The Pakistani rupee (PKR) closed in red after gaining two days in a row against the US Dollar (USD) today… Read More
50% of Pakistan’s Economy Runs on Black Money
Half of Pakistan’s economy is run on black money while tax authorities have now been cleared to hire 1,600 auditors… Read More
Pakistan’s Textile Exports Rise 5th Month in a Row
Pakistan Textile exports clocked in at US$ 1.5 billion in December 2024, up 6 percent year on year and 1… Read More
FTO Received Over 13,500 Complaints in 2024 and Helped Recover Rs. 22.7 Billion
The Federal Tax Ombudsman (FTO) made recommendations on 13,500 taxpayer complaints, but only 336 were challenged by the Federal Board… Read More
Power Generation Slightly Up in December 2024 Despite 11% Decline in Fuel Cost
Pakistan’s power generation increased by 2 percent on a year-on-year (YoY) basis to 7,800 GWh in December 2024, compared to… Read More
Rupee Halts 4-Day Losing Streak Against US Dollar to End Week
The Pakistani rupee (PKR) closed in green ending its 4-day losing streak against the US Dollar (USD) today after opening… Read More
Foreign Direct Investment in Pakistan Down 33% in December 2024
The net Foreign Direct Investment (FDI) in the country stood at $170 million in December 2024, down 33 percent over… Read More
Pakistan Records Highest-Ever Monthly IT Exports in December 2024 Despite Internet Issues
Pakistan recorded the highest-ever monthly IT exports of US$ 348 million, up by 15 percent YoY while also up by… Read More
Pakistan’s Real Effective Exchange Rate Hits 8-Month High in December 2024
Pakistan’s Real Effective Exchange Rate (REER) clocked in at 103.7 in December 2024, according to latest data issued by the… Read More
Pakistan’s Current Account Posts 3rd Consecutive Surplus in December 2024
Pakistan recorded a monthly surplus of US$ 582 million in December 2024. December 2024 was the 3rd consecutive month of… Read More
World Bank Upgrades Pakistan’s Growth Forecast to 2.8% for FY25
The World Bank has revised Pakistan’s economic growth forecast to 2.8 percent in the fiscal year 2024-25 and 3.2 percent… Read More
Rupee Extends Losing Streak to 4 Against US Dollar After Yet Another Decline
The Pakistani rupee (PKR) closed in red 4th day in a row against the US Dollar (USD) today after opening… Read More
