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Explore finance-related stories with Pakistan Revenue, your source for the latest updates on Pakistan’s economy, financial trends, and market insights. Stay informed with real-time economic developments.

  • Pakistan’s foreign exchange reserves at $14.993 billion

    Pakistan’s foreign exchange reserves at $14.993 billion

    KARACHI: The total liquid foreign exchange reserves of Pakistan declined nominally by $11 million to $14.993 billion by week ended October 04, 2019 as compared with $15.003 billion a week ago, State Bank of Pakistan (SBP) said on Thursday.

    The reserves held by SBP increased by $16 million to $7.757 billion by week ended October 04, 2019 as compared with $7.771 billion a week ago.

    The foreign exchange reserves held by commercial banks declined by 27 million to $7.235 billion as compared with $7.262 billion a week ago.

  • Overseas Pakistanis remit $5.478 billion in July – September

    Overseas Pakistanis remit $5.478 billion in July – September

    KARACHI: The overseas workers have sent $5.478 billion during first quarter (July – September) of current fiscal year, which is 1.43 percent down when compared with $5.557 billion in the corresponding period of the last fiscal year, according to data released by State Bank of Pakistan (SBP) on Thursday.

    However, inflows of workers’ remittances witnessed 17.59 percent growth to $1.747 billion in the month of September 2019 when compared with $1.486 billion in the same month of the last year.

    Saudi Arab was the major destination from where Pakistanis sent remittances to homeland. The inflows of remittances from Saudi Arabia were $1.269 billion during first quarter of current fiscal year as compared with $1.263 billion in the same quarter of the last fiscal year, showing growth of 0.49 percent.

    The country received $911 million as workers’ remittances from the US during first quarter of the current fiscal year as compared with $862.76 million in the corresponding quarter of the last fiscal year, showing 5.67 percent growth.

    The third major destination for workers’ remittances was the UK from where the country received $814.37 million during July –September 2019 as compared with $810 million in the same period of the last fiscal year.

    The combined inflows from United Arab Emirates (UAE) were $1.139 billion during first quarter of current fiscal year as compared with $1.227 billion in the same quarter of the last fiscal year, registering 7.19 percent decline.

    The inflows from other GCC countries were at $519.43 million during July – September 2019 as compared with $526.96 million in the same period of the last fiscal year, showing 1.43 percent decline.

  • FATF APG issues evaluation report on Pakistan

    FATF APG issues evaluation report on Pakistan

    KARACHI: Asia Pacific Group (APG) of Financial Action Task Force (FATF) on money laundering has released its mutual evaluation report on October 02, 2019, where the group has discussed measures in place in Pakistan during onsite visit conducted in October 2018.

    Analysts at Topline Research said that according to recently released report by APG, out of 40 recommendations given to Pakistan, the country has shown compliance to one factor ‘Financial Institutions Secrecy Law’ and has shown non-compliance in four areas.

    However, Pakistan is partially compliant on 26 and largely compliant on 9 recommendations.

    The analysts believe the probability is high that Pakistan will remain on the “grey list” as the government needs minimum of 3 votes to avoid falling in black list. Support from China, Malaysia and Turkey for the said matter is likely.

    International Monetary fund (IMF) has also kept FATF issue as a structural benchmark with timeline ending Oct 2019, whereby Pakistan’s AML/CFT was supposed to be strengthened.

    In case of black-list the potential impact would be overall downgrade of the financial system of Pakistan and restrictions on its markets.

  • Pakistan’s foreign exchange reserves fall by $769 million to $15 billion

    Pakistan’s foreign exchange reserves fall by $769 million to $15 billion

    KARACHI: Pakistan’s total foreign exchange reserves declined by $769 million to $15 billion by week ended September 27, 2019, State Bank of Pakistan (SBP) said on Thursday.

    The total foreign exchange reserves of Pakistan declined by $768.9 million to $15.003 billion by week ended September 27, 2019 as compared with $15.772 billion a week ago.

    The official reserves held by the SBP came down by $723.7 million to $7.741 billion by week ended September 27, 2019 as compared with $8.465 billion a week ago.

    The SBP said that its official reserves were declined due to foreign debt repayment.

    The reserves held by commercial banks also fell by $45.2 million to $7.262 billion as compared with $7.307 billion a week ago.

    The foreign exchange reserves hit record high of $23.084 billion on week ended July 01, 2016.

  • SECP revokes licenses of 22 not for profit companies; total cancellation tops 319

    SECP revokes licenses of 22 not for profit companies; total cancellation tops 319

    ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has cancelled licenses of 22 Not for Profit Companies during first quarter of the current fiscal year. The regulator so far revoked licenses of 319 charitable and non-profit organizations (NPOs).

