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Moody’s Investors Service on Tuesday downgraded Pakistan’s rating, which is driven by assessment that country’s increasingly fragile liquidity and external position significantly raises default risks.
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KARACHI: Headline inflation based on Consumer Price Index (CPI) likely to make new highs and is expected to clock in at 30.5 per cent year on year (YoY) in February 2023
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KARACHI: The official foreign exchange reserves of State Bank of Pakistan (SBP) inched up by $65 million to reach $3.26 billion by week ended February 17, 2023, according to an official statement issued on Thursday.
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ISLAMABAD: The newly introduced mini-budget on Thursday became applicable as the President of Pakistan Dr. Arif Alvi signed the Finance Supplementary Bill 2023.
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ISLAMABAD: Finance Minister Ishaq Dar and Ambassador of the US to Pakistan Donald Blome on Wednesday discussed challenging economic environment of Pakistan.
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The federal government has firmly rejected a proposal for an amnesty scheme aimed at bolstering the inflow of dollars into the country.
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KARACHI: The inflow of foreign direct investment (FDI) into Pakistan has plunged by 44 per cent during first seven months (July – January) of fiscal year 2022-2023, according to data released by central bank on Tuesday.
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ISLAMABAD: Pakistan’s gold import bill soared by 107 per cent during first seven months (July – January) 2022-2023, according to data released by Pakistan Bureau of Statistics (PBS).
(more…)ISLAMABAD: Prices of essential items have soared by 38.42 per cent by week ended February 16, 2023 on year on year (YoY) basis, official data revealed on Friday.
(more…)KARACHI: Pakistan’s foreign exchange reserves have increased by $162 million to $8.70 billion by week ended February 10, 2023.
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