PM Shehbaz Welcomes Bloomberg Report Highlighting Sharp Decline in Pakistan’s Default Risk
Prime Minister Shehbaz Sharif lauds Bloomberg’s latest report recognizing Pakistan as the world’s second most improved economy in reducing default risk, attributing the progress to strong governance, fiscal reforms, and renewed investor confidence.
Pakistan Records Sharpest Drop in Default Risk, Second-Best Global Performer in Emerging Markets
Pakistan has posted one of the steepest declines in sovereign default risk worldwide, emerging as the second-best performer among global economies, according to CDS-implied data by Bloomberg. The improvement reflects rising investor confidence, policy stability, and ongoing IMF-backed reforms.
Asian Currencies Slip as Dollar Strengthens Amid Fed Policy Signals
Emerging Asian currencies weakened against a stronger dollar on Friday as markets digested the US Federal Reserve’s signals on monetary policy, with regional stocks retreating despite recent record highs.
PBA Hosts Senior Bankers’ Session on Global Macroeconomic Trends and Digital Asset Impact
The Pakistan Banking Association convened senior banking leaders to discuss global market shifts, digital asset developments, and their implications for emerging economies, with insights from J.P. Morgan’s Saad Siddiqui.
ADB Projects Slower Rate Cuts and Downgrades Growth Forecasts for Developing Asia Amid Trade and Geopolitical Uncertainty
The Asian Development Bank sees a slower pace of monetary easing in developing Asia, revises regional growth outlook downward due to trade tensions, export declines, and ongoing geopolitical uncertainties.
KSE-100 Ranks Among World’s Top Three Performing Indices in FY25, Surpassing US, India, and Germany
The Pakistan Stock Exchange delivered a 55.5% return in USD terms for FY25, placing the KSE-100 Index as the third-best performing market globally, ahead of indices in the US, India, and Germany, according to a report by Arif Habib Limited.
Pakistan’s KSE-100 Rebounds with Significant Gains Amidst Global Volatility
The Pakistan Stock Exchange (PSX) witnessed a strong resurgence today, with its benchmark KSE-100 Index climbing over 600 points, signaling renewed investor confidence despite ongoing geopolitical tensions in the Middle East. This positive momentum highlights the resilience of key sectors, including those with significant digital and technological integration, amidst a fluctuating global economic climate.
Raqami and Visa Join Forces for Pakistan’s Digital Banking Revolution
Raqami Islamic Digital Bank partners with global payments leader Visa to roll out a comprehensive card portfolio, paving the way for inclusive, Shariah-compliant digital financial services in Pakistan and addressing the nation’s significant unbanked population.