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The World Bank Group Board of Directors has given the green light for a $300 million International Development Association (IDA) loan to support the Punjab Clean Air Program (PCAP).
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Karachi, March 27, 2025 – Pakistan’s net foreign exchange reserves have dropped by $465 million within a week, as per the latest data released by the State Bank of Pakistan (SBP) on Thursday.
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Islamabad, March 26, 2025 – Prime Minister Shehbaz Sharif has reinstated tax rebates for teachers and researchers by approving amendments to the Income Tax Ordinance, 2001.
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Washington, March 25, 2025 – Pakistan has successfully reached a staff-level agreement with the International Monetary Fund (IMF) on the first review of its Extended Fund Facility (EFF) and a new arrangement under the Resilience and Sustainability Facility (RSF).
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Islamabad, March 25, 2025 – The finance ministry has projected an increase in inflation over the coming months, attributing it to persistently high core inflation and rising costs in key sectors such as food and energy.
(more…)Karachi, March 20, 2025 – Pakistan’s foreign exchange reserves saw an increase of $187 million over the past week, according to the latest data released by the State Bank of Pakistan (SBP) on Thursday. The rise in reserves signals improved financial stability, offering some relief amid external economic challenges.
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Karachi, March 19, 2025 – The State Bank of Pakistan (SBP) reported on Wednesday that profit and dividend repatriation from Pakistan witnessed a significant surge of 104% during the first eight months (July–February) of the fiscal year 2024-25.
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Islamabad – Finance Minister Muhammad Aurangzeb on Monday categorically stated that the federal government has no plans to increase salaries and pensions of government employees in the upcoming fiscal year.
(more…)Karachi, March 17, 2025 – Pakistan’s current account remained in surplus, recording an impressive $691 million during the first eight months (July–February) of the ongoing fiscal year 2024-25, according to data released by the State Bank of Pakistan (SBP) on Monday.
(more…)Islamabad, Pakistan – The International Monetary Fund (IMF) and Pakistan have made substantial progress in negotiations to reach a Staff-Level Agreement (SLA) under the ongoing 37-month Extended Arrangement supported by the Extended Fund Facility (EFF).
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