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Karachi, October 26, 2023 – Pakistan has announced a significant budget deficit of Rs 963 billion for the first quarter of the fiscal year 2023-24, highlighting the financial challenges the country faces.
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Karachi, October 23, 2023 – The State Bank of Pakistan (SBP) has released its Annual Report on the State of Pakistan’s Economy for the fiscal year 2022-23, projecting a GDP growth rate of 2 to 3 percent for the fiscal year 2023-24.
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Karachi, October 19, 2023 – Pakistan has reported a substantial contraction in its current account deficit (CAD), with a remarkable 58 percent reduction during the first quarter of fiscal year 2023-24.
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Karachi, October 19, 2023 – The State Bank of Pakistan (SBP) has reported a noteworthy increase in its weekly foreign exchange reserves, providing a glimmer of positive news amidst concerns about the country’s overall foreign exchange situation.
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Karachi, October 13, 2023 – Pakistan recent policy mix has been strategically designed to target macroeconomic imbalances and achieve economic stabilization.
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October 2023 Sees Second Consecutive Week of Inflationary Trends
Karachi, October 13, 2023 – Pakistan has experienced a continued surge in inflation for the second consecutive week of October 2023, despite a significant reduction in petroleum prices during the first half of the month.
(more…)Karachi, October 12, 2023 – The State Bank of Pakistan (SBP) reported a notable weekly increase of $31 million in its foreign exchange reserves, according to official data released on Thursday.
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Islamabad, October 12, 2023 – The Central Directorate of National Savings (CDNS) has achieved its target of Rs 420 billion in fresh bonds for the current fiscal year, covering the period from July 1 to October 10, 2023.
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Islamabad, October 12, 2023 – Pakistan is looking forward to a bumper cotton harvest in the 2023-24 season, with preliminary estimates indicating a substantial increase in production.
(more…)Islamabad, October 6, 2023 – Pakistan has reported a significant surge in inflation for essential items, with a staggering increase of 37.07 percent, primarily driven by a massive 118 percent rise in electricity charges, according to data released by the Pakistan Bureau of Statistics (PBS) on Friday.
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