LAST week, the State Bank of Pakistan conducted two open market operations and pumped a cumulative Rs90bn into the banking system...
According to the weekly Statement of Affairs of the State Bank of Pakistan for the week ended Jan 29, 2016, currency notes in circulation decreased to Rs3,093...
2 against the US dollar in the interbank market, dropped further on Friday, dealers said, selling at Rs149...
50 in the interbank market and Rs150 in the open market...
The celebrations of the best performing market in Asia are long since over for the Pakistan equity market which has been down in the dumps since May this year...
After providing mouth-watering returns of 46 per cent in 2016, the market continued to rally until the KSE-100 index hit an intra-day high of 53,124 points on May 25...
KARACHI: Investors’ wait was finally over around 3am on Tuesday when MSCI announced the upgrade of Pakistan’s status to the emerging market (EM) from the frontier market (FM) in its semi-annual review...
7 trillion for the emerging market...
The Pakistan Stock Exchange (PSX) on Friday announced that it had became the first self-listed capital market in South Asia...
Securities and Exchange Commission of Pakistan (SECP) Chairman Muhammad Zafar-ul-Haq Hijazi in a statement read out over video link said he was proud of the PSX for acquiring the status of the first self-listed stock market in the region...
Pakistan was part of the MSCI Emerging Market (EM) Index from 1994 to 2007...
But during the stock market crash of 2008, panicked regulators and stockbrokers decided to close the exit door for foreign investors...
After surrendering a significantly big part of international textile clothing market to its regional rivals, especially Bangladesh, since the abolition of quotas, Pakistan is now fast losing its cotton spun yarn markets to the much cheaper Vietnam...
Pakistan’s cotton yarn exports, on the other hand, have been on the decline for the last couple of years owing to surging cost of production on account of sharp spikes in energy prices...
ISLAMABAD: Commerce Minister Khurram Dastgir Khan announced on Wednesday his ministry’s plans to launch a branding and marketing campaign to re-launch Pakistan in the export world with new and improved credentials...
The minister invited representatives of the textile sector to provide their input in the campaign, which will use traditional and new media to attract investors and importers to Pakistan...
ISLAMABAD: Pakistan has urged China to revive preferential treatment to ‘Made in Pakistan’ under the second phase of the free trade agreement (FTA), a senior official told Dawn on Saturday...
Pakistan and China have held several rounds to revise the FTA which was implemented in July 2007...
WASHINGTON: In its latest World Economic Outlook report, the International Monetary Fund has included Pakistan in emerging market economies...
An emerging market economy is the one that is progressing toward a more advanced stage, usually by means of rapid growth and industrialization...
Pakistan claims to be eagerly waiting for tangible progress in, and to benefit from, the process kick-started by the landmark deal in Vienna to lift sanctions and reintegrate Iran into the global economy...
Pakistan has also been looking at widening and deepening the scope of the 2006 preferential trade agreement with the long-suppressed economy that is set to bounce back...
KARACHI: A flow of money from a slowing Dubai property market to Pakistan has pushed up prices, as much as double in some areas...
In contrast, investors said Dubai market had lost attraction, falling by 15 to 20 per cent in recent months...
ISLAMABAD: United States is one of the largest trading partners of Pakistan and it will be in the interest of both countries to enhance the bilateral trade volume which has been hovering around $5 billion for the last five years, Prime Minister Nawaz Sharif said on Tuesday...
In a meeting with Ambassador Michael Froman, US Trade Representative to Pakistan, the prime minister said Pakistan would like to further enhance that partnership...
ISLAMABAD: Pakistan has evolved a comprehensive plan to convince the United Kingdom to continue letting Pakistani goods have preferential market access in the wake of Brexit...
A statement released by the Ministry of Commerce said Mr Ranjha expressed Pakistan’s desire to maintain with the UK a Generalised Scheme of Preferences (GSP) Plus-like arrangement in the short term...
Growth of sharia-compliant investment funds in Pakistan is helping fuel demand for sukuk, or Islamic bonds, giving local firms new funding options while strengthening the case for Islamic pensions in other majority-Muslim countries...
Pakistan's Islamic banks lag their conventional peers, holding around 13 per cent of total deposits, while Islamic mutual funds and private pensions have a far greater market share...