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ISLAMABAD – In a historic financial turnaround, Pakistan’s fiscal surplus reached Rs1.7 trillion in the first quarter (July-September) for the current fiscal year 2024-25. This notable shift, after over two decades of continuous budget deficits, was driven by unprecedented profits from the State Bank of Pakistan (SBP) and record-breaking non-tax revenue. This fiscal surplus marks…

ISLAMABAD –The Ministry of Finance has released the monthly Economic Outlook Q1FY25 Report, which indicates an increase in remittances, exports, imports, and foreign investment Key Highlights of the Economic Outlook Report Inside Pakistan’s Economic Outlook Q1FY25 Report According to the report, remittances increased by 38.8% in the first three months of the current fiscal year,…

Karachi –A major policy rate reversal is likely with a 2% rate cut expected by SBP, as the State Bank of Pakistan prepares for its upcoming Monetary Policy Committee meeting on November 4, 2024. Analysts and market watchers expect the apex bank to reduce interest rates by at least 200 bps based on continuously easing…

Manila, Philippines – 29 October 2024 – In a major step ADB approves $500 million loan for Pakistan to enhance climate resilience and disaster preparedness, to support Pakistan’s efforts in reducing climate risks and strengthening disaster management. The Climate and Disaster Resilience Enhancement Program (CDREP) aims to fortify Pakistan’s ability to withstand and respond to…

ISLAMABAD: The profits repatriation on foreign investments in Pakistan surged 85% during the first quarter of the current fiscal year, according to recent data from the State Bank of Pakistan. Foreign investors repatriated profits and dividends $393.4 million between July and September this year, compared to $213 million for the same period a year ago….

The Pakistan Stock Exchange (PSX) was proudly recognized as the world’s best-performing stock market in 2024. Its sensational rise beyond 90,000 points on the KSE-100 index was propelled by the dynamics of the underlying economy and structural changes in Pakistan’s economy rather than mere government narrative or opposition critique. This article elaborates on the main…