The Pakistani Finance Minister, Muhammad Aurangzeb, led a delegation in meetings with international financial institutions in Washington. He discussed Pakistan’s resolve to tap into world capital markets by launching its first Panda Bond. The delegation also met with leaders from various financial institutions, discussing the country’s progress in diverse sectors and seeking support for future…
Two investors were seen discussing the stock market at the Pakistan Stock Exchange, which achieved its highest close yet after briefly surpassing the 90,000-point resistance level. This was driven by positive economic indicators and expectations of a significant interest rate cut by the central bank at its upcoming meeting. The market’s momentum is positive, with…
Finance Minister Muhammad Aurangzeb announced that Pakistan has formally requested around $1 billion in funding from the International Monetary Fund to help mitigate climate risks for low and middle income countries. The IMF has already provided a $7 billion bailout to Pakistan and has additional funding available through its Resilience and Sustainability Trust. Pakistan, one…
Wadi Al Shuwaimiyah in Shaleem and Al Hallaniyat Islands is a stunning natural treasure located in the heart of the mountains. It is a popular destination for explorers and nature lovers, with its unique terrain, mysterious caves, and beautiful landmarks like Ain Gharir. The valley is home to a diverse range of wildlife, including rare…
The Pakistan Stock Exchange (PSX) closed just below 89,000 points, setting a new record high. Rate-sensitive sectors saw gains, driven by expectations of the central bank maintaining a hawkish stance due to improving macroeconomic indicators. Investors focused on sectors like auto-makers, cement, and banks as corporate results for the first quarter of the year came…
Finance Minister Muhammad Aurangzeb participated in high-level meetings at the World Bank-IMF Annual Meetings in Washington DC. He discussed Pak-US economic partnership, investment potential in various sectors, and appreciated support from the Islamic Trade Finance Corporation. The Minister also met with teams from Deutsche Bank and FitchRatings, highlighting Pakistan’s economic performance and measures being taken….
The Ministry of Heritage and Tourism signed a financing agreement worth RO 12 million to establish a Maritime History Museum in the Wilayat of Sur, in partnership with Oman LNG and Oman India Fertilizer Company. The museum’s design won the Bilarab bin Haitham Award for Architectural Design, aiming to showcase Oman’s maritime heritage and boost…
Pakistan and Saudi Arabia have renewed their commitment to strengthen economic ties, promote investment, and enhance bilateral trade. The finance ministers of both countries met at the World Bank-IMF Annual Meetings in Washington DC to discuss cooperation in key sectors. Pakistan also signed several investment agreements with Saudi Arabia, covering areas like agriculture, energy, and…
Gold prices reached an all-time high in Pakistan, with a significant increase in the value of both 10-gram gold and per tola gold. This rise in prices is in line with global markets, as international investors are turning to safe-haven assets like gold amid uncertainties. The global gold prices have also hit record highs due…
Stocks in Pakistan reached a record high above 87,000 points due to positive economic indicators and forecasts. Investors were optimistic about strong current account and foreign direct investment figures, as well as GDP growth projections from the IMF. The market saw heavy buying in various sectors, with decreasing yields on fixed-income securities indicating potential future…