Despite some improvement in macroeconomic indicators, the economy continues to grapple with structural bottlenecks, while political uncertainties and inconsistent policies exacerbate the situation, said the State Bank of Pakistan (SBP) on Tuesday. In its six-monthly report on ‘The State of Pakistan’s Economy, the central bank said the major issues include limited savings, low investments in phy
Pakistan will privatise all state-owned enterprises, with the exception of strategic entities, Prime Minister Shehbaz Sharif announced on Tuesday, broadening its initial plans to take only loss-making state firms private. The announcement came after PM Shehbaz headed a meeting on the privatisation process of loss-making state enterprises, according to a statement from his office. According t
Pakistan Stock Exchange (PSX) on Monday surged to unprecedented highs with the addition of over 700 points and at one stage crossed the 74,000 psychological barrier over optimism surrounding the outcome of loan talks between Pakistan and the International Monetary Fund (IMF). In the morning, the KSE-100 index endured a lacklustre start when the KSE-100 index touched the intra-day low at 73,109.
Federal Commerce Minister Jam Kamal Khan reiterated the government’s commitment to facilitating trade, industry, and export diversification on Monday. He stated that measures were being devised to promote both local and export-oriented industries. Addressing a media briefing at the Trade Development Authority of Pakistan (TDAP), the commerce minister highlighted the government’s determination t
Foreign portfolio investors are gradually returning to Pakistan’s debt and equity markets after a prolonged absence, marking a significant shift in market sentiment. The short-term external investment has surged by a remarkable 84%, catapulting to a 30-month high, now standing at Rs501.30 billion. According to the weekly update from the State Bank of Pakistan (SBP), the overall investment hit rock