Tag: Economic Recovery
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Pakistan stock market posts largest annual gain since 2003
The Pakistan Stock Exchange (PSX) has reported its most impressive annual return in over twenty years, driven by optimism over improved economic conditions, attractive valuations, and a shift to monetary easing by the central bank.
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Budget 2024-25: Pakistan Stock Exchange proposes tax reforms for economic growth
Pakistan Stock Exchange has forwarded a series of significant tax proposals to both the Ministry of Finance and Federal Board of Revenue.
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Pakistan anticipates final IMF tranche approval in late April
The International Monetary Fund (IMF) announced that its Executive Board meeting, anticipated for late April, is crucial for approving Pakistan’s final tranche of approximately $1.1 billion (SDR 828 million).
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Pakistan clears hurdles for IMF review, final agreement expected
The newly elected government of Pakistan has indicated its intention to secure a new loan from the International Monetary Fund (IMF).
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Survey: Imran Khan emerges as top choice for financial experts to revive Pakistan’s economy
In a recent Bloomberg survey conducted among Pakistani finance professionals, incarcerated former Prime Minister Imran Khan emerged as the leading choice to oversee the country’s economic recovery.
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PKR sustains positive momentum, gains 0.04% against US dollar in ninth consecutive session
In the inter-bank market, the Pakistani rupee continued its positive trend against the US dollar for the ninth consecutive session on Monday, appreciating by 0.04 per cent to settle at Rs280.24, reflecting a gain of Re0.12, according to the State Bank of Pakistan (SBP). During the preceding week, the Pakistani rupee sustained its upward movement,…
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Pakistan navigates economic turbulence in 2023: A year of challenges and resilience
2023 posed significant challenges for Pakistan’s economy, characterised by a sharp slowdown, escalating inflation, and a near-default situation.
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Pakistan’s current account records first surplus since June 2023
In a noteworthy turnaround, Pakistan’s current account, after four consecutive months of deficits, revealed a surplus of $9 million.
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Pakistan’s trade deficit shrinks by over 30% in November
In the initial five months of the fiscal year 2024, Pakistan’s trade performance has witnessed notable enhancements, marking a positive stride towards economic stability, as articulated by Dr Gohar Ejaz, the Federal Minister for Commerce and Industries, in a communication on X (formerly Twitter).
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Pakistan’s economy picks up pace: GDP growth hits 2.13%
In the first quarter of the fiscal year 2023-24, Pakistan’s economy exhibited signs of recovery with a Gross Domestic Product (GDP) growth rate of 2.13 per cent, marking a significant improvement from the 0.96 per cent recorded in the same period of the previous fiscal year, according to estimates released by the Pakistan Bureau of…