    In a statement issued on Wednesday the SECP that the licenses were revoked for non-compliant of statutory requirements i.e. non-filing of financial statements and annual returns. Some of them were dormant since incorporation.

    These companies licensed under section 42 of the Companies Act. Upon revocation of license, these companies have to follow the procedure for their winding up voluntarily and in case of having no assets and liabilities they shall apply for striking their names off the register of the companies in terms of section 43 of the Companies Act, 2017 read with the Associations with Charitable and Not for Profit Objects Regulations, 2018.

    Sr.No.CRO NameCompany NameDate of Revocation of License
    1KarachiABDUL FOUNDATION9-Jul-15
    2LahoreAGRO-FORESTRY FOUNDATION FOR POVERTY ALLEVIATION1-Feb-16
    3IslamabadAKBAR ZUBAIDAH GHANI FOUNDATION9-Jul-15
    4LahoreAKHTAR A. AWAN FOUNDATION6-Apr-15
    5QuettaAL-KHALIQ FOUNDATION6-Apr-15
    6LahoreALL PAKISTAN KITE FLYING ASSOCIATION9-Jul-15
    7KarachiALLIED FOUNDATION9-Jul-15
    8IslamabadANSARI WELFARE FOUNDATION OF PAKISTAN9-Jul-15
    9IslamabadASIAN HUMAN RIGHTS DEVELOPMENT ORGANIZATION6-Apr-15
    10IslamabadASSOCIATION FOR FAIR TRADE IN PAKISTAN6-Apr-15
    11IslamabadASSOCIATION OF CHINESE ENTERPRISES IN PAKISTAN6-Apr-15
    12IslamabadAVERROES FOUNDATION6-Apr-15
    13IslamabadBILAWAL FOUNDATION9-Jul-15
    14IslamabadCENTRE FOR POLICY ALTERNATIVES9-Jul-15
    15IslamabadCHAUDHRI MOHAMMAD ALI FOUNDATION9-Jul-15
    16LahoreCINEMA OWNERS FOUNDATION6-Apr-15
    17PeshawarCITIZEN COMMUNITY COORDINATION FOR DEVELOPMENT9-Jul-15
    18LahoreCLAY PIGEON SHOOTING ASSOCIATION OF PAKISTAN9-Jul-15
    19LahoreCLIMAX FOUNDATION6-Apr-15
    20IslamabadCOMMUNITY LIFE NETWORK6-Apr-15
    21IslamabadCOMPREHENSIVE DISASTER RESPONSE SERVICES6-Apr-15
    22KarachiCUPOLA CARES FOUNDATION1-Feb-16
    23PeshawarDA RORR LASS6-Apr-15
    24LahoreDAR-UL-ISLAM AL-KHAIRYIA FOUNDATION6-Apr-15
    25IslamabadDEVELOPMENT ASSISTANCE NETWORK6-Apr-15
    26IslamabadDHAI EDUCATION FOUNDATION9-Jul-15
    27PeshawarDOSTI DEVELOPMENT FOUNDATION6-Apr-15
    28IslamabadDR. SHAUKAT HAROON FOUNDATION6-Apr-15
    29LahoreEARLSFIELD FOUNDATION6-Apr-15
    30IslamabadEDUCACY FOUNDATION9-Jul-15
    31IslamabadENGINEERS’ FOUNDATION9-Jul-15
    32IslamabadENVIRONMENT WATCH6-Apr-15
    33IslamabadFOCUS PAKISTAN FOUNDATION29-Jan-16
    34IslamabadFOUNDATION FOR INTELLECTUAL PROPERTY, AWARENESS & RESEARCH9-Jul-15
    35IslamabadFOUNDATION FOR SOCIOECONOMIC EMPOWERMENT AND DEVELOPMENT9-Jul-15
    36LahoreFRIENDS HUMANITY TRUST9-Jul-15
    37IslamabadFUNDS FOR INCLUSION OF PEOPLE WITH DISABILITIES9-Jul-15
    38PeshawarGADOON AMAZAI RURAL AREA SUPPORT PROGRAM6-Apr-15
    39MultanGLOBAL ORGANIZATION FOR HUMAN EMPOWERMENT AND RIGHTS9-Jul-15
    40IslamabadGLOBAL RESEARCH FOUNDATION6-Apr-15
