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Mohiuddin AazimDawn Business |
As the ongoing crackdown on currency and commodity hoarding and smuggling remains in the news, rising fuel and energy prices, with their fallout...
In FY23, the private sector’s net borrowings from commercial banks stood at Rs211 billion — just 5.5 per cent of the government’s net borrowings...
The International Monetary Fund (IMF) says Pakistan’s economy can grow 2.5per cent this fiscal year. This modest growth will be achieved on a low...
On June 6, Khalid Mehboob attempted self-immolation outside Karachi Press Club as he was unable to repay a loan he owed to a ‘loan shark’. On June...
The current fiscal year that began on July 1 may turn out to be another year of low growth and high inflation due to political instability,...
Pakistan has made every effort to secure the last tranche worth $1.1 billion of a $6.5bn International Monetary Fund (IMF) loan stalled since November...
Yearly headline inflation hit 38 per cent in May 2023. This means that on average, the purchasing power of the rupee was down 38 per cent in May...
Forex-starved Pakistan earned $2.6 billion last fiscal year through exports of information and communication technology (ICT) services. And within ten...
In a little more than 10 months of this fiscal year, between July 1, 2022, and May 5 2023, the federal government’s borrowings from banks more than...
The current fiscal year rendered an estimated four to five million Pakistanis jobless and threw 20-30m below the poverty line. Moreover, record high...
Here is good news! Corporate earnings in the first nine months of this fiscal year remained robust despite flat economic growth, according to a recent...
Pakistan’s overall external debt and liabilities stood around $126.35 billion at the end of December 2022 against our annual exports of goods and...
In nine months of this fiscal year (between July 2022 and March 2023), the PML-N led government borrowed more than Rs2 trillion from banks to meet...
In February this year, annualised food inflation shot up to 41.9 per cent in urban areas and 47pc in rural areas of Pakistan. In February last year,...
In a little over eight months of this fiscal year (between July 1, 2022, and March 3, 2023), the PML N-led federal coalition government borrowed...
On the insistence of the International Monetary Fund (IMF), the federal government and the State Bank of Pakistan (SBP) did something last week that...
From an all-time low of Rs276.58 a US dollar on February 3, the rupee gradually rose to 259.99 on February 24 — a recovery of 6 per cent — as...
The recent increase in fuel oil and gas prices is extremely inflationary and devastating for the vast majority of the 225 million Pakistanis. These...
The State Bank of Pakistan’s (SBP) decision to reintroduce market-driven exchange rates from Jan 26 has started paying off dividends. After...
Recently, the rupee lost roughly 20 per cent value within seven trading sessions. It fell from Rs230.89 to a US dollar on January 25 to 276.57 per...
Foreign exchange reserves of the State Bank of Pakistan (SBP) plunged to $3.678 billion on January 20 from $4.601bn due to external debt repayments....
Food inflation that was already high before the 2022 monsoon floods in Pakistan further accelerated after the floods, particularly in rural areas. In...
Pakistan is facing a severe foreign exchange crisis. The State Bank of Pakistan (SBP) has effectively stopped banks from retiring letters of credit or...
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