Pakistan has entered this year’s flood season with more substantial economic buffers than it had before the 2022-23 floods, but the country’s improved macroeconomic situation comes with new constraints, according to a `targeted analysis’ carried out by the Famine Early Warning Systems (FEWS) Network. The analysis expects that the 2025 floods will primarily drive short-term, localised, food ins
Senators on Wednesday called for the abolition of ‘conflict of interest’ clauses in the laws regulating the State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP), which allow their top brass to set their own salaries and benefits without government approval. At a meeting of the Senate Standing Committee on Finance and Revenue, chaired by Saleem Mandviwalla,
The government is committed to transforming small and medium enterprises (SMEs) into drivers of sustainable growth and key players in the ongoing industrial revolution, said Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan on Wednesday. He made these remarks during the first virtual conference of the D-8 Organisation for Economic Cooperation, which brought
US Secretary of State Marco Rubio said Wednesday he wanted constructive dialogue with China in a call with his counterpart, days after a major military parade brought together US adversaries in Beijing. In a telephone call with Foreign Minister Wang Yi, Rubio “emphasised the importance of open and constructive communication on a range of bilateral issues”, the State Department said. Rubio as
India is leaning towards not creating legislation to regulate cryptocurrencies in the country and instead will maintain partial oversight, fearing that bringing the digital assets into its mainstream financial system could raise systemic risks, a government document shows. The document, seen by Reuters, cites the Reserve Bank of India’s (RBI) view that, in practice, containing the risks of cryp