Tag: current account deficit
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Remittances boost Pakistan’s current account, August surplus ends deficit streak
Pakistan’s current account, after witnessing three straight months of deficit, recorded a slight surplus in August 2024.
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Pakistan aims for 15% tax-to-GDP ratio in upcoming IMF deal
In pursuit of economic stability and fiscal responsibility, Pakistan is targeting a tax-to-GDP ratio of 15 per cent in its forthcoming International Monetary Fund (IMF) deal.
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Pakistan records current account deficit of nearly $270 million
In the latest economic update, Pakistan has reported a current account deficit of $269 million for the month of February, according to data released by the State Bank of Pakistan (SBP).
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IMF forecasts improved inflation, slower economic growth for Pakistan in FY24
The International Monetary Fund (IMF) has adjusted its economic projections for Pakistan, providing a comprehensive review in its latest report. The key highlights include a downward revision of inflation forecasts and a moderated economic growth projection for the fiscal year 2024 (FY24).
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PSX hits new record high, crossing 55,000 mark
The Pakistan Stock Exchange (PSX) maintained its bullish trend as the KSE-100 Index surged over 2 per cent, surpassing the 55,000 level and establishing a new record high at 55,391.36. This marked a notable gain of 1129.94 points, or 2.08 per cent, by the end of Friday’s trading session. The intra-day peak of 55,506.32 now…
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Record-breaking bullish streak: PSX surpasses 54,000 mark for the first time in history
The Pakistan Stock Exchange (PSX) continued its bullish momentum, with the KSE-100 Index surpassing the historic 54,000 level during intra-day trading on Tuesday.
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State Bank maintains interest rate at 22% as inflation takes a breather
The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has announced its decision to maintain the key policy rate at 22 per cent, as outlined in their official statement released today.
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Pakistani rupee snaps 10-day depreciation streak against US dollar with 0.02% gain
The Pakistani rupee (PKR) finally terminated its ten-session depreciation streak against the US dollar on Friday as the local currency concluded trading at Rs305.47 versus the greenback. The State Bank of Pakistan (SBP) reported a modest appreciation of Re0.07, or 0.02 per cent, when compared to the previous day’s closing rate.
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Pakistani rupee ends the day at another record low of Rs305.54 versus US dollar, losing Rs1.09
Pakistani rupee is nearing another historic low in the interbank market on Thursday.
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Pakistani rupee hits new all-time low of Rs304.445 after declining by Rs1.38 against US dollar
In the interbank session held on Wednesday, the Pakistani rupee (PKR) exhibited a decline of 1.39 rupees against the US dollar (USD). The closing exchange rate for the day stood at Rs304.445 per USD, in contrast to the concluding rate of Rs303.052 per USD observed in the preceding session.