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 FY2024-25Â
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 AprilÂ
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
Pakistan’s debt and liabilities hit record Rs81trnÂ
This debt is now equal to three-fourths of the national economy and is about 15% higher than defined in the Fiscal Responsibility and Debt Limitation Act.
LSMI output grows by 2.04% YoY
The growth marks a positive trend in the industrial sector, highlighting ongoing momentum in manufacturing activities