sharply Archives | The Biz Update

Economy

CPI increases sharply to 8.70pc YoY in February

The Biz Update4 years ago02 mins

Karachi, March 02, 2021: Headline inflation increased to 8.70 percent YoY in February, compared to 5.65 percent YoY in the preceding month. This was expected, given the hike in electricity charges. Electricity charges were the key contributor to a higher CPI in February, increasing by ~29 percent MoM. Over half of the MoM increase in…

Business

CA declines sharply 32 pc in FY19

The Biz Update5 years ago1 year ago04 mins

Islamabad, July 17, 2019: Pakistan’s current account deficit declined sharply 32 percent during the last fiscal year (FY19) due to regulatory reforms to cut the import bill. According to State Bank of Pakistan (SBP), Pakistan current account deficit was $ 13.587 billion in FY19 compared to $19.897 billion in FY18, showing a declined of $…