Pakistan is set to extend a six-month pause in interest-rate increases as inflation eases and the government prepares to tighten fiscal policy amid concern the killing of Osama bin Laden will lead to a cut in U.S. aid.
Pakistan cut taxes and raised government salaries in an election-year budget that risks missing a target to narrow the deficit from a three-year high.
Pakistan’s rupee jumped 3.8 percent this week, its biggest five-day advance since 2000, as a rebound in the nation’s foreign reserves won confidence.
Byco Petroleum Pakistan Ltd., the Karachi-based refiner that posted three years of losses, expects to return to profit next year as new plants start.
Pakistan’s central bank may cut interest rates for a second straight meeting, seeking to revive growth in an economy battered by terrorism and floods.
"There is only one investor ready to invest freely with open hands in Pakistan: China."
- Saad Khan on Nov 06, 2014