State Bank of Pakistan wants to give cheap credit to new industries with export potential & wants commercial lenders to boost their share of borrowing.
The deficit increased to 8.9% of GDP in the year ended June compared with 6.6% a year ago, just ahead of IMF’s first quarterly review of its bailout deal.
An IMF report said without bold reforms, Pakistan’s economy will remain critical given its largely unaddressed weak tax administration and tough business environment.
The oil-rich Qatar is the fourth nation after China, Saudi Arabia and UAE to help rescue Pakistan as it tries to overcome a ballooning balance-of-payments crisis.
While bond yields tend to fall amid low inflation & interest rate cuts, market experts say they’ve been rising due to concerns over tax collections, fiscal deficit & potential impact of US tariffs.
It is one of the most advanced long-range air defence and anti-missile radars. It has been acquired under an about USD 145-million deal signed in 2020.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
COMMENTS