Stories from Salman Siddiqui
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Pakistan to connect Raast payment system globally
SBP targets connecting 60 countries within one year, boosting remittances, SME financing
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Global investors inject record $581m into T-bills
Second-highest historical investment in sovereign debt securities reflects rising economic confidence
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Pakistan records 13-year low CAD
Marks lowest deficit since FY11; FDI rises to $1.90 billion vs $1.63b in FY23
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Moody’s doubts success of IMF loan
Says approval likely but tough reforms may be challenging for weak govt
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Oil & gas reserves discovered in Attock
Account for 1% of total oil production, 0.3% of gas output from hydrocarbon fields
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Flour mills call off strike for now
Strike demands taxation issues to be sorted out amicably within 10 days
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IMF deal boosts capital markets
37-month agreement expected to propel stocks beyond record, stabilise rupee
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Climate change feared to trigger food crisis
Fruit, vegetable exporters join global forum to seek investment in agriculture
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SBP reserves hit new two-year high at $9.4b
Robust remittances in recent months prop up country’s reserves
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Pakistan can grow by 8-9% per annum, says SCB CEO
Country must assess if new budget includes necessary reforms for healthy growth