Profits Soar: Record 447% Surge, Repatriating $163.7 Million
In a significant development, Pakistan has recently taken steps to boost foreign investments and ease restrictions on the repatriation of profits earned by multinational companies. This decision comes as the country experiences increased supplies of US dollars in its domestic economy, which is sending a positive signal to global investors and encouraging them to consider […]
IMF Funding On The Horizon: Pakistan Closes In On $710 Million Tranche
Pakistan is on the verge of securing $710 million in funding from the International Monetary Fund (IMF). Economic experts are confident that this financial boost is imminent due to Pakistan’s substantial progress in meeting the fiscal and monetary targets set in their agreement with the IMF. The IMF is slated to review Pakistan’s financial performance […]
Trade Deficit Reduced by 31% As Exports Go Up By 4.18%
Pakistan’s trade deficit has shown promising signs in the first quarter of the fiscal year 2023-24, with a remarkable reduction of 42.25 percent. This figure dropped significantly, down to $5.289 billion, from the $9.159 billion recorded during the same period in the previous fiscal year, according to data released by the Pakistan Bureau of Statistics […]
Economic Equilibrium: Pakistan’s Current Account Deficit Breaks Even
In September 2023, Pakistan’s economic landscape witnessed a substantial shift, as the country’s current account balance came remarkably close to breaking even, with a nominal deficit of $8 million. While this figure fell slightly short of market expectations of a surplus, it marks a substantial improvement compared to previous months. The State Bank of Pakistan […]