SBP-held reserves fall to less than a month’s import cover
Forex reserves have decreased by $345m to $4.2bn. SBP-held reserves fall to less than a month’s import cover. As Pakistan…
Economy
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Pakistan exits European Union’s ‘List of High-Risk Third Countries’
Islamabad was placed on the infamous list back in 2018, after which several regulatory restrictions were imposed on Pakistan. Pakistan…
IMF rejects govt’s proposal to increase BISP coverage
IMF asks Pakistan to use data to provide targeted subsidies. IMF rejects govt’s proposal to increase BISP coverage. The government’s…
Chinese bank deposits another $500m to Pakistan
Ishaq Dar says SBP received the amount in its account. Chinese bank deposits another $500m to Pakistan. Pakistan on Friday…
US willing to cooperate with Pakistan over IMF deal: US envoy
Donald Blome hopeful of Pakistan-IMF deal soon. US willing to cooperate with Pakistan over IMF deal: US envoy. US Ambassador…
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…
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…