The exports of textile and clothing fell 16.47 per cent in December to $1.35 billion compared to $1.62bn in the same month last year, data released by the Pakistan Bureau of Statistics (PBS) showed on Thursday. The overall export proceeds shrank for the fourth consecutive month in a row. The drop shows the government would find it difficult to achieve the export target this fiscal year leadi
After having maintained a declining trend in the last three months, the State Bank of Pakistan’s (SBP) foreign exchange reserves witnessed a meagre increase of $258 million to $4.6 billion during the week that ended on Jan 13, but still at an alarming level not sufficient to cover even the country’s three weeks’ imports. However, the currency dealers said the SBP bought the dollars from the mar
Conveying its willingness to accept all the four major conditions of the International Monetary Fund (IMF), the government on Thursday requested the lender to send its mission to Pakistan at the earliest, preferably next week, to conclude a long-awaited agreement to revive the loan programme. “We have completed our workings on all four areas on the basis of our interactions on the sidelines of
Shares at the Pakistan Stock Exchange (PSX) recovered some of their losses from a day earlier on Wednesday as the benchmark index started gaining shortly before trading ended. The benchmark KSE-100 index rose 448.88 points, or 1.17 per cent, to close at 38,791.09 points. It reached an intraday high of 38,945.97 points, up 603.76 points, or 1.57pc, around 3:28pm. “The market was in the overso
OUR inflation data compiled by the Pakistan Bureau of Statistics (PBS) is one the best datasets in the country. Its coverage is wide and not only does it follow data quality standards but also maintains excellent dissemination standards. Look at the various indices compiled: NCPI, UCPI, RCPI, UCPI-NFNE, RCPI-NFNE, UCPI-Trim, RCPI-Trim, WPI and SPI. These are the consumer price indices for the c