Pakistans
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Pakistan’s SOEs losses hit Rs905 billion in FY23
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[ad_1] A repersentational image of a graph. — Unsplash Pakistan’s state-owned enterprises (SOEs) losses hit a staggering Rs905 billion in the fiscal year 2022-23, showing a 23% swell compared to the previous fiscal year of 2021-22. It was revealed in…
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Pakistan’s inflation to decline in FY25: Fitch
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[ad_1] The headquarters of Fitch Ratings Ltd. stands in the Canary Wharf business and shopping district in London, UK. — AFP As Pakistan prepares to enter a new International Monetary Fund (IMF) programme, Fitch Ratings has predicted a drop in…
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Challenging crosswinds: Pakistan’s trade pattern | The Express Tribune
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[ad_1] KARACHI: The latest indicators of external trade, released by the Pakistan Bureau of Statistics (PBS), show a continuing decline in trade deficit in the first 11 months of FY24, driven by rising exports and decreasing imports. The trade deficit,…
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Pakistan’s fiscal policy at a crossroads | The Express Tribune
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[ad_1] ISLAMABAD: Fiscal policy in Pakistan is usually far from a fine balancing act and is more of a reckless feat. It has long been marked by a contentious debate between austerity and stimulus measures – with the government oscillating…
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Saudi crown prince gives nod to accord with Pakistan’s spy agencies against terrorism
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[ad_1] Saudi Crown Prince and Prime Minister Mohammed bin Salman (centre) chairs a cabinet meeting on May 21, 2024. — Saudi Press Agency Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS) on Tuesday approved a cooperation agreement between the Presidency…
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Pakistan’s IT exports jump 62% to $310 million in April
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[ad_1] A representational image of a man using a mobile phone. —Pixabay/File Pakistan’s IT export remittances jumped to a record $310 million in April 2024 from $191 million in the same month last year, sercuring a 62.3% year-on-year (YoY) surge,…
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UN projects Pakistan’s economy to grow by 2% in 2024 | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan, which faces significant economic challenges, is expected to have “modest economic growth,” with its Gross Domestic Product (GDP) projected to expand by 2 per cent in 2024, according to a United Nations report. Noting that Pakistan had…
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Pakistan’s debt soars to record Rs81tr | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s total debt and liabilities increased at a double-digit pace to a new record of nearly Rs81 trillion during the past year, as the country grapples with finding new sources of financing to meet its growing debt servicing…
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Pakistan’s CPI inflation hits 17.3% in April — lowest since May 2022
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[ad_1] Women check rice prices at a main wholesale market in Karachi. — AFP/File Pakistan’s Consumer Price Index (CPI) based inflation rate came in at 23-month low of 17.3% year-on-year in April, latest numbers released by Pakistan Bureau of Statistics…
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IMF board likely to take up Pakistan’s case for release of last tranche
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[ad_1] This file photo taken on January 26, 2022, shows the seal for the International Monetary Fund (IMF) in Washington, DC. — AFP ISLAMABAD: The International Monetary Fund (IMF) Executive Board meeting is expected to discuss Pakistan’s request to release…
