In the initial four months of the ongoing financial year, data from the State Bank of Pakistan (SBP) reveals a significant year-on-year decrease in the current account deficit. During this period, the current account deficit has seen a noteworthy shift, plummeting from $3.107 billion in the ...

The State Bank of Pakistan (SBP) has reported a significant reduction in the domestic current account deficit (CAD) for September 2023. In this month, the deficit amounted to just $8 million, showcasing a remarkable decline. Moreover, when comparing the CAD for September 2023 with the same month ...

President Dr Arif Alvi Friday penned a letter to Prime Minister Shehbaz Sharif, emphasising that all concerned executive authorities of the federal and provincial governments should be directed to refrain from abuse of human rights and also to assist the Election Commission of Pakistan (ECP) to ...

Pakistan’s current account deficit (CAD) decreased by 86 percent on a year-on-year (YoY) basis to clock in at $74 million in February 2023, data released by the State Bank of Pakistan (SBP) showed on Monday. The country recorded a current deficit of $0.52 billion during the same period of the ...

Minister of State for Petroleum Dr Musadik Malik Wednesday warned the elements involved in hoarding petroleum products and creating artificial fuel shortage of ‘dire consequences.’ “Sufficient useable stocks of petroleum products are available in the country to meet needs of petrol [363,085 ...

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 ...

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 ...

ISLAMABAD - PTI chairman Imran Khan has said that the PML-N and the PPP have a created a system of rigging in the elections. Addressing the PTI National Council on Monday, he said that the PTI had introduced the electronic voting machine (EVM) for transparent elections. "The Election Commission ...

link link link. link *KARACHI: Pakistan’s current account deficit reached $1.03 billion in March 2022, compared to $369 million recorded in the same period of the previous year, the data released by the State Bank of Pakistan (SBP) showed on Saturday.* The SBP said a “turnaround in ...