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Pakistan’s federal government’s borrowing strategy has seen a significant shift in the fiscal year 2022-23 (FY23). A sharp decrease in borrowing from multiple financing sources reflects the government’s changing economic policies. The government borrowed $10.844 billion in FY23 compared to $16.974 billion during the same period of 2021-22 (FY22), representing a substantial decline of around 37%. In the projected financial …

The Pakistani rupee has witnessed a sharp decline in its value for the fifth straight working day, painting a grim picture of the country’s economic situation. The currency depreciated by 0.58%, losing Rs1.66, and hit a one-month low of Rs286.81 against the US dollar in the interbank market on Friday. Over the past five working days, the rupee has seen …

The automotive industry in Pakistan is grappling with a severe challenge as the supply chain disruptions persist. The latest victim of this situation is Toyota Indus Motor Company Limited (IMC), a crucial player in the country’s car manufacturing sector. Due to a lack of essential parts and materials, IMC has temporarily halted its car production for two weeks. This suspension …