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Policy rate to remain at 7%: SBP
The State Bank of Pakistan (SBP) in its Monetary Policy Committee has announced its decision to maintain the policy rate at 7%.
According to the statement issued by SBP, the Monetary Policy Committee observed that noted current stance of…
IMF to provide US$ 500 million to Pakistan, staff-level agreement signed
International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan over the provision of US$ 500 million.
As per details, a staff-level agreement has been reached between Pakistan and IMF over the provision of US$ 500…
Bitcoin at ‘all-time high’ following Elon Musk’s statement
Bitcoin prices are at all-time high following Elon Musk’s announcement to invest in the cryptocurrency.
As per details, Bitcoin prices have risen by 22 % after Elon Musk – Tesla and SpaceX founder and chief, announced to invest US$ 1.5…
Pakistan reports drop in inflation to 5.6%
Pakistan has reported a significant drop in inflation to 5.6 % for the month of January.
According to Pakistan Bureau of Statistics (PBS), Pakistan’s annual inflation rate has witnessed a significant drop and is reported to be at 5.65% for…
Pakistan to revive IMF loan program, raise power tariff to address circular debt issue
Pakistan is set to revive its International Monetary Fund (IMF) loan program and raise power tariff in order to address its rising circular debt.
As per details, government plans to increase power tariff by Rs 3.30 and revive IMF loan…
Pakistan reports 18.3% increase in exports
Pakistan has reported a significant 18.3% increase in exports in December 2020 last month.
As per details, Pakistan has witnessed a significant 18.3% increase in exports amounting to US$ 2.357 billion for the month of December 2020.
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PSX surpasses 44,000 mark after more than two years
Pakistan Stock Exchange (PSX) crossed the 44,000 mark after more than two years on Friday January 1st a day earlier.
As per details, government’s efforts to tackle power sector’s circular debt along with various policies aimed at boosting…
Pakistan, World Bank ink US$ 304 million loan agreement
Pakistan and World Bank (WB) have signed another loan agreement worth up to US$ 304 million.
The US$ 304 million loan is aimed at providing essential financial assistance for the Punjab Resource Improvement and Digital Effectiveness…
Notable rise in Large Scale Manufacturing output: PBS
According to Pakistan Bureau of Statistics (PBS), large scale manufacturing (LSM) output has reported an increase of 3.95 per cent during the month of October.
The LSM output has showcased an increase of 6.66 per cent for October 2020 when…
Pakistan reports 30 % increase in exports to China
Pakistan has reported a 30 per cent increase in exports to China over a 12-month period from November 2019 to November 2020.
As per details, the trade balance between Pakistan and China has reflected significant improvement after a 30 per…