In a significant boost to Pakistan’s struggling economy, the Asian Development Bank (ADB) has pledged to provide $2 billion annually in loans to Pakistan from 2024 to 2027. This commitment, amounting to a total of $8 billion over four years, comes at a crucial time as Pakistan grapples with mounting economic challenges, rising inflation, and […]
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 […]
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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