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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.
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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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Islamabad, January 13, 2024 – Alarming economic indicators continue to surface in Pakistan as the Sensitive Price Indicator (SPI) reports a staggering 44.16 percent year-on-year (YoY) inflation for the week ending January 11, 2024.
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Islamabad, January 12, 2024 – Pakistan took a significant step towards bolstering the growth and development of Small and Medium Enterprises (SMEs) with the launch of the National Credit Guarantee Company Limited (NCGCL).
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Karachi, January 12, 2024 – The International Monetary Fund (IMF) has advised Pakistan to enhance revenue collection from non-filers to support social and development initiatives.
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Karachi, January 11, 2024 – In a significant development, the Executive Board of the International Monetary Fund (IMF) has granted approval for an immediate disbursement of $700 million to Pakistan.
(more…)Karachi, January 11, 2024 – Pakistan has experienced a notable increase of $36 million in foreign exchange reserves, reaching $13.257 billion by the week ending January 5, 2024, as reported by the State Bank of Pakistan (SBP) on Thursday.
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Karachi, January 11, 2024 – The federal government has borrowed an unprecedented Rs 4.28 trillion during the first half (July – December) of the current fiscal year 2023-24, marking a substantial surge compared to the corresponding period last year.
(more…)Islamabad, January 5, 2024 – The inflation rate in essential items has surged to an alarming 43 percent year on year (YoY) as of the week ending January 4, 2024, according to the latest data from the Pakistan Bureau of Statistics (PBS).
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