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...
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...
Moody’s has revised Pakistan’s banking sector outlook from Caa3 negative to...
Moody's Investors Service (Moody's) has upgraded the outlook for Pakistan's banking sector from Caa3 negative to stable
The report highlights the banks' resilient profitability and...
CPI Inflation declined to 23.1% in Feb
CPI inflation clocked in at 23.1% on a year-on-year basis during the month of February, the Pakistan Bureau of Statistics (PBS) data showed on...
Weekly SPI declined by 0.78%
The Weekly Sensitive Price Indicator (SPI) declined by 0.78% during the week ended on February 15, 2024, while the SPI increased by 34.25% YoY...
Trade Deficit declined by 24.8% to $1.95Bn in Jan
According to the PBS, the country’s trade deficit shrunk by 24.8% to $1.95 billion in January 2024 from $2.59 billion in the same period...
