IslamabadPakistan and the International Monetary Fund (IMF) reached an agreement to reduce the average weighted definitions in the country to 6 percent over the next five years, and half the current rate of 10.6 percent. This strategic step is designed to open the Pakistani economy on greater foreign competition, making it the country with the … Read more
The Pakistan Stock Exchange (PSX) witnessed a volatile trading session on Tuesday, with the benchmark KSE-100 index fluctuating throughout the day before closing 802.56 points (-0.69%) lower at 115,042.25. The index initially rose to an intraday high of 116,424.85, up 580.04 points, but selling pressure in the latter half of the session erased those gains, … Read more
Once a source of national pride and one of Asia’s leading airlines, Pakistan International Airlines (PIA) has fallen into turmoil, becoming synonymous with mismanagement and controversy. In this video, we delve into the history of PIA – from its promising beginnings as Orient Airlines in 1946 to its transformation into PIA in 1955 and the … Read more
China’s crude oil imports from Russia reached a record high in 2024, rising 1% from 2023, while shipments from Saudi Arabia fell 9%, according to data released Monday. Refiners prioritized reduced Russian supplies to cushion weak margins. Data from the General Administration of Customs showed that China imported 108.5 million metric tons of crude from … Read more
Islamabad: Pakistan’s telecommunications industry faced significant setbacks in foreign direct investment (FDI), contributions to the national exchequer, and overall investments during fiscal year 2023-2024, highlighting the broader economic challenges facing the country. According to the annual report released by the Pakistan Telecommunication Authority (PTA) on Monday, foreign direct investment in the sector fell by 21% … Read more
Islamabad: Pakistan’s inflationary trend is likely to decline further as the CPI-based figure is expected to fall below 5% in November, hitting a 78-month low, according to a Topline Securities report. The report said: “Pakistan CPI for November 2024 is expected to reach 4.5-5% y/y (+0.4% m/m), bringing the 5-year average of FY25 to 7.91% … Read more