State Bank of Pakistan Governor Jameel Ahmad speaking at an event organized by the Federation of Pakistan Chambers of Commerce and Industry in Karachi on January 9, 2025. — Screenshot/GeoNews The head of the SBP expresses his hope for greater stability in the economy. Jameel says SBP is dedicated to achieving its inflation targets. He … Read more
An aerial view of a unit at the Chashma Nuclear Power Plant (CNPGS). — PAEC Website/File The plant’s financing structure includes 19% equity and 81% debt. Project cost of Rs 1.125 billion includes EPC cost of Rs 965.8 billion Return on equity was sought at 14.50% per annum. The National Electric Power Regulatory Authority (Nepra) … Read more
A view of a textile factory in Pakistan. — Reuters/File Data shows that textile exports fell 3% to $1.27 billion in July 2024. Exports rise 13% to $1.64 billion in August FY25, the data showed. Textile exports recorded a reasonable increase of 18% to $1.61 billion in September. ISLAMABAD: A 10 percent increase in textile … Read more
A representative image of containers stored at a facility. — AFP/file KARACHI: Pakistan’s exports to the European Union (EU) increased by 14 per cent to $4.8 billion in the first five months of the current fiscal year, compared to $4.2 billion in the same period last year, official trade data showed. In November alone, exports … Read more
A currency dealer counts US dollar notes at a currency exchange office in Karachi on May 26, 2023. — PPI FDI flows in November jumped 27% to $219 million. China remains the leading investor with $469 million in FDI. The UK contributed $113 million from July to November. Pakistan’s net foreign direct investment (FDI) increased … Read more
Jameel Ahmad, Governor of the State Bank of Pakistan. — X/@StateBank_Pak Ahmed says risk factors have persisted despite the decline in headline inflation. The addition of a future rise in inflation would not be a cause for concern. “It will take 4 to 6 quarters to see the full impact of the key rate changes.” … Read more
A currency changer counting $100 bills. — AFP/File Stable flows from the UAE “reflect” strict exchange controls. The SBP and the government expect remittances to reach a record high of $35 billion in FY25. During political unrest, remittances have demonstrated resilience. KARACHI: Data from the State Bank of Pakistan (SBP) on Monday revealed that remittances … Read more
A person counts dollar bills in this illustrative image taken on May 30, 2022. — Reuters Pakistan receives $259 million from bilateral creditors. Multilateral creditors pay $721 million to Islamabad. $19.39 billion in foreign loans planned for the current fiscal year. ISLAMABAD: In its attempt to address the various challenges facing the economically cash-strapped country, … Read more