Pakistan Bureau of Statistics (PBS) on Friday revealed that the headline inflation, measured by the Consumer Price Index (CPI), surged to a staggering 29.2 percent Year on Year (YoY) basis in November 2023.
Islamabad, December 1, 2023 – Pakistan has reported a substantial contraction of 33.59% in its trade deficit during the initial five months (July – November) of the fiscal year 2023-2024, as per official data released by the Pakistan Bureau of Statistics (PBS) on Friday.
Karachi, November 30, 2023 – Pakistan experienced an increase of $91 million in its foreign exchange reserves for the week ending November 24, 2023.
Islamabad, November 30, 2023 – The Kingdom of Saudi Arabia, through the Saudi Fund for Development (SFD), has announced the extension of a USD 3 billion deposit with the State Bank of Pakistan (SBP) for an additional year.
Karachi, November 29, 2023 – Analysts at Insight Research have predicted that Pakistan’s headline inflation for November 2023 is likely to surge to a staggering 28.6%, catching both industry experts and the State Bank of Pakistan (SBP) off guard.
Islamabad, November 27, 2023 –Pakistan and the United Arab Emirates (UAE) officially sealed a series of Memoranda of Understanding (MoUs) on Monday, marking a significant step towards a strategic and economic alliance.
Karachi, November 27, 2023 – Foreign companies operating in Pakistan have repatriated a staggering $485.40 million in profits and dividends during the first four months (July – October) of the fiscal year 2023-2024.
ISLAMABAD, November 27, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar has underscored the pressing need for comprehensive reforms in the tax system as a crucial step towards fostering economic development in the country.
Karachi, November 26, 2023 – The State Bank of Pakistan (SBP) has declared its intention to implement a flexible inflation targeting regime. This decision, outlined in the recently released five-year plan, underscores the SBP’s commitment to prioritizing price stability as the primary objective of monetary policy.
Islamabad, November 24, 2023 – Pakistan is facing a severe economic challenge as the inflation rate, based on prices of essential commodities, has surged beyond 41 percent.