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ISLAMABAD: Pakistan’s textile exports reached $17.88 billion in FY2025, reflecting a 7.22% year-on-year (YoY) increase from $16.68 billion in FY2024, according to data released by the All Pakistan Textile Mills Association (APTMA). However, the export figures remain 7.36% below the record high of $19.3 billion achieved in FY2022. In June
KARACHI: The Pakistani rupee posted a slight gain against the US dollar in the interbank market on Thursday, appreciating by 0.03%. The local currency closed at 283.86, up by Re0.09 from Wednesday’s closing rate of 283.95. Globally, the US dollar showed signs of weakness following a trade agreement between the
KARACHI: The Pakistan Stock Exchange (PSX) continued its record-setting streak on Thursday, driven by the government’s recent economic measures, including cuts in National Savings Scheme rates, lower industrial electricity tariffs, and accelerated discussions on the privatization of state-owned enterprises. The benchmark KSE-100 Index climbed 342 points, or 0.26%, to close
KARACHI: In a significant economic development, the State Bank of Pakistan’s (SBP) foreign exchange reserves surged by $5 billion, reaching $14.51 billion at the close of fiscal year 2024-25 (FY25), surpassing the IMF’s target of $13.9 billion. Economists attributed this achievement to the coordinated efforts of the SBP and the
