Tag: Central Bank Data
-
Factors behind the continuous decline in car financing in Pakistan
In January 2024, the automobile financing sector in Pakistan witnessed a significant downturn, as car financing recorded a notable decrease to Rs246.26 billion.
-
State Bank of Pakistan’s reserves soar to $8.27 billion, highest level since July 2023
In the latest report, the State Bank of Pakistan (SBP) announced a significant rise of $243.1 million, or 3.03 per cent week-on-week, in foreign exchange reserves, reaching $8.27 billion as of January 19, 2024.
-
Pakistan sees 18th straight month of decline in auto financing
In December 2023, automobile financing in Pakistan recorded a significant decline, reaching Rs251.25 billion, marking a 25.55 per cent year-on-year drop and a 2.26 per cent month-on-month decrease.
-
Remittances to Pakistan decline by 19.3% to $2 billion in first month of fiscal year
Delve into Pakistan’s economic landscape as we examine the notable 19.3% drop in remittances during the opening month of the fiscal year. Uncover the implications for the nation’s economy, the influence of overseas Pakistanis, and the dynamics of the grey market. Gain valuable insights into the evolving financial trends and expert economic analysis that shape…