PSX rebounds with bulls gaining over 800 points
Bulls returned to PSX with a surge of over 800 points, driven by optimism from the new IMF program and upcoming investor-friendly budget, amidst positive remarks from US and Saudi delegations
Pakistan’s trade deficit shrinks by 17% in 10 months
Despite monthly fluctuations, yearly export growth and reduced imports contribute to narrowing the deficit.
April trade deficit soars 2.81x YoY, exports dip MoM
Country's trade deficit expands significantly by 2.81x YoY to $2.374 bn, coupled with a 8.67% MoM drop in exports
PSX records third successive decline after SBP maintains key rate
Stock exchange witnesses third consecutive bearish session, shedding over 400 points amid SBP's rate stability
Pakistan’s inflation slows to 17.3% YoY in April
Declines signals potential downward trend, alongside a 15.6% YoY increase in core inflation, as per PBS data
Govt grapples with massive losses due to Iranian oil smuggling
Joint intelligence report to the Petroleum Division estimates annual revenue loss exceeding Rs227bn
Pakistan prepares for IMF’s next bailout programme
Fund's team to spend two weeks in Pakistan, focusing on macroeconomic and fiscal framework for the next 3-4 years
Pakistan faces fiscal pressures after concluding $3bn IMF programme
A key issue is the country’s historic high interest rate of 22%, which has consumed around 60% of the budget.
Govt to address Chinese IPPs’ dues ahead of CPEC committee meeting, PM’s Beijing trip
With the government facing nearly Rs550 billion ($1.98 billion) in outstanding payments to Chinese Independent Power Producers (IPPs), there are plans to...
Foreign Direct Investment in Pakistan surges 52% to $258mn in MarchÂ
FDI inflows in 9MFY24 decreased by 9.7%, with a notable decline from China and the UAE
March sees highest monthly current account surplus of $619mn in nine years
Current account balance improves significantly, recording a deficit of $0.5 billion in 9MFY24
IMF maintains Pakistan’s economic growth forecast at 2% for FY24
Inflation in Pakistan will reduce to 24.8% in FY24, and slow further to 12.7% in FY25, report
Pakistan begins negotiations for multi-billion dollar IMF loan: Aurangzeb
The country seeks at least a three-year loan program, says finance minister
Federal govt borrows Rs4.8trn from banks in 9MFY24
Govt plans to borrow Rs 5 trillion in the final quarter (April-June) of FY24Â
UN report projects Pakistan’s GDP at 2% for FY24
GDP growth is expected to slightly rise to 2.3% in FY25, while inflation is predicted to drop to 12.2%, report