Pakistan’s Real Effective Exchange Rate (REER) jumped by 0.4 percentage points to 87.7 in June 2023. According to the latest… Read More
Foreign Direct Investment Plummets 25% to $1.45 Billion in FY23
Foreign Direct Investment (FDI) has shrunk by 25 percent year-on-year (YoY) in the fiscal year 2022-23 (FY23) amid persistent economic… Read More
China Rolls Over $600 Million Loan to Pakistan: PM Shehbaz
The Export-Import (Exim) Bank of China has refinanced over $600 million to the State Bank of Pakistan (SBP) which will… Read More
HBL to Establish Special Subsidiary for Agriculture
Habib Bank Limited (HBL) has received authorization from the State Bank of Pakistan (SBP) to establish a special subsidiary for… Read More
Rupee Crashes 2nd Day in a Row Against US Dollar, British Pound, Euro
The Pakistani rupee extended losses against the US Dollar during intraday trade today after opening trade at 277.5 in the… Read More
Finance Division Finalizes Draft Bill for Setting Up Pakistan Sovereign Wealth Fund
Federal Minister for Finance and Revenue Ishaq Dar chaired a meeting on the establishment of the Pakistan Sovereign Wealth Fund… Read More
After IMF Deposit, Pakistan Expects Another $2.6 Billion in Financing
Pakistan has unlocked another $5.6 billion in financing after securing a $1.2 billion deposit from the International Monetary Fund (IMF),… Read More
Rupee Ends Week With Big Losses Against US Dollar, British Pound, Euro
The Pakistani rupee closed the week with losses against the US Dollar during intraday trade today after opening trade at… Read More
Pakistan Receives Offer for LNG Shipments for the First Time Since 2022
After a gap of more than a year, Pakistan has received its first offer for the procurement of two shipments… Read More
Pakistan’s Most-Funded Health-tech Startup MedznMore Shuts Down
Pakistani most funded health-tech startup MedznMore has shut down after deciding to halt operations in June due to the deteriorating… Read More
IMF Says Pakistan Needs More Reforms for Economic Transformation
Resolving Pakistan’s structural challenges will likely require continued reforms over the medium term to underpin the needed economic transformations, strengthen… Read More
Post-Flood Aftershocks Continue to Pose Major Economic Challenges to Pakistan: ADB
The devastating floods in 2022, the impact of the COVID-19 pandemic, security issues, structural risks, and adverse external shocks continue… Read More
