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Karachi, August 31, 2023 – Pakistan’s foreign exchange reserves have witnessed a decline of $77 million in just one week, according to a statement by the central bank on Thursday.
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Karachi, August 31, 2023 – The substantial increase in the prices of petroleum products and food items is poised to fuel inflation for August 2023.
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Karachi, August 28, 2023 – Foreign investors operating in Pakistan have repatriated a meager $2.1 million in July 2023, marking a staggering 87 percent plunge compared to the same month in the previous year.
(more…)Islamabad, August 25, 2023 – The Pakistan Bureau of Statistics (PBS) has reported a slight uptick in inflation by 0.05 percent for the week ending August 24, 2023.
(more…)Karachi, August 24, 2023 – The State Bank of Pakistan (SBP) reported a significant decrease in Pakistan’s foreign exchange reserves, citing a decline of $131 million for the week ending August 18, 2023.
(more…)Karachi, August 18, 2023 – Pakistan’s current account deficit has shown a remarkable reduction of 36 percent in July 2023, as unveiled by data released by the State Bank of Pakistan (SBP) on Friday.
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Islamabad, August 18, 2023 – The cost of wheat flour, a staple food for the masses in Pakistan, has experienced an unprecedented surge of over 132%.
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Islamabad, August 18, 2023 – Pakistan’s fiscal performance for the fiscal year 2022-23 was unveiled on Thursday, indicating a reduction in the budget deficit to 7.7 percent coupled with a notable increase in expenditures by more than 21 percent.
(more…)Karachi, August 17, 2023 – Pakistan’s foreign exchange reserves have witnessed a slight increase, reaching $13.38 billion as of the week ending August 11, 2023, according to a statement released by the State Bank of Pakistan (SBP) on Thursday.
(more…)Karachi, August 17, 2023 – Pakistan financial challenges have deepened as its total debt and liabilities surged by 29 percent, reaching a staggering Rs77 trillion in the fiscal year 2022-23, which concluded on June 30.
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