The Ministry of Finance said on Thursday that wheat production may fall 11% to below 28 million metric tons this year due to dry weather conditions but inflation would remain stable around 3% in February. In its monthly economic outlook, the finance ministry stated that the upward trend in exports, imports and foreign remittances would continue in February too, indicating a current account defi
State Bank of Pakistan (SBP) Governor Jameel Ahmad has said that macroeconomic indicators of the country have improved notably and collaborations among microfinance institutions play a vital role in driving financial inclusion and empowering individuals and businesses across the country. He was speaking at an event where ABHI and TPL Corp announced the launch of ABHI Microfinance Bank through t
Following Prime Minister Shehbaz Sharif's visit to Uzbekistan, economic strategists and regional experts stress that further enhancing and strengthening trade ties with Uzbekistan will open new avenues for business opportunities. They advocate for an innovative, integrated, and digitalised model of economic integration, industrial cooperation, investment, and joint ventures. They said there is
Prime Minister Shehbaz Sharif has blocked a move to allow dual nationals to become governor, deputy governors, and members of the monetary policy committee of the central bank after a cabinet committee unanimously recommended making dual nationals eligible for these positions. The federal cabinet last week deferred the approval of the State Bank of Pakistan Amendment Bill 2024 for the second ti
Trading on the Pakistan Stock Exchange (PSX) remained sluggish on Thursday, with share prices moving sideways. Low trading volumes and a lack of positive triggers contributed to the benchmark index’s continued losses. Ahsan Mehanti of Arif Habib Corporation said the market closed lower as investors eye corporate and provincial tax reforms ahead of IMF approvals for the budgetary proposals for