ahead of its scheduled maturity in 2029, Adviser to the Prime Minister on Finance Khurram Schehzad

Finance Minister Khurram Schehzad told Reuters in a text message on Saturday. The government is working

.... “ Looks sustained in the short term, ” said Khurram Schehzad, chief executive of Alpha Beta Core

The US dollar continued to rise against the rupee on Wednesday — a trend experts largely attribute to the country's growing current account deficit — reaching a record high of Rs173.50 after appreciating by 55 paisas in interbank trade.... According to the Forex Association of Pakistan( AFP), the buying rate of the greenback was recorded at Rs173.40 and the selling rate at Rs173.50 in the interbank market by the session's end.... The dollar's buying rate in the open market was recorded at Rs17

Join our Whatsapp channel The Asian Development Bank( ADB) approved$ 800 million programme to strengthen fiscal sustainability and improve public financial management in Pakistan, according to a statement issued by the Philippines-based lender. The statement read that subprogramme 2 of the “ Improved Resource Mobilisation and Utilisation Reform Programme ” includes a policy-based loan of$ 300m, and ADB’s “ first ever policy-based guarantee ” of up to$ 500m, which is expected to mobilise financin

Today's bull run comes a day after the market plunged on Wednesday, losing 661 points, as economic and political uncertainties weighed down investor sentiment.... Hopefully, the notification will be issued for the DG ISI matter which will reduce the atmosphere of[ political] confrontation and the market will begin to go up again." Raza Jafri, head of equities at Intermarket Securities, also attributed the change in the market's direction to the cement sector.... " Share prices are quite low in

He said that he would try to bring a total of$ 75-100bn investment from Saudi Arabia, the UAE, Qatar and Kuwait....

However, most of the money went for budgetary support, which was considered non-productive for the economy.In FY24, the amount of budgetary support reached Rs7. 4tr while it was Rs3. 74tr in FY23.... The economic growth in FY24 remained 2. 52pc while the economy contracted by 0. 6pc in FY23.If the money goes to the government, it is considered unproductive since it has failed to bring down its current expenditures.... The SBP’s Monetary Policy Committee is scheduled to meet on Dec 16. However,

Join our Whatsapp channel It’s ironic that a democratic government prioritises the perks and privileges of the administrative machinery and the elite political class while neglecting to spend the limited funds allocated for development.... Defending the slow pace of development spending in Pakistan, the government asserts its commitment to delivering better outcomes for citizens by streamlining processes, enhancing project management capacities, and ensuring more efficient utilisation of develo

Join our Whatsapp channel Global ratings agency Fitch on Tuesday upgraded Pakistan’s foreign currency credit rating to ‘B-’ from ‘CCC+ ’, citing increased confidence in the country’s progress on narrowing its budget deficits. The upgrade also reflects confidence that the country would implement structural reforms, supporting its International Monetary Fund( IMF) programme performance and funding availability, Fitch said. The agency said though ongoing global trade tensions could create external