Pakistans
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Pakistan’s troubles justify slump in bond prices: JPMorgan | The Express Tribune
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[ad_1] LONDON: Investment bank JPMorgan has called the slump in Pakistan’s bonds to just a third of their face value justified, following the country’s devastating floods and recent warnings by officials that some debt payments may need to be suspended. “Pakistan’s debt and fiscal dynamics flag rising solvency concerns,” JPMorgan’s analysts wrote in a…
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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…
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Pakistan’s foreign exchange reserves continue to decline unabated
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[ad_1] A representational image of currency dealer counting $100 notes. — AFP KARACHI: In line with the dominant trend over the last several weeks, the country’s foreign exchange reserves held by the State Bank of Pakistan (SBP) once again declined by 3.83%. On October 7, the foreign currency reserves held by the SBP were recorded…
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Pakistan’s ratings downgraded to Caa1 after 7 years by Moody’s
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[ad_1] Moody’s headquarters in New York, US. — AFP/File SINGAPORE: The Government of Pakistan’s local and foreign currency issuer and senior unsecured debt ratings on Thursday were downgraded to Caa1 from B3 by Moody’s Investors Service (Moody’s) after seven years. The credit-rating agency has also downgraded the rating for the senior unsecured Medium Term Note…
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Pakistan’s medical equipment export grown by over 40%: Healthcare Devices Association of Pakistan
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[ad_1] Internationally, 56% of 500,000 medical equipment items available in the world market have Iranian versions. — AFP/File TEHRAN: Iran and Pakistan discussed ways to enhance cooperation on medical equipment during a webinar held on October 2, the Ministry of Foreign Affairs said in a statement on Monday. The webinar was attended by the head…
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How worried should we be about Pakistan’s economy? | The Express Tribune
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[ad_1] ISLAMABAD: Concerns are rising again over the health of Pakistan’s economy as foreign reserves run low, the local currency weakens and inflation stands at decades-high levels despite the resumption of an International Monetary Fund funding programme in August. The IMF programme was meant to stabilise an economy that has been in a tailspin for…
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France suspends Pakistan’s $107m loan repayment | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan and France signed an agreement for the suspension of repayment of loans amounting to $107 million under the G20 Debt Service Suspension Initiative (DSSI), according to a statement issued by the Economic Affairs Division on Monday. In the statement, the EAD said the amount, initially repayable between July and December 2021, would…
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Pakistan’s escape from FATF’s grey list | The Express Tribune
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[ad_1] PUBLISHED June 26, 2022 ISLAMABAD: In February of 2020, the president of the Financial Action Task Force (FATF) gave Pakistan a stark warning: either enact laws in line with the body’s Anti-Money Laundering (AML) and Combating Terrorism Financing (CFT) standards along with bringing the country’s regulatory framework in line with international standards or be…
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Pakistan’s exports to China up nearly 6% | The Express Tribune
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[ad_1] BEIJING: Pakistan’s exports to China crossed $1.605 billion in the first five months of 2022, up 5.42% year on year, showed the official data from the General Administration of Customs of the People’s Republic of China (GACC). Pakistan Embassy Commercial Counsellor in Beijing Badaruz Zaman said that despite Covid-19, bilateral trade has increased significantly.…
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Russia-Ukraine conflict multiplying Pakistan’s energy woes: Bloomberg
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[ad_1] A representative image. Thousands of miles away from the Ukraine conflict, Pakistan is facing the brunt of the war and the West’s push to punish Russia for its invasion, according to a Bloomberg report. The South Asian nation, currently undergoing an energy crisis amid a shortage of fuel and soaring oil prices in the…
