Pakistan is seeking additional financial and technical support from the World Bank, including developing an effective and transparent budget-making process and a uniform provincial mechanism for agricultural tax and climate resilience. The bank has already committed to a financial pipeline of about $10 billion over the next five years, with an average of $2bn per annum, under the next Country P
Pakistan and Belarus on Tuesday signed a three-year, wide-ranging ‘Roadmap for Comprehensive Cooperation’ agreement, aimed at strengthening economic ties between the two countries. The Roadmap for Comprehensive Cooperation between Pakistan and Belarus for 2025-27, described by the Pakistani government as a “key outcome” of the visit, was among 15 Memorandums of Understanding (MoUs) and agreem
The State Bank has removed the Minimum Deposit Rate (MDR) requirement for all conventional banks on deposits from financial institutions, public sector enterprises and public limited companies. The State Bank issued two circulars on Tuesday for conventional banks and Islamic banking institutions (IBIs). The circulars carried several instructions specific to the IBIs. The MDR is a regulatory
The Pakistan Stock Exchange (PSX) defied political uncertainties in the country today, with the benchmark KSE-100 index surging past the 99,300 mark during intraday trading. Despite ongoing concerns over political instability, market sentiment remained resilient, driven by strong investor confidence and positive corporate earnings reports. The KSE-100 index gained 1,519.24 points, or 1.55%,
After a week of rallying, gold prices saw a significant drop on Monday, reflecting global trends. In Pakistan, the precious metal fell by Rs4,300, settling at Rs278,400 per tola (11.66 grams). The All Pakistan Sarafa Gems and Jewellers Association attributed the decline to international developments, adding that gold had reached an all-time high of Rs287,900 per tola just last month. On the int