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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.
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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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Islamabad, February 7, 2025 – The Sensitive Price Indicator (SPI) inflation witnessed a moderate decline of 0.21% for the week ending February 6, 2025, offering slight relief to consumers amid broader economic challenges.
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Islamabad, February 6, 2025 – Finance Minister Muhammad Aurangzeb on Thursday emphasized the importance of agriculture income tax as a crucial step in broadening Pakistan’s tax base.
(more…)Karachi, February 6, 2025 – The State Bank of Pakistan (SBP) has reported a $46 million increase in its foreign exchange reserves for the week ending January 31, 2025.
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