Pakistan Receives Rs 500 Million From Asian Infrastructure Investment Bank
State Bank of Pakistan (SBP) received a payment of $500 million from Asian Infrastructure Investment Bank (AIIB)
State Bank of Pakistan (SBP) received a payment of $500 million from Asian Infrastructure Investment Bank (AIIB)
Planning and Development Commission approved a total of Rs 98.78 billion for various development projects throughout country
Pakistan’s development spending decreased by over 45% to less than Rs 99 billion
Pakistan’s GDP growth is expected to slow to 2.1 percent in the current fiscal year.
Current account deficit decreased 68.13% year over year to total $0.57 billion in October.
Foreign direct investment (FDI) fell by 52 percent between July to October of the current fiscal year (FY23)
Increased edible oil production will likely result in annual savings of over $7 billion for the nation.
Four of these Special Economic Zones have been approved for construction, while two are multi-industry SEZs.
On Monday, Pakistan’s five-year currency default swap (CDS) index reached a new high of 79%
For the first time since February 2022, the remittances fell to a record low of $2.215 billion.