“The institutional investors are paying close attention to bitcoin as many who got in last year are now losing money on their investment,” an analyst added.
Economy
He went on to say that the Kingdom aims to host 300 million passengers, and five million tons of freight reaching 250 destinations by 2030.
The ban on the commodity’s export is aimed at stabilising its price in the country.
Analysts are of the opinion that the government would have to enhance petroleum and electricity prices ahead of fresh talks with the IMF to pave the way for seventh review of the economy of the country.
In the first 10 months (July 2021 to April 2022) of this fiscal year, the import bill increased 46.4pc, to $65.5 billion from $44.7 billion over the same period last year. Thus, the trade deficit has increased by $20.70 billion in comparison with the corresponding period of the last financial year.
Ministry of Finance has reported these developments in its Monthly Economic Updates & Outlook in April-2022, issued on Friday (April 29).
Pakistan’s exports for goods and services are projected at $37.8 billion for 2022 and $40.8 billion for 2023 compared to $31.5 billion in 2021. Imports of goods and services are projected at $85 billion for 2022 and $86.5 billion for 2023 compared to $61.7 billion in 2021.
The FSC set a deadline of 31 December 2027 to fully implement court’s order on elimination of interest from the country and said that the government could also implement the decision prior to the deadline.