The country’s textile group exports declined by around 4.97 percent during the first half (July-December) of the current fiscal year… Read More
Pakistan’s Real Effective Exchange Rate Increases Slightly in December 2023
Pakistan’s Real Effective Exchange Rate (REER) increased by 0.6 percentage points to 98.9 in December 2023. According to the latest… Read More
Rupee Reverses Losses Against US Dollar
The Pakistani rupee reversed Tuesday’s losses and posted gains against the US Dollar today after opening trade at 280 in… Read More
Pakistan Records its Highest-Ever Monthly IT Exports of $303 Million in December 2023
Pakistan’s technology sector recorded exports of $303 million during December 2023, up by 23 percent year-on-year (YoY) compared to $247… Read More
Foreign Direct Investment Up by 538% in December 2023
The Foreign Direct Investment (FDI) in the country increased by a staggering 538 percent year-on-year (YoY) to $211 million in… Read More
Finance Ministry to Release Rs. 30 Billion to PSO This Week
The Finance Ministry has decided to release Rs. 30 billion to the Pakistan State Oil (PSO) this week, well-informed sources… Read More
Pakistan Records Highest Current Account Surplus After 5 Months
The country’s current account posted a surplus of $0.397 billion in December 2023, compared to a deficit of $0.365 billion… Read More
Rupee Abruptly Halts 9-Day Win Streak Versus US Dollar Despite UAE News
The Pakistani rupee broke its 9-day winning streak against the US Dollar today after opening trade at 281 in the… Read More
Power Generation Falls As Fuel Costs Rise by 46% in December 2023
Power generation in the country went down by 9 percent YoY to 7,626 gigawatts per hour (GWh) in December 2023,… Read More
Pakistan’s Circular Debt Smashes All Records to Cross Rs. 5.7 Trillion
The power sector circular debt has broken all records to cross Rs. 5.7 trillion as of the end of November… Read More
Utility Stores Corporation Posts Highest-Ever Sales of Over Rs. 137 Billion in FY23
Utility Stores Corporation has recorded its highest-ever recorded sales of Rs. 137.155 billion for the fiscal year 2022-23 (FY23). Notably,… Read More
Asset Management Companies’ Funds Cross Rs. 2 Trillion for First Time
Asset Management Companies (AMCs) in Pakistan continued to attract inflows of funds from individual investors and corporations, which surged to… Read More
