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Category: Finance

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.

  • Aurangzeb Confident Over Achieving FY25 Tax Collection Target

    Aurangzeb Confident Over Achieving FY25 Tax Collection Target

    Finance Minister Muhammad Aurangzeb on Monday expressed optimism that Pakistan will successfully meet its tax collection target for the fiscal year 2024-25. During a televised interview on Bloomberg’s program, The Asia Trade, Aurangzeb highlighted that Pakistan’s tax-to-GDP ratio had risen to 10.8% by December 2024.

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  • SPI Weekly Inflation Decreases by 0.65%

    SPI Weekly Inflation Decreases by 0.65%

    Islamabad, January 10, 2025 – According to the Pakistan Bureau of Statistics (PBS), the Sensitive Price Indicator (SPI) recorded a decrease of 0.65% for the week ending January 9, 2025.

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  • Pakistan’s Net Forex Reserves Dip $31 Million on Weekly Basis

    Pakistan’s Net Forex Reserves Dip $31 Million on Weekly Basis

    Karachi, January 9, 2025 – Pakistan’s net foreign exchange (forex) reserves experienced a decline of $31 million during the week ending January 3, 2025, according to the State Bank of Pakistan (SBP). This reduction highlights ongoing pressures on the country’s external account as inflows and outflows continue to fluctuate.

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  • Pakistan Announces Timelines for Federal Budget 2025-26

    Pakistan Announces Timelines for Federal Budget 2025-26

    Islamabad, January 9, 2025 – The Government of Pakistan has officially announced the timelines for presenting the federal budget for the fiscal year 2025-26. The Finance Division has issued a detailed budget circular outlining the roadmap for preparing and approving the upcoming budget, which is scheduled to be presented in the first week of June 2025.

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  • Aurangzeb Announces Bold Move to Abolish 150,000 Vacant Jobs

    Aurangzeb Announces Bold Move to Abolish 150,000 Vacant Jobs

    Islamabad, January 7, 2025 – Finance Minister Muhammad Aurangzeb on Tuesday announced the government’s decision to abolish 150,000 vacant positions that are not on the payroll. This measure is aimed at improving efficiency within the federal government and cutting unnecessary expenditures.

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  • UAE Extends $2 Billion Debt Roll-Over for Pakistan: PM Shehbaz

    UAE Extends $2 Billion Debt Roll-Over for Pakistan: PM Shehbaz

    Prime Minister Shehbaz Sharif informed the federal cabinet on Tuesday that the United Arab Emirates (UAE) has agreed to roll over a $2 billion debt that was due for repayment by Pakistan this month. In his televised remarks at the start of the cabinet meeting, the prime minister highlighted the outcomes of his recent meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan, which took place in Rahim Yar Khan. The discussion focused on ways to deepen bilateral relations and enhance investment cooperation between the two countries.

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  • Pakistan Bans Import of Polyol Blended with HCFC – 141b – 142b

    Pakistan Bans Import of Polyol Blended with HCFC – 141b – 142b

    Islamabad, January 7, 2025 – Pakistan has taken a significant step toward protecting the environment and aligning with international climate commitments by approving a ban on the import of Polyol blended with HCFC-141b and HCFC-142b. The decision was made during a meeting of the Economic Coordination Committee (ECC) of the cabinet, chaired by Finance Minister Muhammad Aurangzeb.

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  • Pakistan Unveils Pension Reforms to Cut Fiscal Burden

    Pakistan Unveils Pension Reforms to Cut Fiscal Burden

    Pakistan has introduced a comprehensive set of pension reforms aimed at reducing the growing burden of pension liabilities on public finances. These reforms, announced by Adviser to the Finance Minister Khurram Schehzad via a post on X (formerly Twitter) on Saturday, are set to take effect from January 1, 2025. The initiative seeks to ensure fairness, sustainability, and financial stability within the nation’s pension system.

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  • Sindh Unveils Dates for Provincial Budget 2025-26

    Sindh Unveils Dates for Provincial Budget 2025-26

    Karachi, January 4, 2025 – The Sindh government has announced the timeline for presenting the provincial budget for the fiscal year 2025-26. The budget is expected to be presented in the provincial assembly in the first or second week of June 2025, as per the budget calendar released by the government.

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  • Pakistan’s Forex Reserves Rise $37 Million Despite SBP Fall

    Pakistan’s Forex Reserves Rise $37 Million Despite SBP Fall

    Karachi, January 2, 2025 – Pakistan’s net foreign exchange (forex) reserves increased by $37 million during the week ending December 27, 2024, despite a significant decline in the official reserves held by the State Bank of Pakistan (SBP). This disparity underscores evolving trends in the country’s financial framework.

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