Moody’s said in a statement that the vote of no confidence came at a time when Pakistan was grappling with growing inflation and widening current account deficits because of rising global commodity costs.
Economy
Trading volume of the PSX edged up to 163.93 million, involving more than 5.7 billion rupees worth shares trading on March 31, 2022.
The State Bank of Pakistan today issued a circular to the domestic banks to deduct Zakat at source in case the amount available in profit and loss accounts is either Rs 88,927 and or above this threshold.
Major oil producers are expected to adhere to their scheduled output goal rise of approximately 432,000 bpd,
Governor SBP said that this initiative will broaden investment avenues in the stock market in the country.
The “early warning” measure, the first of three alarm levels under the government’s emergency gas plan, was “preventative” and intended to assure supply of the fuel, said Habeck, who is also energy minister and vice chancellor.
“You import more and export less, even though my government in collaboration with your government is trying to narrow down the trade deficit. We want to see balanced trade,” he said.
Pakistan has urged China to increase the size of the currency swap facility from $4.5 billion to $10 billion – an additional borrowing of $5.5 billion.