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The headline inflation based on Consumer Price Index (CPI) increased by 28.3 percent year on year (YoY) basis in January 2024, Pakistan Bureau of Statistics (PBS) revealed on Thursday.
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Pakistan faces a concerning economic setback as official data from the State Bank of Pakistan (SBP) reveals a significant decline of $78 million in the country’s weekly foreign exchange reserves.
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Karachi, January 29, 2024 – The Ministry of Finance in Pakistan has announced that the budget deficit for the first half of the fiscal year 2023-24 (July to December) has expanded to 2.3% of the Gross Domestic Product (GDP).
(more…)Karachi, January 29, 2024 – Analysts from Arif Habib Limited are forecasting a decline in the year-on-year (YoY) headline inflation rate for January 2024 to 27.3%.
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Karachi, January 27, 2024 – In a startling revelation, official data released by the State Bank of Pakistan (SBP) on Friday disclosed a staggering 161 percent surge in foreign profit and dividend repatriation from Pakistan in the first half of the fiscal year 2023-24.
(more…)Karachi, January 25, 2024 – Pakistan’s foreign exchange reserves witnessed a notable surge, recording an increase of $196 million in the week ended January 19, 2024.
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Islamabad, January 19, 2024 – Alarming data released by the Pakistan Bureau of Statistics (PBS) on Friday reveals that the inflation of essential prices in Pakistan has surged, nearing a staggering 45 percent.
(more…)Karachi, January 18, 2024 – Pakistan has experienced a decline in foreign exchange reserves by $112 million on a weekly basis, according to an announcement by the State Bank of Pakistan (SBP) on Thursday.
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Karachi, January 17, 2024 – The State Bank of Pakistan (SBP) released a report on Wednesday, revealing a remarkable 35 percent surge in foreign direct investment (FDI) into the country during the first half (July-December) of fiscal year 2023-24.
(more…)Karachi, January 17, 2024 – In a remarkable turn of events, Pakistan has witnessed a substantial contraction of 77% in its Current Account Deficit (CAD) during the first half (July – December) of the current fiscal year, according to data released by the State Bank of Pakistan (SBP).
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