HeadlinesAutomobile financing plummets by 26% YoY in January
19th month consecutive decline in auto loans signal tough times ahead for car buyers
Feb 20, 2024
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Headlines
HeadlinesPakistan seeks partnership with Sinopec in Aramco’s $10bn refinery project
PSO CEO highlights the project as a golden opportunity for Sinopec
Feb 20, 2024
HeadlinesPakistan advances on Iran gas pipeline to avoid $18bn fine
Iran extends project deadline by 180 days until September 2024 to avoid any legal disputes
Feb 20, 2024
HeadlinesCCP approves Korean-Pakistani power sector merger
The commission's spokesperson highlighted the transaction as a testament to the attractiveness of Pakistan's power sector to international investors
Feb 19, 2024
HeadlinesUnprecedented year for Tata, market valuation hits $365bn milestone
The increase in market value for the Tata Group is largely due to impressive performances by companies such as Tata Motors and Trent
Feb 19, 2024
EconomyPakistan sees decline in foreign investment in January
The cumulative FDI for the first seven months of FY24 fell to $689.5 million from $876.8 million in the prior year.
Feb 19, 2024
HeadlinesPakistan's rice exports see major uptick in FY 2023-24
The overall food group exports from Pakistan grew by 57.66%, reaching $4.267bn, while food imports decreased by 21.09%, falling to $4.721bn
Feb 19, 2024
EconomyIMF urges transparency in Pakistan's development projects
Pakistan is expected to negotiate a new three-year Extended Fund Facility with the IMF, contingent on Islamabad's commitment to fiscal reforms
Feb 19, 2024
EconomyCurrent account posts deficit of $269mn in January 2024
Current account slides 71% with a deficit reduction to $1.093 billion in seven months of FY24
Feb 19, 2024
HeadlinesPakistan's election outcome, political uncertainty may complicate new IMF deal: Fitch
Failure to secure a new deal will increase external liquidity stress and raise the probability of default, says rating agency
Feb 19, 2024
HeadlinesGovt imports 220,000 tons of urea to support farmers
Feb 17, 2024
HeadlinesSBP acquires $2bn from interbank market to maintain reserves
Market interventions help meet IMF targets, stabilize currency
Feb 17, 2024