KRARCHI: The Ramazan-driven price spiral could take up the food basket inflation to its peak in March which may not allow the State Bank of Pakistan (SBP) to take any significant cut in the interest rate, said market sources. The induction of Finance Minister Muhammad Aurangzeb, who was the CEO of Habib Bank Ltd and a regular participant in policy meetings on finance during the caretaker gover
In a pivotal testimony before the US International Trade Commission (ITC), Ambassador Masood Khan highlighted the vitality of Pakistan’s apparel sector and called for enhanced trade relations with the United States. The US remained Pakistan’s largest goods export market in 2022 at $6 billion, a 13.5 per cent increase from the previous year. One of Pakistan’s largest trading partners, the US als
KARACHI: The year 2024 did not prove to be different from the previous years as retailers continue to defy official price lists, keeping the rates beyond the affordable level of many cash-starved consumers who are already grappling with the inflated power and gas bills. Even a ban on onion and banana exports for one month till April 15 failed to transform into a price relief for the end users.
ISLAMABAD: The government declared its intention on Tuesday to negotiate a “longer and larger” economic bailout package with the International Monetary Fund (IMF), targeting to sustain the nascent macroeconomic stability. In his first formal media interaction after having a series of briefings, including on external account needs and fiscal situation, Finance Minister Aurangzeb Khan, a
KARACHI: Pakistan Stock Exchange (PSX) on Monday came under downward pressure from selling of selective stocks and the benchmark KSE-100 index registered a marginal decline of nearly 40 points. The weakening of global equities and growing apprehensions about economic uncertainty in Pakistan drove the stock market down, after wiping out all the earlier gains. In the morning, the bourse beg