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February 11, 2025

The Pakistan Daily

FeaturedNewsPakistan

Pakistan’s economy improving at macroeconomic level: PM Shehbaz

Prime Minister Muhammad Shehbaz Sharif says the foundation of Pakistan’s economy at the macro-economic level has been gradually improving since last year. Talking to Pakistani investors and businessmen in Dubai, he said the inflation has decreased to 2.4 per cent in January this year, while the policy rate is at 12 per cent. The Prime Minister said that Pakistan’s exports, including IT exports, are on the rise, and foreign remittances have reached a record high of three billion dollars in January this year. He said Pakistan’s economic landscape has witnessed stability at macroeconomic level following agreement with the International Monetary

February 6, 2025

The Pakistan Daily

FeaturedNewsPakistan

Pak-China Presidents discuss development of CPEC

President Asif Ali Zardari and Chinese President Xi Jinping held a meeting at the Great Hall of the People in Beijing. During the meeting, they exchanged views on bilateral relations as well as regional and international matters of mutual interest. They also discussed to further explore the opportunities to further expand the scope of their partnership. Both sides reiterated their resolve to support each other on matters of mutual interest. President Asif Ali Zardari highlighted the unique, time-tested, and special relations between the two countries. He said China’s exemplary development and prosperity are a manifestation of the vision of the

February 4, 2025

The Pakistan Daily

FeaturedNewsPakistan

Pakistan, KSA ink two financing agreements worth over $1b

Pakistan and Saudi Fund for Development have signed two financing agreements worth over one billion dollar. These agreements include “Deferred Payment for Oil Import from Saudi Arabia” worth 1.2 billion dollar for one year and “Construction of Gravity Flow Water Supply Scheme” at Mansehra amounting to 41 million dollar. Secretary Economic Affairs Dr Kazim Niaz and Chief Executive Officer Saudi Fund for Development Sultan Abdulrahman Al-Marshad signed the agreements. Among others, Prime Minister Shehbaz Sharif and Saudi Ambassador Nawaf bin Said Al-Malki witnessed the signing ceremony.

January 30, 2025

The Pakistan Daily

BlogFeaturedNewsPakistan

The Role of International Financial Institutions in Addressing Global Poverty

Introduction: International Financial Institutions (IFIs) such as the International Monetary Fund (IMF), the World Bank, and regional development banks have played crucial roles in the global economic landscape for decades. Their primary mission has been to support economic stability, growth, and poverty reduction worldwide. Despite this noble mission, the effectiveness of these institutions in addressing global poverty remains a topic of ongoing debate. In this blog, we’ll explore how IFIs function, their impact on developing nations, and the criticisms they face in their attempts to address the challenges of poverty. The Purpose of IFIs: The IMF and the World Bank

January 29, 2025

The Pakistan Daily

FeaturedNewsPakistan

Pakistan to be part of premium economic club of world G-20 by 2030: Dar

Deputy Prime Minister and Foreign Minister Ishaq Dar says Pakistan will be the part of premium economic club of the world G-20 by 2030 due to its enormous economic potential. Speaking at the Pakistan Business Council’s Dialogue on the Economy in Islamabad, he emphasized all stakeholders to work collectively for economic sovereignty of the country. He said that we have become 24th largest economy of the world and inflation has been declined from double digit to four percent. Highlighting the achievements at diplomatic fronts made by country during the present PML-N government, he said that Pakistan became the non-permanent member

January 23, 2025

The Pakistan Daily

FeaturedNewsPakistan

Pakistan’s improved ratings positioning it as attractive destination for investment, says Muhammad Aurangzeb

Finance Minister Muhammad Aurangzeb, in his meeting with Qatari counterpart Ali Ahmed Al-Kuwari on the sidelines of World Economic Forum Annual Meeting in Davos, discussed avenues for enhancing economic and investment cooperation between two brotherly countries. He highlighted Pakistan’s improved international financial ratings, which reflect the country’s robust efforts towards fiscal reforms, macroeconomic stability, and sustainable development. The Finance Minister emphasized that these improvements are positioning Pakistan as an attractive destination for foreign investment, especially from key partner nations like Qatar. The meeting concluded with a shared vision to strengthen the partnership between the two brotherly nations, aiming to elevate