Despite slow development since February and growth in economic activity fluctuating about 4% for the previous two months, inflationary and external sector risks are generating macroeconomic imbalances in the nation, according to the Ministry of Finance’s Monthly Economic Update & Outlook.Furthermore, economic activity in Pakistan’s major trading partners has beenRead More →

Pakistan’s liquid foreign reserves were depleted by $377 million in the week ending April 23, 2022, a 2.2 percent drop from the previous week.According to the SBP weekly report issued on Thursday, the country’s total liquid foreign currency reserves fell by $376.7 million (-2.2 percent) to $16.668 billion on AprilRead More →

The government raised Rs. 376 billion through a fixed-rate Pakistan Investment Bonds (PIBs) auction on Thursday, compared to a target of Rs. 100 billion.According to central bank statistics, the cut-off rates for all maturities increased by 120-145 basis points (bps) during the paper auction.The three-year PIB cut-off yield increased byRead More →

Pakistan State Oil Co. Ltd. (PSO), Pakistan’s primary oil marketing business, continues to dominate the energy industry, posting the highest-ever nine-month profit after tax of Rs. 64.8 billion, up 690 percent or 6.9x over the same time previous year.In the preceding 9MFY21, it made a profit of Rs. 18.2 billion,Read More →

KARACHI: The high demand for US dollars weighed on the rupee, which fell to an all-time low of Rs184.09 after losing another 61 paise in the interbank market on Friday. Since August 2021, the local currency has lost more than 16% versus the US dollar. The State Bank’s foreign exchangeRead More →