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KARACHI: Former Finance Minister Miftah Ismail has expressed concerns over Pakistan’s fiscal situation, indicating a potential default by November 2023.
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Karachi, May 25, 2023: Pakistan’s foreign exchange reserves witnessed a decline of $206 million, reaching $9.731 billion by the week ended May 19, 2023, according to the State Bank of Pakistan (SBP).
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Pakistan’s economy faces a significant challenge as analysts at Arif Habib Limited predict that the country’s headline inflation will reach historic levels in May 2023.
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ISLAMABAD: Pakistan’s National Accounts Committee (NAC) has recently released the provisional National Accounts for the fiscal year 2022-2023 (FY23).
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Prime Minister Shehbaz Sharif has directed his economic team to focus on relief measures and economic stability in the upcoming budget 2023-2024.
(more…)According to analysts at JS Global, Pakistan’s headline inflation based on the Consumer Price Index (CPI) is expected to reach a new peak in May 2023, despite a reduction in petroleum prices during the month.
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Pakistan has experienced a significant surge in wheat imports, totaling $1.05 billion during the period from July to April in the fiscal year 2022-2023.
(more…)Pakistan’s foreign exchange reserves for the week ended May 12, 2023, have decreased by $52 million, reaching $9.938 billion, the State Bank of Pakistan (SBP) said on Thursday.
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Prime Minister Shehbaz Sharif and Iranian President Seyed Ebrahim Raisi on Thursday came together to inaugurate a significant development project, marking a new chapter in the bilateral relations between Pakistan and Iran.
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Lamaison Developers Pvt Ltd., a real estate investor, has presented an investment proposal to complete the Islamabad City master plan based on the 1960 development plan.
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