    41PeshawarGLOBAL RESOURCES FOR SOCIAL DEVELOPMENT6-Apr-15
    42LahoreGOLF PLAYERS ASSOCIATION6-Apr-15
    43KarachiGREEN VIEW FOUNDATION9-Jul-15
    44KarachiHABIB FOUNDATION9-Jul-15
    45LahoreHAZRAT KHADIJAH SADIA EDUCATIONAL FOUNDATION6-Apr-15
    46LahoreHELMS FOUNDATION6-Apr-15
    47IslamabadHELPCOUNTS FOUNDATION6-Apr-15
    48IslamabadHINA AND NAYHA DISASTER SERVICES, PAKISTAN9-Jul-15
    49LahoreHOSPITAL WASTE MANAGEMENT9-Jul-15
    50LahoreHUM LOGE9-Jul-15
    51IslamabadHUMAN AID FOCUS6-Apr-15
    52IslamabadHUMAN INFRASTRUCTURE DEVELOPMENT PROGRAM6-Apr-15
    53IslamabadHUMAN RELIEF ORGANIZATION29-Jan-16
    54LahoreHUMAN RIGHTS FOUNDATION6-Apr-15
    55SukkurHUMAN SAFETY FOUNDATION9-Jul-15
    56LahoreHUMANITY CARE STIFTUNG6-Apr-15
    57IslamabadHUM-QADAM FOUNDATION6-Apr-15
    58LahoreIDARAH TAAMIR E MILLAT6-Apr-15
    59PeshawarIDRAK9-Jul-15
    60IslamabadIKI HUMAN WELFARE FOUNDATION9-Jul-15
    61KarachiINSTITUTE OF CHARTERED SECRETARIES & MANAGERS24-Aug-15
    62KarachiINSTITUTE OF MARKETING MANAGEMENT24-Aug-15
    63IslamabadINSTITUTE OF SOCIAL ANALYSIS AND RESEARCH9-Jul-15
    64KarachiINSTITUTE OF SURVEYORS AND LOSS ADJUSTORS OF PAKISTAN29-Jan-16
    65KarachiINSTITUTE OF TAXATION MANAGEMENT24-Aug-15
    66LahoreISLAMIC WELFARE FOUNDATION9-Jul-15
    67IslamabadJAMIL MALIK FOUNDATION7-Sep-15
    68IslamabadJAVED TARIQ MEMORIAL TRUST30-Dec-15
    69KarachiKARACHI CHAMBER HOSPITAL9-Jul-15
    70KarachiKARACHI CRICKET ASSOCIATION9-Jul-15
    71KarachiKASSIM DADA EDUCATION & WELFARE FOUNDATION9-Jul-15
    72PeshawarKURRAM RURAL SUPPORT ORGANISATION9-Jul-15
    73MultanLIVESTOCK BREEDERS & DAIRY FARMERS ASSOCIATION9-Jul-15
    74IslamabadMANZIL FOUNDATION6-Apr-15
    75IslamabadMASS DEVELOPMENT FOUNDATION6-Apr-15
    76FaisalabadMCMANUS NARU TRUST6-Apr-15
    77IslamabadMETUPAK FOUNDATION6-Apr-15
    78LahoreMIAN GHULAM NABI TRUST6-Apr-15
    79IslamabadMISSION UNTO LIGHT6-Apr-15
    80IslamabadMOHSIN FOUNDATION6-Apr-15
    81IslamabadMOHTARMA CHANNABAI OF CHAKORA MEMORIAL (CHARITABLE) TRUST6-Apr-15
    82IslamabadMULLACH FOREST AND COMMUNITY DEVELOPMENT ORGANIZATION9-Jul-15
    83IslamabadNASEEM HIJAZI SOCIAL DEVELOPMENT NETWORK9-Jul-15
    84IslamabadNATIONAL INSTITUTE OF WTO & INTERNATIONAL TRADE LAWS6-Apr-15
    85IslamabadNAWAB FARID KHAN DEVELOPMENT FOUNDATION6-Apr-15
    86IslamabadNAZARIYA PAKISTAN COUNCIL9-Jul-15
    87MultanNISHTAR MEDICAL FOUNDATION9-Jul-15
    88IslamabadNOOR-E-JAHAN6-Apr-15
    89LahoreORCO FOUNDATION6-Apr-15
    90IslamabadORGANIZATION FOR REHABILITATION OF DISABLED PERSONS6-Apr-15
    91PeshawarPAKISTAN AGRO CULTURE AND ENVIRONMENT FOUNDATION6-Apr-15
    92IslamabadPAKISTAN AIDS CONTROL FEDERATION6-Apr-15
    93IslamabadPAKISTAN ASSOCIATION FOR FREE FLYING6-Apr-15
    94IslamabadPAKISTAN COMPLIANCE INITIATIVE6-Apr-15
    95IslamabadPAKISTAN CRICKET COUNCIL FOR THE BLIND6-Apr-15
    96IslamabadPAKISTAN EDUCATION ALLIANCE6-Apr-15
