Pakistan’s foreign assistance inflows fell by more than 55 per cent to about $2.7 billion in the first four months (July-October) of the current fiscal year, apparently because of delays in securing a bailout from the International Monetary Fund (IMF) and subsequent $1bn disbursements. Last year, inflows had amounted to $6.05bn in these four months. In its monthly report on Foreign Economic Ass
About 90 per cent of bankers believe that cybercrime is the biggest challenge confronting banking in the country, according to a survey conducted by PricewaterhouseCoopers-PwC Pakistan. Seventy per cent list fraud as their major concern and 60 per cent believe terrorism financing is the biggest threat, the survey showed, “Banks in Pakistan operate within an evolving financial crime compliance e
Pakistan and Belarus on Monday signed eight memorandums of understanding (MoUs) and agreements in various sectors to realise the true potential of bilateral trade. The MoUs and agreements were signed during the Pakistan-Belarus Business Forum, co-chaired by Commerce Minister Jam Kamal and Belarus’ Minister of Energy Aleksei Kushnarenko. The MoUs were signed before Belarus’s president’s arrival
The Pakistan Stock Exchange (PSX) continued its bullish momentum from the preceding week, disregarding the worsening security situation and escalating political tensions, and posted impressive gains to close the week at a new all-time high. The equity investors also ignored the concerns raised by the International Monetary Fund on external financing gaps and revenue shortfalls. However, the mar
Water has undeniably emerged as the primary limiting factor for both intensification (increasing cropping intensity) and extensification (expanding cultivated land) of Pakistan’s agriculture. This pressing reality has been highlighted yet again by the recent controversy between the federal government and Sindh over the proposed Cholistan Canal project aimed at reclaiming the barren land of the Cho