Tag: Pakistan Economy
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Bilal Azhar Kayani Leads High-Impact Dialogue on Pakistan’s Economic and Investment Challenges
Overview: A Key Dialogue on Pakistan’s Economic Path In a continued effort to bridge government policy with real-world business needs, Bilal Azhar Kayani, Minister of State for Finance, convened an interactive session with top representatives of Pakistan’s business community. The gathering, part of a broader series under the Special Investment initiative, aimed to surface actionable…
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Pakistan Shifts Focus to Growth Under Prime Minister Shehbaz Sharif’s Government
Pakistan Sets Growth as the Core of Its Economic Strategy In a decisive pivot for the country’s economic policy, Deputy Prime Minister Ishaq Dar announced that the government of Prime Minister Shehbaz Sharif will prioritize growth over pure fiscal consolidation. Speaking on Wednesday, Dar characterized many IMF programs as anti-growth and underscored a strategic shift…
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Pakistan Shifts Economic Focus to Growth Amid IMF Constraints
Overview: A New Growth-Centric Economic Strategy Pakistan’s deputy prime minister signaled a strategic shift from traditional IMF-driven stabilization to a growth-oriented economic plan. With the IMF programs often described as anti-growth due to their fiscal consolidation and structural adjustment requirements, the government under Prime Minister Shehbaz Sharif is emphasizing measures that could stimulate investment, create…
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PKR Extends 67th Day of Gains Against USD as Rupee Climbs vs Major Currencies
Overview: PKR Extends Winning Streak Against USD The Pakistani rupee (PKR) continued its surprising strength against the United States dollar (USD), marking the 67th consecutive day of gains in late trading on Friday. Investors cheered a combination of improving domestic macro signals, cautious optimism about IMF program progress, and a generally softer greenback, helping the…
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PKR Rebounds for 67th Consecutive Day Against USD as Rupee Extends Win Streak
Pakistan’s Rupee Extends its 67th Day of Gains Against the US Dollar The Pakistani rupee (PKR) closed higher against the US dollar for the 67th consecutive trading day on Friday, signaling persistent buying pressure and improving sentiment in the local currency market. The session saw the PKR finish at around 280.17 per USD, marking another…
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Rupee Climbs for 67th Straight Day Against US Dollar, Markets Eye Momentum
Pakistan’s Rupee Extends Winning Streak to 67th Consecutive Day Against USD The Pakistani rupee (PKR) continued its remarkable run, finishing in positive territory against the US dollar for the 67th consecutive trading day. On Friday, the PKR closed at 280.17 per USD after flanking gains of about three paises, underscoring sustained demand-supply dynamics that have…
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NFC Award Politics Heats Up as Provinces Push for Fair Share
Background: Why the NFC Award Matters The National Finance Commission (NFC) award is the cornerstone of fiscal federalism in Pakistan. It determines how revenues from the central tax pool are distributed among the federation and its provinces. When negotiations stall or the terms appear skewed, tensions quickly rise among provincial capitals and the federal government.…
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PSX Opens Week on a Positive Note as KSE-100 Surges Over 1,500 Points
Market Gains Kick Off the Week Amid Optimism The Pakistan Stock Exchange (PSX) began the week on a firmly upbeat note, with investors showing renewed confidence as the benchmark KSE-100 index surged more than 1,500 points in early trading. The sharp rise signals an appetite for equities following a period of volatility, driven by improving…
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Petrol and Diesel Prices Rise Ahead of Fortnightly Review: What It Means for Consumers
Overview: A Fresh Increase in Fuel Prices In a move approved by the government after recommendations from the Oil and Gas Regulatory Authority (OGRA) and consultations with relevant ministries, petrol and diesel prices have been increased ahead of the upcoming fortnightly review. The adjustment sees petrol rising by Rs 2.43 per litre and diesel by…
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PSX Rises on Geopolitical Optimism and Earnings Speculation
Market turns higher amid geopolitical optimism The Pakistan Stock Exchange (PSX) extended gains on Friday as investors basked in a brighter risk environment. Trading activity picked up after reports suggested that Pakistan and Afghanistan had agreed to uphold a ceasefire, a development viewed by market participants as reducing near-term regional tensions. The prospect of a…