The Pakistani currency hit a two-week high at Rs278.40 against the US dollar in the inter-bank market, maintaining an uptrend for the second consecutive working day on Wednesday, due to a likely improvement in the supply of foreign currency compared to demand. According to data from the State Bank of Pakistan (SBP), the domestic currency improved by Rs0.10 on a day-to-day basis, up from Tuesday
Pakistan should take solid steps to bolster reforms related to the market-oriented allocation of data elements and speed up the construction of digital infrastructure, including industrial internet and computing power networks, stated Moazzam Ghurki, President of the Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI). These steps should be part of the broader push towards the “Digit
Minister for Planning Development and Special Initiatives, Professor Ahsan Iqbal, stated on Wednesday that the government has presented a balanced budget aimed at steering the economy towards development and social prosperity. Addressing the concluding session of the All Pakistan Chambers Presidents Conference, organised by the Islamabad Chamber of Commerce and Industry, the minister stressed t
Prime Minister Shehbaz Sharif confirmed on Tuesday that the federal budget for next year was prepared in collaboration with the International Monetary Fund (IMF). His remarks came as Finance Minister Muhammad Aurangzeb announced significant amendments to the proposed finance bill for 2024-25. “We had to prepare the budget jointly with the IMF” because of the prevailing circumstances and gro
Building on recent engagements between Pakistan and China, Prime Minister Shehbaz Sharif on Wednesday gave the greenlight to relocate Chinese industries to Pakistan as part of joint ventures between the two countries’ companies. Chairing a meeting to discuss matters of the Board of Investment (BoI), the prime minister said that promoting both local and foreign investment in Pakistan was among t