Power generation in the country went up by 1.8 percent YoY to 61,258 gigawatts per hour (GWh) in 5MFY24, while… Read More
Govt Borrowing From Banks Up 7 Times Than Last Year
The government has borrowed Rs. 3.58 trillion just from banks during the first five months (July-November) of 2023-24 (FY24). As… Read More
ADB Rates Pakistan’s Provincial Strategy for Urban Growth Project As Successful
The Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has rated the “Pakistan: Provincial Strategy for Inclusive and… Read More
Bank Financing for Cars Plunges for 17th Straight Month
Auto-financing plunged 17th consecutive month in November 2023, with the total car loan amount falling by 2.6 percent month-on-month to… Read More
Rupee Appreciates 6th Day in a Row Against US Dollar
The Pakistani rupee gained further ground 6th day in a row against the US Dollar today after opening trade at… Read More
PSX Crashes By Over 2,300 Points As Red Sea Unrest Rattles Investors [Updated]
Bears wrecked the Pakistan Stock Exchange (PSX) today, with the benchmark KSE-100 index losing over 2,300 points in intraday trade… Read More
Foreign Loans Decline by 51% in November 2023
Pakistan borrowed $4.285 billion from multiple financing sources during the first five months (July-November) of the current fiscal year 2023-24,… Read More
World Bank Sees Major Drop in Remittances to Pakistan Next Year
The World Bank has projected a drop in remittance flows to Pakistan to $24 billion in 2023 and a further… Read More
Rupee Gains Further Ground 5th Day in a Row Against US Dollar
The Pakistani rupee gained further ground 5th day in a row against the US Dollar today after opening trade at… Read More
Foreign Direct Investment Up by 12% in November 2023
The Foreign Direct Investment (FDI) in the country increased by 12 percent year-on-year (YoY) to $131 million in November 2023.… Read More
IT Exports Increase By 11% in November 2023
The IT and IT-enabled Services (ITeS) export remittances comprising computer services and call center services increased by around 6 percent… Read More
Pakistan’s Real Effective Exchange Rate Falls Marginally in November 2023
Pakistan’s Real Effective Exchange Rate (REER) declined by 0.3 percentage points to 98.2 in November 2023. According to the latest… Read More
