Economy
SBP releases first quarterly report on state of economy
Karachi, January 07, 2020: The State Bank of Pakistan today released its First Quarterly Report on the State of Pakistan’s Economy for FY20. According to the report, Pakistan’s economy moved progressively along the adjustment path during the first quarter of FY20. The macroeconomic stabilization process picked up momentum with the initiation of the IMF’s Extended…
Food inflation normalizes to pull down CPI by 0.34pc
Karachi, January 02, 2020: Headline inflation for December stood at 12.63 percent YoY, slightly lower than 12.67 percent in Nov-2019. Moreover, cumulative CPI for 1HFY20 averaged 11.1 percent YoY. Read More: Inflation rate to be eased to 5pc in medium-term The real story of the month though was the sequential decline of 0.34 percent MoM…
China’s border trade with Pakistan increased significantly this year
Beijing, December 30, 2019: With the construction of the China-Pakistan Economic Corridor (CPEC) and Pakistan’s domestic economic growth, the trade volume surged this year at a major border port between China and Pakistan. Cargo import and export reached 66,600 tonnes in the first 11 months at Khunjerab Pass in northwest China’s Xinjiang Uygur Autonomous Region,…
Pakistan’s debt falls by 3.3pc of GDP: IMF
Islamabad, December 28, 2019: Pakistan’s general government debt (including guarantees & IMF borrowing) during the first quarter of current fiscal year, showed significant decline as it fell to 84.7 percent of Gross Domestic Product (GDP), however by the end of previous year, the country’s debt had risen to 88 percent of GDP. A recently published…
Challenging times for US Investors despite better Perception of Pakistan
Karachi, December 12, 2019: According to a perception survey conducted by the American Business Council (ABC), Over 59% of the respondents indicated that the international perception of Pakistan had become better. This is a marked improvement over FY17-18 when 57% of participants rated it as being the same. However, 61% of the respondents rated the…