Karachi, January 29, 2019; The State Bank of Pakistan (SBP) on Tuesday released its First Quarterly Report on the State of Pakistan’s Economy for FY19. According to the report, the overall macroeconomic environment remained challenging during the first quarter of FY19 as suggested by the preliminary data. The primary concern was the steep rise in global…
KARACI, January 20, 2019: Following are some important economic news of the last week: The government found another reason to sigh with relief as the crucial current account deficit (CAD) slipped slightly by 4.4% to $7.98 billion, driven by a fourth quarter decline of 10%, according to data released by the State Bank of Pakistan…
KARACHI, January 17, 2019: The latest edition of Global Economic Conditions Survey (GECS) from ACCA (the Association of Chartered Certified Accountants) and IMA (Institute of Management Accountants) finds Pakistan’s economic confidence fell sharply in the final quarter of 2018. The global poll of 3,800 accountants found Pakistan’s economy to be amongst the lowest in the South Asia region as it continues to…