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Karachi, November 20, 2023 – The Current Account Deficit (CAD) has experienced a remarkable contraction of 66 percent during the first four months (July – October) of the fiscal year 2023-24, according to data released by the State Bank of Pakistan (SBP).
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Islamabad, November 17, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar chaired the 7th meeting of the Apex Committee of the Special Investment Facilitation Council (SIFC) on Thursday, directing all stakeholders to actively pursue SIFC’s initiatives through collaboration for short to medium-term gains and laying the groundwork for long-term endeavors in the national interest.
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Karachi, November 16, 2023 – Dr. Shamshad Aktar, the Finance Minister of Pakistan, has asserted that Pakistan has the potential to become a $2 trillion economy by 2047 through the implementation of robust economic and sectoral policies.
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Karachi, November 16, 2023 – The State Bank of Pakistan (SBP) on Thursday said that the country’s foreign exchange reserves have witnessed a decrease of $78 million due to external debt payments.
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Washington, DC, November 15, 2023 – The International Monetary Fund (IMF) disclosed on Wednesday that it has successfully reached a staff-level agreement (SLA) with Pakistani authorities on the first review of their stabilization program. The program, backed by the IMF’s $3 billion Stand by Arrangement (SBA), aims to bolster Pakistan’s economic stability.
(more…)Karachi, November 10, 2023 – Foreign exchange reserves of Pakistan have witnessed a positive upturn, increasing by $37 million to reach $12.61 billion by the week ended November 3, 2023, as per official data released by the State Bank of Pakistan (SBP) on Friday.
(more…)Karachi, November 10, 2023 – Pakistan has experienced a significant uptick of 26 percent in its total debt during the first quarter (July – September) of the current fiscal year 2023-24, as revealed by official data released on Friday.
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