Pakistans
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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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‘Pakistan’s GDP can fall 18 to 20% due to climate change risks’ | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s annual Gross Domestic Product (GDP) is at risk of fall by 18 to 20 per cent by 2050 due to the combined risks from intensification of climate change and environmental degradation in the country, if the climate change issues are left unaddressed. “The combined risks from the intensification of climate change and…
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Pakistan’s annual GDP can fall 18-20% by 2050 due to climate change risks: WB
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[ad_1] A man walks on the dried, cracked landscape near Hanna Lake near Quetta, Pakistan. — AFP/File ISLAMABAD: Pakistan’s annual Gross Domestic Product (GDP) is at risk of a fall by 18-20% by 2050 due to combined risks from the intensification of climate change and environmental degradation in the country, if the climate change issues…
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Pakistan’s forex reserves boost after ADB loan
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[ad_1] The US Dollar on Wednesday continued its surge against the rupee on Wednesday. — AFP/File KARACHI: Pakistan’s forex reserves shot up by nearly $1,500 million after the cash-strapped nation received funds from the Asian Development Bank (ADB), a statement from the central bank said Thursday. In a handout, the State Bank of Pakistan (SBP)…
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Pakistan’s low-cost airline Fly Jinnah inaugurated
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[ad_1] A new private airline, Fly Jinnah — which is the cheapest means of air transport in the country — was inaugurated as it launched its flight operations in the country from Karachi. Fly Jinnah has been established under a joint venture with the international airline Air Arabia, which successfully conducted its first flight from…
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Electricity prices drive Pakistan’s weekly inflation over 4%
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[ad_1] A vendor gestures to a customer at a local market in Lahore on August 29, 2022, amid a big hike in prices of food items in the wake of massive floods in Pakistan. — AFP/File KARACHI: Sensitive price index-based weekly inflation rose over 4% during the outgoing week, which was attributed to a significant…
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Pakistan’s to-do list before PM’s visit to China | The Express Tribune
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[ad_1] ISLAMABAD: The Prime Minister of Pakistan, Shehbaz Sharif, is planning to visit China, his first state visit to the country since assuming office. The visit holds great significance due to three reasons. First, the visit is taking place just after the conclusion of the all-important 20th National Congress of the Communist Party of China.…
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Fitch downgrades Pakistan’s rating to ‘CCC+’ | The Express Tribune
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[ad_1] Fitch Ratings on Friday downgraded Pakistan’s long-term foreign currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘B-‘, citing deterioration in the country’s external liquidity and funding conditions. The rating agency stated that one of the key factors behind the decision is the decline of foreign exchange reserves due to devastating floods in the country.…
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Pakistan’s foreign exchange reserves remain steady
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[ad_1] A staff counts US dollar currency notes at a money changer booth at Raffles Place financial business district in Singapore on October 6, 2022. — AFP/File KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) recorded no major change during the week ending October 14. According to the data released…
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FATF to decide Pakistan’s grey list fate today
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[ad_1] FATF to decide Pakistan’s grey list fate today Pakistan has high hopes of getting its name struck off from the grey list of the Financial Action Task Force (FATF) as the Paris-based global watchdog holds the two-day plenary session starting today. State Minister for Foreign Affairs Hina Rabbani Khar has already flown to Paris…
