By Muhammad Saleem FAISALABAD– Power loom owners have urged the government to establish a modern weaving city in Faisalabad to revitalize the district’s textile sector. The power loom sector has earned Faisalabad the title of Pakistan’s textile capital. They noted that numerous power loom units are still operating across the district, relying on decades-old machinery ...
By Moaaz Manzoor ISLAMABAD– Pakistan’s remittance surge, driven by policy reforms and formal channels, underscores short-term economic stability, but long-term sustainability hinges on skilled migration and financial innovation. Record Growth in Remittance Inflows Over the past months, Pakistan’s remittance inflows have exhibited sustained growth, reinforcing the country’s foreign exchange reserves and economic stability. The latest ...
By Moaaz Manzoor ISLAMABAD– The Pakistan Stock Exchange continues its record-breaking rally amid investor optimism fuelled by IMF-backed stability, but experts cautioned that sustainable economic growth depends on structural reforms. PSX Rally Sustains Momentum The PSX sustained its record-breaking rally as investors continued to factor in the impact of IMF clarity and anticipated economic improvements. ...
By Moaaz Manzoor ISLAMABAD– The Pakistan Stock Exchange continues its record-breaking rally amid investor optimism fueled by IMF-backed stability, but experts cautioned that sustainable economic growth depends on structural reforms. KSE-100 Index Crosses 118,000 Mark The PSX sustained its record-breaking rally as investors continued to factor in the impact of IMF clarity and anticipated economic improvements. ...
By Amir Saeed ISLAMABAD — Pakistan’s digital divide significantly hinders financial inclusion, impacting economic growth and social equity, while also limiting access to essential services across the country. Talking to this reporter, Ahad Nazir, Associate Research Fellow at the Sustainable Development Policy Institute (SDPI), said the digital divide posed significant challenges for financial inclusion, undermining ...
By Moaaz Manzoor ISLAMABAD — While Pakistan has made notable progress in fiscal discipline, experts argue that the lack of substantial tax reforms continues to hinder long-term economic stability. In recent months, the government has focused on controlling expenditure, expanding the tax base, and making structural adjustments to strengthen financial resilience. Federal Minister for Finance ...
By Moaaz Manzoor ISLAMABAD– The State Bank of Pakistan (SBP) maintained the policy rate at 12%, prioritising stability over aggressive easing despite a sharp inflation drop, due to external risks and rising imports, reports WealthPK. SBP Maintains Policy Rate Amid Inflation Drop The SBP’s decision to keep the policy rate at 12% for the second ...
By Moaaz Manzoor ISLAMABAD– Pakistan’s widening trade deficit, despite export growth, is heightening external stability concerns as imports outpace gains, with experts warning that without structural reforms, the imbalance could exacerbate external financing risks, reports WealthPK. Concerns Over Pakistan’s Widening Trade Imbalance Experts cautioned that the worsening trade imbalance could strain the foreign exchange reserves ...
By Qudsia Bano ISLAMABAD — Pakistan’s state-owned enterprises (SOEs) reported staggering losses of Rs 851 billion in the fiscal year 2023-24 (FY24), raising alarms over their financial sustainability and impact on the national economy. The power sector emerged as the biggest drain on public funds, despite repeated government interventions through subsidies and grants. Staggering Losses ...
By Amir Saeed ISLAMABAD– As Pakistan’s cash-based economy hinders growth and complicates tax collection, digital transformation offers solutions by enhancing financial inclusion. Talking to this reporter, Aatizaz Hussain, former manager of Financial Literacy Programme at the National Institute of Banking and Finance, highlighted that Pakistan’s economy faces significant challenges due to its reliance on cash ...
