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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.
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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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Karachi, February 18, 2025 – The net inflow of Foreign Direct Investment (FDI) into Pakistan surged by over 56% during the first seven months (July – January) of the current fiscal year 2024-25, as reported by the State Bank of Pakistan (SBP) on Tuesday.
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Karachi, February 18, 2025 – Pakistan recorded a current account surplus of $682 million during the first seven months of the fiscal year 2024-25 (July–January), according to data released by the State Bank of Pakistan (SBP) on Tuesday.
(more…)KARACHI: Pakistan’s federal government witnessed a significant surge in its total debt stock, which climbed to Rs 71.6 trillion by the end of December 2024. This sharp increase is primarily attributed to continued borrowing to bridge the fiscal deficit, according to official data released by the State Bank of Pakistan (SBP) on Friday.
(more…)Karachi, February 13, 2025 — The State Bank of Pakistan (SBP) announced a decline of $252 million in its official foreign exchange reserves during the past week, highlighting ongoing external payment obligations.
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Karachi, February 10, 2025 – The government of Pakistan has disbursed a staggering Rs 5.14 trillion as mark-up on loans acquired from both local and international financial institutions during the first half (July-December) of the ongoing fiscal year 2024-25.
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Islamabad, February 9, 2025 – The International Monetary Fund (IMF) mission has arrived in Pakistan to assess the extent of corruption vulnerabilities across six key state functions, according to a statement released by the finance ministry on Sunday.
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Karachi, February 9, 2025 – The collection of petroleum levy has witnessed a substantial increase, reaching Rs 549 billion during the first half (July – December) of the current fiscal year, according to data released by the Ministry of Finance.
(more…)Karachi, February 8, 2025 – Pakistan has reported a notable reduction in its budget deficit, which contracted to 1.2% of Gross Domestic Product (GDP) in the first half (July-December) of the fiscal year 2024-25. This marks a significant improvement from the 2.3% budget deficit recorded during the corresponding period of the previous fiscal year.
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