Economy

Pakistan’s Economy is Plagued By Political Instability: ADB

The future of Pakistan’s economy is plagued by political instability and potential disruptions from Middle East conflicts could affect supply chains, the Asian Development Bank (ADB) said in a report on Thursday.

ADB said Pakistan’s reliance on exter…

Economy

Govt Plans to Raise Rs. 2.47 Trillion in 3 Months Via T-Bills

The government plans to raise Rs. 2,475 billion through auction of market treasury bills (MTBs) during April-June 2024, according to the auction calendar shared by the State Bank of Pakistan (SBP) last week.

The aim for MTBs during this period is to …

Economy

Utility Stores Posts Highest Ever Sales of Rs. 44 Billion During Ramadan

Utility Stores Corporation USC) has recorded its highest-ever sales of Rs. 44 billion during Ramadan.

This is the first time that USC surpassed its Rs. 40 billion sales target under the Prime Minister’s Relief Package, reported a national daily.

USC…

Economy

Can Pak Rupee Recover to Rs. 220-230 Against US Dollar By Early 2025?

The Pakistani Rupee is poised to gain over Rs. 55 or 20 percent in the coming months to rise to as high as 220 against the US Dollar from today’s level of 277.9/$.

The real interest rate has moved into positive territory for the first time in 3 years…

Economy

Exports to Central Asian Countries Grow by 21% in 8 Months of FY24

Pakistan exported goods worth over $158 million to five Central Asian countries during the first 8 months of financial year 2023-24, up by 21.17 percent compared to $130.45 million in the same period last year.

The total value of Pakistan’s exports t…

Economy

Govt All Set to Start Construction of Railway Project From Thar to Port Qasim

The federal government is all set to start the construction of a 105-kilometer railway track from Thar to Port Qasim for transporting coal from local fields to power plants across Pakistan.

Funded jointly by the federal and Sindh governments, the pr…