The World Bank has cancelled its approved locust emergency and food security project of $200 million, citing the performance of the project as highly unsatisfactory. Informed sources of Dawn News beli­eve the project was cancelled due to irregular appointments mainly.

Next IMF Mission seems unlikely before elections and the formation of the next government.

The govt approved the deployment of the Army for the holding of the upcoming Feb 8 general elections. Security improvements are much needed even without the Army. In 2018, the finance ministry paid Rs 9 billion to the Pakistan Army to provide security during the elections.

Positive Triggers!

National Savings Profit Rates down by 12-46bps W.E.F Jan 26, 2024 #Savings #ProfitRate #Pakistan

🇵🇰 Pakistan rupees per US Dollar 1st of January, 2018: 111 1st of January, 2019: 139 1st of January, 2020: 155 1st of January, 2021: 158 1st of January, 2022: 177 1st of January, 2023: 227 Now: 279

BREAKING: Pakistan former PM Imran Khan sentenced to 10 years prison

🇵🇰 Pakistan top 5 risks in 2024: 1. Economic downturn 2. Energy supply shortage 3. Extreme weather events 4. Inflation 5. Misinformation and disinformation Note: top five risks identified by the Executive Opinion Survey, World Economic Forum 2024

Elections in Pakistan:— Pakistani govt has banned official website of former PM Imran Khan's PTI party. — Website, insaf(.)pk, was banned after party uploaded the evidences of elections being rigged against it .

According to the proposed rationalisation plan, tariff for the industry will be slashed between Cents 8.5-11.75/kWh from cents 14 per unit through subsidy neutral proposal. However, protected categories of consumers will be... brecorder.com/news/40288312?…

World's biggest economies in 2075, projected by Goldman Sachs: 🇨🇳 China: $57 trillion 🇮🇳 India: $52.5 trillion 🇺🇸 United States: $51.5 trillion 🇮🇩 Indonesia: $13.7 trillion 🇳🇬 Nigeria: $13.1 trillion 🇵🇰 Pakistan: $12.3 trillion 🇪🇬 Egypt: $10.4 trillion 🇧🇷 Brazil: $8.7 trillion

World's biggest economies in 2075, projected by Goldman Sachs: 🇨🇳 China: $57 trillion 🇮🇳 India: $52.5 trillion 🇺🇸 United States: $51.5 trillion 🇮🇩 Indonesia: $13.7 trillion 🇳🇬 Nigeria: $13.1 trillion 🇵🇰 Pakistan: $12.3 trillion 🇪🇬 Egypt: $10.4 trillion 🇧🇷 Brazil: $8.7 trillion

What's harder?

There are speculations that the upcoming #Budget may not haunt the salaried class like it always did, in fact #Islamabad may reduce the tax by 2.5% for all the slabs in #June, providing some relief. #Pakistan #Karachi

#BREAKING: India's largest spy satellite launch failed today due to a cyber attack, rocket exploded mid course.

📉 #PAKISTAN SEES BIGGEST DROP 🔻IN DEFAULT RISK🇵🇰 According to Bloomberg, Pakistan’s CDS-implied probability of default dropped by over 12% in the past 12 months — the biggest improvement globally 🌍 ✅ Ahead of #Argentina, #Tunisia, #Nigeria & South #Africa ✅ Global

Billion-Dollar Club Expands • The PSX continues to see a strong surge, with 11 stocks now sporting market caps above USD 1bn, up from just 6 in Dec’23, a clear sign of investor optimism. • Topping the chart, OGDC now commands a market cap of USD 3.35bn, nearly doubling in