Islamabad, March 21, 2024 – Pakistan Railways is gearing up to launch ‘Eid Special Trains’ ahead of Eid-ul-Fitr to meet the anticipated surge in travel demand and enable passengers to celebrate the Islamic festival with their families and friends across the country.
(more…)Category: Pakistan
-
Foreign Direct Investment Plummets 17% in 8MFY24, Says SBP
Karachi, March 20, 2024 – The State Bank of Pakistan (SBP) announced on Wednesday that the foreign direct investment (FDI) into the country has witnessed a significant decline of 17.1 percent during the first eight months (July – February) of the fiscal year 2023-24.
(more…) -
IMF and Pakistan Reach Agreement for $1.1 Billion Tranche
Karachi, March 20, 2024 – Pakistan has reached a significant milestone in its economic partnership with the International Monetary Fund (IMF), as both parties have reached a staff-level agreement (SLA) for the second and final review under the Stand-By Arrangement (SBA).
(more…) -
Shehbaz Government to Present First Budget Early June
Islamabad, March 20, 2024 – The newly formed government under the leadership of Prime Minister Shehbaz Sharif is gearing up to present its inaugural budget for the fiscal year 2024-25 in early June 2024, marking a crucial milestone for Pakistan’s economic agenda.
(more…) -
Pakistan’s CAD Shrinks 74% to $999M in 8MFY24
Karachi – Pakistan’s economic landscape shows promising signs as the country’s Current Account Deficit (CAD) has seen a substantial reduction by 74 percent, dwindling to $999 million during the initial eight months (July – February) of fiscal year 2023-24, according to recent data unveiled by the State Bank of Pakistan (SBP) on Tuesday.
(more…) -
Huawei Designs Super App for Pakistan
Islamabad, March 18, 2024 – In a groundbreaking development for Pakistan’s digital landscape, Huawei has unveiled a Super App designed to revolutionize the way citizens access government services, healthcare, education, and more, all within a seamless digital ecosystem.
(more…) -
Pakistan Aims for Enhanced Economic Collaboration with UAE
Islamabad, March 18, 2024 – Prime Minister Shehbaz Sharif of Pakistan has underscored the nation’s aspiration for a robust economic partnership with the United Arab Emirates (UAE).
(more…) -
SBP Maintains Policy Rate at 22% Amid Inflation Uptick Risk
Karachi, March 18, 2024 – The State Bank of Pakistan (SBP) has announced the decision to maintain the benchmark policy rate at 22 percent, citing concerns about the risk of inflation uptick in the country.
(more…) -
Motor Cars Import into Pakistan Jumps 259% in 8MFY24
Karachi, March 17, 2024 – Pakistan has witnessed an unprecedented surge in the import of motor cars, with figures soaring by a staggering 259 percent during the first eight months (July – February) of the fiscal year 2023-24.
(more…) -
Pakistan Imports Mobile Phones Worth $1.15 Billion in 8MFY24
Karachi, March 16, 2024 – Official data released by the Pakistan Bureau of Statistics (PBS) indicates that Pakistan has expended a substantial $1.15 billion on the import of mobile phones during the first eight months (July – February) of the fiscal year 2023-24.
(more…)