HeadlinesSBP's forex reserves surpass $8.2bn, reaching six-month high
Forex reserves started to rise after the government secured a nine-month $3 billion Stand-By Arrangement with IMF
Jan 5, 2024
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HeadlinesSindh surpasses Punjab in cotton production, records 121% increase in output
Sanghar in Sindh led the country with 1.68 million bales of cotton; whereas in Punjab, Bahawalnagar district reported the highest arrivals with 1.06 million bales
Jan 4, 2024
HeadlinesPakistan's food exports surge 64% during first half of FY23
Trade deficit decreased by 34.3% to $11.14 billion in July-December, says official data
Jan 4, 2024
HeadlinesCement exports rise 156%, offset by 4% dip in domestic sales in December
The latest data reveals a total rise in cement dispatches of 4.63% year-on-year, reaching 4.06 million tonnes
Jan 3, 2024
HeadlinesECC maintains wheat support price for 2023-24
The decision to retain the previous year's support price of Rs 3,900 per 40 kg is made in response to the challenges posed by the 2022 floods and economic constraints
Jan 3, 2024
HeadlinesExports surge by 22.21% in December, reaching 18-month high
Continuous growth reflects positive trends in textile sector and potential for future expansion
Jan 3, 2024
HeadlinesSBP injects Rs660bn into market through two OMOs
Rs574.4 billion were injected through Reverse Repo OMO while Rs 86 billion were injected through Shariah Compliant Mudarabah based OMO
Jan 2, 2024
HeadlinesPetroleum product sales decline 7% YoY in December, reaching 1.24m tons
A brokerage house states that the decrease is driven by a surge in prices and economic slowdown
Jan 2, 2024
HeadlinesCPI inflation soars to 29.7% YoY in December
Main driver of the inflation surge was increased electricity charges, which added 3.56% to the monthly inflation rate
Jan 2, 2024
HeadlinesHousing finance records modest 1.33% growth in FY23 amid economic challenges
The SBP set a target for banks, urging them to raise their housing and construction finance portfolio to 7% of private sector advances by FY2023-end
Jan 2, 2024
HeadlinesPositive sentiment at PSX likely to persist until March: report
The sustainability of the bull run hinges on the successful completion of the next IMF program and implementation of long-term reforms, AKD Securities
Jan 1, 2024
HeadlinesTOMCL becomes first South Asian company to export cooked beef to China
China is the world’s largest meat importer, with an import of 3.10 million metric tonnes of beef and mutton in 2022.
Jan 1, 2024