January 28, 2022

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Pakistan Revenue

Category: Finance

Pakistan’s forex reserves plunge by $866 million
Jan 27
Finance

Pakistan’s forex reserves plunge by $866 million

KARACHI: Pakistan’s liquid foreign exchange reserves plunged by $866 million to $22.482 billion by week ended January 21, 2022, the central bank said on Thursday. The country’s foreign exchange reserves were at $23.35 billion by week ended January 14, 2022, the State Bank of Pakistan (SBP) said. The official reserves of the central bank sharply […]

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Mini-budget likely to push up inflation: SBP State Bank of Pakistan
Jan 24
Finance, Money & Banking, Top stories

Mini-budget likely to push up inflation: SBP

KARACHI: The State Bank of Pakistan (SBP) on Monday said that inflation likely to increase due to cost-push pressure from removal of exemptions in the mini-budget and rise in energy tariff. “Together with low base effects, one-off cost-push pressures from energy tariff increases and the removal of tax exemptions in the Finance (Supplementary) Act are […]

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Pakistan’s foreign exchange reserves drop to $23.35 bn
Jan 20
Finance

Pakistan’s foreign exchange reserves drop to $23.35 bn

KARACHI: Pakistan’s liquid foreign exchange reserves dropped by $551 million to $23.35 billion by week ended January 14, 2022, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were at $23.901 billion by week ended January 07, 2022. The official foreign exchange reserves of the SBP fell by $562 […]

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Finance (Supplementary) Bill gets presidential approval
Jan 15
Finance, Top stories

Finance (Supplementary) Bill gets presidential approval

ISLAMABAD: The President of Pakistan, Dr. Arif Alvi, on Saturday granted approval to the Finance (Supplementary) Bill. The National Assembly on January 13, 2022 adopted the finance supplementary bill tabled by the government. With the ascent of the President, the financial proposals of the government are not implemented. READ MORE: Supplementary bill aimed at documenting […]

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Pakistani overseas workers send $15.8 billion in 1HFY22 State Bank of Pakistan
Jan 14
Finance, Top stories

Pakistani overseas workers send $15.8 billion in 1HFY22

KARACHI: Pakistani workers living abroad have sent $15.8 billion to their homeland during first half (July – December) of the fiscal year 2021/2022, State Bank of Pakistan (SBP) said on Friday. The workers’ remittances grew by 11.26 per cent when compared with $14.2 billion in the same period of the last fiscal year. READ MORE: […]

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Pakistan’s forex reserves decline by $118 million
Jan 13
Finance

Pakistan’s forex reserves decline by $118 million

KARACHI: Pakistan’s total liquid foreign exchange reserves declined by $118 million during a week, the State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were $23.901 billion by week ended January 07, 2022 as compared with $24.019 billion by week ended December 31, 2021. The official reserves of the […]

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