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...
ADB has approved $554Mn Flood Assistance Package for Pakistan
A $554 million financing package, including new and reallocated funds, has been approved to support recovery and reconstruction efforts in Pakistan following this year’s...
Russia will provide Petrol and Diesel at discounted rates to Pakistan:...
State Minister for Petroleum Musadik Malik said on Monday that Russia has agreed to provide crude oil at discounted prices, a development that could...
CPI Inflation clocked in at 23.84% in November
Consumer Price Index (CPI) inflation during the month of November was recorded at 23.84% YoY compared to 26.6% YoY in Oct’22. On MoM basis,...
Pakistan has received USD500Mn from AIIB
Pakistan has received $500 million from the Asian Infrastructure Investment Bank (AIIB), the Ministry of Finance stated on Tuesday.
“Government of Pakistan has today received...
MPC of the SBP has raised the Policy rate by 100BPS...
The Monetary Policy Committee (MPC) decided to raise the policy rate by 100 basis points to 16%.
This decision is aimed at ensuring that elevated...
President Arif Alvi approves Lt Gen Asim Munir’s appointment as COAS
President Dr. Arif Alvi has approved the appointment of Lt General Asim Munir as the new Chief of Army Staff. The president also approved...
