Major Breakthrough in the Energy Sector: Second Gas and Oil Discovery in Sujawal

Pakistan has hit another significant milestone with the discovery of gas and condensate from the exploration well Jhim East X-1, situated in Block 2467-16 (Shah Bandar) in District Sujawal, Sindh. This marks the second discovery in the Shah Bandar Block, showcasing the company’s prowess in unlocking the region’s hydrocarbon potential.   Operated by PPL with […]

IMF Review Signals Positive Turn for Pakistan’s Economic Landscape

In a welcome turn of events, the recent IMF review has proven successful, marking a significant milestone for Pakistan’s economic landscape. The smooth and timely completion of the review, a far cry from the discontent witnessed last year, indicates a positive shift in the authorities’ management of the policy framework.   The IMF, in its […]

Pakistan’s Current Account Deficit Plummets by 91% in October 2023

In the latest economic snapshot, Pakistan’s current account revealed a deficit of $74 million in October 2023, a notable 91% decrease compared to the $849 million recorded in the same month last year. This positive annual trend signals a significant improvement, emphasising the country’s resilience in managing its economic affairs.   However, on a monthly […]

PSX Surges, Breaks 59,000 Barrier Amid Positive Economic Indicators

In a thrilling display of financial fervour, the Pakistan Stock Exchange (PSX) has soared to unprecedented heights, crossing the remarkable 59,000 milestone in intraday trading. This achievement, marking yet another all-time high on Friday, underscores the continuing bullish momentum that has characterised the preceding sessions.   As the clock struck 10 am, the KSE-100 index […]

Pakistan and Uzbekistan Strengthen Ties: A Step Towards Regional Integration

In a significant development, Pakistan and Uzbekistan have expressed their commitment to finalize a Strategic Partnership Agreement to bolster regional economic integration. The announcement came during a bilateral meeting between Caretaker Prime Minister Anwaarul Haq Kakar and Uzbekistan’s President Shavkat Mirziyoyev on the sidelines of the 16th Summit of the Economic Cooperation Organization (ECO) in […]

PSX Surges to New Heights: Crossing the 55,000 Milestone

The benchmark index of the Pakistan Stock Exchange (PSX) extended its gains on Friday as it crossed the 55,000 milestone following a 1,000-point surge, reaching an “all-time high”.According to the PSX website, the KSE-100 index climbed by 800 points or 1.51 per cent from the previous close of 54,261.42 by 10am. Two hours later (by […]

Pakistan’s Current Account Deficit Down 97% in October 2023

In the ongoing talks with the International Monetary Fund (IMF), Pakistan has delivered a hopeful message, asserting that its current account deficit might stay below $4.5 billion due to lower-than-expected imports. This revelation could potentially alleviate external financing concerns for the current fiscal year, providing a ray of optimism amid economic challenges.   The Ministry […]

Pakistan to Be Among Top 5 Largest Global Economies by 2075: Goldman Sachs

In a recent research paper titled ‘The Path to 2075,’ economists Kevin Daly and Tadas Gedminas from Goldman Sachs have projected Pakistan to emerge as the sixth-largest economy globally by 2075, provided the nation adopts “appropriate policies and institutions.” The study, which covers 104 countries and extends its projections to 2075, envisions China, India, the […]

Profits Soar: Record 447% Surge, Repatriating $163.7 Million

In a significant development, Pakistan has recently taken steps to boost foreign investments and ease restrictions on the repatriation of profits earned by multinational companies. This decision comes as the country experiences increased supplies of US dollars in its domestic economy, which is sending a positive signal to global investors and encouraging them to consider […]

IMF Funding On The Horizon: Pakistan Closes In On $710 Million Tranche

Pakistan is on the verge of securing $710 million in funding from the International Monetary Fund (IMF). Economic experts are confident that this financial boost is imminent due to Pakistan’s substantial progress in meeting the fiscal and monetary targets set in their agreement with the IMF. The IMF is slated to review Pakistan’s financial performance […]