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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.
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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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Islamabad, August 12, 2023 – The recent rise in petroleum prices has caused the costs of essential items to surge, as reported by the Pakistan Bureau of Statistics (PBS).
(more…)Karachi, August 10, 2023 – Pakistan’s latest foreign exchange reserves have experienced a notable decline, reaching $13.34 billion for the week ending on August 4, 2023, as reported by the State Bank of Pakistan (SBP) on Thursday.
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Islamabad, August 7, 2023 – Pakistan’s Prime Minister Muhammad Shehbaz Sharif announced the government’s commitment to fully implement one window operations to facilitate Chinese investors in the country, especially those involved in the China Pakistan Economic Corridor (CPEC).
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Islamabad, August 4, 2023 – Pakistan is facing an alarming surge in the prices of essential consumer items, with a staggering 30% increase Year on Year (YoY) by the week ended August 3, 2023.
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