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Islamabad, May 2, 2024 – Pakistan has witnessed a substantial narrowing of its trade deficit by 17 percent during the first ten months of the fiscal year 2024, according to the latest data released by the Pakistan Bureau of Statistics (PBS).
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Karachi, May 2, 2024 – Pakistan’s fiscal landscape has shown significant volatility, as the nation’s fiscal deficit expanded by 27% year-on-year (YoY), reaching Rs 3.9 trillion in the first nine months of the fiscal year 2023-24, data from the Ministry of Finance revealed.
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Islamabad, May 2, 2024 – Pakistan’s headline inflation witnessed a significant reduction in April 2024, reaching a 23-month low of 17.34 percent. This marks a considerable decline from the 20.7 percent recorded in March 2024, and a sharp contrast to the 36.4 percent seen in April 2023.
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Karachi, April 30, 2024 – The State Bank of Pakistan (SBP) confirmed receiving $1.1 billion from the International Monetary Fund (IMF) on Tuesday.
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Islamabad, April 30, 2024 – According to the Ministry of Finance’s Economic Update and Outlook for April, released this Tuesday, Pakistan’s national economy is set for a strong recovery, evidenced by encouraging macroeconomic indicators that signal sustained progress and development in the coming fiscal year.
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Washington, DC – April 29, 2024 – In a significant boost for Pakistan’s economic stability, the Executive Board of the International Monetary Fund (IMF) approved an immediate disbursement of $1.1 billion.
(more…)Karachi, April 29, 2024 – A significant uptick has been observed in the repatriation of profits and dividends by foreign companies in Pakistan, with figures surging 256% in the period from July 2023 to March 2024.
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Riyadh, April 28, 2024 — In a significant step toward securing financial stability for Pakistan, Prime Minister Shehbaz Sharif met with International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Sunday to discuss a new loan program.
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Riyadh, April 28, 2024 – In a significant development aimed at accelerating socio-economic progress in Pakistan, Prime Minister Muhammad Shehbaz Sharif and Islamic Development Bank (IDB) President Dr. Muhammad Sulaiman Al Jasser have agreed to hasten the completion of various uplift projects throughout the country.
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KARACHI: In a candid address during the Members Convocation of the Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan), Jameel Ahmad, Governor of the State Bank of Pakistan (SBP), stressed the urgent need for unpopular yet necessary measures to bolster the nation’s economy.
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