The Economic Affairs Division said on Wednesday that Pakistan received $4.58 billion in loans between July 2024 and January 2025. According to the Economic Affairs Division, this comprises $2.32 billion from agreements, $329.1 million from bilateral agreements, and $500 million in foreign commercial loans.Additionally, investments of $1.12 billion were madeContinue Reading
Dhaka — The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) established the Pakistan-Bangladesh Joint Business Council here on Monday. The Memorandum of Understanding (MoU) for the formation of the Joint Business Council was signed by Atif IkramContinue Reading
(Reuters) — Overseas investors were net sellers of Asian shares in 2024, owing mostly to a surge in selling in the fourth quarter on worries that US President-elect Donald Trump’s trade policies may harm Asian economies. They sold a net $15.8 billion worth of stocks in Taiwan, South Korea, India,Continue Reading
KARACHI – People from all walks of life demonstrated against the government’s indifference on Friday in the nation’s largest cities after being stung by one inflated bill after another. People flocked to Karachi, Lahore, Peshawar, and other cities in large numbers to vent their outrage at the government for forcingContinue Reading
Anwaar-ul-Haq Kakar, the caretaker prime minister, is said to have finalized the names of Cabinet members.According to ProPakistani, Dr Shamshad Akhtar, former governor of the State Bank of Pakistan (SBP), is expected to be appointed Finance Minister in the caretaker administration.In 2018, Dr. Akhtar served as finance minister in anContinue Reading
KARACHI : The entire debt of the central government increased by 34.1% at the end of April, according to the State Bank of Pakistan (SBP), reaching Rs58.6 trillion on an annual basis. The trend is predictable given the government’s increasing reliance on borrowing in the face of a weakening currencyContinue Reading
ISLAMABAD: On Tuesday, the Federal Cabinet, presided over by Prime Minister Shehbaz Sharif, authorised the immediate implementation of the Energy Conservation Plan. At a press conference in Islamabad with other cabinet members, Minister for Defence Khawaja Asif highlighted key aspects of the energy conservation plan. He added that under theContinue Reading
Pakistan is anticipated to make debt repayments of more than $1 billion to two international commercial banks early next month, despite the government’s challenging effort to avert sovereign default and the fact that there aren’t very many gross foreign currency reserves remaining. According to sources in the ministry of finance,Continue Reading
According to the Federal Bureau of Statistics, the price of a 20 kg flour bag climbed by Rs. 720 in a week.Residents of Islamabad have been struck the hardest by the spike in wheat prices, and are now obliged to buy the most costly flour in the country. A 20Continue Reading
With the economy under great strain, as seen by depleted foreign reserves, a rising current account deficit, and the currency plunging to a historic low, Pakistan must act quickly to reactivate the International Monetary Fund programme in order to avert a Sri Lanka-style collapse. “In order to re-enter the program,Continue Reading
