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Islamabad, May 9, 2025 – Major international tobacco companies have urged Finance Minister Muhammad Aurangzeb to reform Pakistan’s excise duty framework in order to combat illicit trade, increase tax revenue, and stabilize the formal tobacco sector.
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Karachi, May 8, 2025 – Pakistan’s forex position showed improvement this week as the State Bank of Pakistan (SBP) reported a notable increase of $231 million in the country’s overall foreign exchange reserves.
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Islamabad, May 7, 2025 — Pakistan’s fiscal indicators showed notable improvement during the first nine months of the ongoing fiscal year (July–March FY2024-25), as the federal budget deficit shrank to 2.4% of GDP, down significantly from 3.7% recorded during the same period last year. The Ministry of Finance released these figures on Wednesday, attributing the fiscal improvement to a surge in both tax and non-tax revenues.
(more…)Islamabad, May 7, 2025 – Finance Minister Muhammad Aurangzeb has reaffirmed the resilience of Pakistan’s financial system, emphasizing that it remains stable, secure, and well-coordinated despite growing regional tensions.
(more…)Karachi, May 2, 2025 – Pakistan’s total foreign exchange reserves witnessed a decline of $184 million during the week ending April 25, 2025, according to the latest data released by the State Bank of Pakistan (SBP) on Thursday.
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Islamabad, May 2, 2025 — Pakistan has reported a steep year-on-year rise in its trade deficit, which surged by 55% in April 2025, highlighting growing concerns over the country’s external trade balance.
(more…)Karachi, April 30, 2025 — Finance Minister Muhammad Aurangzeb has assured the business community that Pakistan is fully capable of handling the impact of new U.S. tariffs and evolving global economic conditions.
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Karachi, April 28, 2025 – The State Bank of Pakistan (SBP) on Monday released its Half Year Report FY25 on the state of Pakistan’s economy, highlighting several key risks that could impact the country’s future economic performance.
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Islamabad, April 25, 2025 – The Sensitive Price Indicator (SPI) inflation dropped by 1.92% during the week ending April 24, 2025, according to the latest report released by the Pakistan Bureau of Statistics (PBS). The decrease in inflation was primarily driven by a substantial 19.17% fall in electricity charges for the first quarter (Q1), offering some relief to consumers amid persistent economic pressures.
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Islamabad, April 24, 2025 — In a strategic step aimed at enhancing investor confidence and improving the business climate, Prime Minister Shehbaz Sharif has established a high-level committee to develop a comprehensive legal framework for the protection of investment in Pakistan.
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