The federal government borrowed Rs. 7.39 trillion from banks in 11 months of fiscal year 2024, exceeding the amount borrowed… Read More
Rupee Abruptly Falls Against US Dollar, Other Major Currencies
The Pakistani rupee (PKR) began the final week of June with losses against the US Dollar today after opening trade… Read More
Car Financing Declines 23rd Month in a Row
Car financing continued to fall 23 months in a row in the calendar year 2024, down 22.5 percent YoY to… Read More
Pak Rupee Declines in Value Against Big Currencies After Eid
The Pakistani rupee (PKR) ended its 2-day win streak against the US Dollar today after opening trade at 278 in… Read More
Power Generation Goes Up Slightly in May
Power generation in the country went up by 2.7 percent YoY to 12,617 gigawatts per hour (GWh) in May 2024,… Read More
Pakistan’s Tax-to-GDP Ratio Likely to Hit 7-Year High Next Fiscal Year
Pakistan’s tax-to-GDP ratio (including petroleum development levy) in tax revenues is projected to reach 11.5 percent in fiscal year 2024-25.… Read More
Budget FY25 Boosts Chances of New IMF Program Despite Issues: Fitch Ratings
Pakistan’s ambitious FY2024-25 budget strengthens prospects for an IMF deal, Fitch Ratings said in a report on Tuesday. It is… Read More
Pakistan Is The Most Financially Attractive IT Outsourcing Destination in the World: Report
Pakistan is the most financially attractive IT&ITeS outsourcing destination in the world, the Economic Survey 2023-24 revealed last week. According… Read More
Rice Production Hits Record High in 11 Months of FY24
Pakistan’s rice production was recorded at 9.9 million tons in the eleven months that ended on May 31, 2024 (11MFY24),… Read More
Fertilizer Industry Received Tax Exemptions Worth Rs. 252.6 Billion in FY23
The fertilizer sector benefited greatly from sales tax exemptions worth Rs. 252.60 billion in the fiscal year 2022-23, according to… Read More
Rupee Ends Budget Week With Gains Against US Dollar
The Pakistani rupee (PKR) gained further ground 2nd day in a row against the US Dollar today after opening trade… Read More
New Property Taxes in Budget to Increase Cost Pressures on Construction Sector
The 2024-25 federal budget is expected to have a mixed impact on the construction sector. According to a report by… Read More
