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Economic Advancement: Pakistan, Russia, and Brazil Express Intent to Invest in Pakistan

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5 months ago

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China, Russia, and Brazil have recently articulated their intention to engage in diverse industries to foster Pakistan’s economic development.

The Special Investment Facilitation Council is significantly influencing the national economy’s development and reinstating worldwide faith in it.

China is eager to relocate its diverse businesses to Pakistan, while Russia and Brazil are engaging in trade agreements with the country.

The inaugural Pakistan-Russia trade and investment forum took place in Moscow, with participation from over 60 officials representing essential ministries, including industry and trade, agriculture, and economic development from the Russian delegation.

With the assistance of the SIFC, Pakistan has imported premium livestock from Brazil pursuant to an agreement with Fongrow, a firm founded under the Green Pakistan project.

These three nations are essential members of the Brics coalition of rising economies and are enthusiastic about Pakistan’s accession.

The member nations of this group are notably recognized for their substantial impact on regional and global matters owing to their swiftly advancing economies.

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E&P Companies Will Invest $5 Billion in Pakistan’s Petroleum Industry

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Over the next three years, local and foreign companies involved in Pakistan’s oil and gas exploration and production sector have shown a strong desire to invest more than $5 billion in the nation’s energy sector.

Recent changes to the Petroleum Policy and the implementation of an exclusive tight gas policy, which provide better incentives and a more investor-friendly regulatory framework, are credited with the increase in investor confidence.

These strategic changes are expected to boost domestic energy production, open up new avenues for growth, and draw large amounts of both domestic and foreign investment.

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With inflation slowing, the SBP is anticipated to lower the policy rate for the eighth time in a row.

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3 days ago

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Businesspeople anticipate another reduction in the policy rate when the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) releases the updated rate.

The interest rate for the upcoming two months will be announced by the central bank. It is still unclear if the rate will stay the same or be lowered to reflect stakeholder expectations.

According to experts, the policy rate will be lowered in order to further boost the nation’s economic sector.

Interest rates may be lowered for the seventh time in a row if the inflation rate declines significantly more than anticipated.

In its last six sessions, the MPC had cut the policy rate by 10 percent. In January 2025, it decreased the rate by one percent to 12pc.

12PC POLICY RATE

In January, the State Bank of Pakistan (SBP) announced cut in key policy rate by 100 basis points (bps) to 12 percent from 13pc in line with expectations of the business community.

The policy rate, which had been at 22 percent since June 2024, was slashed by 1,000 basis points to 12 percent.

The SBP governor said the decision was taken with careful consideration. “Although inflation is expected to decline next month (February), core inflation remains a pressing concern,” he stated.

Ahmed highlighted strong remittance inflows and robust export growth as key factors supporting the current account.

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Bulls in the stock market are still going strong.

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3 days ago

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As the bullish trend persisted on the Pakistan Stock Exchange (PSX) on Monday, the KSE-100 index soared beyond the 115,000 level.

The PSX continued its upward trend from the weekend, and the KSE-100 index gained 600 points, reaching 115,048 points in early trading.

The index closed at 114,398 points on Friday, up 685 points.

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