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The State Bank of Pakistan (SBP) has reported a substantial increase of 58 percent in the repatriation of profits and dividends by foreign companies operating in Pakistan during the first half of the current fiscal year.
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The eagerly anticipated first meeting of the reconstituted Ninth National Finance Commission (NFC) is scheduled to take place today, with discussions focusing on the current fiscal position of the country.
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SBP’s forex reserves have depleted by $265 million to reach $6.636 billion, according to official data released on Thursday.
(more…)The current account deficit (CAD) has significantly narrowed by 4.43 percent during the first half of the current fiscal year.
(more…)KARACHI: Pakistan’s State Bank of Pakistan (SBP) has reported a decline in its official foreign exchange reserves, which have fallen below $7 billion, according to an official statement released on Thursday.
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Pakistan is hoping major discovery of oil and gas in offshore drilling by April of this year, according to a statement of the petroleum minister.
(more…)The State Bank of Pakistan (SBP) has reported a significant decrease in the inflow of Foreign Direct Investment (FDI) into Pakistan during the first half of the current fiscal year, signaling a challenging economic environment.
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In Pakistan, the prices of essential items have witnessed a more rapid increase for lower income groups earning up to Rs8,000 per month in comparison to other income segments.
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KARACHI: Finance Minister Asad Umar has confirmed that the planned mini budget will be unveiled on January 23, 2019. This update came during his visit to the Karachi Chamber of Commerce and Industry (KCCI), where he elaborated on the government’s intentions behind this financial move.
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