Pakistans
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Challenging crosswinds: Pakistan’s trade pattern | The Express Tribune
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KARACHI: The latest indicators of external trade, released by the Pakistan Bureau of Statistics (PBS), show a continuing decline in trade deficit in the first 11 months of FY24, driven by rising exports and decreasing imports. The trade deficit, reported…
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Pakistan’s fiscal policy at a crossroads | The Express Tribune
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ISLAMABAD: Fiscal policy in Pakistan is usually far from a fine balancing act and is more of a reckless feat. It has long been marked by a contentious debate between austerity and stimulus measures – with the government oscillating between…
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Saudi crown prince gives nod to accord with Pakistan’s spy agencies against terrorism
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Saudi Crown Prince and Prime Minister Mohammed bin Salman (centre) chairs a cabinet meeting on May 21, 2024. — Saudi Press Agency Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS) on Tuesday approved a cooperation agreement between the Presidency of…
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Pakistan’s IT exports jump 62% to $310 million in April
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A representational image of a man using a mobile phone. —Pixabay/File Pakistan’s IT export remittances jumped to a record $310 million in April 2024 from $191 million in the same month last year, sercuring a 62.3% year-on-year (YoY) surge, official…
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UN projects Pakistan’s economy to grow by 2% in 2024 | The Express Tribune
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ISLAMABAD: Pakistan, which faces significant economic challenges, is expected to have “modest economic growth,” with its Gross Domestic Product (GDP) projected to expand by 2 per cent in 2024, according to a United Nations report. Noting that Pakistan had entered…
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Pakistan’s debt soars to record Rs81tr | The Express Tribune
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ISLAMABAD: Pakistan’s total debt and liabilities increased at a double-digit pace to a new record of nearly Rs81 trillion during the past year, as the country grapples with finding new sources of financing to meet its growing debt servicing needs…
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Pakistan’s CPI inflation hits 17.3% in April — lowest since May 2022
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Women check rice prices at a main wholesale market in Karachi. — AFP/File Pakistan’s Consumer Price Index (CPI) based inflation rate came in at 23-month low of 17.3% year-on-year in April, latest numbers released by Pakistan Bureau of Statistics (PBS)…
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IMF board likely to take up Pakistan’s case for release of last tranche
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This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP ISLAMABAD: The International Monetary Fund (IMF) Executive Board meeting is expected to discuss Pakistan’s request to release the…
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IMF executive board to approve Pakistan’s $1.1 billion tranche next week
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IMF headquarters in Washington, US. — AFP/File The International Monetary Fund’s (IMF) executive board will hold its meeting on April 29 to review the approval of $1.1 billion funding for Pakistan under the $3 billion Stand-By Arrangement (SBA), Reuters news…
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FinMin Aurangzeb discusses Pakistan’s reform agenda with US State Dept’s Donald Lu
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Assistant Secretary Donald Lu (left) and Principal Deputy Assistant Secretary Elizabeth Horst of US State Department meet Finance Minister Mohammad Aurangzeb at the World Bank headquarter in Washington on April 18, 2024. — X/@Financegovpk WASHINGTON: A high-level meeting between Finance…
