Islamabad, April 16, 2024 – The International Monetary Fund (IMF) has released its latest report, projecting a two per cent GDP growth rate for Pakistan in the current fiscal year FY24, a significant improvement from the -0.2 per cent recorded in FY23.
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Pakistan Sets $0.50 per kg Customs Value for Soyabean Meal
Karachi, April 16, 2024 – In a significant move aimed at regulating the import of soyabean meal into Pakistan, authorities have announced the establishment of a customs value of $0.50 per kg for the determination of duty and taxes.
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Pakistan Engages in Talks with IMF for New Loan Agreement
Pakistan has commenced discussions with the International Monetary Fund (IMF) regarding a new multi-billion dollar loan agreement aimed at supporting its economic reform program, announced Muhammad Aurangzeb, the Federal Minister for Finance and Revenue.
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Pakistan and Saudi Arabia Reiterate Cementing Economic Ties
Islamabad, April 16, 2024 – Pakistan and Saudi Arabia reaffirmed their dedication to bolstering economic relations on Tuesday, as Saudi Foreign Minister Prince Faisal bin Farhan Al Saud met with Prime Minister Muhammad Shehbaz Sharif.
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Pakistan Raises Petrol and Diesel Prices Effective April 16, 2024
Islamabad, April 15, 2024 – Pakistan announced a significant increase in petrol and diesel prices, set to take effect from April 16, 2024, stirring concerns among consumers already grappling with high inflation rates.
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Pakistan’s Forex Reserves Witness Growth, Reach $13.44 Billion
Karachi – Pakistan’s foreign exchange reserves have seen a notable increase, rising by $62 million to $13.44 billion by the week ending April 5, 2024.
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PM Shehbaz Directs Utilizing Renewable Energy to Cut Oil Imports
Islamabad, April 15, 2024 – Prime Minister Muhammad Shehbaz Sharif has underscored the imperative of harnessing renewable energy sources to mitigate Pakistan’s dependency on oil imports, directing the energy ministry to expedite efforts in this regard.
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Suzuki Pakistan Faces Cyber Attack on Corporate Database
Karachi, April 15, 2024 – Pakistan Suzuki Motor Company Limited (PSMCL) has reported a cyber-attack on its corporate database, raising concerns about data security and prompting the company to take immediate measures to address the breach.
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Pakistan Set to Revise Petroleum Prices Amid Iran Strikes on Israel
Pakistan is poised to adjust petroleum prices for the second half of April 2024 amidst escalating tensions following Iran’s drone attacks on Israel. The revised prices, to be announced on April 15, 2024, will remain in effect until the end of the month.
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Pakistan Faces 4.8% Drop in Registered Prize Bond Investments
In a concerning development for Pakistan’s financial landscape, data released by the State Bank of Pakistan (SBP) reveals a notable 4.8 percent decline in registered prize bond investments by the end of February 2024 compared to the same period the previous year.
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