Pakistan’s economy remains fragile amid external shocks, reports BMI

Political instability could derail economic recovery, with the potential for protests and disruptions to economic activity, forecasts Fitch Solutions company 

Pakistan, IMF reach staff-level agreement on $7 billion Extended Fund Arrangement 

Agreement is subject to approval by the IMF’s board and the timely confirmation of necessary financing assurances from Pakistan’s development and bilateral partners

Govt raises Rs908 billion through T-Bills, PIBs sale

Borrowing aims to bridge financing gaps and meet high-interest payment obligations

Pakistan attracts $1.73 billion in FDI during 11MFY24

FDI recorded $270.9 million in May 2024, up from $155.7 million in the same month last year

Govt plans to borrow over $23 billion for FY2024-25 

Borrowing included a $12 billion rollover of bilateral debt from China, KSA and UAE

Government to target lesser inflation and narrower fiscal deficit in FY25

Economy rebounded with 2.4% growth in 2023-24; growth target for FY25 set at 3.6%

Federal govt’s borrowing from banks surges by 116% due to slow foreign inflows

Significant increase in borrowing is also due to less-than-target revenue collection

Import bill surges to $17.9bn in H2FY24, reflecting eased restrictions

Following IMF directives, Pakistan's SBP eases import restrictions, causing a noticeable rise in import bills

Pakistan sees $11m inflow from foreign investors into T-Bills in May

Attractive returns on T-Bills fuel foreign investor interest in Pakistan, with rates up to 21.6%

Headline inflation to drop to 14% YoY in May: report

Annual inflation rate may vary between 7.4% to 14.8% by December 2024

GDP grows modestly at 2.09% in Q3FY24

NAC revises Q1 and Q2 GDP growth estimates upwards to 2.71% and 1.79%, reflecting an uptick in economic activity

RDA sees over 6% drop in April inflows, SBP reports

Inflows dip to $171m in April

PSX dips 258 points amid IMF visit, speculations of economic tightening

Investor worries mount over anticipated tax hikes and monetary tightening ahead of the new IMF program

Pakistan’s current account records surplus of $491mn in April 

Current account balance shows a deficit of $202 million in 10MFY24, significantly lower than the $3.92 billion deficit in last year

Chinese firm expresses interest in building mineral park in Pakistan

High-level discussions between Pakistan and MCC Tongsin set the stage for other mining sector investments