Pakistan’s Economy Expands by 2.09% in Q3, Fueled by Agricultural Growth
The latest report from the Pakistan Bureau of Statistics reveals that the country’s GDP has grown by 2.09% in the third quarter of the financial year 2023-2024. This growth is attributed to a significant increase in the agricultural sector, which has been a key support to the economy. In a press release issued on […]
Pakistan’s Headline Inflation Decelerates to 11.8% in May 2024: A Positive Indicator for Investment
In a significant development, Pakistan’s headline inflation decelerated to 11.8% on a year-on-year basis in May 2024, marking the lowest reading in 29 months. This decline, reported by the Pakistan Bureau of Statistics (PBS), is a substantial drop from April’s inflation rate of 17.3%. On a month-on-month basis, the inflation rate fell to -3.2%. This […]
Highest FDI in 5 years: Pakistan’s Boom Reaches New Heights with $358.85M in April 2024
In April 2024, Pakistan witnessed a remarkable surge in Foreign Direct Investment (FDI), underscoring growing investor confidence in the country’s economic landscape. According to the latest data released by the State Bank of Pakistan (SBP), FDI inflows reached $358.84 million in April, marking a substantial 172% increase compared to the corresponding period in the previous […]
Leading International Economist: Pakistan is BACK!
In the wake of significant political and economic upheavals, Pakistan stands at a promising juncture. Renowned investment banker and advisor, Kurt Davis Jr., member of the Council on Foreign Relations, recently offered a comprehensive analysis of the current economic landscape in Pakistan, highlighting the transformative strides under Prime Minister Shehbaz Sharif’s administration. Kurt Davis […]
No.1 Performing Stock Market Surges by $14 Billion!
The Pakistan Stock Exchange (PSX) has reached a new high, crossing the 73,000-point mark as the KSE-100 index gained 427.45 points, closing at 73,085.5 on Friday. As of April 26th, the market capitalisation of PSX stood at 10,017,622.18 million PKR (approximately $36 billion USD), a significant increase from April 2023, when the market cap was […]
Reserves Hit Record $8 Billion: State Bank Governor Declares Economic Upswing
The Governor of the State Bank of Pakistan, Mr. Jameel Ahmad, announced a momentous milestone in Pakistan’s economic journey, revealing that the country’s foreign exchange reserves have surged to approximately $8 billion. Speaking on the positive trajectory of Pakistan’s economy, Mr. Ahmad cited a drop in inflation and highlighted the narrowing current account deficit as […]
Significant $3 Billion Remittances Surge in Pakistan
Overseas workers’ remittances to Pakistan reached a significant $3 billion in March 2024, according to data released by the State Bank of Pakistan (SBP). This represents a 31.3% increase from the $2.25 billion received in February and a 16.4% increase from March 2023. The influx of remittances is supporting the country’s economy with high disposable […]
PSX Record-Breaking 72,000 Points: Positive Outlook for Real Estate
The Pakistan Stock Exchange (PSX) has achieved a major milestone by surpassing 72,000 points and continued its momentum on Monday as the KSE-100 index exceeded the 73,000-point mark for the first time in Pakistan’s history. Stock market dealers attribute the bullish trend to positive economic factors such as improved foreign exchange reserves and expected […]
Over Delivering on the Promise: One Serene Residences Raises Its Valuation by 25%
Savills International, a leading international property consultancy firm, has recently increased its valuation price for One Homes’ upcoming luxury residential project in Islamabad to Rs 31,100 per square foot. The news has generated a great deal of interest in the real estate industry, as it indicates strong confidence in the project’s potential for success. […]
UAE’s AD Ports Group Joint Venture to Invest $220 Million in Port of Karachi
Abu Dhabi’s AD Ports Group has recently signed a 50-year concession agreement with Karachi Port Trust (KPT) to oversee the development and management of the Port of Karachi in Southern Pakistan. In partnership with UAE-based Kaheel Terminals, AD Ports Group will invest $220 million over the first 10 years through a joint venture named Karachi […]