economic growth
Pakistan’s SMEs Get a Boost with First-Ever Credit Guarantee Company
Small and medium-sized enterprises (SMEs) in Pakistan have a reason to celebrate! The Finance Ministry has launched the National Credit Guarantee Company Limited (NCGCL), the country’s first-ever credit guarantee company dedicated to supporting their growth. Financial Lifeline for SMEs: This revolutionary initiative aims to address the long-standing challenge of limited financial access for SMEs. Pakistan’s […]
Development Funds Slashed: Pakistan Obeys IMF Demands to Secure Bailout
Pakistan’s development dreams take a backseat as the federal government bites the bullet, slashing Rs116 billion from its development budget at the International Monetary Fund’s (IMF) behest. This drastic move aims to appease the global lender and ensure the success of its bailout program, crucial for stabilizing Pakistan’s struggling economy. Key Takeaways: Economic Challenges Loom: […]