By Staff Reporter
KARACHI: The State Bank of Pakistan (SBP) said on Wednesday the expansion of the economy is seen cooling next year, with both internal and external challenges weighing on growth.
Macro
Gas prices may go up after all
Are the authorities using an increase in gas prices as an icebreaker in the parleys with the IMF staff for the release of a USD 1.18 billion tranche of funding? By Naveed Naqvi.
IMF, Pakistan in virtual dialogue to bridge differences
Blocking progress so far is variance of views over unbudgeted subsidies, tax-to-GDP ratio, energy sector circular debt, and the rupee’s exchange rate. By Muhammad Ali.
Pakistan cuts domestic fuel prices
By Staff Reporter
ISLAMABAD: The government on Thursday cut petrol (motor gas) price to pass on a decline in global prices to inflation-hit consumers.
Pakistan signs five loan deals worth $775 million with ADB
By Staff Reporter
ISLAMABAD: Pakistan on Thursday signed five loans agreements worth $775 million for flood relief with the Asian Development Bank (ADB), the economic affairs ministry said, taking the total lending for the year to $2.7 billion with the agency.
Pakistan allows 100,000T sugar exports
By Staff Reporter
ISLAMABAD: Pakistan has allowed 100,000 tonnes of sugar exports, the finance ministry said on Thursday, as it seeks to generate foreign exchange for state coffers and revenue for cash-hungry mills.
ADB sees global slowdown hurting Asia-Pacific growth
Even with the downgraded forecasts, developing Asia will still do better than other regions globally, both in terms of growth and inflation. By Staff Reporter.
IMF says having ‘productive’ talks with Pakistan as part of program review
By Staff Reporter
ISLAMABAD: The International Monetary Fund said it was having ‘productive’, ongoing discussions with Pakistan as part of a ninth program review of a $7 billion rescue package.
New USD 554 million flood assistance package from ADB
The Bank has consistently stood by Pakistan in the wake of this monsoon’s cataclysmic flooding, helping with post-disaster needs assessment and mobilising technical and financial resources. By Staff Reporter.
Pakistan Consumers’ Confidence Index for Q4 2022 by Ipsos. Image courtesy of Ipsos.
Economic gloom lifting but optimism still low
Although continued political stability continues to take its toll in terms of perception, a dogged optimism about the country’s economy is returning. By Ahmer Kureishi.