Fiscal Year 2024 Archives

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Fiscal Year 2024

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Business

Web Desk
Aug 23, 2024

State Bank-held reserves rise, but $15 billion barrier remains unbroken

The State Bank of Pakistan (SBP) saw its foreign exchange reserves rise by $19.2 million, a 0.21 per cent increase, bringing the total to $9.29 billion for the week ending August 16, 2024, according to official data released by the central bank.

Business

Web Desk
Aug 16, 2024

Pakistan’s external debt-to-GDP ratio drops to 26 per cent, lowest in six years

Pakistan’s external debt-to-GDP ratio has fallen to a six-year low of 26 per cent by the close of the last fiscal year (FY24).

Business

Web Desk
Aug 15, 2024

Pakistan’s total debt, liabilities rise by nearly 11 per cent over the past year

Pakistan’s total debt and liabilities reached Rs84.91 trillion in FY2024, marking a 10.97 per cent increase from Rs76.51 trillion in FY2023.

Business

Web Desk
Jul 29, 2024

Pakistan sees $2.215 billion repatriation by foreign investors in FY24

In the fiscal year 2023-2024, foreign investors repatriated $2.215 billion in profits and dividends, according to SBP.

Business

Web Desk
Jul 09, 2024

M2 money supply in Pakistan surges by Rs1.27 trillion in a week

Broad money (M2), the key measure of money supply in Pakistan, surged by Rs1.27 trillion week-on-week to reach Rs36.4 trillion.

Business

Web Desk
Jun 26, 2024

Govt acquires additional Rs374.57 billion debt in one week

The government of Pakistan has incurred an additional debt of Rs374.57 billion during the week ending June 14, 2024.

Business

Web Desk
Jun 07, 2024

Overseas workers’ remittances surge by 54.2 per cent in May 2024

The State Bank of Pakistan (SBP) reported on Friday that overseas workers’ remittances increased by a significant 54.2 per cent year-on-year (YoY) in May, reaching $3.24 billion compared to $2.1 billion in the same month last year.

Business

Web Desk
Jun 04, 2024

Govt’s weekly borrowing surpasses Rs35 billion

The government of Pakistan has incurred an additional debt of Rs35.4 billion during the week ending May 24, 2024. .

Business

Web Desk
May 08, 2024

Pakistan’s govt borrowing hits Rs4.78 trillion for FY24

Pakistan has taken on an additional debt of Rs276.55 billion during the week ending April 26, 2024, bringing the country’s total net borrowing for the current fiscal year to Rs4.78 trillion.