Car financing dips by 1.09% in July 2024
Auto financing in Pakistan saw its second consecutive year of decline, with outstanding loans dropping to to Rs.228 billion in July 2024 from Rs.230.5 billion in June, according to the State Bank of Pakistan. Moreover, over the past two years, total outstanding loans have shrunk by Rs138 billion, reflecting a
Pakistan’s current account deficit narrows by 78% in July
Pakistan’s Current Account Deficit (CAD) decreased by 78% in July 2024, dropping to $162 million from $741 million in the same month last year, according to the State Bank of Pakistan (SBP). However, the deficit was higher than anticipated due to an increased trade deficit of $2.4 billion reported by
