Pakistan’s Foreign Exchange Reserves Drop To 9-Year-Low Of $3.09 Billion
Pakistans foreign exchange reserves held by the central bank decreased by 16.1% to $3.09 billion
Pakistans foreign exchange reserves held by the central bank decreased by 16.1% to $3.09 billion
The government has planned to impose additional taxes worth Rs 200 billion to comply with IMF conditions
The government has planned to impose additional taxes worth Rs 200 billion to comply with IMF conditions
Mari Petroleum Company Limited (MPCL) reported a gas discovery in Sindh.
Pakistanis woke up to a record single-day increase in the price of petrol, which also stands at an all-time high of almost Rs 250 a litre.
The one-tola gold pricing for the first time broke the Rs 200,000 level despite the rupee losing 13.7% of its value.
Pakistan borrowed $5.115 billion abroad in the first five months of the current fiscal year (July-November)
The economic
forecast for Pakistan for the fiscal year ending in June 2023 has
“deteriorated amid significant floods,” according to the Asian
Development Bank (ADB), while the “economy was already battling to achieve
macroeconomic and fiscal equilibrium.”
According to a Goldman Sachs research paper, Pakistan will be the sixth largest economy in the world by 2075 if “appropriate policies and institutions” are in place.
Pakistan’s population would likely surpass 330 million by the year 2050