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Export Goals Exceeded by $30.64 Billion

Pakistan’s merchandise exports experienced a positive trajectory in the financial year 2023-24 (FY24), exceeding the annual target and surpassing the previous year’s figures. According to data from the Pakistan Bureau of Statistics (PBS), exports reached $30.64 billion, reflecting a 10.54% growth compared to $27.72 billion in FY23. This positive trend comes with June 2024 seeing […]

Why Are Serviced Apartments a Good Property Investment?

Serviced apartments could be your perfect investment escape pod! Imagine fully furnished units that rent out to tourists, business travellers, or even long-term guests – all with the convenience of hotel-like amenities. Intrigued? Here’s why serviced apartments could be your real estate dream come true:   Higher Rental Yields: Shorter-lets command higher yields (generally a […]

FBR Beats Target by Rs54bn

Pakistan’s economic performance continues to impress. The Federal Board of Revenue (FBR) recently surpassed its annual tax collection target for the 2023-24 financial year by collecting a staggering Rs. 9,306 billion, exceeding the target of Rs. 9,252 billion by Rs.54 billion. This translates to a remarkable 30% growth compared to the previous year, a strong […]

Rental Management: What It Means For Property Owners

Real estate in Pakistan is on the rise, and wise property investors are getting a piece of the pie now. With luxury real estate developers offering incredible deals to overseas Pakistanis, buyers have only one concern. Managing a rental property can take time and effort. From tenant screening and lease agreements to maintenance calls and […]

FDI Increases to $1.73 billion in 11MFY24

Pakistan’s economic outlook is bolstered by a steady rise in foreign direct investment (FDI).  According to the State Bank of Pakistan, FDI for the first eleven months of fiscal year 2024 (FY24) reached $1.73 billion, exceeding the $1.5 billion recorded during the same period last year. This positive trend indicates growing investor confidence in the […]

Find Your Roots in The City of Gardens

Are you trying to find a property that’ll give you rental yields for generations to come? Home seekers in the UK, or anywhere in the world should look no further than Lahore. Believe it or not, Pakistan’s housing market is blooming, and the city of gardens is home to one of real estate’s crown jewels.  […]

Local Smartphone Production Soars at 13.1M Units

The way Pakistan interacts with technology has undergone a dramatic shift. Since the COVID-19 pandemic, the demand for mobile phones has skyrocketed, with hundreds of thousands embracing digital solutions and the convenience of smartphones. This surge in demand is being met with a surprising response: a significant rise in local production.    According to Topline […]

Amaya Panoramas: More Than An Investment

Pakistanis abroad looking for a high-end vacation home or an investment property in their home country have a brand new option. Islamabad is about to witness a revolution in luxury living with the launch of Amaya Panoramas at Cedar Hills. Buyers can look forward to waking up to a vista that takes your breath away […]

PSX Makes History Again: Record 80,000 Points

The Pakistan Stock Exchange (PSX) witnessed a monumental day on Friday, with its benchmark KSE-100 Index breaking the 80,000-point barrier for the first time. This surge follows a gain of over 2,000 points the previous day.     The excitement began early, with an enthusiastic buying spree pushing the index into the coveted 80,000 territory within […]

Forex Up to $14.415 Billion

Pakistan’s foreign exchange reserves witnessed a modest increase of $30.8 million over the past week, according to a report released by the State Bank of Pakistan (SBP). This brings the country’s total liquid foreign exchange reserves to $14.415 billion as of June 14, 2024, compared to $14.384 billion the previous week.   The SBP’s reserves […]