The Pakistan Automotive Manufacturers Association (PAMA) has written to Prime Minister Shehbaz Sharif seeking a 15 percent regulatory duty on… Read More
Pakistan’s Central Govt Debt Hits Rs. 67.8 Trillion in May 2024
The total public debt stock of the federal government increased by 15 percent on a year-on-year (YoY) basis in May… Read More
SBP Reserves Increase by Almost Half a Billion Dollars
The foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by almost half a billion dollars on… Read More
Pakistan’s Trade Deficit Narrows 12% in FY24
Pakistan’s trade deficit contracted by over 12 percent in the outgoing fiscal year (FY24) to $24.1 billion. According to data… Read More
Inflation to Hover Around 12.5-13.5% in June: Finance Ministry
The Finance Division said the inflation outlook for June 2024 has slightly increased compared to the previous month but remains… Read More
Pakistan Records Foreign Direct Investment of $271 Million in May 2024
The net Foreign Direct Investment (FDI) in the country stood at $271 million in May 2024, up 74 percent over… Read More
Pakistan’s Current Account Turns Red With Deficit of $270 Million in May
Pakistan’s current account balance posted a deficit of $270 million in May 2024, according to data released by the State… Read More
Govt Announces Big Cut in Price of Petrol Ahead of Eid
The federal government Friday announced a cut of Rs. 10.20 per liter in the price of petrol, a day ahead… Read More
Senate Body Wants Govt to Protect Motorcyclists from Increase in Petroleum Levy
The Senate Standing Committee on Finance Friday questioned the decision to increase the petroleum development levy on petrol by Rs.… Read More
Pakistan’s Textile Exports Surge to 21-Month High of $1.56 Billion in May
The country’s textile group exports increased by around 1.41 percent during the first eleven months (July-May) of the current fiscal… Read More
PSX Posts Biggest Single-Day Gain, Surges Over 3,400 Points on Budget
The Pakistan Stock Exchange (PSX) witnessed the highest single-day gain on Thursday with the benchmark KSE-100 index rising more than… Read More
Govt Proposes Increase in Petroleum Levy to Rs. 80 Per Liter
The federal government has proposed an increase in the maximum petroleum levy on petrol and high-speed diesel to Rs. 80… Read More
