Economy
Pakistan’s Current account posted a surplus of $128Mn in Feb
Pakistan’s current account posted a surplus of $128 million in February 2024, in contrast to a revised deficit of $303 million in the previous...
MPC decided to hold the Policy rate steady at 22%
The Monetary Policy Committee (MPC) decided to hold the policy rate steady at 22 percent in its meeting held today.
The MPC noted that despite...
Weekly SPI surged by 1.11%
The Weekly Sensitive Price Indicator (SPI) significantly increased by 1.11% WoW during the week ended March 07, 2024,
The SPI rose 32.39% YoY compared...
Remittances surged by 13% YoY in Feb’24
According to the latest data from the SBP, Workers' Remittances dropped by 6.18% MoM in February to $2.25 billion, down from $2.4 billion in...
Workers Remittances rise to $2.5bn in December
Remittances from overseas workers increased by 3.4% year-on-year, amounting to $2,520 million during the month of December 2021, said the State Bank of Pakistan...
CPI Inflation recorded at 9% in Sep’21
Inflation increased by 9.0% on YoY basis in Sep'21 as compared to an increase of 8.4% in Aug'21 & 9.0% in SPLY.
On MoM...
Talks to revive $6Bn IMF package will begin from Oct 4
Pakistan and the International Monetary Fund (IMF) are set to resume talks for the revival of a $6 billion derailed programme in upcoming week, in which...
SBP decided to raise the Policy Rate by 25bps to 7.25%
The Monetary Policy Committee (MPC) decided to raise the policy rate by 25 basis points to 7.25 percent. Since its last meeting in ...
Pakistan reports Current Account Deficit of US$1.5Bn in Aug 2021
The current account deficit (CAD) rose to $1.5bn in Aug21 from $0.8bn the previous month, while SBP’s foreign reserves rose to an all-time high...
MSCI Downgrades Pakistan to Frontier Market
“MSCI Inc. (NYSE: MSCI) announced that it will reclassify the MSCI Pakistan Indexes from Emerging Markets to Frontier Markets,” it said in a press...
