HeadlinesPakistan's IT exports surge 42% YoY, marking 12th consecutive month of growth
Monthly IT exports reach US$292 million in September 2024, driven by global client expansion and favorable currency policies, despite a slight month-on-month decline.
Oct 21, 2024
HeadlinesAfter a $75mn surplus in August, Pakistan's current account surplus climbs to $119mn in September
Despite ongoing challenges in trade and imports, Pakistan sees a continued improvement in its current account, achieving a two-month streak of surpluses
Oct 21, 2024
HeadlinesMeezan Bank posts Rs26.4bn profit in Q3CY24 despite increased taxation and foreign exchange income drop
Islamic financing and fee income bolster growth, but foreign exchange losses and rising taxes weigh on increased profits
Oct 21, 2024
HeadlinesPakistan experiences rapid growth in digital transactions as Raast processes Rs1tn in 16 days
As Pakistan’s digital payment landscape continues to evolve, the rapid adoption of Raast reflects a major shift towards financial inclusion, with the system processing Rs1tn in just 16 days
Oct 21, 2024
HeadlinesCarpet exporters urge government to resolve Torkham Border issues
Pakistan's handmade carpet industry grapples with supply disruptions, urging swift government intervention to protect exports
Oct 21, 2024
HeadlinesDevelopment banks commit over $1bn for NTDC projects
World Bank, Asian Development Bank, and Islamic Development Bank pledge financial backing for critical power infrastructure, urging private sector participation in key transmission lines
Oct 21, 2024
HeadlinesCalls for a free wheat market: Agriculturalists push for fair pricing mechanism
Experts argue that deregulating the wheat market will benefit farmers and consumers alike, addressing the challenges of outdated subsidy systems
Oct 20, 2024
HeadlinesCotton crisis deepens as production drops 48pc despite October recovery
A brief surge in early October cotton supplies has not eased the ongoing production crisis, with a 48pc year-on-year decline and major concerns over the industry's future stability
Oct 19, 2024
HeadlinesAfter signing MoU last year, Pakistan’s Raast-Buna cross-border payments system goes live
SBP marks a major milestone as real-time payments between Pakistan and the Arab world become a reality, boosting remittances and regional financial integration
Oct 19, 2024
HeadlinesGovt sets out plan for transforming transport corridors into economic corridors
Federal government aims to leverage key routes like CPEC to spur industrial growth, boost tourism, and strengthen regional trade ties across Pakistan, says Ahsan Iqbal
Oct 19, 2024
HeadlinesPRL faces Rs2.4 billion losses amid rising costs
PRL reports sharp decline in revenue and profits as operating expenses surge in Q1 FY25
Oct 18, 2024
HeadlinesSBP Annual Report highlights inflation decline and economic stability in FY24
The State Bank of Pakistan’s FY24 report reveals a sharp decline in inflation and stabilization of key economic indicators, driven by tight monetary policy and fiscal reforms
Oct 18, 2024