Banking sector deposits have maintained their steady growth since the turn of the new year, posting a 22 percent year-on-year… Read More
Cement Sector Posts Record Profit Growth in Q2 FY24
Pakistan’s listed cement sector reported record earnings of Rs. 22.4 billion, up 8 percent YoY in 2QFY24. This earnings growth… Read More
Pakistan Likely to Start Talks With IMF Next Week for Final Loan Tranche
Pakistan will likely commence negotiations with the International Monetary Fund (IMF) next week over the third and final loan tranche… Read More
Pakistan’s Public Debt Up By Rs. 4 Trillion in 7 Months As Govt Borrowing Continues
The total public debt stock of the federal government increased by 17.8 percent on a year-on-year (YoY) basis in January… Read More
ADB Signs Agreement For Sanitation, Waste Management Project in Rawalpindi, Bahawalpur
The Asian Development Bank (ADB) and the United Nations Children’s Fund (UNICEF) Tuesday signed a Letter of Understanding (LOU) to… Read More
Rupee Falls 3rd Day in a Row Against US Dollar After Return of PM Shehbaz
The Pakistani rupee lost further ground against the US Dollar after opening trade at 280 in the interbank market. It… Read More
Number of Bank Accounts in Pakistan Cross 177 Million
Pakistan’s banking system, including commercial and microfinance banks, branchless banking sector, and Electronic Money Institutions, has an account base of… Read More
Pak Rupee Declines 2nd Day in a Row Against US Dollar, Other Currencies
The Pakistani rupee depreciated against the US Dollar after opening trade at 280 in the interbank market. It was bearish… Read More
Textile Exports Jump 20% in February 2024
Pakistan’s textile exports increased by 20 percent year-on-year (YoY) in February 2024 and stood at $1.41 billion compared to $1.18… Read More
Cotton Arrivals Up By 72% in February 2024
Pakistan’s cotton output increased by 72 percent year-on-year (YoY), according to the latest fortnightly data released by the Pakistan Cotton… Read More
IMF Recommends 18% GST On Petrol, Food, Medicine to Raise Rs. 1.3 Trillion More
The International Monetary Fund (IMF) wants the Federal Board of Revenue (FBR) to increase the country’s tax collection by Rs.… Read More
ADB Cancels $0.6 Million Grant for Gas Storage Development System in Pakistan
The Asian Development Bank has canceled a $0.6 million grant given for the gas storage development system in Pakistan. Sources… Read More
