World Bank Country Director for Pakistan, South Asia Region Najy Benhassine called on Coordinator to the Prime Minister on Climate Change, Romina Khurshid Alam, to discuss various matters of bilateral interest and cooperation aimed at building Pakistan's climate resilience through various measures. The high-level meeting focused on the country's increasing climate vulnerability and the urgent n
The International Monetary Fund (IMF) has again asked Pakistan to submit a plan for orderly transition from the agricultural support price mechanism to market-determined rates of commodities aimed at preventing farmers from losses and supply chain disruption. In the absence of any such plan, there is a policy paralysis and no decision has been taken on the quantum of maintaining the strategic r
The government has decided to establish dedicated Display Centres to showcase Pakistani products in an effort to increase bilateral trade with Kazakhstan by 100% over the next three years. In a high-level meeting chaired by Federal Minister for Board of Investment, Privatisation & Communications Abdul Aleem Khan, it was agreed to set up these Display Centers to promote trade between Pakistan an
Following a substantial policy rate cut, Pakistan recorded its highest current account surplus in over a decade, reaching $729 million in November 2024. This positive development was primarily driven by a surge in remittances from overseas Pakistanis, while a significant reduction in the trade deficit further contributed to the surplus. "November 2024 current account surplus stood at $729 milli
The stock market snapped its record-setting spree as investors indulged in aggressive profit-taking in the post-rate cut session on Tuesday despite hitting an all-time high above 117,000 intraday. Ahsan Mehanti of Arif Habib Corporation said the equities turned bearish amid cautious SBP policy easing on multiple risks, static core inflation near 9.7pc and 0.64pc contraction in Large-Scale