Pakistans
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Nawaz Sharif’s tenure ‘best’ for Pakistan’s economy: analysis
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[ad_1] Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif. — X/@pmln_org A recent analysis has revealed that Pakistan’s economy had the best performance in the past three decades under Nawaz Sharif’s premiership as compared to his opponents. According to Bloomberg Economics, Sharif’s PML-N scored better than Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) and Bilawal Bhutto Zardari’s Pakistan Peoples Party…
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Pakistan’s economy to grow by 2-2.5% this FY: Shamshad | The Express Tribune
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[ad_1] KARACHI: Caretaker Finance Minister Dr Shamshad Akhtar projected on Saturday that the country’s economic growth will rebound by 2-2.5% in the current fiscal year. Virtually addressing the ‘IPO Summit 2024’, organized by Pakistan Stock Exchange (PSX), Dr Akhtar estimated the agriculture sector to grow by 5.6% and industrial sector by 2.5% in the year. She stood…
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Pakistan’s inflation likely to ease in range of 20-22% in FY24
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[ad_1] People show their NICs to receive free bags of flour from a delivery truck at a distribution point in Lahore on March 20, 2023. — AFP Pakistan’s inflation will ease around 20-22% in the financial year 2023-24, weeks ahead of the general elections, State Bank of Pakistan (SBP) Governor Jameel Ahmed said Friday. Ahmed’s…
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Fitch maintains Pakistan’s rating at ‘CCC’, sees political volatility
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[ad_1] The headquarters of Fitch Ratings Ltd. stands in the Canary Wharf business and shopping district in London, UK. — AFP Fitch Ratings Wednesday affirmed Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CCC’, but also warned of political volatility after the February 8, 2024, general elections take place. In a statement, the rating company…
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Fitch affirms Pakistan’s rating at ‘CCC’ with stable outlook | The Express Tribune
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[ad_1] In its recent assessment, US-based credit rating agency Fitch Ratings has chosen to affirm Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CCC’. Despite some improvements and a successful review of its Stand-by Arrangement (SBA) with the International Monetary Fund (IMF), Pakistan continues to grapple with high external funding risks and faces challenges in…
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Top IMF official sees improvement in Pakistan’s economic situation
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[ad_1] Pakistan’s Ambassador Masood Khan (centre) addressing an event along with officials of IFIs at Pakistan House in Washington on December 7, 2023. — X/@Masood__Khan A top International Monetary Fund (IMF) official has praised Pakistani authorities for delivering on the economic front while observing improvement in the economic conditions of the country. Bahador Bijani, an…
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Pakistan’s power providers ‘overcharging’ millions
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[ad_1] Workers seen on an electric pole in Islamabad, on October 26, 2023. — APP ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has found that millions of consumers were overcharged during the months of July and August, prompting the body to initiate legal action against K-Electric (KE) and other power-providing companies, Geo News reported…
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Pathways to Pakistan’s prosperity | The Express Tribune
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[ad_1] ISLAMABAD: Finding the pathway to Pakistan’s prosperity demands a multi-directional approach and given our policy complexities and constraints, economists alone cannot undertake this job. Similarly, setting up advisory councils with business tycoons who are beneficiaries of a rent-seeking system is an exercise in futility. Likewise, politicians who come from grassroots may represent public sentiments,…
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Pakistan’s trade deficit narrows by 33.5%, imports down by 17.3%
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[ad_1] A representational image of shipping containers at a dockyard. — AFP/File Recent data released by the Pakistan Bureau of Statistics (PBS) has shown that the country’s trade deficit has witnessed a whopping 33.59% with a notable 17.3% decrease in imports as the country struggles to improve the economic indicators amid depreciating local currency and…
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IMF gets UAE assurance on Pakistan’s external financing gap
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[ad_1] In a major development, the United Arab Emirates (UAE) on Tuesday gave assurance to the International Monetary Fund (IMF) on cash-strapped Pakistan’s external financing gap. According to Geo News, the development came during a meeting between the IMF mission chief and the UAE ambassador in Pakistan on Tuesday, on the sideline of the ongoing…
