Pakistan’s trade deficit with nine neighboring countries rose sharply by 43.22% to reach $5.328 billion in the first half of fiscal year 2025 (1HFY25), compared to $3.72 billion in the same period last year, according to data from the Bank Pakistani state. SBP). The widening trade gap is primarily due to a significant increase in … Read more
Foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $30.7 million (0.25% y-o-y) to $12.08 billion during the week ending December 13, 2024, according to data released by the State Bank of Pakistan on Thursday. The country’s total reserves also saw a slight increase of $31.8 million (0.19% year-on-year), reaching $16.63 … Read more
Islamabad: The Prime Minister’s Committee on IT Export Remittance, in a meeting on Friday, noted that while Pakistan’s IT exports are increasing steadily, a major portion of the profits remains unremitted as many IT companies fail to repatriate the full amount. of its foreign income. The meeting, chaired by Finance and Revenue Minister Senator Muhammad … Read more
Power generation in Pakistan fell to 12,487 GWh in September 2024, representing a 6% decline year-on-year compared to 13,339 GWh produced in the same month last year. On a monthly basis, power generation fell 5.3% from August’s total of 13,179 GWh. Experts attributed the decrease in production to weak economic conditions, as well as an … Read more
A broker takes a picture of the trading screen at the Pakistan Stock Exchange. – Reuters/File After a day of flat close, stocks jumped on Thursday, testing the 83,000 resistance level as easing inflation pressures and hopes of further interest rate cuts, coupled with improving economic indicators, prompted investors to snap up high-yielding stocks. … Read more