Motorbike and three-wheeler sales in Pakistan saw a rise of 16.87% during the first two months (July-August) of the fiscal year 2024-25 compared to the same period last year. According to the Pakistan Automobile Manufacturing Association (PAMA), a total of 189,227 units were sold between July and August 2024, up from 161,906 units in the … Read more
The federal government’s borrowing from scheduled banks for budgetary support decreased by 58% in the first two months of fiscal year 2025 (FY25), according to data released by the State Bank of Pakistan (SBP). The SBP reported that the federal government borrowed Rs 660.3 billion from scheduled banks between July 1 and August 30, 2024, … Read more
KARACHI: Pakistani currency gained Rs0.10 and wiped out the nominal loss suffered so far in the first seven weeks of current fiscal year, settling at the previous fiscal year’s closing level of Rs278.34/$ in the inter-bank market on Tuesday. On the other hand, gold rose Rs700 to a new all-time high of Rs260,700 per tola … Read more
A picture illustration shows US 100 dollar bank notes taken in Tokyo August 2, 2011. — Reuters Pakistan sees improved foreign fund inflows. Country will need $17.8bn from Oct to June. $16.3 billion is expected to be rolled over. KARACHI: Pakistan needs to repay $24.8 billion in external debt during the current fiscal year, data from the … Read more