IMF revises Pakistan GDP forecast for FY25 down to 3%
The International Monetary Fund (IMF), has downgraded Pakistan’s gross domestic product (GDP) growth projections for 2025 to 3% from the previous forecast of 3.2% in…
Business
UAE rolls over $2bn deposit for another year, confirms SBP
The State Bank of Pakistan (SBP) confirmed on Thursday that the United Arab Emirates (UAE) has agreed to roll over two $1 billion deposits for…
Govt hikes petrol price by Rs3.47 per litre
The federal government has increased the price of petrol by Rs3.47 per litre for the next fortnight, according to an official statement issued on Wednesday….
Remittances see ‘record increase’ in December with $3.1bn inflows
The State Bank of Pakistan on Friday said remittances from overseas Pakistanis recorded inflows of $3.1 billion in December which Prime Minister Shehbaz Sharif hailed…
Pakistan’s per capita GDP sees positive growth
Pakistan achieved a per capita GDP of $1,680 in FY2024, with projections for FY2025 estimating growth to $2,405, showcasing economic recovery and resilience. Islamabad’s per…
Nepra notifies refunds for power consumers
The National Electric Power Regulatory Authority (Nepra) on Tuesday notified negative fuel cost adjustment (FCA) of 76 paise per unit for ex-Wapda distribution companies (Discos)…
Gold prices see hike in Pakistan
The price of 24 karat per tola gold increased by Rs.1,000 and was sold at Rs 277,000 on Wednesday January 08, 2025 against its sale…
Pakistan’s exports see 10.52% boost, reaching $16.5B in FY2024-25
Pakistan’s exports reached $16.5 billion during the first six months of fiscal year 2024-25, recording a 10.52% increase compared to $14.9 billion in the same…
PSX hits new record high
The capital market continued its bullish momentum into the second trading session of the New Year crossing 118,000-point mark for the first time in history….
PSX starts new year with strong rally gaining 1,828 points
The capital market opened the year on a positive note, supported by renewed optimism surrounding economic reforms and strategic initiatives. The Pakistan Stock Exchange’s (PSX)benchmark…