Adnan Farooq
Remittances to Pakistan could decline in the ongoing quarter i.e. July to September despite the country reporting a record jump in flows during the month of June, Fitch Ratings said in a press release. “The
Adnan Farooq
The Ministry of Finance late on Saturday said the country’s debt was not elevated and easily manageable given the country’s outlook for the next few years. “According to latest numbers released by the State Bank
Adnan Farooq
The Ministry of Finance has said the country’s economy is likely to rebound in the coming quarter as the major economic indicators including the large scale manufacturing, trade account, current account, remittances and the foreign
Adnan Farooq
The country’s fiscal deficit in the fiscal year 2019-20 stood at 8.1 percent of the GDP, data released by the Ministry of Finance showed on Wednesday. In figures, the budget deficit in FY20 amounted to
Adnan Farooq
The State Bank of Pakistan on Tuesday said that it has received $505 million from the World Bank. “#SBP has received USD 505.5 mn today from @WorldBank,” it said in a tweet released on the
Adnan Farooq
The global rating agency Moodys on Monday said that the inflow of remittances into the countries dependent on these earnings will slow down due to the coronavirus implication and have a negative impact on the
Adnan Farooq
The State Bank of Pakistan (SBP) on Wednesday enhanced the scope of its Refinance Scheme for Renewable Energy by allowing financing under category III of the scheme to solar and wind based energy sale companies
Adnan Farooq
The dollar recorded stellar gains to reach the fiscal year high against the rupee as despite falling demand for the greenback in the interbank as well as the open market. On Tuesday, the dollar was
Adnan Farooq
Pakistan’s current account deficit in the fiscal year 2019-20 shrank by nearly 78 percent to $2.96 billion compared to $13.434bn in the corresponding fiscal year, data released by the State Bank of Pakistan showed on
Adnan Farooq
Foreign direct investment into the country jumped by 45 percent in June to $174.8 million compared to May 2020 after recording declines for two consecutive months in the last quarter of fiscal year 2019-20, latest
