The government has revised the rates of profit on national savings certificates and schemes by up to 24 bps. The… Read More
Rupee Ends Week in Green Against US Dollar, Other Currencies
The Pakistani rupee closed this week in green against the US Dollar after opening trade at 278 in the interbank… Read More
Weekly Inflation Drops to Lowest Level in 7 Months
The Sensitive Price Index (SPI) for the week ended on March 21, 2024 declined by 1.13 percent mainly due to… Read More
Post-Flood Aftershocks, COVID-19 Still Pose Major Economic Challenges to Pakistan: ADB
The devastating floods in 2022, impact of the COVID-19 pandemic, security issues, structural risks, and adverse external shocks continue to… Read More
Car Financing Plummets 20 Months in a Row
Car financing continued to fall 20 months in a row in the calendar year 2024, down 25 percent YoY to… Read More
World Bank Likely to Approve $150 Million Financing For Two Projects in Pakistan
The World Bank’s Board of Executive Directors is likely to approve $150 million in financing for “Pakistan: Digital Economy Enhancement… Read More
Pakistan Received $6.67 Billion in Foreign Loans During 8 Months of FY24
The country borrowed $6.678 billion from multiple financing sources during the first eight months (July-February) of the current fiscal year… Read More
Pakistan’s IT Sector Continues to Outpace Country’s GDP
Over the last decade or so, Pakistan’s economy has struggled to maintain a high sustainable growth rate amid mounting pressures… Read More
Panther Tyres Spends Nearly Rs. 2 Billion to Expand Operations
Panther Tyres Ltd (PSX: PTL) has spent Rs. 1.986 billion for expansion, development and working capital requirements, the company’s final… Read More
Rupee Stable Against US Dollar But Crashes Against Other Currencies
The Pakistani rupee closed in the gren against the US Dollar after opening trade at 278 in the interbank market.… Read More
Rupee Posts Gains Against US Dollar After IMF Announcement
The Pakistani rupee reversed yesterday’s losses against the US Dollar after opening trade at 278 in the interbank market. But… Read More
Foreign Direct Investment Up by 16% in February 2024
The Foreign Direct Investment (FDI) in the country increased by 16 percent year-on-year (YoY) to $140 million in February 2024,… Read More
