The State Bank in Pakistan (SBP) has released Sponger payment systems review For Q2 FY25, it reveals a significant rise in retail selling payments. Transactions grew by 11 % in size and 12 % in value, up to 154 trillion rupee, driven by increasing the adoption of digital payment channels. Digital payments constituted 88 % … Read more
Pakistani rice exports registered a remarkable growth of 19% during the first half of the current fiscal year, despite global trade turmoil and intense competition from regional players. From July to December 2024, the country exported 3.06 million tons of rice worth $1.87 billion, compared to 2.57 million tons worth $1.64 billion in the same … Read more
Pakistan Textiles Group’s exports rose by 9.67% during the first half (July-December) of fiscal year 2024-25, reaching $9.084 billion compared to $8.283 billion in the same period last year, according to Pakistan Bureau of Statistics (PBS) data. ). Textile exports in December 2024 saw an increase of 5.55% year-on-year, reaching $1.477 billion compared to $1.399 … Read more
Gas & Oil Pakistan Limited (GO) has significantly increased its market share in the domestic petrol and high-speed diesel (HSD) segments during the first half of the current financial year, surpassing all other oil marketing companies (OMCs). The data reveals that GO’s combined share in gasoline and HSD sales rose by 6.7 percentage points, to … Read more
The government has yet to receive any of the $9 billion budgeted term deposits for the first four months of the current fiscal year (July-October 2024-25), compared to $3 billion made during the same period last year, according to data from the Department of Finance. Economic Affairs (EAD). For fiscal year 2025, the government expects … Read more
Remittances sent by Pakistanis working abroad are expected to reach $35-36 billion by the end of the current fiscal year 2024-25, according to data compiled by Topline Securities. This would be a 16% year-on-year increase from incoming remittances during the previous fiscal year 2023-2024. According to data from the State Bank of Pakistan (SBP), workers’ … Read more