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
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