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Karachi, September 5, 2024 – The State Bank of Pakistan (SBP) reported an increase of $34 million in its foreign exchange reserves for the week ending August 30, 2024.
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Islamabad, September 4, 2024 – In a bid to bolster foreign investments in Pakistan, Finance Minister Senator Muhammad Aurangzeb held a strategic meeting with a delegation of international investors. The delegation, led by Chief Executive Officer (CEO) of J.P. Morgan Pakistan, Amin Mohammad Khowaja, aimed to explore fixed-income investment opportunities in the country’s burgeoning economy.
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Islamabad, September 3, 2024 — In a resolute declaration on Tuesday, Finance Minister Muhammad Aurangzeb categorically affirmed that the government will not backtrack on the Tajir Dost Scheme, a key initiative aimed at integrating wholesalers, retailers, and distributors into the formal economy.
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Islamabad, September 2, 2024 – The headline inflation rate in Pakistan, measured by the Consumer Price Index (CPI), recorded its lowest level in 34 months in August 2024, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday.
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Karachi, August 30, 2024 – The Finance Ministry has projected a decline in Pakistan’s headline inflation, forecasting it to fall within the range of 9.5-10.5% for August 2024. This trend is expected to continue, with inflation anticipated to ease further to 9-10% by September 2024.
(more…)Karachi, August 29, 2024 – Analysts at Insight Research have forecasted a notable decrease in headline inflation for August 2024, with projections suggesting that it may drop to single digits for the first time since October 2021.
(more…)Karachi, August 29, 2024 – The State Bank of Pakistan (SBP) has reported a modest increase in its foreign exchange reserves, marking a $111 million rise for the week ending August 23, 2024. This uptick brings the total reserves held by the central bank to $9.403 billion, up from $9.292 billion the previous week.
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Moody’s Investors Service has upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings from Caa3 to Caa2.
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KARACHI, August 16, 2024 – Pakistan government debt has escalated to a staggering Rs 69 trillion by the end of June 2024, marking a significant rise over the last fiscal year, according to data released by the State Bank of Pakistan (SBP) on Thursday.
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Karachi, August 12, 2024: In a significant boost to international economic presence of Pakistan, Federal Minister for Commerce Jam Kamal Khan announced on Sunday that 800 companies from 70 countries are set to invest in the country. This influx is anticipated to enhance Pakistan’s stature in global markets, according to a press release issued by the ministry.
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