The Pakistan Stock Exchange (PSX) rebounded sharply on Tuesday as improved investor sentiment — buoyed by a high-level meeting between business leaders and the army chief — lifted the benchmark KSE-100 index to a new all-time closing high near the 140,000 mark. Ahsan Mehanti of Arif Habib Corporation said the index rallied after Field Marshal Asim Munir assured business leaders of the military’
Pakistan secured a record $26.7 billion in foreign loans during the last fiscal year, nearly half of it in the form of rollovers of previously obtained loans, indicating the country's deepening dependence on multilateral and bilateral creditors. The $26.7 billion disbursed during the fiscal year 2024-25 was slightly higher than the preceding fiscal year, according to data compiled by the Minist
China is reluctant to extend financing to Pakistan for energy projects due to concerns over the country's economic record, security situation and repayment issues. Sources told The Express Tribune that Pakistani energy companies were seeking financing from China for various energy ventures. However, Sinosure – a state-owned Chinese company that provides insurance cover for loans and debt financ
China has broken ground on what it says will be the world's largest hydropower project, a $170 billion feat capable of generating enough electricity each year to power Britain. The scheme dwarfs the mighty Three Gorges Dam, currently the world's largest, and Chinese construction and engineering stocks surged after Premier Li Qiang unveiled it on the weekend. For Beijing, the project promises
Global current account balances widened sharply in 2024, reversing a narrowing under way since the global financial crisis of 2008-2009, the International Monetary Fund (IMF) said on Tuesday, warning that tariffs were not the answer. In its annual External Sector Report, which assesses imbalances in the 30 largest economies, the IMF noted that external surpluses or deficits were not necessarily