Article:
The Asian Development Bank (ADB) has released a report on the economic situation in Pakistan. Despite improvements in the economy, the report highlights that risks remain, and the economy is expected to continue growing gradually. According to the report, Pakistan’s economy is expected to grow at 3.5% in the current fiscal year, and this growth rate is expected to increase to 4.5% in the next fiscal year. The ADB report also warns that the ongoing tensions in the Middle East and the resulting pressure on the economy could lead to higher inflation rates. The report predicts that inflation will rise to 6.4% in the fiscal year 2026 and 6.5% in the fiscal year 2027. The report emphasizes the need for reforms to address external shocks, and notes that an increase in private investment will support the economy. It also expects improvements in the construction and manufacturing sectors. The State Bank of Pakistan is expected to adopt a more accommodative monetary policy.
In a separate development, the Pakistan Stock Exchange (PSX) has announced the weekly update, with the 100 Index increasing by 11% over the past week. The previous day, the market had seen a decline, but gold prices rose again today. The LPG Association of Pakistan has stated that the decrease in LPG prices is due to improved supply. The gold market in Pakistan has seen a reversal in prices, with the prices increasing due to the previous day’s decline.
In the midst of the ceasefire agreement between the US, Iran, and Israel, Asian stock markets have seen a negative trend. The previous day’s closing of the 100 Index at 1,65,811 points has been surpassed, with the current closing at 1,65,517 points.
According to the State Bank of Pakistan, remittances have seen a decline of 16.5% on a monthly basis and 5.5% on an annual basis. Oil prices have also seen a decline of up to 15%. The All Pakistan Saraf Association has reported that the price of gold has increased by 15,700 rupees per tola, reaching 5,41,216 rupees per tola.
The price of gold in Pakistan has seen a slight decline after a slight increase earlier. The Nepal Stock Exchange has also sought opinions from the public and shareholders.
The benchmark indices have seen a significant increase due to the previous day’s rise in prices. Former US President Donald Trump has stated that his meeting with Iran was positive, but the two sides failed to agree on the nuclear issue.
In a separate development, the details of the traffic jam on Shah Faisal Bridge in Karachi’s Korangi area have come to light. The President of the Muslim Unity Council and Leader of the Opposition in the Senate, Senator Allama Raja Nisar Abbas, has stated that the US believed that after the martyrdom of Ayatollah Ali Khamenei, they would occupy Iran.
A senior US official has confirmed that the entire US negotiating team has left for Islamabad.
