FDI in Pakistan grows 27 per cent in November 2024
WEB DESK: Foreign Direct Investment (FDI) in Pakistan continued its upward trajectory in November 2024, with net inflows reaching $219 million, marking a 27 per cent increase from $172 million in the same month of FY24. The total FDI inflows for November 2024 amounted to $383 million, reflecting a significant
Pakistan’s exports surge by 14.1 per cent in Q1 FY24
According to data from the Pakistan Bureau of Statistics, Pakistan’s exports have witnessed a significant boost in the first quarter of the financial year 2024, with a 14.1 per cent increase compared to last year. From July to September 2024, exports reached $7.87 billion, up from $6.9 billion in 2023,
SBP records Rs3.4 trillion profit in FY24
The State Bank of Pakistan (SBP) posted a historic profit of Rs3.4 trillion for FY24, marking a significant boost to the cash-strapped federal government. According to audited accounts, the central bank’s earnings saw a remarkable rise from Rs1.1 trillion in FY23. Mohammed Sohail, CEO of Topline Securities, highlighted that the
Pakistan’s trade deficit narrows 15.25% YoY to $21.73bn in 11MFY24
WEB DESK: Pakistan’s trade deficit has shown positive signs, shrinking by 15.25% year-on-year during the July-May period (11MFY24) compared to the same period last year. This improvement is attributed to a notable increase in exports and a slight decline in imports, according to data released by the Pakistan Bureau of
Suzuki Alto was Pakistan’s best selling car in April 2024
Suzuki Alto became Pakistan’s best selling car in April following a massive increase in its sales last month. According to the Pakistan Automobile Manufacturers Association’s (PAMA) report, car sales increased by 12% in the country during April 2024. The report revealed that auto manufacturers sold a total of 10,500 units