    97LahorePAKISTAN HEART FOUNDATION9-Jul-15
    98LahorePAKISTAN HORSE BREEDERS ASSOCIATION9-Jul-15
    99IslamabadPAKISTAN HORSE BREEDERS, EQUESTRIAN AND RACING FOUNDATION29-Jan-16
    100LahorePAKISTAN INSTITUTE OF FASHION AND DESIGN9-Jul-15
    101LahorePAKISTAN MARKAZI ANJUMAN RAJPUTAN6-Apr-15
    102KarachiPAKISTAN POLAND BUSINESS FORUM9-Jul-15
    103IslamabadPAKISTAN RURAL SUPPORT PROJECT9-Jul-15
    104KarachiPAKISTAN SCRABBLERS ASSOCIATION9-Jul-15
    105LahorePARWAAZ FOUNDATION6-Apr-15
    106IslamabadPEACE AND DEVELOPMENT FOUNDATION9-Jul-15
    107IslamabadPEACE EDUCATION FOUNDATION9-Jul-15
    108LahorePEPSI FOUNDATION PAKISTAN9-Jul-15
    109IslamabadPMKS FOUNDATION9-Jul-15
    110LahorePRESBYTERIAN PROPERTY TRUST IN PAKISTAN6-Apr-15
    111IslamabadPSY FOUNDATION6-Apr-15
    112LahorePUNJTAN PAK WELFARE TRUST6-Apr-15
    113IslamabadQUOMI WELFARE FOUNDATION9-Jul-15
    114LahoreRAJPUT BHATTI ASSOCIATION OF PAKISTAN9-Jul-15
    115LahoreRANA MOHAMMAD SARWAR KHAN TRUST6-Apr-15
    116FaisalabadRASHIDA MUHAMMAD ALI FOUNDATION9-Jul-15
    117IslamabadRAWALPINDI-ISLAMABAD CUSTOMS AGENTS ASSOCIATION9-Jul-15
    118IslamabadRIFFAH FOUNDATION6-Apr-15
    119IslamabadROSHNI FOUNDATION6-Apr-15
    120IslamabadSAFE HANDS6-Apr-15
    121IslamabadSAFWAN FOUNDATION6-Apr-15
    122LahoreSAIBAN COMMUNITY FOUNDATION29-Jan-16
    123FaisalabadSARWAR FOUNDATION9-Jul-15
    124IslamabadSHAHEED ZULFIKAR ALI BHUTTO FOUNDATION9-Jul-15
    125IslamabadSOCIAL AND MORAL AWARENESS FOR YOUTH9-Jul-15
    126IslamabadSPORTS DEVELOPMENT FOUNDATION6-Apr-15
    127LahoreSUFNA FOUNDATION9-Jul-15
    128LahoreSULTAN-UL-ARFEEN DEVELOPMENT NETWORK6-Apr-15
    129IslamabadSUPPORT FOR HEALTH AND DEVELOPMENT ENDEAVOURS9-Jul-15
    130KarachiSURVEYORS & ADJUSTERS ASSOCIATION OF PAKISTAN9-Jul-15
    131IslamabadSYNERGY FOR HEALTH & EDUCATION9-Jul-15
    132KarachiTHE EDUCATION FOUNDATION9-Jul-15
    133IslamabadTHE GUL RANO FOUNDATION6-Apr-15
    134IslamabadTHE IQBAL INTERNATIONAL INSTITUTE FOR RESEARCH, EDUCATION AND DIALOGUE6-Apr-15
    135IslamabadTHE KARAM BAKHSH AWAN TRUST6-Apr-15
    136KarachiULTRASOUND SOCIETY OF PAKISTAN9-Jul-15
    137IslamabadUMEED FOUNDATION29-Jan-16
    138IslamabadWATAN FOUNDATION6-Apr-15
    139IslamabadWILDLIFE REHABILITATION FOUNDATION6-Apr-15
    140IslamabadWTR FOUNDATION9-Jul-15
    141KarachiZULFIQAR ALI BHUTTO SPORTS FOUNDATION9-Jul-15
    142LahoreA.N.K RANA FOUNDATION3-Sep-15
    143IslamabadAGRICULTURE & LIVESTOCK TRAINING FOUNDATION9-May-16
    144IslamabadAL AMANAH FOUNDATION10-May-16
    145KarachiAWAZ-E-DIL FOUNDATION24-Mar-16
    146IslamabadCENTER FOR CHANGE24-Mar-16
    147IslamabadCENTER FOR CULTURAL DIALOGUE & RESEARCH9-May-16
    148LahoreCONSERVATION AND HUNTING ASSOCIATION OF PAKISTAN9-May-16
    149IslamabadDARMAAN WELFARE FOUNDATION25-May-16
    150LahoreFARZ FOUNDATION25-May-16
    151IslamabadFIRST STEP FOUNDATION24-Mar-16
