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Islamabad, April 11, 2024 – The Asian Development Bank (ADB) has released its flagship Asian Development Outlook (ADO), forecasting a GDP growth rate of 1.9 percent for Pakistan during the fiscal year 2023-24.
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The State Bank of Pakistan (SBP) has revealed an ambitious plan for government borrowing from banks, aiming to secure approximately Rs 5 trillion during the last quarter of the fiscal year 2023-24.
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The International Monetary Fund (IMF) is poised to make a crucial decision regarding Pakistan’s financial assistance, with the Executive Board set to deliberate on the approval of a $1.1 billion tranche by the end of April.
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Karachi, April 4, 2024 – Pakistan has experienced a decline of $49 million in its foreign exchange reserves for the week ending March 29, 2024, according to official data released on Thursday.
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Islamabad, April 4, 2024 – Pakistan has expressed its intention to enter into another loan program with the International Monetary Fund (IMF) to strengthen and consolidate its economy.
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Karachi, April 1, 2024 – Pakistan saw a significant decline in headline inflation based on the Consumer Price Index (CPI) in March 2024, marking a 21-month low as it stood at 23.68 percent year on year (YoY).
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Islamabad, April 1, 2024 – Official data released on Monday revealed that Pakistan’s trade deficit widened significantly by 56.30 percent on a year-on-year basis in March 2024, highlighting ongoing challenges in the country’s trade balance.
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Islamabad, April 1, 2024 – Official data released on Monday revealed that Pakistan’s headline inflation surged by 20.7 percent year on year (YoY) in March 2024, reflecting ongoing challenges in the country’s economic landscape.
(more…)Karachi, March 28, 2024 – Pakistan has experienced a notable increase of $37 million in its foreign exchange reserves for the week ending March 22, 2024, according to official data released on Thursday.
(more…)Karachi, March 27, 2024 – The repatriation of profit and dividends by foreign investors operating in Pakistan has witnessed a remarkable surge, soaring by 237 percent during the first eight months (July – February) of the fiscal year 2023-24, according to official data released on Wednesday.
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