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 […]
In today’s competitive business landscape, securing contracts through a tendering process has become a vital aspect of business growth and sustainability. Companies, both large and small, often rely on tendering to win projects and expand their operations. Understanding how to navigate the tendering process effectively can significantly impact the success of a business. In this […]
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