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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...

IMF and Pakistan has reached a staff level agreement on final bailout review

The International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan on the final review of a $3 billion bailout, where the country...

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...

MLCF’s subsidiary Novacare to build hospital with $110Mn investment

Novacare Hospitals (Private) Limited, a wholly owned subsidiary of Maple Leaf Cement Factory Limited (PSX: MLCF), will start constructing a state-of-the-art hospital in Islamabad...
Economy
News Desk

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...
News Desk

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...
News Desk

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...
News Desk

SAZEW Three-Wheeler sales declined by 31.6% in Feb

The Sazgar Engineering Works Limited (PSX:SAZEW) announced the production & sales data for the month of February, 2024.Three-Wheelers: The company produced 1,518 units in the month...
News Desk

NA speaker summons Parliament’s joint session for presidential election on March...

National Assembly Speaker Ayaz Sadiq has summoned the joint session of the Parliament on March 9 to elect the next president of Pakistan. The speaker...
News Desk

Shehbaz Sharif elected as 24th Prime Minister of Pakistan

Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif has been elected the 24th prime minister of Pakistan, according to National Assembly Speaker Sardar Ayaz Sadiq. Shehbaz...