    152IslamabadFOUNDATION FOR BETTER TOMORROW1-Apr-16
    153IslamabadFOUNDATION FOR RESEARCH AND SOCIO – ECOLOGICAL HARMONY10-May-16
    154IslamabadFURQAN EDUCATION FOUNDATION14-Apr-16
    155IslamabadGerman Shepherd Dog Club Of Pakistan29-Apr-16
    156LahoreGLOBAL FOUNDATION FOR SME CLUSTER DEVELOPMENT24-Mar-16
    157MultanINSAN FOUNDATION24-Mar-16
    158IslamabadKOHSAR PROGRESSIVE FOUNDATION2-Jun-16
    159IslamabadLET’S SERVE HUMANITY8-Jun-16
    160KarachiMADAD FOUNDATION13-Jul-16
    161IslamabadNASRA SATTAR FOUNDATION25-May-16
    162LahorePAKISTAN INSTITUTE OF COST AND CONTRACTS14-Apr-16
    163IslamabadPASSENGER WELFARE FOUNDATION24-Mar-16
    164IslamabadPAVING PATHS FOUNDATION9-May-16
    165IslamabadPEHCHAN24-Mar-16
    166KarachiAL-RIAZ FOUNDATION6-Apr-15
    167KarachiANJUMAN-E-KAKEZAIAN KARACHI (PAK)6-Apr-15
    168IslamabadASIAN INSTITUTE OF TRADE AND DEVELOPMENT9-Jul-15
    169KarachiASSOCIATION OF ROAD USERS OF PAKISTAN6-Apr-15
    170KarachiBALOCH WELFARE ASSOCIATION OF PAKISTAN6-Apr-15
    171KarachiBSA FOUNDATION6-Apr-15
    172KarachiCHIRAGH TAJ ASSOCIATION6-Apr-15
    173KarachiCONSUMERS FOUNDATION6-Apr-15
    174KarachiFEDERATION OF CHINIOT COMMUNITY6-Apr-15
    175KarachiFRIENDS SANS FRONTIERS6-Apr-15
    176KarachiGREY GROUP FOUNDATION6-Apr-15
    177KarachiINTERNATIONAL CENTRE FOR SCIENCE TECHNOLOGY6-Apr-15
    178KarachiKARASONS FOUNDATION6-Apr-15
    179KarachiKASSIM FOUNDATION6-Apr-15
    180KarachiMEDICAID FOUNDATION6-Apr-15
    181KarachiMOHAMMED AHMED RANGOONWALA FOUNDATION6-Apr-15
    182KarachiMOTAMAR FOUNDATION6-Apr-15
    183KarachiMSJ RESEARCH INSTITUTE6-Apr-15
    184KarachiMUSLIM INSTITUTE6-Apr-15
    185KarachiNATIONAL LITERACY FOUNDATION6-Apr-15
    186KarachiPAKISTAN ASSOCIATION OF CREDIT MANAGEMENT6-Apr-15
    187KarachiPAKISTAN DEAF SPORTS COUNCIL6-Apr-15
    188KarachiPAKISTAN EYE FOUNDATION6-Apr-15
    189KarachiPAKISTAN GENERAL HAWKER’S UNION6-Apr-15
    190KarachiPAKISTAN HONG KONG BUSINESS FORUM9-Jul-15
    191KarachiPAKISTAN INSTITUTE OF CITY & REGIONAL PLANNING6-Apr-15
    192KarachiPAKISTAN JOCKEYS ASSOCIATIONS LIMITED6-Apr-15
    193KarachiPETROLEUM FOUNDATION6-Apr-15
    194KarachiPOLKA FOUNDATION6-Apr-15
    195KarachiPROFESSIONAL EDUCATION FOUNDATION6-Apr-15
    196KarachiSAFI QURESHEY FOUNDATION6-Apr-15
    197KarachiSHARF-E-HAYAT FOUNDATION6-Apr-15
    198KarachiSHIKARIS ASSOCIATION6-Apr-15
    199KarachiSULTAN MOHAMMAD SHAH FOUNDATION6-Apr-15
    200KarachiTHE HAVEN FOUNDATION6-Apr-15
    201KarachiTHE SOLAR ENERGY AWARENESS SOCIETY6-Apr-15
    202KarachiTRADE & TRANSPORT FACILITATION COUNCIL6-Apr-15
    203KarachiUNITED RELIEF AND DEVELOPMENT FOUNDATION6-Apr-15
    204KarachiVERA FOUNDATION6-Apr-15
    205KarachiYADGARE HUSAINI COUNCIL6-Apr-15
    206KarachiYAQEEN EDUCATION FOUNDATION6-Apr-15
    207KarachiYOUNG MEN’S CHRISTIAN ASSOCIATION6-Apr-15
