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Karachi, November 28, 2024 – Pakistan’s net foreign exchange (forex) reserves have risen by $108 million for the week ending November 22, 2024, according to the State Bank of Pakistan (SBP) report released on Thursday.
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Inflation in Pakistan for November 2024 is projected to fall to 4.7% year-on-year (YoY), a significant drop from October’s 7.2%, according to analysts at Arif Habib Limited. This represents the lowest inflation rate since April 2018, when it stood at 3.96%.
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Islamabad, November 27, 2024 – The finance ministry has expressed optimism about Pakistan’s economic recovery, citing improvements in key sectors and a positive outlook for the coming months.
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Karachi, November 26, 2024 – Foreign investors operating in Pakistan repatriated over $807 million under the head of profit and dividends during the first four months (July–October) of the fiscal year 2024-25, according to official data released on Tuesday.
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Islamabad, November 26, 2024 – Pakistan and the World Bank held discussions on Tuesday to develop a robust and transparent tax policy framework aimed at boosting revenue mobilization, improving compliance, and ensuring equitable taxation.
(more…)Karachi, November 21, 2024 – The State Bank of Pakistan (SBP) reported an increase of $29 million in its foreign exchange (forex) reserves for the week ending November 15, 2024, reflecting improving economic stability.
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Karachi, November 20, 2024 – Chief of Army Staff General Syed Asim Munir on Wednesday said the protection of Pakistan’s digital borders and the digital security of its people is the responsibility of the state.
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Islamabad, November 19, 2024 – The Economic Coordination Committee (ECC) of the Cabinet has approved a winter package designed to increase electricity demand while reducing the country’s reliance on natural gas during the colder months.
(more…)Karachi, November 19, 2024 – Pakistan’s headline inflation, based on the Consumer Price Index (CPI), is projected to drop to a 78-month low for November 2024, according to analysts at Topline Securities Limited.
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Islamabad, November 18, 2024 – Prime Minister Shehbaz Sharif on Monday expressed optimism about the country’s economic trajectory, asserting that Pakistan’s economy is on the path to stability. He attributed recent positive developments, including brisk trading in the stock market, to the government’s decisive steps aimed at reviving economic health. Shehbaz emphasized that foreign investment serves as a testament to growing international confidence in the government’s policies.
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