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Islamabad – Pakistan is facing an alarming economic challenge, losing approximately $100 billion annually due to illegal economic activities such as tax evasion, smuggling, and counterfeiting, according to a newly launched study.
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Islamabad, March 11, 2025 – Finance Minister Muhammad Aurangzeb on Tuesday projected that Pakistan’s workers’ remittances are expected to reach a historic high of $36 billion in the ongoing fiscal year 2024-25.
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Karachi, March 6, 2025 – Pakistan’s total foreign exchange reserves declined by $52 million during the past week, the State Bank of Pakistan (SBP) reported on Thursday.
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Islamabad, March 5, 2025 – In a strategic move to formalize its stance on digital assets, Pakistan has appointed Bilal bin Saqib as the Chief Advisor to the Finance Minister for the Pakistan Crypto Council.
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Islamabad, March 3, 2025 – Pakistan’s trade deficit has expanded by 6.33% during the first eight months (July – February) of the fiscal year 2024-25, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday.
(more…)Karachi, February 27, 2025 – Pakistan’s foreign exchange reserves experienced a decline of $23 million during the past week, as reported by the State Bank of Pakistan (SBP) on Thursday.
(more…)Karachi, February 24, 2025 – Finance Minister Muhammad Aurangzeb has emphasized that tax policy formulation should not be confined solely to mathematical calculations but must also consider the broader economic value.
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Islamabad, February 21, 2025 – Inflation continues to rise sharply ahead of the holy month of Ramadan, with sugar prices reaching Rs 155.27 per kilogram. The latest figures from the Pakistan Bureau of Statistics (PBS) show that the Sensitive Price Indicator (SPI) recorded a 0.27% increase for the week ending February 20, 2025, compared to the previous week.
(more…)Islamabad, February 20, 2025 – The Economic Coordination Committee (ECC) of the Cabinet, in a meeting on Friday, granted approval for a tax exemption on the income generated by the International Cricket Council (ICC) from the ICC Champions Trophy 2025.
(more…)Karachi, February 20, 2025 – Pakistan’s total foreign exchange (forex reserves) have witnessed an increase of $85 million, as per the latest data released by the State Bank of Pakistan (SBP) on Thursday.
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