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ISLAMABAD, April 26, 2024 – The Pakistan Bureau of Statistics (PBS) has reported a notable reduction in the prices of several essential commodities for the week ending on April 25, 2024, offering some relief to consumers amidst ongoing economic challenges.
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Karachi, April 25, 2024 – Pakistan’s total foreign exchange reserves have experienced a notable decline, settling at $13.28 billion, as revealed by the latest figures from the State Bank of Pakistan (SBP).
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Islamabad, April 24, 2024 – In a landmark move to strengthen economic ties, Pakistan and Iran have agreed to expedite the finalization of a Free Trade Agreement (FTA).
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Karachi, April 22, 2024 – Pakistan has witnessed a notable decline in Foreign Direct Investment (FDI) during the first nine months of fiscal year 2023-24, with a 10 percent decrease compared to the same period last year, as reported by the State Bank of Pakistan (SBP).
(more…)Islamabad, April 22, 2024 – In a significant development aimed at bolstering economic ties between neighboring countries, Pakistan and Iran agreed on Monday to enhance bilateral trade and expand business activities in their border regions.
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Karachi, April 22, 2024 – In a remarkable economic turn, Pakistan has registered a current account surplus of $619 million for the month of March 2024, as announced by the State Bank of Pakistan (SBP) on Monday.
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In a crucial meeting held on Saturday, Finance Minister of Pakistan Muhammad Aurangzeb engaged with representatives from two of the world’s leading credit rating agencies, S&P Global and Fitch Ratings.
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In a significant diplomatic move, the Finance Ministers of Pakistan and China convened in Washington D.C., underscoring the deep-rooted ties between the two nations and their commitment to further enhancing cooperation on various fronts.
(more…)Islamabad, April 19, 2024 – Pakistan has experienced a significant surge of 28.54 percent in the inflation of essential items on a year-on-year (YoY) basis, according to official data released by the Pakistan Bureau of Statistics (PBS) on Friday.
(more…)Finance Minister of Pakistan, Muhammad Aurangzeb, has unequivocally ruled out any substantial rupee devaluation in anticipation of forthcoming discussions with the International Monetary Fund (IMF).
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