Economy
Pakistan Reports Current Account Surplus in September 2024
Karachi, October 22, 2024: Pakistan has reported a current account surplus of USD 119 million for September 2024, a notable turnaround from the USD 218 million deficit recorded in the same month last year. This marks the second consecutive month of surplus, reflecting a positive shift in the country’s economic landscape. The improvement in the…
KSE-100 Index Gains 409 Points Amid Bullish Momentum
Karachi, October 22, 2024: The KSE-100 index witnessed a robust upward trend today, reaching an intraday high of 788 points before closing at 86,466, marking a gain of 409 points or 0.48%. The positive movement was largely driven by institutional buying and stronger-than-expected corporate earnings. SYS, from the technology sector, surged by 7.41% following the…
Lucky Cement Completes 28.8 MW Wind Power Project, Pioneering Clean Energy Adoption
Karachi, October 22 2024: Lucky Cement has completed and commissioned its 28.8 MW captive wind power project at the Company’s Karachi Plant. The project, executed within the stipulated timelines and budget, officially commenced operations on 22nd October 2024. This significant milestone makes Lucky Cement the first company in Pakistan to implement a hybrid renewable energy…
Country Achieves Monthly Current Account Surplus of USD 119 Million in September 2024
KARACHI, October 21 2024: The country has reported a monthly Current Account surplus of USD 119 million for September 2024, marking the highest surplus since April 2024. This significant turnaround comes after five consecutive months of deficits and represents a notable improvement compared to a deficit of USD 218 million recorded in September 2023 and…
SBP releases governor’s annual report 2023-24
KARACHI, October 18 2024: In the fiscal year 2024, I witnessed improvements across key macroeconomic indicators after two challenging years, according to the Governor’s Annual Report (GAR) for FY24 released by the State Bank of Pakistan (SBP) today. GAR is published under Section 39 (1) of the SBP Act, 1956 (as amended up to January…