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Economy

Economy

Workers Remittances rise to $2.5bn in December

News Desk -
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...
Economy

CPI Inflation recorded at 9% in Sep’21

News Desk -
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...
Economy

Talks to revive $6Bn IMF package will begin from Oct 4

News Desk -
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...
Economy

SBP decided to raise the Policy Rate by 25bps to 7.25%

News Desk -
The Monetary Policy Committee (MPC) decided to raise the policy rate by 25 basis points to 7.25 percent. Since its last meeting in ...
Economy

Pakistan reports Current Account Deficit of US$1.5Bn in Aug 2021

News Desk -
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...
Economy

MSCI Downgrades Pakistan to Frontier Market

News Desk -
“MSCI Inc. (NYSE: MSCI) announced that it will reclassify the MSCI Pakistan Indexes from Emerging Markets to Frontier Markets,” it said in a press...
Economy

CPI Inflation recorded at 8.4% in August

News Desk -
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...
Economy

Pakistan’s four energy companies secured an offshore exploration contract from UAE blue-chip ADNOC

News Desk -
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...
Economy

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

News Desk -
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,...
Economy

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

News Desk -
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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