KARACHI – The State Bank of Pakistan has revised annual growth forecasts to 3-4 percent for the current fiscal year. In the Annual Report, the central bank projects real Gross Domestic Product growth below the previously announced range for the current fiscal year, citing massive floods, and ...

Pakistan’s current account deficit decreased by over 85 percent on a year-on-year (YoY) basis to clock in at $0.28 billion in November, data released by the State Bank of Pakistan (SBP) showed on Friday. The country had posted a deficit of $1.9 billion in November 2021. On a month-on-month ...

The Pakistani rupee has weakened further and lost another five paisa in the interbank on Tuesday mainly due to foreign payment demand and emergence of black market. According to the data provided by the money dealers, the rupee receded again during today’s trading activity giving way to the ...

ISLAMABAD - The fiscal deficit was recorded at 0.9 per cent of gross domestic product (GDP) during the first two months of the current fiscal year against the deficit of 0.7 per cent of GDP during the corresponding period of last year. According to the monthly Economic Update and Outlook October ...

The Statistics Bureau of Pakistan (SBP) Tuesday said that consumer inflation in October accelerated to 26.6% in comparison to 2021 same month. The inflation has increased by 4.7% prices from the previous month. Pertinent to note that in September, the consumer price index rose 23.2% on year, ...

The International Monetary Fund (IMF) has unveiled the World Economic Outlook and predicted Pakistan’s growth rate at 3.5%. The IMF’s World Economic Outlook report said that unemployment and inflation will further rise in Pakistan while the economic growth target would not be achieved. The ...

KARACHI – The Pakistani rupee remained under pressure on Monday, depreciating by Rs1.34 against the US dollar in the interbank market. According to the Forex Association of Pakistan, the local currency was changing hands at Rs222 per dollar at 11:45am, down 0.6 per cent. People believed that ...

Karachi: The Foreign Direct Investment (FDI) in Pakistan declined sharply on a Year-on-Year basis during July of the fiscal year 2023. The State Bank of Pakistan (SBP), in a provisional report on Tuesday, mentioned that Pakistan attracted FDI amounting to $58.9 million during July of FY23. This ...

KARACHI: Pakistan will get the $1.17 billion tranche from the International Monetary Fund (IMF) in six days’ time after approval from the Executive Board that is scheduled to meet on August 29, SBP Acting Governor Murtaza Syed told Bloomberg TV. Murtaza Syed said that the country’s forex ...

Imports (reported by PBS) are down by 37 percent from the previous month to $4.99 billion in July. The detailed numbers are out. The prime decline is in the petroleum imports -down 60 percent to $1.4 billion. Barring petroleum, the fall is mere 16 percent from $4.2 billion to $3.6 billion. And ...