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Islamabad, May 13, 2024 – Prime Minister Shehbaz Sharif reaffirmed his government’s unwavering commitment to economic advancement through extensive reforms and structural changes during an interview with Saudi state-owned television channel Al Arabiya on Monday.
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Pakistan is navigating a challenging economic landscape, implementing what they describe as “tough but necessary” decisions for the country’s long-term well-being.
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Karachi, May 10, 2024 – The International Monetary Fund (IMF) on Friday issued a warning that Pakistan faces “exceptionally high” downside risks to its economic stability.
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Pakistan observed a welcome decline in weekly inflation, with a decrease of 1.39 percent for the week ending May 9, 2024, compared to the prior week.
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Karachi, May 9, 2024 – Pakistan has seen a robust increase in foreign exchange reserves this week, with an infusion of $1.143 billion, boosting the total reserves to $14.459 billion as of May 3, 2024, according to data released by the State Bank of Pakistan (SBP).
(more…)Islamabad, May 8, 2024 – In a meeting held on Wednesday, Pakistan has made a strong appeal to the World Bank to broaden its development activities in the country by incorporating innovative financing mechanisms and boosting private sector engagement.
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Pakistan has emerged as a high-priority economic opportunity for Saudi Arabia, according to Deputy Investment Minister Ibrahim Almubarak. This sentiment was echoed at the recently concluded two-day Pakistan-Saudi Arabia Investment Conference held in Islamabad.
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Pakistan and Saudi Arabia on Saturday pledged to deepen their economic ties and increase Saudi investments in Pakistan.
(more…)Karachi, May 2, 2024 – Pakistan’s foreign exchange (forex) reserves have shown a modest increase, reaching $13.32 billion by the week ended April 26, 2024, according to the latest figures released by the State Bank of Pakistan (SBP).
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Islamabad, May 2, 2024 – Pakistan has witnessed a substantial narrowing of its trade deficit by 17 percent during the first ten months of the fiscal year 2024, according to the latest data released by the Pakistan Bureau of Statistics (PBS).
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