The Pakistan Stock Exchange witnessed a notable decline this week as the benchmark KSE-100 index dropped 3.2%, closing at 165,596 points. The downturn was largely driven by uncertainty surrounding the progress of US-Iran peace negotiations, which negatively impacted investor sentiment. Throughout the week, the market showed consistent volatility. The KSE-100 index lost a total of…
The government of Pakistan is planning significant income tax cuts for salaried individuals and companies as part of the upcoming fiscal budget, with discussions currently underway with the International Monetary Fund (IMF). According to official proposals shared with the IMF, the government aims to provide relief to taxpayers by lowering income tax rates across multiple…
Inflation in Pakistan has surged to 10.9% in April, marking its highest level in nearly two years, according to data released by the Pakistan Bureau of Statistics. The sharp increase has been largely driven by rising fuel prices, higher taxes and ongoing global economic disruptions. The latest figures show that inflation has returned to double…
Fitch Ratings has reaffirmed Pakistan’s long-term foreign currency issuer default rating at B- with a stable outlook, signaling cautious confidence in the country’s recent economic management. The rating reflects progress in fiscal consolidation and continued alignment with the International Monetary Fund programme, which has helped stabilise Pakistan’s financial outlook. According to the assessment, these measures…
An International Monetary Fund (IMF) mission has begun technical discussions with the State Bank of Pakistan in Karachi as part of the third review of Pakistan’s $7 billion Extended Fund Facility and the second review of the $1.1 billion Resilience and Sustainability Facility. The IMF delegation, led by Iva Petrova, will hold meetings in Karachi…
