HeadlinesPakistan’s Export-Import Bank formally launched
Caretaker Minister for Finance states that institutions like EXIM have a global impact, noting that they disbursed a substantial $2.5 trillion in trade finance last year, benefiting exports across more than 60 countries
Dec 21, 2023
HeadlinesPakistan’s IT exports soar 9% MoM to $259mn in November
SBP policy and stable currency boost the IT sector, while computer services lead the growth
Dec 21, 2023
HeadlinesPakistan shares 5-year vision with China to boost trade ties
China's Economic Counsellor affirms the country's aim to increase its trade volume from the current $27 trillion to $32 trillion in the coming years
Dec 21, 2023
HeadlinesSBP raises Rs397bn through PIBs auction
The amount raised was more than double the target of Rs190 billion, showing strong market demand even at the end of December.
Dec 21, 2023
HeadlinesECC approves Rs320bn for power sector, phases out export finance scheme
The Economic Coordination Committee voices discontent with the Pakistan Steel Mills board for the mishandling of the mill's assets, including its land
Dec 21, 2023
HeadlinesNational Savings cuts profit rates by up to 160 bps on various schemes
Most affected schemes are the Special Savings Accounts and Certificates, which have seen a fall of 160 bps to 16.40% per annum
Dec 20, 2023
HeadlinesPower generation costs surge nearly 20pc in Pakistan for November
Hydel emerged as the leading source of power generation in November, constituting 36.5 percent of the generation mix
Dec 20, 2023
HeadlinesAuto loans hit 17-month low amid high interest rates
Car financing declined 24.4% year-on-year to Rs 257 billion in November
Dec 20, 2023
HeadlinesPakistan, ADB sign $1.2b loan agreements for budget support, development projects
The endorsement of these loans by the ADB, coupled with Pakistan's recent accord with the IMF, has rejuvenated financial channels
Dec 20, 2023
HeadlinesGovt borrowing from banks surges sevenfold to Rs3.585trn in 5MFY2023-24
Government spending has increased significantly, driven by a substantial rise in the cost of every item amidst a 29 percent inflation rate
Dec 20, 2023
HeadlinesPakistan extends legal cover to Turkmenistan's $10bn TAPI gas pipeline investment
Turkmenistan is set to possess an 85 percent stake in the project, while Afghanistan, Pakistan, and India will each hold a 5 percent share
Dec 20, 2023
HeadlinesTextile exports decline by 5.43pc Month-on-Month in November: SBP
The food group was the second-largest contributor to total exports, with a value of $704.93 million, marking a significant growth of 96.75% year-on-year
Dec 18, 2023