The World Bank, in a recent assessment, has drawn attention to the detrimental effects of poor government policies on the agriculture sector, subsequently impacting food security in Pakistan. The evaluation sheds light on the critical link between governance decisions, agricultural practices, and the overall security of the nation’s food supply. According to the World Bank’s…
The incoming government is on track to initiate negotiations for a new financial arrangement, eyeing a substantial $10 billion loan program with the International Monetary Fund (IMF). This prospective agreement comes into focus as part of the government’s strategy to address pressing economic challenges and ensure stability in the country’s financial landscape. The discussions surrounding…
Moody’s, the globally renowned credit rating agency, has labeled the political uncertainty prevailing in Pakistan after the recent elections as “credit negative.” This assessment underscores concerns about the potential economic repercussions stemming from the unpredictable political landscape, indicating challenges that might impact Pakistan’s creditworthiness on the international stage. Following the elections, Pakistan is grappling with…
The government is set to disclose an unwelcome update regarding petroleum prices tomorrow. This announcement comes against the backdrop of evolving global dynamics that have a direct impact on fuel costs, presenting a challenging scenario for the government in managing the pricing structure domestically. Sources suggest that the impending adjustment in petroleum prices is influenced…
The Securities and Exchange Commission of Pakistan (SECP) has introduced a set of fit and proper criteria for key executives of corporate restructuring companies. This significant move is aimed at enhancing the regulatory framework governing such entities, ensuring that individuals in key roles meet specific standards of competence, integrity, and professionalism. The fit and proper…
The prevailing political instability in Pakistan has cast a shadow over the economic outlook, raising apprehensions among businesses about the potential for increased challenges in the coming months. The uncertain political climate is viewed as a significant factor that could impact various aspects of the economy, creating a sense of caution and concern within the…
Pakistan’s Dellsons Group has signed an agreement with the Nepal Internet Foundation to build the freelancing ecosystem in Nepal, including a nationwide association, capacity-building programs, and conferences for freelancers. Chairman of Dellsons Group Ibrahim Amin said, “We have gained tremendous expertise to facilitate freelancers in Pakistan along with collaboration with various stakeholders, including commercial banks,…
The World Bank (WB) approves both the extension and restructuring of the “Pakistan Raises Revenue” project. This decision by the World Bank is a significant development aimed at supporting and enhancing Pakistan’s efforts in revenue mobilization and fiscal management. The approval for the extension and restructuring comes as part of the World Bank’s continued commitment…
The Pakistan Stock Exchange (PSX) witnesses a severe downturn as political and economic uncertainty in the aftermath of recent elections triggered a substantial crash in the benchmark KSE-100 index. Stock crumbles by over 1200 points, reflecting the heightened concerns and reactions of investors to the prevailing conditions. Key Highlights of the Market Downturn: Election-Induced Uncertainty:…
The remittance inflow into Pakistan has witnessed a notable surge, marking a substantial 26% increase, as it reached an impressive $2.4 billion during the first month of 2024. This surge in remittances highlights the resilience and strength of the remittance sector, playing a pivotal role in the country’s economic landscape. Key Insights into the Surge…
