Karachi, March 02, 2021: Headline inflation increased to 8.70 percent YoY in February, compared to 5.65 percent YoY in the preceding month. This was expected, given the hike in electricity charges. Electricity charges were the key contributor to a higher CPI in February, increasing by ~29 percent MoM. Over half of the MoM increase in…
KARACHI, February 25, 2021: With the result season in full swing at the Pakistan Stock Exchange, different businesses linked to the agricultural economy have shown strong financial performance, depicting improved farm economics and robust agricultural growth. Despite the COVID-19 and locust attack challenges, the total industry sales of urea were around 5.95 million tons in…
Lahore, February 25, 2021: All Pakistan Textile Mills Association (APTMA) has out rightly rejected proposal of allowing import of Cotton Yarn from India. Zahid Mazhar, Sr. Vice Chairman APTMA, while commenting on the statements of Pakistan Hosiery Manufacturers Association and Pakistan Textile Exporters Association said that their narrative is not based on facts and they…
Karachi, October 22, 2020: Pakistan Current Account (C/A) clocked in a surplus of US$73 million in Sept-2020 compared to a surplus of US$211 million in Aug-2020. This was the third consecutive month that Pakistan’s Current Account has recorded a surplus, taking 1QFY21 CA surplus to US$792 million compared to 4QFY20 deficit of US$286 million. The…
Karachi, September 14, 2020: Advisor to PM on Finance Dr Abdul Hafeez Sheikh had an interactive session with foreign investors at OICCI on September 12th, during which he gave a comprehensive overview of the challenges faced by the economy in the past two years and how the GOP has successfully managed to stabilize the economy…