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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