The Gallup Pakistan latest survey reveals a stark decline in business confidence among the country’s business owners, who now view Prime Minister Shehbaz Sharif’s government as an even worse economic manager than its predecessor. The continued political turmoil and the introduction of a tax-heavy budget have further exacerbated their pessimism about the future. The Gallup Business Confidence
Finance Minister Muhammad Aurangzeb arrived in Beijing on Thursday for talks on power sector debt relief alongside structural reforms suggested by the International Monetary Fund, two government sources said. He held a meeting with his Chinese counterpart, they said, and is leading a delegation, along with Power Minister Awais Leghari, that will discuss several proposals, including reprofiling
Ending its downward trend, the Pakistan Stock Exchange (PSX) rebounded significantly on Tuesday, driven by speculation about a potential rate cut by the State Bank of Pakistan (SBP) in its monetary policy announcement on July 29. In the morning, trading began on a positive note, with the KSE-100 index reaching its intra-day high of 79,585.34 points. Approval of new privatisation laws by the Nat
Asian stocks were subdued on Wednesday after lacklustre earnings from US tech behemoths Tesla and Alphabet dented sentiment, while the yen hit a six-week high ahead of a central bank meeting next week where a rate hike remains on the table. The US dollar was broadly firm, with traders watching out for an inflation reading on Friday and Federal Reserve meeting next week. The Bank of Japan is als
The Pakistan Business Council (PBC) has expressed surprise over the government’s ambitious plan to boost exports by 113% to $65 billion within three years. The PBC raised concerns that exporters were not consulted and questioned the measures taken to achieve this target. In a letter addressed to Federal Minister for Commerce Jam Kamal Khan, Ehsan Malik, Chief Executive of PBC—a business policy