Islamabad, April 19, 2024 – Pakistan has experienced a significant surge of 28.54 percent in the inflation of essential items on a year-on-year (YoY) basis, according to official data released by the Pakistan Bureau of Statistics (PBS) on Friday.
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Pakistan Registers $68 Million Decline in Weekly Forex Reserves
Karachi, April 18, 2024 – Pakistan’s economic landscape experienced a notable shift as the State Bank of Pakistan (SBP) reported a significant decline of $68 million in foreign exchange reserves for the week ending April 12, 2024.
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Pakistan Anticipates New IMF Loan Deal by June-end
Pakistan is poised to secure a new loan deal with the International Monetary Fund (IMF) by the end of June or early July, according to the country’s Finance Minister for Finance and Revenue, Muhammad Aurangzeb.
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Pakistan Blocks Mobile Phone SIMs Issued on Expired CNICs
In a bid to enhance security measures and streamline service delivery, Pakistan has taken a significant step by deciding to block SIM cards of mobile phones associated with expired or invalid Computerized National Identity Cards (CNICs).
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Bank Deposits in Pakistan Cross Rs28 Trillion, Making New High
Karachi, April 18, 2024 – In a historic milestone for Pakistan’s financial landscape, bank deposits have soared to unprecedented levels, surpassing the Rs 28 trillion mark for the first time in history.
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Pakistan to Present Budget 2024-25 Aiming Relief to Common Men
Pakistan is gearing up to unveil its federal budget for the fiscal year 2024-25, with a primary focus on alleviating the burdens faced by the common populace amidst soaring inflation rates.
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PSX Records Three-Fold Profit Growth in Nine Months
The Pakistan Stock Exchange (PSX) has announced a remarkable three-fold surge in profit after tax for the nine-month period ending March 31, 2024, underscoring a significant upturn in its financial performance.
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Pakistan Experiences 37% Drop in Car Sales During 9MFY24
Pakistan has encountered a substantial 37 percent decrease in domestic car sales during the initial nine months of the fiscal year 2023-24, according to official data disclosed on Wednesday.
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SBP Slaps Banks with Rs 776 Million Penalty in 1Q of 2024
Karachi, April 17, 2024 – The State Bank of Pakistan (SBP) has wielded its regulatory authority, imposing a hefty penalty of Rs 776 million on several banks and an exchange company for breaching regulations during the first quarter of 2024, which ended on March 31.
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World Bank Pledges Support for Pakistan’s Digitalization Efforts
The World Bank (WB) has reaffirmed its commitment to supporting Pakistan’s economic stabilization and revenue enhancement through comprehensive reforms and digitalization programs.
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