Shanghai, (Xinhua) October 23 2024: Dilma Rousseff, president of the New Development Bank (NDB), highlighted the immense potential and growth capacity of BRICS nations, declaring them significant players in the global economy. “In terms of GDP, BRICS countries have already surpassed the G7 in significance,” she noted. BRICS, which stands for Brazil, Russia, India, China,…
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…
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…
KARACHI, October 19, 2024: In a significant operation led by the Pakistan Customs at the International Mail Office (IMO), authorities have successfully intercepted 3.8 kilograms of marijuana concealed in parcels disguised as food items and candies. The operation was initiated following actionable intelligence passed by Collector JIAP Adeem Khan to ADC Airport Muhammad Faysal Khan,…
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…