Economy shows signs of recovery in H1FY24, SBP report indicates
Country's economy sees recovery with 1.7% growth driven by agriculture, improved fiscal conditions
Operational costs of key sectors surge as sick units multiply
Closure of over 80% of sick units profoundly impacts various sectors, forcing layoffs and reducing shifts in large manufacturing units, while SMEs struggle to survive amidst financial constraints
Karachi to host green transhipment terminal by global giant Maersk
The leading global logistics firm, aims to set up Karachi's first Green Transhipment Terminal, aligning with Pakistan's investment and regional connectivity goals
Govt considers duty increase on key imports to protect reserves, farmers
In response to rising import costs and local agricultural distress, Pakistan is contemplating increased customs duties on imports of used cars and wheat
Cabinet committee principally approves 24 entities for Privatisation Programme
Priority shall be accorded to privatisation of loss-making entities
SBP-held reserves cross $9bn after IMF trancheÂ
Liquid foreign reserves held by the country stand at $14.45 billion as of May 3, 2024
Arif Habib Corp submits expression of interest for acquiring PIA
Arif Habib Corporation, along with Gerry's, has shown interest in purchasing a majority stake in the state-owned airlines, as per the latest developments announced by the company
PM orders establishment of Pakistan Skill Company to improve employment prospects for workers abroad
Premier emphasizes the establishment of Pakistan Skill Company and Skill Development Fund, alongside reforms in technical training, certification standards, and collaboration for better workforce outcomes domestically and internationally
T-bills attract $5m in April 2024, totaling $25.64m via SCRA
Foreign investor interest in Pakistan's T-bills remains strong, showcasing growing confidence in country's financial stability
PM Shehbaz targets Rs24tr revenue potential amid corruption challenges
The PM highlighted the potential to collect over Rs24 trillion in revenues, vastly exceeding the current annual target of Rs9.4 trillion, attributing the shortfall to corruption and inefficiency
OMCs record sales decline of 6% YoY in April 2024
The decline reflects shifts in product-wise and company-wise performance dynamics within the industry
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