Curated business & economic news from Dawn, The News, Reuters, Bloomberg — filtered for expats.
Pakistan received $2.8 billion in workers remittances in April 2024, a 12% increase year-over-year, driven by increased flows from the Gulf region and UK.
The SBP's Monetary Policy Committee kept the benchmark interest rate unchanged at 22% as inflation shows signs of gradual decline from its peak levels.
The KSE-100 index crossed 77,000 points for the first time in months as banking stocks led gains on improved earnings expectations and foreign investor interest.
Gold prices in Pakistan reached an all-time high of PKR 214,500 per tola, tracking international gold's surge past $2,345 per troy ounce driven by safe-haven demand.
The International Monetary Fund has completed the ninth review of Pakistan's Stand-By Arrangement, releasing $1.1 billion in funds as Pakistan meets key fiscal targets.
The Pakistani rupee has shown relative stability against the US dollar as SBP foreign exchange reserves crossed the $9 billion mark for the first time since 2022.
Property transactions in Karachi, Lahore, and Islamabad have increased by 15% quarter-over-quarter as overseas Pakistanis increase real estate investments.
Pakistan's software and IT services exports have exceeded $3 billion in FY2024, with the government setting an ambitious target of $5 billion for FY2025.