Finance Minister Muhammad Aurangzeb briefed officials of a global rating agency on Monday about Pakistan’s economy and the successful agreement with the International Monetary Fund (IMF) to stabilise macroeconomic indicators. A virtual meeting via Zoom was held five days after the Business Monitor International (BMI), a subsidiary of Fitch credit ratings firm, released its detailed analysis of
The government has hired an American consultancy firm, Kearney, to help attract foreign investment in the country. It was informed to Prime Minister Shehbaz Sharif during a meeting he chaired at the PM House to review how to increase investment and capacity of federal government ministries. According to Kearney’s website, it is a leading global management consulting firm with over 5,700 peop
Prime Minister Shehbaz Sharif on Tuesday warned the Federal Board of Revenue (FBR) against any delays in refunding exporters, aiming to alleviate concerns about meeting the $60 billion export target. While speaking at the National Export Development Board (NEDB), the prime minister directed the commerce ministry and other departments to take “all necessary measures” to achieve the ambitious exp
Pakistan is like a canary in the coal mine in a world where almost 60 countries are drowning in debt while facing significant development spending needs and monumental risks from climate change, writes Murtaza Syed, a former acting governor of the State Bank of Pakistan, in The Financial Times. It is precisely in cases like this that debt relief — and truth-telling — are needed the most, he wro
Sugar export to Afghanistan has resumed after a four-year suspension, with over 400 vehicles crossing the Torkham border in the last four days. According to sources, Pakistan recently allowed the export of 150,000 tons of sugar to Afghanistan, setting the August 15 deadline for the completion of the shipment process. Customs clearing agents at Torkham told Dawn that around 100 vehicles, each