Auto industry lays off thousands as sales decrease by 70%
Industry official says raw materials worth billions of rupees stuck at port. Auto industry lays off thousands as sales decrease…
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Rupee nosedives to all-time low of 290 against dollar amid political tumult
Moody’s Investor Service warned without an IMF programme, Pakistan could default. Rupee nosedives to all-time low of 290 against dollar…
Current account posts surplus for first time since Nov 2020
During the last nine months, CAD has declined 74.1% year-on-year. Current account posts surplus for first time since Nov 2020….
SBP jacks up key rate to record high of 21%
Inflation measured by the Consumer Price Index (CPI) reached an all-time high of 35.37 per cent year-on-year. SBP jacks up…
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…
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…
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…
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…
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…
Rupee takes a hammering, falls to historic low of 255 against dollar in interbank
Dollar down over Rs24.11 in interbank and more than Rs12 in open market. Rupee takes a hammering, falls to historic…