"September 2024" Archives

Archive page

Remittances Soar to $3 Billion

Remittances Soar to $3 Billion in August: A 40.5% Rise from Last Year

Pakistan’s remittances have seen a significant surge, reaching nearly $3 billion in August 2024. Remittances Soar to $3 Billion marks a 40.5% increase compared to the same month last year. Key Factors Contributing to the Growth Region-Wise Breakdown Expert Insights Tahir Abbas, Head of Research at Arif Habib Limited (AHL), attributes the growth to increased…

Pakistan's Inflation Rate

Pakistan’s Inflation Rate Plummets to 9.6%: A New Chapter in Economic Recovery

In a remarkable turnaround, Pakistan’s inflation rate decreased to 9.6% in August 2024, the lowest level since October 2021. This significant milestone marks the first time in three years that inflation has entered the single-digit range, offering a beacon of hope for a nation long burdened by economic challenges. The Journey from 38% to 9.6%…