Jun 9

SBP’s forex reserves slip 2½-year low to $9.226 billion

KARACHI: The official foreign exchange reserves of the State Bank of Pakistan (SBP) have slipped 2½-year low to $9.226 billion by week ended June 03, 2022, according to official statistics released on Thursday. On weekly basis the official reserves of the central bank fell by $497 million to $9.226 billion by week ended June 03, […]

by Faisal Shahnawaz

Per capita income in Pakistan rises to $1,798 in 2021-22

Jun 9

Finance, National

Per capita income in Pakistan rises to $1,798 in 2021-22

ISLAMABAD: The per capita income in Pakistan has increased to $1,798 during fiscal year 2021/2022, according to Economic Survey of Pakistan. The Economic Survey of Pakistan 2021/2022 launched on Thursday. According to the survey the per capita income of the country improved to $1,798 during the fiscal year 2021/2022 as compared with $1,676 in the […]

by Mrs. Anjum Shahnawaz

Pakistan achieves 5.97% GDP growth in 2021/2022: Economic Survey

Jun 9

Finance, Top stories

Pakistan achieves 5.97% GDP growth in 2021/2022: Economic Survey

ISLAMABAD: Pakistan has achieved the GDP growth at 5.97 per cent in the fiscal year 2021/2022. However the economy also started to show signs of excess demand and overheating through an increase in the import volume of capital and consumer goods, energy, and non-energy imports. This was revealed by Economic Survey of Pakistan 2021/2022 launched […]

by Mrs. Anjum Shahnawaz

Jun 7

Budget 2022-2023, Finance, Top stories

No increase in petroleum prices: Miftah

ISLAMABAD: Finance Minister Miftah Ismail on Tuesday strongly rejected the reports attributing him regarding increase in petroleum prices in Pakistan. “In the pre-budget seminar I never even spoke about petroleum prices. Channels running these tickers are doing a disservice to their viewers. There will be no increase in prices today (June 7, 2022) and there […]

by Mrs. Anjum Shahnawaz

Prices of essential items rise by 20% on first POL rate jump

Jun 3

Finance, National, Top stories

Prices of essential items rise by 20% on first POL rate jump

ISLAMABAD: The prices of essential items recorded an increase of 20 per cent owing to first jump in petroleum prices announced a week ago, official documents revealed on Friday. The inflation based on Sensitive Price Indicator (SPI) has increased by 20.04 per cent on year on year basis by week ended June 02, 2022, according […]

by Mrs. Anjum Shahnawaz

Pakistan’s trade deficit balloons $43.33 bn in 11 months

Jun 2

Finance, Top stories

Pakistan’s trade deficit balloons $43.33 bn in 11 months

ISLAMABAD: Pakistan’s trade deficit ballooned to $43.33 billion during first 11 months (July – May) of fiscal year 2021/2022 owing to massive rise in import bill during the same period. According to trade data released by Pakistan Bureau of Statistics (PBS) on Thursday, the trade deficit widened by 58 per cent to $43.334 billion during […]

by Mrs. Anjum Shahnawaz

SBP’s forex reserves fall two-year low to $9.72 billion

Jun 2

Finance, Top stories

SBP’s forex reserves fall two-year low to $9.72 billion

KARACHI: The official foreign exchange reserves of the State Bank of Pakistan (SBP) fell two years low to $9.72 billion by week ended May 27, 2022, a statement said on Thursday. The SBP foreign exchange reserves were at $10.089 billion a week ago i.e. May 20, 2022. The central bank said that its reserves were […]

by Mrs. Anjum Shahnawaz

Moody’s changes Pakistan’s outlook to negative

Jun 2

Finance, Top stories

Moody’s changes Pakistan’s outlook to negative

SINGAPORE: Moody’s Investors Service on Thursday June 2, 2022 affirmed the Government of Pakistan’s B3 local and foreign currency issuer and senior unsecured debt ratings, the (P) B3 senior unsecured MTN programme rating, and changed the outlook to negative from stable. A statement issued by the Moody’s stated that the decision to change the outlook […]

by Mrs. Anjum Shahnawaz

Pakistan’s headline inflation up by 13.8% in May 2022

Jun 1

Finance, Top stories

Pakistan’s headline inflation up by 13.8% in May 2022

ISLAMABAD: Pakistan’s headline inflation based on Consumer Price Index (CPI) increased by 13.8 per cent in May 2022 on Year on Year (YoY) basis as compared with 13.4 per cent in the previous month, Pakistan Bureau of Statistics (PBS) said on Wednesday. The latest inflation number is also higher when compared with 10.9 per cent […]

by Mrs. Anjum Shahnawaz

Pakistan’s high growth threatened by fiscal imbalances

May 31

Finance, Top stories

Pakistan’s high growth threatened by fiscal imbalances

ISLAMABAD: The ministry of finance on Tuesday said the high economic growth of Pakistan may not sustainable due to macroeconomic imbalances. In its monthly review, the ministry said Pakistan is currently facing several severe challenges: accelerating inflation, high external deficits, exchange rate depreciation, declining foreign exchange reserves and mounting uncertainty. READ MORE: Raw materials excluded […]

by Mrs. Anjum Shahnawaz