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Economy

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...

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 blue-chip ADNOC

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...

Pakistan reports Current account deficit of $773mn in July 2021

Pakistan reports Current account deficit of $773mn in July 2021 as compared to the compared to a deficit of $1.6 bln in Jun21. While,...

Government approves the hike in Petrol Price by Rs. 5.40/litre

The federal government has approved increasing the price of #petrol by Rs5.40 per litre said Special Assistant to Prime Minister on Political Communication Shahbaz...

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