The federal government faces a substantial shortfall of over Rs. 1,075 billion in electricity purchases and sales this financial year,… Read More
NHA Warned Against Giving Land to Housing Societies on Motorways
The Senate Standing Committee on Communications has expressed serious concerns about granting interchanges on the motorway for housing societies, stating… Read More
Rupee Starts Week With Losses Against All Major Currencies Ahead of SBP Decision
The Pakistani rupee (PKR) posted losses to start week against the US Dollar (USD) today after opening trade at 278… Read More
Moody’s, S&P, Others Will Further Improve Pakistan’s Rating: Report
Pakistan’s economy is gradually stabilizing with the new IMF program as external accounts are showing substantial improvement, inflation is coming… Read More
Cotton Import Bill to Rise 3.9x in FY25 As Local Production Declines by 37%
Cotton arrivals in Pakistan are down by 37 percent year-on-year (YoY) to 4.29 million bales as of October 31, 2024,… Read More
World Bank’s $213 Million Project for Flood Victims in Pakistan Likely to Be Restructured
The World Bank’s “Integrated Flood Resilience and Adaptation Project (IFRAP)” worth $213 million is likely to be restructured to facilitate… Read More
Pakistan’s Growth Outlook Positive But Financing Needs, Inflation Pose Big Risks: IMF
Economies in the Middle East and North Africa (MENA) region and Pakistan face a fragile recovery amid global geoeconomic fragmentation,… Read More
Rupee Reverses 4-Day Losing Streak Against US Dollar to End Tough Week
The Pakistani rupee (PKR) posted gains to end its 4-day losing streak against the US Dollar (USD) today after opening… Read More
Pakistan’s Inflation Slows to 7.2% in October 2024
Pakistan’s Consumer Price Index (CPI) based inflation slowed to 7.2 percent on a year-on-year basis in October 2024 as compared… Read More
FBR Tax Revenue Shortfall Increases to Rs. 192 Billion in 4 Months
The Federal Board of Revenue (FBR) has collected Rs. 878 billion during October 2024 against the assigned target of Rs.… Read More
Rupee Takes Small Hits 4th Day in a Row Against US Dollar
The Pakistani rupee (PKR) posted small losses 4th day in a row against the US Dollar (USD) today after opening… Read More
Pakistan Posts Fiscal Surplus For the First Time in 21 Years
Pakistan has reported a fiscal surplus of Rs. 1.7 trillion or 1.4 percent of GDP and a primary surplus of… Read More
