The net foreign direct investment (FDI) rose 8.1 per cent year-on-year to $656 million during the first five months (July-November) of the current fiscal year. According to data issued by the SBP on Monday, the net FDI in November also grew by over 12pc to $131 million from $117m in the same month last year. November FDI was the highest in FY24. Earlier, in Sept it was $172.6m and $142m in A
The first five months of the current fiscal year witnessed a double-digit growth of 16.3 per cent in exports to nine regional countries, mainly driven by an increase in shipments to China, data compiled by the State Bank of Pakistan showed on Monday. The country’s exports to Afghanistan, China, Bangladesh, Sri Lanka, India, Iran, Nepal, Bhutan and the Maldives rose to $1.855 billion in July-Nov
Cotton arrivals crossed eight million bales on Dec 15, showing an increase of 63 per cent over and above the total production of the last crop year, reveals the fortnightly data released by the Pakistan Cotton Ginners Association (PCGA) on Monday. A total of 8.02 million bales of cotton had been ginned across the country by Dec 15 compared to 4.90m bales in the same period last year. The dat
Despite the International Monetary Fund (IMF) onboard, Pakistan received about $4.285 billion in foreign loans, less than one-fourth of the annual budget estimate in the wake of poor credit rating and adverse conditions in the global financial markets. In its monthly report on Foreign Economic Assistance (FEA), the Economic Affairs Division (EAD) on Monday said the country received just $4.285b
The State Bank of Pakistan (SBP) on Monday reported the first current account surplus for the ongoing fiscal year in November. Despite low inflows and higher outflows for debt servicing, the current account was in surplus by $9 million in November compared to a deficit of $157m noted in the same month last year. However, the current account deficit (CAD) narrowed by almost 63pc to $1.16 bill