Following an IMF announcement that Pakistan’s case would be taken up by its board later this month, Prime Minister Shehbaz Sharif on Thursday expressed gratitude to some friendly countries, which had monetarily supported Pakistan in its negotiations with the lender. “Our friendly and brotherly countries have come all the way to support us again,” he said while chairing a meeting of the federal
The Pakistan Stock Exchange (PSX) experienced a sharp decline on Wednesday, with the KSE-100 index plummeting by 634.94 points amid growing political uncertainty and cautious investor activity ahead of the State Bank of Pakistan's (SBP) upcoming policy announcement. The trading day started on a positive note, with the KSE-100 index hitting an intraday high of 79,507.17 points. However, market o
Turkmenistan is set to become the first Central Asian country to access the Gwadar Port under China Pakistan Economic Corridor (CPEC) as both countries are about to ink an agreement in this regard. Pakistan and Turkmenistan are already venturing various joint projects, including TAPI pipeline, railway track and fibre connectivity to connect two regions - South and Central Asia. Sources told
The government on Wednesday withdrew a proposal to establish a new Export Processing Zone (EPZ) in Balochistan, complying with a condition set by the International Monetary Fund (IMF), highlighting the global lender's growing influence over the country's economic decision-making. The Ministry of Industry and Production had initially pushed for the creation of the EPZ to promote copper exports f
The federal government on Wednesday withdrew its decision to give a quarter of a billion rupees to a private foundation for an infrastructure project, which it had earlier allocated in a non-transparent manner while using the inflation-bitten taxpayers' money. The government had allocated funds for The Noorani Foundation (TNF) without setting any criteria and despite the fact that social sector