KARACHI, October 24 2024: The All Pakistan Textile Mills Association (APTMA) is calling on the Monetary Policy Committee (MPC) to reduce interest rates by at least 400 basis points in its upcoming meeting on November 4, 2024. In light of the current economic climate, APTMA emphasizes that immediate action is necessary to alleviate financial pressures…
Islamabad, July 18, 2024: The Pakistan Bureau of Statistics (PBS) report indicates that the country’s population is projected to double by 2050 if the current growth rate persists. The report from the 7th Population Census highlights that Pakistan has the highest population growth rate in the region. According to the findings, there are 21.26 million…
Islamabad, October 27 , 2023 : The weekly inflation, measured by the Sensitive Price Indicator (SPI), witnessed decrease of 0.33 percent for the combined consumption group during the week ended on October 26, the Pakistan Bureau of Statistics (PBS) reported on Friday. The SPI for the week under review in the above-mentioned group was recorded…
Islamabad, October 19 , 2023 :The exports from the country in the rupee term witnessed an increase of 25.54 percent during the first quarter (Q1) of the current fiscal year as compared to the corresponding period of last year, the Pakistan Bureau of Statistics (PBS) reported. Exports during July-September (2023-24) were recorded at Rs.2,013,533 million…
Islamabad, October 19, 2023 : Pakistan earned US $448.971 million by providing different Information Technology (IT) services in various countries during the first two months of the current fiscal year 2023-24. This shows a growth of 5.15 per cent as compared with the US $427.000 million earned through the provision of services during the corresponding…