Remittances sent by overseas Pakistanis increased by 29 percent year-on-year (YoY) to $3.05 billion in September 2024 compared to inflows… Read More
US Dollar Piles More Pressure on Pakistani Rupee After Trump Win
The Pakistani rupee (PKR) posted losses 4th day in a row against the US Dollar (USD) today after opening trade… Read More
Google Claims To Help Generate Rs. 3.9 Trillion Economic Benefits in Pakistan in 2023: Report
Google’s AI-powered products and solutions helped provide Rs. 3.9 trillion of economic benefits for Pakistani businesses and households in 2023… Read More
IMF Staff to Visit Pakistan Next Week to Discuss Current Program Ahead of 2025 Review
Intentional Monetary Fund (IMF) staff, led by Nathan Porter, will travel to Pakistan between November 11-15 for a Staff Visit… Read More
Rupee Down 3rd Day in a Row Against US Dollar, Hurts Euro
The Pakistani rupee (PKR) posted losses third day in a row against the US Dollar (USD) today after opening trade… Read More
Rupee Falls 2nd Day in a Row Against US Dollar After Big SBP Decision
The Pakistani rupee (PKR) posted losses second day in a row against the US Dollar (USD) today after opening trade… Read More
IMF Impressed With Pakistan’s Recovery So Far
The International Monetary Fund (IMF) Resident Representative in Pakistan, Esther Perez Ruiz, said the latest reforms under the new Extended… Read More
Govt Faces Rs. 1 Trillion Shortfall in Electricity Sales and Purchases This Year
The federal government faces a substantial shortfall of over Rs. 1,075 billion in electricity purchases and sales this financial year,… Read More
NHA Warned Against Giving Land to Housing Societies on Motorways
The Senate Standing Committee on Communications has expressed serious concerns about granting interchanges on the motorway for housing societies, stating… Read More
Rupee Starts Week With Losses Against All Major Currencies Ahead of SBP Decision
The Pakistani rupee (PKR) posted losses to start week against the US Dollar (USD) today after opening trade at 278… Read More
Moody’s, S&P, Others Will Further Improve Pakistan’s Rating: Report
Pakistan’s economy is gradually stabilizing with the new IMF program as external accounts are showing substantial improvement, inflation is coming… Read More
Cotton Import Bill to Rise 3.9x in FY25 As Local Production Declines by 37%
Cotton arrivals in Pakistan are down by 37 percent year-on-year (YoY) to 4.29 million bales as of October 31, 2024,… Read More
