Fiscal Year 2024 Archives

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Fiscal Year 2024

Tag: Fiscal Year 2024

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
Mar 06, 2024

Banks in Pakistan record 1.26% increase in monthly deposits

The total deposits held by scheduled banks in Pakistan have witnessed a robust year-over-year increase of 21.66 per cent.

Business

Web Desk
Mar 05, 2024

Govt borrowing update: debt increases by Rs135.46 billion in one week

In the latest financial update, the government of Pakistan has added Rs135.46 billion to its debt during the week ending February 23, 2024.

Business

Web Desk
Feb 28, 2024

China rolls over $2 billion loan, easing pressures on Pakistan

In a noteworthy display of diplomatic goodwill during challenging times, China has agreed to roll over a $2 billion loan that was slated to mature in March.

Business

Web Desk
Feb 27, 2024

Pakistan clears Rs162.87 billion debt

The Government of Pakistan has retired a substantial debt of Rs162.87 billion in the week ending February 16, 2024.

Business

Web Desk
Feb 23, 2024

Pakistan secures $315.6 million in external financing in January 2024

Pakistan has secured external financing amounting to $315.59 million in January 2024, as revealed in the latest monthly report.

Business

Web Desk
Feb 20, 2024

Pakistan sees major increase in cost of power generation

In January 2024, Pakistan witnessed a substantial 23 per cent surge in the cost of power generation, paired with a decline in generation.

Business

Web Desk
Feb 19, 2024

Fitch urges prompt action as Pakistan’s IMF SBA nears expiry

Fitch Ratings has warned that political uncertainty could complicate the country’s efforts to secure a new financing agreement with the IMF.

Business

Web Desk
Feb 17, 2024

Pakistan’s clothing exports surge by over 10%

PBS unveiled data indicating a notable growth in textile and clothing exports for the second consecutive month in January.

Business

Web Desk
Feb 13, 2024

Passenger car sales in Pakistan surge by over 58%

In January 2024, there was a notable surge in passenger car sales, increasing by 58.71 per cent month-on-month (MoM) to reach 7,802 units, surpassing the 4,916 units recorded in December 2023, as per the latest data from the Pakistan Automotive Manufacturers Association (PAMA).