Foreign direct investment (FDI) surged by over 31 per cent during the first five months of the current fiscal year. The State Bank’s latest data on Tuesday showed that the country received $1.123 billion FDI during July-Nov FY25 against an inflow of $856m in the same period last year, an increase of 31.3pc or $267 million. The country received $219m FDI in November alone. The increase looks
Despite internet crisis and firewall issues, Pakistan recorded monthly IT exports of $324 million, up by 25 per cent year-on-year while down by 2pc month-on-month in November. These monthly IT exports are higher than the last 12-month average of $295m. This is the 14th consecutive month of YoY IT export growth, starting from October 2023. As per the report of Top Line Securities, IT exports
The current account recorded a fourth consecutive surplus of $729 million in November, marking the second-highest surplus since July 2013, while the surplus for the first five months of the current fiscal year approached one billion dollars. The latest data released by the State Bank on Tuesday revealed a current account surplus of $944 million for July-Nov FY25, compared to a deficit of $1.676
The government is exploring the feasibility and strategy for routing 60 per cent of public sector imports, including wheat, fertiliser and sugar, through Gwadar Port. The proposal was discussed threadbare in a federal cabinet committee meeting chaired by Commerce Minister Jam Kamal on Tuesday. Maritime Affairs Minister Qaiser Ahmed Sheikh and senior officials from the ministries of commerce, ma
Japanese auto giants Honda Motor and Nissan Motor will enter negotiations for a merger and join their resources to better compete against bigger global electric vehicle makers, the Nikkei newspaper reported on Tuesday. The two companies are looking to operate under a single holding company and are expected to soon sign a memorandum of understanding for the new merged entity, the report added.