    208KarachiZAIDI ABID FOUNDATION6-Apr-15
    209PeshawarPINE RURAL AREA DEVELOPMENT ORGANIZATION14-Apr-16
    210IslamabadRADIO LIVESTOCK PAKISTAN14-Apr-16
    211IslamabadROOTS EDUCATION FOUNDATION1-Apr-16
    212IslamabadSOHNI DHARTI FOUNDATION24-Mar-16
    213KarachiTEACH FOR PAKISTAN15-Jun-16
    214IslamabadUMEED-E-SAHER FOUNDATION24-Mar-16
    215IslamabadWHITE CRESCENT FOUNDATION8-Jun-16
    216KarachiZAKRIA FOUNDATION14-Apr-16
    217IslamabadMAIRAJ FOUNDATION22-Jul-16
    218IslamabadPRIME MINISTER’S EDUCATION ENDOWMENT FUND FOR BALOCHISTAN23-Aug-16
    219SukkurGENCO EMPLOYEES HOUSING FOUNDATION10-Nov-16
    220IslamabadFATA RURAL SUPPORT PROGRAMME9-Jul-15
    221IslamabadABDUL SATTAR FOUNDATION1-Nov-16
    222IslamabadRADIANCE WELFARE FOUNDATION1-Nov-16
    223PeshawarMalakand Welfare Foundation26-Dec-16
    224IslamabadNAFEES FOUNDATION26-Dec-16
    225LahoreRESEARCH INSTITUTE OF NATURAL RESOURCES OF PAKISTAN30-Jan-17
    226KarachiBENAZIRABAD INDUSTRIAL ESTATE DEVELOPMENT AND MANAGEMENT COMPANY30-Jan-17
    227LahoreAL-JEHAN WELFARE FOUNDATION13-Feb-17
    228LahoreASIAN SOCIETY OF NEUROLOGICAL SURGEONS13-Feb-17
    229IslamabadPAKISTAN YOUTH ALLIANCE13-Feb-17
    230LahoreTHE INSTITUTE OF INTERNAL AUDITORS-PAKISTAN4-Sep-15
    231IslamabadTHE COMPETITIVENESS SUPPORT FUND (CSF)25-Dec-13
    232IslamabadAASARA-E-ADAL O NOOR3-Sep-15
    233FaisalabadArshad Welfare Association6-Aug-17
    234IslamabadCNFA Pakistan Center for Enterprise and Development.12-May-17
    235KarachiVictim Assistance Foundation6-Feb-17
    236KarachiTHE MIND SPORTS ASSOCIATION OF PAKISTAN8-Jul-17
    237LahoreBUKSH FOUNDATION29-Jan-16
    238KarachiComputer Society of Pakistan13-Sep-17
    239IslamabadINTERFAITH HARMONY INTERNATIONAL12-Oct-17
    240LahoreHum Pakistani Foundation13-Oct-17
    241PeshawarASSOCIATION FOR SUSTAINABLE INTEGRATED DEVELOPMENT12-Oct-17
    242KarachiSind Industrial Trading Estate Limited12-Dec-17
    243IslamabadSocial Development Enterprise19-Mar-18
    244KarachiSLEEP RESEARCH FOUNDATION27-Mar-18
    245IslamabadDEVELOPYST27-Mar-18
    246IslamabadDEVELOPMENTAL INITIATIVE AND EMPOWERMENT AXIS27-Mar-18
    247IslamabadDHAKA AHSANIA MISSION PAKISTAN27-Mar-18
    248IslamabadSABA KHIDMAT FOUNDATION27-Mar-18
    249IslamabadGOVERNANCE SUPPORT INITIATIVE26-Mar-18
    250IslamabadSaba Orphanage Foundation11-Mar-16
    251IslamabadRelief Pakistan18-Apr-18
    252MultanALFAUZ WELFARE FOUNDATION10-May-16
    253IslamabadThe One Foundation8-May-18
    254IslamabadTVO SOCIAL LINK8-May-18
    255KarachiHalaal Foundation15-Jan-18
    256IslamabadPASHUMA HEALTH FOUNDATION7-Feb-18
    257IslamabadHKS Foundation15-Jan-18
    258IslamabadFEDERAL LIVER TRANSPLANT ENDOWMENT FUND15-Jan-18
    259IslamabadBelous Foundation15-Jan-18
    260IslamabadUROLOGY AND TRANSPLANTATION FOUNDATION26-Mar-18
    261IslamabadA BETTER LIFE29-Jun-18
