Lahore, Pakistan — As Pakistan strengthens its foreign exchange reserves in an effort to stabilize the economy, Citigroup has tempered expectations for any significant appreciation of the Pakistani rupee. Despite the promising buildup in foreign reserves, which is designed to shield the economy from a potential balance of payments crisis, several factors are at play […]
The Pakistani auto industry in August 2024 witnessed a mix of gains and declines, offering a glimpse into the ongoing challenges and opportunities in the market. Overall, the industry saw a 7% year-over-year (YoY) increase in sales, hitting 6,900 units, largely driven by strong performances from Indus Motors Limited (INDU) and Honda Atlas Cars (HCAR). […]
Pakistan’s central government debt has been on a relentless rise, reflecting deeper fiscal challenges that the country faces. As of July 2024, the debt stands at an alarming Rs69.6 trillion, marking a significant 12.67% increase compared to the same time in 2023. This steady climb in national debt is a clear indication that the country […]
Pakistan’s central government debt has reached an unprecedented level, standing at Rs69.6 trillion as of July 2024, marking a significant 12.67% increase from the previous year. This consistent upward trajectory in debt is a stark reflection of the country’s ongoing fiscal challenges. The latest data from the State Bank of Pakistan (SBP) underlines the pressing […]
In a bold move to stimulate economic growth, the government of Pakistan has set an ambitious target to increase remittances to $60 billion by the end of 2024. This target is central to Prime Minister’s broader economic agenda, which aims to enhance Pakistan’s financial stability, reduce reliance on external debt, and provide a sustainable source […]
In July 2024, Pakistan’s money supply took an unexpected turn, as the State Bank of Pakistan (SBP) reported a slight contraction in total money supply (M3). This shift signals a change in the economic landscape, as the growth trend observed in the previous months has been interrupted. Despite this monthly decline, the broader picture still […]
Pakistan’s economic indicators are showing encouraging signs of stability, leading to a projected decline in inflation rates. The Finance Division has forecast that the headline inflation rate will hover between 9.5% and 10.5% in August 2024, with the possibility of further reduction to 9-10% in September. This trend is a significant shift in the economic […]
The power sector in Pakistan has long been plagued by inefficiencies, high costs, and structural challenges that have hindered economic growth and development. Independent power producers (IPPs), who play a vital role in generating electricity for the country, have recently stepped forward to seek solutions by engaging in direct discussions with top military leadership. These […]
Pakistan reached a significant economic milestone in August 2024, recording single-digit inflation for the first time in three years. This achievement was highlighted by a Consumer Price Index (CPI) drop to 9.6%, marking a pivotal moment for the country’s economic trajectory. Despite a slight monthly increase of 39 basis points, this is a considerable improvement, […]
In recent times, the global energy landscape has witnessed a sharp decline in oil prices, providing a financial reprieve for nations that rely heavily on oil imports. Among these countries is Pakistan, a developing economy with significant energy demands and limited domestic production of fossil fuels. As a net importer of crude oil, Pakistan has […]
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