Aggressive value-hunting amid expectations of a reduction in the SBP policy rate next month, pushed the benchmark KSE index again above 75,000 on Thursday. Ahsan Mehanti of Arif Habib Corporation said a slight cut in yields by up to 5bps on different tenors of Pakistan Investment Bonds in the last auction strengthened market hopes for a decrease in the key interest rate as inflation is expected
THE first round of ‘engagement’ between Pakistan and the IMF over the former’s request for a larger and longer programme appears to have concluded — with some bumps still visible. Both sides are believed to have reached an understanding on the reform measures that Islamabad must include in the budget for the next financial year and get approved by parliament before an agreement on a new bailout fa
Pakistan’s gross domestic product (GDP) and per capita income increased in dollar terms during 2023-24, indicating a revival in the country’s overall output compared to the previous year. However, the economy’s size remains lower than $375.449 billion recorded in FY22, indicating that GDP growth has slowed under the PMLN-led coalition government. On Wednesday, the National Accounts Committee (N
ISLAMABAD: The Central Development Working Party (CDWP) on Wednesday approved seven development projects worth Rs23 billion and recommended four projects to the Executive Committee of the National Economic Council (Ecnec) for consideration. Among these, three projects are worth Rs82.24bn, while the fourth project, Main Line (ML-1), costing $6.7bn, has been recommended to Ecnec for further consi
Unprecedented onion exports fetched $210 million during July-April FY24 at the cost of inflation-hit consumers who paid record prices for the vegetable. “Onion exports may soar to $250m by the end of the current fiscal year,” claimed All Pakistan Fruit and Vegetable Exporters Association Patron-in-Chief Waheed Ahmed, dispelling market impression that higher exports have caused a price flare-up