-100 index plunged by 1,332 points. Investors booked profit-taking amid worries in the gas and cement sectors. The index fell by 1.13% to close at 116,255.13 points, down from the previous session’s 117,586.98 points. Analyst Ahsan Mehanti from Arif Habib Corp …
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During the peak of the ‘dot com bubble,’ Masayoshi Son, the founder of SoftBank, suffered a staggering $70 billion loss in just one year. This remains one of the largest personal wealth declines in history. At the same time, the NASDAQ lost nearly 80% of its value, erasing trillions in market capitalization. The period was …
Continue reading “Market Volatility, Rupee Stability, Dollar Strength Shape Economic Trends”
The Taliban government has been struggling for a while due to the economic crisis and the unavailability of foreign funding. Now, the Taliban have decided to adopt a new strategy to deal with the economic crisis. Afghan Commerce Minister, Haji Noorudin Azizi suggests that Afghanistan must focus on growing and using domestic products. Also, the …
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President’s secretariat revealed that Finance Minister Ishaq Dar met President Arif Alvi to brief about the economic situation President and Finance Minister met at Aiwan e Sadr where they discussed financial and economic matters. As President’s secretariat suggested, “During the meeting, various matters concerning finance and economy were also discussed.” In this meeting, Dar informed …