    262PeshawarUMEED RURAL DEVELOPMENT ORGANISATION29-Jun-18
    263IslamabadMISSAL FOUNDATION29-Jun-18
    264IslamabadGUL-E-ARZU DEVELOPMENT ORGANIZATION2-Jun-16
    265IslamabadMy Biz Pakistan Foundation7-Aug-18
    266KarachiAGA KHAN UNIVERSITY HOSPITAL15-Sep-18
    267KarachiFOUNDATION FOR STRENGTHENING OF LOCAL PARTNERS10-Sep-18
    268IslamabadHIMALAYAN CONSERVATION AND RURAL SUPPORT PROGRAMME (HCRSP)10-Sep-18
    269IslamabadTHE CARING SOCIETY10-Sep-18
    270LahoreDASTAK FOUNDATION10-Sep-18
    271MultanEmperor Foundation10-Sep-18
    272MultanSATLUJ WELFARE FOUNDATION10-Sep-18
    273IslamabadWATER AND SANITATION SUPPORT PROGRAM10-Sep-18
    274LahoreINSTITUTE OF PROFESSIONAL LEARNING27-Sep-18
    275IslamabadAFZAL & AFZAL LAW REFORMS INSTITUTE5-Oct-18
    276IslamabadSilk Source19-Oct-18
    277IslamabadPAKTURK EDUCATION FOUNDATION1-Jan-19
    278IslamabadAkberia Foundation2-Jan-19
    279PeshawarKHYBER PAKHTUNKHWA PRIMARY HEALTHCARE INITIATIVE24-Jan-19
    280IslamabadZTBL Foundation20-Feb-19
    281IslamabadDONNA BOYD FOUNDATION15-Feb-19
    282LahoreHEALTHCARE VOLUNTEER PAKISTAN15-Feb-19
    283IslamabadZoya Science Schools Network20-Mar-19
    284FaisalabadGLOW FOUNDATION FOR HUMAN RIGHTS AND WOMEN LITERACY25-Mar-19
    285LahoreChildren’s Foundation of Pakistan25-Mar-19
    286IslamabadVICTIM SUPPORT AND DEVELOPMENT FOUNDATION4-Apr-19
    287IslamabadCARE WITHOUT BORDERS4-Apr-19
    288QuettaAlhamd Foundation4-Apr-19
    289MultanPIYAR FOUNDATION4-Apr-19
    290IslamabadBRAC PAKISTAN4-Apr-19
    291IslamabadSUPPORT WITH WORKING SOLUTIONS19-Apr-19
    292IslamabadAMANUT HANDS16-May-19
    293IslamabadALFURQAN HUMANITARIAN RELIEF FOUNDATION9-May-19
    294IslamabadCOMSATS Technologies28-May-19
    295IslamabadCOMSIANS foundation28-May-19
    296IslamabadCOMSATS EMPLOYEES HOUSING FOUNDATION28-May-19
    297IslamabadMaryam Foundation21-Jun-19
    298IslamabadBabar Foundation2-Jul-19
    299IslamabadAAP Ki Sehat1-Jul-19
    300IslamabadTAKBEER FOUNDATION22-Jul-19
    301IslamabadVISIONS AND ACTIONS22-Jul-19
    302LahorePolaris Leaders2-Aug-19
    303KarachiFOUNDATION FOR FAIZAN AULIA PAKISTAN5-Aug-19
    304IslamabadAl Mustafa Educational Network9-Aug-19
    305LahoreAgrihealth Association9-Aug-19
    306KarachiMalnutrition Care Foundation9-Aug-19
    307LahoreHopian Foundation9-Aug-19
    308IslamabadCenter for Sustainability and Governance9-Aug-19
    309IslamabadCare Plus Welfare Organization27-Aug-19
    310IslamabadA. Hakim Siddiqui Foundation29-Aug-19
    311IslamabadCome Foundation29-Aug-19
    312IslamabadRADIANT BUSINESSMEN FORUM30-Aug-19
    313IslamabadGUL JAN WELFARE30-Aug-19
    314LahoreNaymet Pakistan30-Aug-19
    315MultanAAS DEVELOPMENT FOUNDATION3-Sep-19
    316SukkurIndus Crafts Foundation12-Sep-12
    317IslamabadMOH18-Sep-19
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  • Headline inflation increases by 11.4 percent in September

