Pakistan’s remittance surge 35 per cent in first four months of FY25
KARACHI: The latest statistics from the State Bank of Pakistan (SBP), issued on Friday, show that remittances by expatriate Pakistani laborers rose by 34.7 per cent in the first four months of the current financial year 2025, hitting $11.8 billion as opposed to $8.8 billion during the same interval last
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,
IMF projects Pakistan’s GDP growth at 3.2 per cent for FY25
The International Monetary Fund (IMF) has projected Pakistan’s GDP growth to reach 3.2 per cent during FY25, an increase from the 2.4 per cent recorded in the previous fiscal year. This forecast surpasses the Asian Development Bank’s (ADB) projection of 2.8 per cent growth for the current fiscal year. In
Pakistan’s trade deficit narrows to $3.6 billion in FY25
Pakistan’s trade deficit slightly reduced to $3.6 billion during the first two months of the fiscal year 2024-25, primarily due to an increase in exports, according to data released by the Pakistan Bureau of Statistics (PBS) on Tuesday. The trade deficit, was recorded at $3.58 billion for July and August
