economic
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PSX slumps over 3.4% due to economic, political uncertainty | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) slumped over 3.4%, approximately 1,348 points, and hit a two-year low at around 38,900 points on Tuesday. The market maintained a steep downward trend for the second consecutive day due to the rise in political temperatures and the melting down of the country’s economy. “The market has dropped in…
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EU to provide Pakistan €87m for ‘green’ economic growth
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[ad_1] EAD Secretary Dr Kazim Niaz (left) and EU ambassador Dr Riina Kionka (right) shack hands after signing the agreement for three new development programmes on January 9, 2023. — APP The European Union on Monday signed agreements for three new development programmes with funding of €87 million to support green and inclusive economic growth…
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PTI forms groups for economic, governance reforms in Pakistan: Fawad
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[ad_1] PTI Senior Vice President Fawad Chaudhry. — AFP/File Pakistan Tehreek-e-Insaf (PTI) has formed working groups to make fundamental reforms to fix the country’s economic and governance issues, the party’s Senior Vice President Fawad Chaudhry said on Monday. Taking to Twitter, Fawad said that the groups formed by the party include experts from Pakistan and…
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Gold hits all-time high in Pakistan as economic woes spur buying frenzy
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[ad_1] — AFP Gold prices in Pakistan surged to a record high as people took refuge in the safe-haven metal on mounting concerns that the nation’s economic condition conditions will deteriorate further. For the first time in the history of Pakistan, per tola price surpassed the Rs172,000 mark. The prices surged by Rs800 per tola…
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Rupee decline persists as economic woes take toll on investors’ sentiment
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[ad_1] A currency dealer is counting Rs5,000 notes. — AFP/File Pakistani rupee continued to register losses for the third successive session as shrinking foreign exchange reserves amid rising imports and a delay in the funding from the International Monetary Fund (IMF) took a toll on investors’ sentiment. Data released by the State Bank of Pakistan…
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Govt categorically denies rumours on imposing economic emergency
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[ad_1] — AFP/File The Finance Division Tuesday categorically denied assertions on supposed economic emergency proposals being circulating on social media, terming them “false”. In a statement issued today, the Finance Division not only strongly rebutted the assertions made in the said message but also categorically denied it. It stated that there is no planning to…
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Gold edges down as investors keep an eye on political, economic developments
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[ad_1] An image of gold necklace showcased in a jewellery shop. — AFP/File KARACHI: Gold prices inched lower on Friday amid a lack of clear direction as investors continued to assess the developments on the economic and political front. Analysts believe gold could remain volatile until there’s clear direction as the price for local markets…
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Dar updates President Alvi on Pakistan’s economic, financial outlook
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[ad_1] Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar (right) in a meeting with President Arif Alvi at Aiwan-e-Sadr in Islamabad, on November 18, 2022. — APP ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar called on President Dr Arif Alvi on Friday and discussed the overall economic and financial outlook of the country.…
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Reforms inevitable for economic recovery after floods, WB tells Pakistan
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[ad_1] World Bank Vice President for South Asia Martin Raiser. — Twitter/File World Bank Vice President for South Asia Martin Raiser said Sunday that Pakistan would have to introduce financial reforms to cope with the economic crisis being faced by the country after the cataclysmic floods caused by climate change. In an interview with Geo…
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Miftah not too optimistic about Pakistan’s economic outlook
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[ad_1] Former federal finance and revenue minister Miftah Ismail (left) in conversation with Dr Aqdas Afzal, an assistant professor of Social Development and Policy at Habib University in Karachi. — Courtesy Habib University Former federal finance minister Miftah Ismail is not too optimistic about Pakistan’s economic outlook in 2047. He expressed this view during a…
