Geopolitical tensions, a downward revision in growth forecasts by the International Monetary Fund (IMF), and a weaker rupee due to declining foreign exchange reserves triggered selling pressure at the Pakistan Stock Exchange (PSX). As a result, the benchmark KSE 100 index ended the outgoing week in negative territory, breaking its bullish momentum. On Tuesday, IMF slashed its growth forecast fo
Amidst the International Monetary Fund’s concerns about the government’s incentivising policy to promote environment-friendly automobiles, manufacturers seemingly compete to produce hybrid electric vehicles (HEVs) and plug-in hybrids (PHEVs), diverging from the global trend towards pure electric vehicles. Auto stakeholders appear concerned over reservations shown by the IMF on tax relief propos
Global policymakers gathering in Washington this week breathed a collective sigh of relief that the US-centric economic order that prevailed for the past 80 years was not collapsing just yet despite Donald Trump’s inward-looking approach. The spring meetings of the International Monetary Fund and the World Bank were dominated by trade talks, which also brought some de-escalatory statements from
The Ministry of Commerce has raised concerns over decline in maize exports and directed the Department of Plant Protection (DPP) and others concerned to take immediate export facilitative interventions to help instant resumption of maize exports. In a letter, the ministry invites attention of the Ministry of National Food Security and Research (MNFSR) about the significant decline in Pakistan’s
State Bank of Pakistan (SBP) Governor Jameel Ahmad reaffirmed Pakistan’s improving macroeconomic stability and outlook during high-level meetings on the sidelines of IMF/World Bank Spring Meetings in Washington. According to a press release issued by the central bank, the SBP chief met senior executives from global financial and investment institutions, including JP Morgan, Standard Chartered,