Pakistan Sets Sights on Top 10 Economy by 2047: Minister Calls for Collaboration, Stresses Challenges at SDG Conference Pakistan Aims for Top 10 Spot by 2047: Minister’s Bold Vision Pakistan’s Minister for Planning, Development and Reforms, Ahsan Iqbal, has set an ambitious goal for the nation’s future. Speaking at a Sustainable Development Goals (SDGs) Conference…
Pakistan’s Economic Outlook: Modest Growth Amidst Global Challenges The United Nations has released its mid-year World Economic Situation and Prospects report, painting a mixed picture for Pakistan’s economy in 2024. While the report forecasts “modest economic growth” with a 2% GDP expansion, significant challenges remain. IMF Support and Tight Financial Conditions Pakistan’s recent Stand-by Arrangement…
Dollar on Watch: Traders Anticipate Slide After Inflation Data Currency traders are bracing for a potential drop in the value of the US dollar following the release of Wednesday’s key inflation report. This anticipation stems from a build-up of bearish bets placed by option traders on the world’s reserve currency. In the lead-up to the…
Islamabad: Prime Minister Shehbaz Sharif Unveils Plan to Privatize State-Owned Enterprises In a significant move, Prime Minister Shehbaz Sharif of Pakistan announced on Tuesday the government’s decision to privatize all state-owned enterprises (SOEs) except for those deemed strategically important. The announcement came during a review meeting held in Islamabad, focusing on matters pertaining to the…
Pakistan and the IMF: Charting a Course for Sustainable Growth Pakistan is on the cusp of a crucial meeting with the International Monetary Fund (IMF) next week. This high-level delegation, led by IMF Mission Chief Nathan Porter, will engage with Pakistani authorities to discuss the “next phase of engagement” – a phrase hinting at potential…
Small Industries: Pakistan’s Powerhouse for Export Growth This news article highlights the crucial role of small industries in boosting Pakistan’s economic growth, particularly through export expansion. Key Statistics: Non-traditional exports from small industries have increased by 15% in the past five years (Pakistan Bureau of Statistics). Small industries created over 500,000 jobs in 2023 alone…
