Pakistan’s foreign exchange reserves, managed by the central bank, saw a substantial increase of $393 million, reaching $4.462 billion by the week ending June 30, according to the latest report by the State Bank of Pakistan. This surge in reserves can be attributed to the inflow of official funds. The total reserves held by the… Read More »
The Finance Ministry recently announced that the Economic Coordination Committee (ECC) of the Cabinet has given its approval for a supplementary grant of Rs4 billion to Pakistan International Airlines (PIA). This grant is intended to cover the interest payments on loans, which amounted to nearly Rs23 billion. The meeting was chaired by Finance Minister Ishaq… Read More »
The State Bank of Pakistan (SBP) stated that the MPC discussed the rising potential risks to the inflation outlook since its last meeting on June 12. The committee emphasized that these risks primarily stem from the implementation of new measures in the fiscal and external sectors. These measures are crucial in the context of completing… Read More »