Following a substantial policy rate cut, Pakistan recorded its highest current account surplus in over a decade, reaching $729 million in November 2024. This positive development was primarily driven by a surge in remittances from overseas Pakistanis, while a significant reduction in the trade deficit further contributed to the surplus. "November 2024 current account surplus stood at $729 milli
The stock market snapped its record-setting spree as investors indulged in aggressive profit-taking in the post-rate cut session on Tuesday despite hitting an all-time high above 117,000 intraday. Ahsan Mehanti of Arif Habib Corporation said the equities turned bearish amid cautious SBP policy easing on multiple risks, static core inflation near 9.7pc and 0.64pc contraction in Large-Scale
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