The premier landed in Karachi early on Wednesday morning on a day-long visit. According to Sindh CM House spokesperson, PM Shehbaz Sharif, and CM Murad discussed issues relating to development works in the province. Shah complained about a shortage of funds worth Rs82 billion from the federal government. He also raised the issue of non-provision […]
Led by Foreign Minister Prince Faisal bin Farhan, the high-powered Saudi delegation arrived here Monday on a two-day visit essentially to expedite the follow-up on the understanding reached between Prime Minister Muhammad Shehbaz Sharif and Saudi Crown Prince Mohammad bin Salman during their recent meeting in Makkah Al Mukarramah to enhance bilateral economic cooperation. Recalling […]
According to the monthly Economic Update and Outlook, the March inflation is seen at a moderate level, despite the upward revision of petrol prices and the influence of Ramadan “which historically leads to bulk buying by consumers and stringing up the demand-supply gap”. It also cited the government’s Ramadan Relief Package with increased allocation from […]
President Joe Biden’s decision to announce a trip to Arizona underscores his strategy of highlighting legislative achievements in key battleground states ahead of November’s presidential rematch against Donald Trump. The southwestern state was one of the tightest races of 2020, with Biden winning by just 10,457 votes. Winning it in 2024 could prove crucial for […]
Saudi Arabia plans to set up a modern university in Pakistan to train skilled workers needed for its upcoming projects. The Ministry of Overseas Pakistanis and Human Resource Development is suggesting a special quota for Pakistani workers for NEOM and other projects in Saudi Arabia. This move strengthens the partnership between the two countries in […]
Addressing the media in Islamabad, the newly-appointed information minister maintained that Pakistan’s GSP+ status would lead to reduced inflation and increased employment in the country. Tarar maintained that certain politicians were trying to harm the country and its economy for the sake of their politics and added that no one would be allowed to disrupt […]
The minister also said that the era of cash deposits by friendly countries and the rollovers of the external debt was over, and the country had to come out of the mindset of doing patchwork to deep-rooted economic problems. In his first interaction with a group of journalists since taking oath as the minister, Aurangzeb […]
The South American country is going through its worst economic crisis in decades, with the new government of libertarian Javier Milei trying to slay triple-digit inflation with tough austerity, a move that is boosting the state’s finances, but is squeezing people hard. A report last month suggested poverty was nearing 60% from 40% a year […]
Addressing the signing ceremony, Caretaker Prime Minister Anwaar-ul-Haq Kakar said the agreement not only paves the way for the export of our pink rock salt but also symbolizes a landmark achievement for our nation’s investment climate. He said two hundred million dollar investment in this initiative is a resounding vote of confidence in our economic […]
The credit rating agency says that a “new deal” is key to the country’s credit profile, and we assume one will be achieved within a few months. Still, an extended negotiation or failure to secure it would increase external liquidity stress and raise the probability of default. Pakistan’s external position has improved in recent months, […]
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