ISLAMABAD, November 27, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar has underscored the pressing need for comprehensive reforms in the tax system as a crucial step towards fostering economic development in the country.
Karachi, November 26, 2023 – The State Bank of Pakistan (SBP) has declared its intention to implement a flexible inflation targeting regime. This decision, outlined in the recently released five-year plan, underscores the SBP’s commitment to prioritizing price stability as the primary objective of monetary policy.
Islamabad, November 24, 2023 – Pakistan is facing a severe economic challenge as the inflation rate, based on prices of essential commodities, has surged beyond 41 percent.
Islamabad, November 24, 2023 – Pakistan is optimistic about receiving $1.5 billion in inflows from various donor agencies soon after the disbursement by the International Monetary Fund (IMF).
Karachi, November 23, 2023 – The State Bank of Pakistan (SBP) has reported a decline of $217 million in its weekly foreign exchange reserves, attributing the decrease to the country’s external debt payments.
Karachi, November 20, 2023 – Pakistan has witnessed a robust 18% increase in total foreign investment during the initial four months (July – October) of the fiscal year 2023-24, according to official data released by the State Bank of Pakistan (SBP) on Monday.
Karachi, November 20, 2023 – The Current Account Deficit (CAD) has experienced a remarkable contraction of 66 percent during the first four months (July – October) of the fiscal year 2023-24, according to data released by the State Bank of Pakistan (SBP).
Karachi, November 17, 2023: Pakistan grapples with an alarming 42 percent surge in inflation, as revealed by official data released on Friday.
Islamabad, November 17, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar chaired the 7th meeting of the Apex Committee of the Special Investment Facilitation Council (SIFC) on Thursday, directing all stakeholders to actively pursue SIFC’s initiatives through collaboration for short to medium-term gains and laying the groundwork for long-term endeavors in the national interest.
Karachi, November 16, 2023 – Dr. Shamshad Aktar, the Finance Minister of Pakistan, has asserted that Pakistan has the potential to become a $2 trillion economy by 2047 through the implementation of robust economic and sectoral policies.