SBP jacks up policy rate by 300bps to 27-year high
The national inflation calculated on the basis of the consumer price index (CPI) has surged to 31.5% on an annual…
Economy
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President Alvi signs Finance (Supplementary) Bill 2023
Approval for “mini-budget” given under Article 75 of Constitution, as Pakistan seeks to unlock next tranche IMF’s loan facility. President…
FDI rises to over $220m in January
FDI drops 44.2% in first seven months of current fiscal year. FDI rises to over $220m in January. China, one…
National Assembly unanimously approves much-needed mini-budget
The mini-budget’s approval comes as the government continues its talks with the IMF. National Assembly unanimously approves much-needed mini-budget. The…
Pakistan current account deficit falls to $0.2 billion in January: SBP
CAD decreased to $3.8bn in first seven months of current fiscal year. Pakistan current account deficit falls to $0.2 billion…
Fitch Ratings downgrades Pakistan to ‘CCC-‘
Downgrade reflects sharp deterioration in external liquidity, funding conditions, decline of foreign exchange reserves. Fitch Ratings downgrades Pakistan to ‘CCC-‘….
Rs170bn in taxes to be imposed through mini-budget prior to IMF deal: Ishaq Dar
Dar says some reforms suggested by IMF are in Pakistan’s favour. Rs170bn in taxes to be imposed through mini-budget prior…
FBR’s tax collection target in January ‘exceeded by Rs4bn’
FBR shows growth of 23% compared to same month last year. FBR’s tax collection target in January ‘exceeded by Rs4bn’….
Pakistan fails to improve on Corruption Perceptions Index
Pakistan further declines with score of 27, worst in a decade. Amid an economic crisis, Pakistan failed to improve in…
Miftah Ismail says dollar cap caused $3bn loss
Would have been better if 9th review was passed in Oct, says Miftah. Miftah Ismail says dollar cap caused $3bn…