    Headline inflation increases by 11.4 percent in September

    ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) has increased by 11.4 percent in the month of September 2019, said Pakistan Bureau of Statistics (PBS) on Wednesday.

    It said that CPI inflation general with base year 2015-2016, increased by 11.4 percent on year-on-year basis in September 2019 as compared to an increase of 10.5 percent in the previous month and 5.4 percent in September 2018.

    On month-on-month basis, it increased by 0.8 percent in September 2019 as compared to an increase of 1.6 percent in the previous month and 0.0 percent in September 2018.

    CPI inflation Urban, increased by 11.6 percent on year-on-year basis in September 2019 as compared to an increase of 10.6 percent in the previous month and 5.6 percent in September 2018.

    On month-on-month basis, it increased by 0.7 percent in September 2019 as compared to an increase of 1.5 percent in the previous month and a decrease of 0.1 percent in September 2018.

    CPI inflation Rural, increased by 11.1 percent on year-on-year basis in September 2019 as compared to an increase of 10.3 percent in the previous month and 5.1 percent in September 2018.

    On month-on-month basis, it increased by 0.8 percent in September 2019 as compared to an increase of 1.9 percent in the previous month and 0.0 percent in September 2018.

    Sensitive Price Indicator (SPI) inflation on YoY increased by 14.7 percent in September 2019 as compared to an increase of 12.1 percent a month earlier and an increase of 0.4 percent in September 2018.

    On MoM basis, it increased by 1.9 percent in September 2019 as compared to an increase of 2.7 percent a month earlier and a decrease of 0.4 percent in September 2018.

    Wholesale Price Index (WPI) inflation on YoY basis increased by 15.9 percent in September 2019 as compared to an increase of 14.1 percent a month earlier and an increase of 14.6 percent in September 2018.

    WPI inflation on MoM basis increased by 0.1 percent in September 2019 as compared to an increase of 1.2 percent a month earlier and a decrease of 1.5 percent in corresponding month of last year i.e. September 2018.

  • Pakistan’s forex reserves decrease by $125 million

    Pakistan’s forex reserves decrease by $125 million

    KARACHI: The liquid foreign exchange reserves of the country fell by $125 million to $15.773 billion by week ended September 20, 2019, State Bank of Pakistan (SBP) said on Thursday.

    The total foreign exchange reserves of the country a week ago were at $15.898 billion.

    The foreign exchange reserves held by the SBP declined by $135 million to $8.465 billion by week ended September 20, 2019 as against $8.6 billion a week ago.

    The SBP said that the reserves were declined due to external debt payments.

    The reserves held by commercial banks, however, increased by $10 million to $7.307 billion as compared with $7.297 billion a week ago.

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  • Car imports fall sharply by 85 percent in first two months

    Car imports fall sharply by 85 percent in first two months

    KARACHI: The car imports in Pakistan have sharply fell by 85 percent during first two months of current fiscal year owing to payment restriction imposed for customs clearance.

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  • FBR taking significant steps to improve tax administration: IMF

    FBR taking significant steps to improve tax administration: IMF

    ISLAMABAD: International Monetary Fund (IMF) on Friday said that Federal Board of Revenue (FBR) is undertaking significant steps to improve tax administration and its interface with taxpayers.

    An International Monetary Fund (IMF) mission, led by Ernesto Ramirez Rigo, visited Islamabad and Karachi during September 16–20, 2019 to take stock of economic developments since the start of the Extended Fund Facility (EFF) and discuss progress in the implementation of economic policies.

    A full mission for the first review under the EFF, is planned for late-October. At the conclusion of the staff visit, Ramirez Rigo issued the following statement:

    “While the authorities’ economic reform program is still in its early stages, there has been progress in some key areas. The transition to a market-determined exchange rate has started to deliver positive results on the external balance, exchange rate volatility has diminished, monetary policy is helping to control inflation, and the SBP has improved its foreign exchange buffers.

    “There has been a significant improvement in tax revenue collections, with taxes showing double-digit growth net of exporters refunds. Moreover, the FBR is undertaking significant steps to improve tax administration and its interface with taxpayers. Staff and the authorities have analyzed the worse than expected fiscal results of FY2018/19, which were partially the result of one-off factors and should not jeopardize the ambitious fiscal targets for FY2019/20. Importantly, the social spending measures in the program have been implemented.

    “The near-term macroeconomic outlook is broadly unchanged from the time of the program approval, with growth projected at 2.4 percent in FY2019/20, inflation expected to decline in the coming months, and the current account adjusting more rapidly than anticipated. However, domestic and international risks remain, and structural economic challenges persist. In this context, the authorities need to press ahead with their reform agenda.

    “In order to complete the first review, an IMF staff team plans to return to Pakistan in late-October to assess the end-September program targets.”