ADB’s $500m loan lifts reserves
Rupee stays range-bound, gold dips amid renewed investor confidence Pakistan’s foreign exchange reserves received a $500 million boost from the Asian Development Bank (ADB) under its Climate Change and Disaster…
Pakistan’s Current Account Posts $349 Million Surplus in October 2024
Pakistan’s current account posted a third consecutive monthly surplus of $349 million in October 2024 compared to a deficit of $287 million in the same month of the previous fiscal…
SBP Cuts Key Interest Rate 4th Time in 4 Months
The State Bank of Pakistan (SBP) announced on Monday that it has decreased the interest rate by 250 basis points to 15 percent, effective November 4, 2024. The announcement was…
Pakistan’s Reform Package Good for FDI, Fiscal Sustainability, SOEs
The reform package that the government of Pakistan has put together has several objectives including achieving fiscal sustainability by addressing some of the long-awaited fiscal issues. This was stated by…
IMF Projects GDP Growth at 3.2% for Pakistan in FY25
The International Monetary Fund (IMF) has projected the GDP growth rate for Pakistan at 3.2 percent for fiscal year 2025 against 2.4 percent in fiscal year 2024. The Fund in…
Good news for Pakistan’s foreign exchange, economy
In a positive development has emerged for Pakistan’s export sector, which will likely boost foreign exchange, and strengthen the country’s economy, ARY News reported on Thursday. As per the received…