Islamabad, May 29, 2023: In a meeting with the Association of Builders and Developers of Pakistan (ABAD), Senator Mohammad Ishaq Dar, the Federal Minister for Finance and Revenue, announced the government’s commitment to introduce a business-friendly budget aimed at supporting the masses and bolstering economic growth. The gathering took place in Islamabad on Monday.
Karachi, May 26, 2023 – Prime Minister Muhammad Shehbaz Sharif called upon the country’s exporters to adopt innovative and unique approaches to enhance exports, leading to valuable foreign exchange earnings for Pakistan.
KARACHI: Former Finance Minister Miftah Ismail has expressed concerns over Pakistan’s fiscal situation, indicating a potential default by November 2023.
Karachi, May 25, 2023: Pakistan’s foreign exchange reserves witnessed a decline of $206 million, reaching $9.731 billion by the week ended May 19, 2023, according to the State Bank of Pakistan (SBP).
Pakistan’s economy faces a significant challenge as analysts at Arif Habib Limited predict that the country’s headline inflation will reach historic levels in May 2023.
ISLAMABAD: Pakistan’s National Accounts Committee (NAC) has recently released the provisional National Accounts for the fiscal year 2022-2023 (FY23).
Prime Minister Shehbaz Sharif has directed his economic team to focus on relief measures and economic stability in the upcoming budget 2023-2024.
According to analysts at JS Global, Pakistan’s headline inflation based on the Consumer Price Index (CPI) is expected to reach a new peak in May 2023, despite a reduction in petroleum prices during the month.
Pakistan has experienced a significant surge in wheat imports, totaling $1.05 billion during the period from July to April in the fiscal year 2022-2023.
Pakistan’s foreign exchange reserves for the week ended May 12, 2023, have decreased by $52 million, reaching $9.938 billion, the State Bank of Pakistan (SBP) said on Thursday.