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Islamabad, January 1, 2024 – Pakistan is grappling with an alarming surge in inflation as the Consumer Price Index (CPI) records a staggering Year on Year (YoY) increase of 29.7 percent in December 2023.
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Karachi, December 28, 2023 – The State Bank of Pakistan (SBP) reported a significant uptick in its official foreign exchange reserves, recording a noteworthy increase of $852 million for the week ending December 22, 2023.
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Karachi, December 28, 2023 – In the first five months (July – November) of fiscal year 2023-24, foreign investors have withdrawn $532 million from Pakistan under the category of profit and dividends, according to data released by the State Bank of Pakistan (SBP).
(more…)Karachi, December 28, 2023 – Analysts at Arif Habib Limited have projected that the headline inflation for December 2023 is likely to clock in at 28.4 percent, indicating a slight deceleration from the previous month’s figure.
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Islamabad, December 23, 2023 – The Ministry of Finance in Pakistan has vehemently denied recent reports suggesting delays in the disbursement of government employee salaries and the release of funds for crucial development projects.
(more…)Karachi, December 21, 2023 – Pakistan is grappling with a significant setback in its economic landscape as official data reveals a notable decline of $138 million in foreign exchange reserves within a week, primarily attributed to external debt repayment.
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Karachi, December 18, 2023 – Foreign Direct Investment (FDI) into Pakistan recorded a substantial growth of 12 percent, reaching $131.4 million in November 2023 on a Year-on-Year (YoY) basis.
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Karachi, December 18, 2023 – Pakistan has witnessed a significant contraction of 64.46 percent in its Current Account Deficit (CAD) during the first five months (July – November) of the fiscal year 2023-24, according to data released by the State Bank of Pakistan (SBP) on Monday.
(more…)Islamabad, December 15, 2023 – Pakistan weekly inflation surged by a staggering 43 percent on a year-on-year basis by December 14, 2023, according to official statistics released by the Pakistan Bureau of Statistics (PBS).
(more…)Karachi, December 14, 2023 – Pakistan’s foreign exchange reserves witnessed a notable increase of $99 million in the week ending December 8, 2023, signaling a positive development for the country’s economic indicators.
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