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Affairs

Roshan Digital Account Inflows Fall to $171 Million in April

Foreign exchange inflows through the Roshan Digital Accounts (RDAs) stood at $171 million in April 2024, compared to $182 million in the previous month.

Overall RDA funds received to date increased to $7.831 billion by the end of April 2024, accordi…

New IMF Loan Program Only Possible After Budget

Discussions between Pakistan’s economic team and the International Monetary Fund (IMF) Mission this week will most likely end without a staff-level agreement, sources in the Finance Ministry told ProPakistani.

Sources said policy-level talks have so…

Pakistan’s Headline Inflation Expected to Fall Below 14% in May

Pakistan’s annual inflation is expected to fall to 13.1 percent in May 2024 compared to 17.3 percent in April 2024, brokerage house Ismail Iqbal Securities said in its report on Tuesday.

According to the report, on a month-on-month (MoM) basis, infl…

IT Exports to Saudi Arabia Increased by $100 Million

One of the top IT exporters of Pakistan, Noman Said, has apprised that the information technology industry has started to show its true potential to be transformational for the economy of Pakistan – and, IT exports to Saudi Arabia are the cornerstone…

Banking Sector Deposits Surge to Rs. 28.4 Trillion in April 2024

The banking deposits increased by over 21 percent to Rs. 28.4 trillion as of April 2024 compared to Rs. 23.4 trillion as of April 2023.

According to data released by the State Bank of Pakistan (SBP), advances decreased by 0.7 percent year-over-year …

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