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As the US dollar depreciates, PSX observes mixed patterns.

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Significant swings occurred today on the Pakistan Stock Exchange (PSX), as the KSE-100 Index showed erratic trading conditions.

The KSE-100 Index increased by 100 points to reach 75,620 points as the market began trading positively. The index later fell by 170 points, settling at 75,345 points, indicating that the rising impetus was fleeting.

An major decline in the index resulted from the market’s inability to maintain its early optimism. Experts blame a mix of outside economic causes and market speculation for this volatility.

Concurrently, there was a minor depreciation of the US dollar in relation to the Pakistani rupee in the interbank market. At Rs278.20, the dollar was sold, indicating a 10-paisa decline. In the days ahead, this depreciation may have an even greater impact on market movements given the persistent economic difficulties.

These patterns are observed by the market at a time when the International Monetary Fund (IMF) predicts that Pakistan’s trade deficit will rise significantly in the upcoming fiscal year, indicating difficulties for the nation’s economic stability. Pakistan’s imports and exports are expected to rise in the upcoming fiscal year, according to the Fund.

Pakistan’s trade imbalance is expected to increase by about $4.165 billion, based on forecasts from the IMF. According to sources, there could be a significant increase in both imports and exports in the upcoming fiscal year, meaning that the total trade deficit could exceed $27.92 billion.

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Islamic Sukuk Bonds: Government Is Expected To Begin Bond Auction Next Week

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There is now more positive economic news for the people of Pakistan. The government is anticipated to begin the Sukuk Islamic Bond auction next week, after the central bank’s announcement of a large drop in the policy rate.

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SIFC Encourages Green Tourism: Reforming Visas to Increase Investment

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Enhancing investment in the tourism sector, Green Tourism Pakistan’s initiative has received backing from the Special Investment Facilitation Council.

Visa-On-Arrival for 126 countries, Visa-Free Entry for Gulf Cooperation Council nations, and 24-hour expedited visa processing are some of the main features of the Green Tourism Visa Policy.

It is anticipated that these endeavors will draw in about 80 million dollars in foreign direct investment and 8.3 billion rupees in domestic investment.

Green Tourism Private Limited has introduced hunting resorts in Naltar, Hunza, and Skardu, along with four- and five-star city hotels, to improve the tourism experience.

In the first phase of the project, 17 of the 78 areas have seen the start of development activity.

Approved is a central authority for Green Tourism that will supervise the growth of Air Operations.

To promote Religious Tourism, extra precautions have been taken to guarantee the security of visitors from all religions, including Sikhs and Buddhists.

Furthermore, in order to improve the quality of the tourist experience, the green guide quality program has been introduced to supply top-notch tour guides.

There is now a deluxe bus excursion from Islamabad to Peshawar that promotes local culture.

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July 2024 export data from Pakistan shows a significant rise.

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The Strategic Investment Facilitation Council (SIFC) has been instrumental in improving Pakistani products’ access to international markets, as seen by the significant surge in exports from the country at the start of the 2024–25 fiscal year.

With a 7.26% rise over the same month the previous year, July 2024 exports to the US were $476.017 million. After increasing by 7.74% annually, the United Arab Emirates emerged as the second-largest export destination.

The third and fourth places were occupied by exports to the UK ($183.303 million) and China ($60.100 million). A substantial increase in exports to Afghanistan was recorded in July of this year, rising from $46.262 million to $88.065 million, largely due to successful anti-smuggling efforts.

With a combined export volume of $553.951 million, more important export destinations included Germany, the Netherlands, Italy, Spain, Saudi Arabia, and Turkey.

A bright future for the national economy is suggested by the growing confidence major international markets have in Pakistani exports. Through the efforts of SIFC and the government, this greater access to global markets has been made possible.

Pakistan’s economy is predicted to remain stable as a result of the export growth that SIFC has enabled.

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