Pakistan and Turkey are all set to sign an agreement to increase trade by $5 billion in three years

Federal Minister for Finance and Revenue Miftah Ismail presented the budget for fiscal year 2022-23 on Friday in an orderly session of the National Assembly of Pakistan.

The survey confirms a 5.97% growth in the GDP, however, factors such as the widening trade deficit and current account deficit, depreciating rupee and spiraling inflation present bad news for the economy.

Javed Hassan says it is through the exposition of their differences in economic vision that the public gets to have a choice.

One of the factors discouraging foreign direct investments and local business is the business environment risk problem. The problem has been recently highlighted and explained by an entrepreneur and investor who goes by the name Bacchus on twitter.

Pakistan's foreign reserves have been on a steep decline in recent months - falling to $9.7 billion, less than 45 days of imports.

The selling trend continued in the Pakistan Stock Exchange for the second day as the KSE-100 index dropped 923.03 points to close at 41314.88, 2.23% down than yesterday. The downward trend in the stock market is being attributed to the enormous hike in fuel and energy prices.

Factories owners fear that they may need to shut production due to an unprecedented hike in energy costs, which will be another disaster for the already struggling economy

Moody's downgrades Pakistan's economic outlook to negative, citing 'heightened external vulnerability' and uncertainty regarding the much needed external financial support as the reasons behind the downgrading of Pakistan’s economic outlook.

APTMA urges the government to continue with the Regionally Competitive Tariffs for the entire value chain and not to impose any non-tariff barrier on raw material or spare parts for the industry.

World Bank stated that the ongoing Russia-Ukraine war could bring a global recession as food, energy, and fertilizer the prices go higher

IMF emphasised the urgency of concrete policy actions, including in the context of removing fuel and energy subsidies and the FY2023 budget".