In a recent development, Pakistan assures IMF of its dedication to maintaining a market-determined exchange rate. This commitment is a significant aspect of the ongoing collaboration between Pakistan and the IMF, aiming to stabilize the country’s economy, enhance financial transparency, and meet the conditions set forth in the IMF program. The assurance to maintain a…
In a noteworthy economic development, Pakistan’s textile exports have observed a decline of 5% in the first half of the fiscal year 2024. This decrease, as reported by industry analysts, raises concerns and calls for a closer examination of the factors contributing to this contraction in one of Pakistan’s key economic sectors. The textile industry…
Pakistan has embarked on discussions with the International Monetary Fund (IMF) to secure the final tranche of a $1.1 billion loan. This crucial financial negotiation is part of Pakistan’s ongoing collaboration with the IMF, aiming to address economic challenges, stabilize the financial landscape, and pave the way for sustained growth. The talks for the last…
In a promising development, the Egyptian Business Community is showing strong indications of investing in Pakistan’s auto and agriculture sectors. This potential collaboration signifies a positive stride in fostering economic ties between the two nations and holds the prospect of bringing valuable expertise and capital into key sectors of Pakistan’s economy. The interest expressed by…
In a remarkable economic upswing, the Foreign Direct Investment (FDI) in Pakistan has experienced an extraordinary surge, witnessing a staggering 538% increase in the month of December 2023. This unprecedented growth in FDI signals a robust vote of confidence from international investors in Pakistan’s economic potential and the conducive environment for foreign investments. The notable…
In a positive economic development, Pakistan has recently achieved its highest current account surplus in five months, signifying a noteworthy turnaround in the country’s external economic indicators. This surge in the current account surplus is indicative of improved economic resilience, prudent fiscal policies, and effective management of external trade dynamics. The latest data underscores a…
The bilateral Pak-Afghan Trade experienced a significant setback in December 2023, witnessing a year-on-year (YoY) decline of 16%. This dip in trade relations between the neighboring countries also translated to a month-on-month (MoM) decrease of 28% during the last month of the year. According to recent data, the total bilateral trade volume for December amounted…
Startup funding landscape in Pakistan has experienced a challenging year, witnessing a significant downturn with investments plummeting to $75.6 million in 2023, as revealed by Data Darbar. This marks a substantial 77.2 percent year-on-year (YoY) decline compared to the same period last year. The data further indicates that a notable portion of the funds, totaling…
In a remarkable turn of events, Pakistan’s witnessed a notable performance in its assets classes throughout 2023, reshaping the financial landscape for investors. Leading the charge was the benchmark KSE 100 Index, providing an impressive gain of 53% from January 01, 2023, till December 22, 2023, with four trading sessions yet to unfold. This exceptional…
inDrive, a leading travel platform, has unveiled an intriguing glimpse into the travel preferences of citizens of Pakistan through its recent intercity survey. As temperatures drop and the festive season approaches, the findings offer valuable insights for those planning cross-city escapades. Spontaneity Takes the Lead: With a zest for adventure, the survey reveals that 70%…
