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Business

Web Desk
Mar 08, 2024

Workers’ remittances dip by 6.18% in February

In a recent report by the State Bank of Pakistan (SBP), workers’ remittances for February witnessed a month-over-month (MoM) decline of 6.18 per cent, amounting to $2.25 billion compared to the previous month’s $2.4 billion.

Business

Web Desk
Feb 07, 2024

SBP reports massive drop in currency circulation

It has been revealed that the currency in circulation within the Pakistani economy has experienced a notable decline.

Business

Web Desk
Jan 09, 2024

Debt dilemma: Pakistan’s high bank borrowings defy revenue success

In a disconcerting development, the government of Pakistan’s borrowings from banks have witnessed a troubling upward trend, raising alarms about the country’s deepening debt situation and casting shadows over its poised positive economic outlook.

Business

Web Desk
Jan 06, 2024

Federal govt’s debt rises by 1.5%, surpassing Rs63 trillion

In November 2023, the overall debt burden of the federal government, encompassing both domestic and external obligations.

Business

Web Desk
Dec 15, 2023

Pakistan’s exports to Saudi Arabia surge 47%, trade deficit narrows

In a promising economic development, Pakistan has witnessed a significant uptick in its exports to Saudi Arabia, marking a positive shift in the trade dynamics between the two nations.

Business

Web Desk
Dec 14, 2023

PKR shows resilience, closes at Rs283.51 against USD

Pakistani rupee (PKR) demonstrated strength by appreciating 10.02 paisa against the US dollar, settling the trade at PKR 283.51 per USD.

Business Pakistan

Web Desk
Dec 08, 2023

Pakistan earns over $206 million by providing transport services

In the initial quarter of the fiscal year 2023–24, Pakistan generated a total of $206.928 million through providing diverse transport services in various nations.