Economy
Government Greenlights Tax-Heavy Budget Ahead of Crucial IMF Loan Talks
Pakistan’s parliament on Friday passed the government’s tax-heavy finance bill for the coming fiscal year ahead of more talks on a new bailout with...
LSMI output surged by 5.8% YoY in April
In April 2024, Pakistan's Large-scale Manufacturing Industries (LSMI) production dropped sharply by 8.14%, down from 115.78 in March 2024.
However, on a month-on-month basis,...
SPI surged by 1.3% WoW
According to data released by the Pakistan Bureau of Statistics (PBS), the Weekly Sensitive Price Indicator (SPI) for the Combined Group increased by 1.3%...
Pakistan Aims for reaching IMF Staff-Level Agreement in July: FM Aurangzeb
Finance Minister Muhammad Aurangzeb said Thursday the federal government was hopeful of reaching a staff-level agreement with the International Monetary Fund (IMF) in July...
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...
CPI Inflation recorded at 8.4% in August
Pakistan's Yearly Inflation in August 2021 was 8.4% as compared to 8.4% in July 2021. The CPI reading in Ausust 2020 was at...
Pakistan’s four energy companies secured an offshore exploration contract from UAE...
Pakistani energy companies won big in Abu Dhabi, with four of them securing an offshore exploration contract from UAE blue-chip ADNOC. The contract is...
