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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).
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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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Islamabad, December 11, 2023 – In a significant move to enhance economic ties and attract foreign investment, Caretaker Prime Minister Anwaar-ul-Haq Kakar announced the launch of a new visa regime for Pakistan on Monday.
(more…)Karachi, December 7, 2023 – Pakistan faced a significant setback in its economic indicators as it witnessed a substantial decline of $286 million in foreign exchange reserves for the week ending December 1, 2023.
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Islamabad, December 3, 2023 –Pakistan and Saudi Arabia have made substantial progress towards a Free Trade Agreement (FTA) by reaching a consensus on investment modalities.
(more…)Pakistan Bureau of Statistics (PBS) on Friday revealed that the headline inflation, measured by the Consumer Price Index (CPI), surged to a staggering 29.2 percent Year on Year (YoY) basis in November 2023.
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Islamabad, December 1, 2023 – Pakistan has reported a substantial contraction of 33.59% in its trade deficit during the initial five months (July – November) of the fiscal year 2023-2024, as per official data released by the Pakistan Bureau of Statistics (PBS) on Friday.
(more…)Karachi, November 30, 2023 – Pakistan experienced an increase of $91 million in its foreign exchange reserves for the week ending November 24, 2023.
(more…)Islamabad, November 30, 2023 – The Kingdom of Saudi Arabia, through the Saudi Fund for Development (SFD), has announced the extension of a USD 3 billion deposit with the State Bank of Pakistan (SBP) for an additional year.
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